Cardiac Rhythm Management Devices Market is estimated to surpass US$ 35 Billion And expected to witness a CAGR of 7.5% over the forecast period 2022 To 2028 | Medtronic plc. Abbott Laboratories

Overview:

Global Cardiac Rhythm Management Devices Market, By End User (Ambulatory Surgical Centers, Hospitals, and Home Care Settings), By Product Type (Cardiac Resynchronization Therapy Devices, Defibrillator, and Pacemakers), and by Region (North America, Africa, Asia Pacific, Middle East, Latin America, and Europe) and is approximated to have a market valuation of US$ 19.05 billion in 2017 and is anticipated to manifest a CAGR of 7.5% over the forecast period of 2018-2026, as mentioned in a new report published by Coherent Market Insights.

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Market Drivers:

The growing rate of cardiovascular diseases such as hypertension, cardiac arrhythmia, and ischemic heart conditions had anticipated fuelling the global cardiac rhythm management devices market growth. Based on the report published in 2015 by the World Health Organization, cardiovascular diseases were going to be the prime reason for global casualties estimated at almost 17.7 million casualties.

Likewise, technical improvements in cardiac rhythm management devices stand the prime development rendering aspect for the sector. For instance, the high demand the developed technologies in cardiac pacemakers such as MRI safe-pacemakers and long battery-powered pacemakers, hinder the advancements of the persistent atrial fibrillation (AF) in bradycardia patients. These developments are on the verge of market growth and had anticipated driving the global cardiac rhythm management devices market.

Furthermore, the launch of portable technology in cardiac rhythm management devices had predicted to drive market development. The remote and portable technology contains screened follow-up feature, in which data can occasionally be downloaded from the instrument, either via patient interchange with a transmitter or automatically without patient. The technology permits the medical professional for performing systematic routine patient check-ups remotely.

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Market Restraints:

Even though the global cardiac rhythm diseases market is on the verge of explosion, the infections caused due to implantable pacemakers in cardiac patients can diagnose by utilizing the products. Various regional manufacturers had suffered from product-related market risks. For instance, based on the data findings of Medtronic, the ICD implant risks consist of infection at the surgical spot, failure of treatment results, and demand for additional treatment. Furthermore, after ICD, the patient will display some indications regarding electromagnetic and magnetic radiation along with gas or electric-powered instruments.

Regional Insights:

The North American market had anticipated having the prime role in the global cardiac rhythm management devices market in the predicted time, due to the growing majority of cardiovascular diseases in the province.

Based on the report published in 2017 by the American Heart Association (AHA), in the American market, almost 92.1 million adults were diagnosed with some kind of cardiovascular disease or the after-effects of stroke. The report indicates the direct and indirect expenditure of cardiovascular disorders and stroke had anticipated costs of US$ 316 billion, due to health expenditures and lost productivity.

The regional market of the Asia Pacific province had anticipated witnessing a significant boost in the upcoming period, due to the elevated need for technologically progressive products for cardiac rhythm management associated with increasing healthcare situation for stroke deterrence linked with atrial fibrillation. Based on the report published in 2017 by the Japanese Heart Rhythm Society, atrial fibrillation (AF) among Asian patients is supposed to reach 72 million by 2050, among them, almost 2.9 million cases are of AF-related strokes.

Competitive Landscape:

Major organizations working in the global cardiac rhythm management devices market contain Koninklijke Philips N.V., Schiller Ag, Abiomed, Zoll Medical Corporation, Medtronic plc., Boston Scientific Corporation, LivaNova Plc, Biotronik Se Co Kg, Abbott Laboratories, and Cardiac Science Corporation.

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Reasons to Purchase This Report

• Current and future of Cardiac Rhythm Management Devices Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Table of Contents

1. Research Objective and Assumption
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Overview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snippet, By Product Type
     • Market Snippet, By End User
     • Market Snippet, By Region
   • Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Impact Analysis
   • Market Trends
   • New Product Launches and Approvals
   • Technological Advancements
   • Regulatory Landscape
   • Reimbursement Scenario
     • North America
     • Europe
     • Asia Pacific
   • Epidemiology Analysis
   • PEST Analysis
   • Porter’s Analysis
4. Global Cardiac Rhythm Management Devices Market, By Product Type, 2018 – 2026, (US$ Million)
   • Introduction
     • Market Share Analysis, 2018 and 2026 (%)
     • Y-o-Y Growth Analysis, 2017 – 2026
     • Segment Trends
   • Cardiac Resynchronization Therapy Devices
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
       • Cardiac Resynchronization Therapy Defibrillators (CRT-D)
       • Cardiac Resynchronization Therapy Pacemakers (CRT-P)
   • Defibrillator
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
       • Implantable Cardioverter Defibrillators (ICDS)
       • External Defibrillators
   • Pacemakers
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
       • Single Chamber Pacemakers
       • Dual Chamber Pacemakers
       • Biventricular Pacemakers
5. Global Cardiac Rhythm Management Devices Market, By End User, 2018 – 2026, (US$ Million)
   • Introduction
     • Market Share Analysis, 2018 and 2026 (%)
     • Y-o-Y Growth Analysis, 2017 – 2026
     • Segment Trends
   • Hospitals
     •  Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
   • Home Care Settings
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
   • Ambulatory Care Settings
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
6. Global Cardiac Rhythm Management Devices Market, By Region, 2018 – 2026, (US$ Million)
   • Introduction
     • Market Share Analysis, By Region, 2018 and 2026 (%)
     • Y-o-Y Growth Analysis, By Region, 2016 – 2026
     • Regional Trends
   • North America
     • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
     • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
     • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
       • U.S.
       • Canada
   • Europe
     • U.K.
     • Germany
     • Italy
     • France
     • Spain
     • Russia
     • Rest of Europe
   • Asia Pacific
     • China
     • Japan
     • India
     • ASEAN
     • Australia
     • South Korea
     • Rest of Asia Pacific
   • Latin America
     • Brazil
     • Mexico
     • Argentina
     • Rest of Latin America
   • Africa
     • Northern Africa
     • Central Africa
     • South Africa
   • Middle East
     • GCC Countries
     • Israel
     • Rest of Middle East