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.
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Some of the Main Key Players Covered in the Cardiac Rhythm Management Devices Market Report
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Medtronic Tops Among Other Companies Owing to its Robust Product Portfolio
Physio Control, Cardiac Science, Medtronic, Stryker, CU Medical Systems Inc., Defibtech, LLC., Abbott, Boston Scientific Corporation, MicroPort, BIOTRONIK, and LivaNova PLC are some of the leading players operating in the global cardiac rhythm management devices market. Among these companies, Medtronic is leading the global implantable cardioverter defibrillator market and accounts for a major share in the global pacemaker market.
The wide array of product offerings and their availability are factors responsible for the company’s leading position. These factors, together with the company’s strong customer base, will help the company to emerge dominant during the forecast period. Medtronic together with Boston Scientific Corporation currently holds over half of the share in the global market.
Key Segmentation of Cardiac Rhythm Management Devices Market:
CRM Devices Market Segments by Product
CRM Devices Market Segments by End User
CRM Devices Market Segments by Geography
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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.
Some major points from Table of Content:
1. Introduction
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
5.2.1.1 Single Chamber Cardiac Pacemaker
5.2.1.2 Dual Chamber Cardiac Pacemaker
5.2.2 Defibrillators
5.2.2.1 Implantable Cardioverter Defibrillators (ICD)
5.2.2.1.1 Single Chmaber ICD
5.2.2.1.2 Dual Chamber ICD
5.2.2.2 External Defibrillators
5.2.2.2.1 Automated External Defibrillators
5.2.2.2.2 Manual and Semi-Automatic External Defibrillators
5.2.2.2.3 Wearable Defibrillators
5.2.3 Cardiac Re-synchronization Therapy (CRT)Devices
5.2.3.1 CRT- Pacemakers
5.2.3.2 CRT-Defibrillators
5.3. Market Analysis, Insights and Forecast By End User
5.3.1 Hospitals and Clinics
5.3.2 Ambulatory Surgery Centers and Others
5.4. Market Analysis, Insights and Forecast By Region
5.4.1 North America
5.4.2 Europe
TOC Continued…!
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