Global Cardiac Rhythm Management (CRM) Devices And Equipment Market Outlook, Opportunities And Strategies
Learn about the global cardiac rhythm management (CRM) devices and equipment market through The Business Research Company, which provides information on CRM devices and equipment market size, CRM devices and equipment market drivers and restraints, CRM devices and equipment market players, the COVID-19 impact on the CRM devices and equipment market, and more.
The global cardiac rhythm management devices and equipment market size is expected to grow from $13.81 billion in 2021 to $15.11 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The global CRM devices and equipment size is expected to grow to $20.82 billion in 2026 at a CAGR of 8.3%.
The rising incidences of cardiovascular diseases such as cardiac arrhythmia, ischemic heart disease, and hypertension is driving the CRM devices market.
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The cardiac rhythm management (CRM) devices and equipment market comprise sales of devices that are effective in managing and restoring the heart’s normal function or rhythm. These devices are used to treat and manage arrhythmia-related diseases such as cardiac arrests, heart failure, or cardiac arrhythmias.
Global Cardiac Rhythm Management (CRM) Devices And Equipment Market Segments Include:
By Product: Pacemakers, Defibrillators, Cardiac Resynchronization Therapy (CRT)
By End-User: Hospitals, Ambulatory Surgical Centres, Physicians Clinics
By Application: Bradycardia, Tachycardia, Heart Failure, Others
By Pacemaker: Implantable Pacemakers, External Pacemakers
By Defibrillator: Implantable Cardioverter Defibrillators, External Defibrillator
By Cardiac Resynchronization Therapy (CRT): CRT-Defibrillators (CRT-D), CRT-Pacemakers (CRT-P)
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. North America was the largest region in the cardiac rhythm management devices and equipment market in 2021.
Technologies such as subcutaneous implantable cardioverter-defibrillator (S-ICD) and leadless cardiac pacemakers (LCP) are being developed to overcome complications with transvenous lead and other CRM devices. The novel modular cardiac rhythm management (mCRM) system allows for the coordination of leadless pacing and defibrillator therapy delivery by providing wireless intra-body communication between devices. This communication is possible by a combination of anti-tachycardia pacing-enabled LCP and S ICD.
TBRC’s cardiac rhythm management (CRM) devices and equipment market report covers:
Major Market Players: Abbott, Medtronic, Biotronik, Cardiac Science Corporation, Schiller AG, Hill-Rom Holdings Inc, GE Healthcare, Integer, Biotelemetry, and Neovasc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Cardiac Rhythm Management (CRM) Devices And Equipment Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides cardiac rhythm management (CRM) devices and equipment market overviews, analyzes and forecasts market size, share, CRM devices and equipment market players, CRM devices and equipment market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s cardiac rhythm management (CRM) devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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