Cardiac rhythm management devices are implantable devices used for cardiac resynchronization to patients suffering from cardiac arrhythmias. The demand for such devices has risen over the years due to increased reported cases of cardiovascular diseases (CVDs). According to WHO, more than 17.7 million people died from CVDs in 2015 representing 31% of all global deaths. With the number of people suffering from arrhythmias is expected to grow, the requirement for such devices is expected to expand multi-fold.
The major growth drivers of the Global Cardiac Rhythm Management Devices Market are technological developments, rising geriatric population, increased patient awareness and prevalence of heart diseases due to obesity and improper lifestyle.
However, parallel factors like shortage of skilled professionals such as technicians and the high cost of devices restrain the growth of the market.
Rising number of cardiac patients in emerging economies together with the commoditization of cardiac rhythm management devices for large-scale use provide opportunities for market players.
The market is segmented based on the product, into defibrillators, pacemakers and cardiac resynchronization therapy (CRT)devices. Each of these is divided into sub-segments. Pacemakers can be either implantable or external. CRT can be of type CRT-P(with pacemaker function) or CRT-D(with pacemaker and ICD functions). Similarly, defibrillators can be either implantable or external. Among the broad segments, defibrillators segment is expected to account for the largest share during the forecast period.
In terms of geography, Cardiac Rhythm Management Devices Market is divided into North America, Europe, Asia-Pacific and LAMEA(Latin America, Middle East & Africa). North America has the major share of the market while Asia-Pacific is expected to be the fastest growing during the forecasted years.
Some of the major players in the market include Medtronic, St. Jude Medical (Abbott), Boston Scientific, Biotronik, LivaNova (Sorin), Medico, IMZ, Pacetronix, Qinming Medical and Cardioelectronica. Medtronic leads the market in terms of market share.
The report contains comprehensive analysis on:
Global Cardiac Rhythm Management Devices Market Segments
Global Cardiac Rhythm Management Devices Market Drivers, Restraints and Opportunities
Global Cardiac Rhythm Management Devices Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Cardiac Rhythm Management Devices Market Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
Regional analysis for Global Cardiac Rhythm Management Devices Market includes
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
In-depth Market Segmentation
Historical and Projected Market Sizing in terms of volume and value
Recent market trends and Impact Factors
R&D Status and Technology Overview
Extensive Industry Structure Coverage
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