Technological advancements in cardiac rhythm devices are driving the Global Cardiac Rhythm Management Devices Market. Fortune Business Insights in a report, titled “Cardiac Rhythm Management Devices Market: Global Market Analysis, Insights and Forecast, 2019-2026” projects the global market to register a CAGR of 4.4% between 2019 and 2026.
In 2019, The global market was worth US$ 13,883.7 Mn and is anticipated to be worth US$ 19,938.3.1 Mn by 2026. The rising prevalence of cardiovascular disorders across the world is the chief factor responsible for positively impacting the growth of the market.
Some of the Main Key Players Covered in the Cardiac Rhythm Management Devices Market Report
- Boston Scientific
- Philips Healthcare SL
- Defibtech, LLC.
- Cardiac Science
- Medical System
Increasing Awareness About Cardiac Management Devices Propels Growth in the Market
“Several developing economies are witnessing massive demand for implantable Cardiac Rhythm Management Devices Market owing to the rising awareness about different products among the population,” said a lead analyst at Fortune Business Insights. “This, coupled with rising disposable income, act as potential growth enablers in the market,” he added.
As per a study conducted by the European Cardiac Society, it was found that certain Western European countries registered an implantation rate of over 1000 units per million populations. The increasing adoption of implants especially in emerged countries represents a rising preference of cardiac rhythm management devices amongst the population.
The rapid adoption of a sedentary lifestyle among the population can lead to increasing number of cardiac arrests, which in turn, is another factor driving the market.
Defibrillators Register Strong Growth Than Other Products
Among different products, the market will witness strong demand for defibrillators in the global market during the forecast period. In 2018, they covered a share of 49.0% in the global cardiac rhythm management devices market. These are generally used to treat out-of-hospital cardiac arrests and arrhythmia. Under defibrillators, implantable cardioverter-defibrillator (ICD) are preferred over external defibrillators.
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Major Table of Content for Cardiac Rhythm Management Devices Market:
1. Introduction of Cardiac Rhythm Management Devices Market
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Technological Advancements in Cardiac Rhythm Management Devices
4.2 New Product Launches by Key Players
4.3 Regulatory Scenario for Key Countries
5. Global Cardiac Rhythm Management Devices Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Product
5.2.1 Cardiac Pacemakers
220.127.116.11 Single Chamber Cardiac Pacemaker
18.104.22.168 Dual Chamber Cardiac Pacemaker
22.214.171.124 Implantable Cardioverter Defibrillators (ICD)
126.96.36.199.1 Single Chmaber ICD
188.8.131.52.2 Dual Chamber ICD
184.108.40.206 External Defibrillators
220.127.116.11.1 Automated External Defibrillators
18.104.22.168.2 Manual & Semi-Automatic External Defibrillators
22.214.171.124.3 Wearable Defibrillators
5.2.3 Cardiac Re-synchronization Therapy (CRT)Devices
126.96.36.199 CRT- Pacemakers
5.3. Market Analysis, Insights and Forecast – By End User
5.3.1 Hospitals & Clinics
5.3.2 Ambulatory Surgery Centers and Others
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1 North America
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