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.
Highlights of the Report:
- In-depth analysis of various insights, namely, Cardiac Rhythm Management Devices Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Cardiac Rhythm Management Devices Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
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Key Players Operating in The Cardiac Rhythm Management Devices Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Physio Control
- Cardiac Science
- CU Medical Systems Inc.
- Defibtech, LLC.
- Boston Scientific Corporation
- LivaNova PLC
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. Moreover, physicians also recommend this type of defibrillator as they have the ability to effectively deliver electric shocks for the restoration of a heartbeat. On the other hand, the installation of the external defibrillator is increasing in developed and developing nations with the growing incidence of out-of-hospital cardiac arrests. Governments in some countries have passed a mandate to install external defibrillators at public places. The objective is to have easy access to cardiac patients.
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North America Dominates Owing to Favorable Healthcare Reimbursement Policies
From a geographical standpoint, North America is anticipated to dominate the global cardiac rhythm management devices market in the forecast years. Well-established healthcare infrastructure and favourable healthcare reimbursement policies are contributing to the growth of the market. The market in this region was valued at US$ 5,914.1 Mn in the year 2018. Cardiac patients have shifted their focus to preventive care. This rising shift is fueling demand for cardiac rhythm management devices. In addition to this, governments have made strict guidelines to install external defibrillators, especially in public places. Against this backdrop, the demand for cardiac rhythm management devices is increasing, which will in due course, drive the market.
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Technological Advancements in Cardiac Rhythm Management Devices
- New Product Launches by Key Players
- Regulatory Scenario for Key Countries
- Global Cardiac Rhythm Management Devices Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Cardiac Pacemakers
- Single Chamber Cardiac Pacemaker
- Dual Chmaber Cardiac Pacemaker
- Implantable Cardioverter Defibrillators (ICD)
- Single Chmaber ICD
- Dual Chamber ICD
- External Defibrillators
- Automated External Defibrillators
- Manual & Semi-Automatic External Defibrillators
- Wearable Defibrillators
- Cardiac Re-synchronization Therapy (CRT) Devices
- CRT- Pacemakers
- Market Analysis, Insights and Forecast – By End User
- Hospitals & Clinics
- Ambulatory Surgery Centers and Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Asia pacific
- Rest of the World
- Implantable Cardioverter Defibrillators (ICD)
- Cardiac Pacemakers
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- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Cardiac Rhythm Management Devices Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Cardiac Rhythm Management Devices Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Cardiac Rhythm Management Devices Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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