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Cardiac Rhythm Management Devices Market Share, Size, Industry Growth Rate, Development Status and Regional Trends Forecast to 2019-2024

Cardiac Rhythm Management Devices

The “Cardiac Rhythm Management Devices Market” report 2019 delivers up-to-date information about market changes and prospective threats, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. Moreover, it focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

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Market Overview:

  • The cardiac rhythm management devices market is expected to witness a CAGR of 4.8% during the forecast period. Certain factors that are driving the market growth include the increasing prevalence of cardiovascular disorders, technological advancements, a rise in the use of ambulatory and home services for cardiac monitoring, and favorable reimbursement policies.
  • The increasing instance of cardiovascular disorders is one of the foremost factors driving the cardiac rhythm management devices market. According to the World Health Organization (WHO), globally, cardiovascular diseases account for more than 30% of deaths. Also, nearly 33.5 million people, globally, are suffering from atrial fibrillation (AFib), which is the most common type of serious arrhythmia. With the rise in the aging population in America and Europe, a number of patients suffering from heart rhythm disorders are likely to witness an increase and this is a cause for concern.
  • However, the therapeutic radiation used in cancer treatment can influence the operation of a patient with implantable cardiac rhythm devices. The implantable device technology uses complementary metal-oxide-semiconductor (CMOS) which are vulnerable to damage by the therapeutic doses of radiation, but it can vary according to the type of device in use. This factor is one of the major factors that limits the scope of using cardiac rhythm management devices, as the implants are highly sensitive and their malfunctioning may have serious consequences. On the other hand, the high cost of these devices with limited insurance coverage is limiting the growth of the market.

    Top Key Players of Cardiac Rhythm Management Devices Market Are:

  • Abbott
  • Abiomed
  • Biotronik SE & Co KG
  • Boston Scientific Corporation
  • Koninklijke Philips NV
  • LivaNova Plc
  • Medtronic PLC
  • SchillerAG
  • Shenzhen Mindray Biomedical Electronics Co., Ltd
  • Zoll Medical Corporation

    Reasons to buy:

    • In-depth analysis of the market on the global and regional level.
    • Major changes in market dynamics and competitive landscape.
    • Segmentation on the basis of type, application, geography and others.
    • Historical and future market research in terms of size, share, growth, volume & sales.
    • Major changes and assessment in market dynamics & developments.
    • Industry size & share analysis with industry growth and trends.
    • Emerging key segments and regions
    • Key business strategies by major market players and their key methods.
    • The research report covers size, share, trends and growth analysis of the Cardiac Rhythm Management Devices Market on the global and regional level.

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    Scope of the Report:

  • Cardiac rhythm management is a part of electrophysiology, which is used to manage the functioning of the heart. The last decade has observed an ongoing evolution and the use of cardiac rhythm management devices, including cardiac resynchronization therapy, pacemakers, implantable cardioverter defibrillators, and loop recorders. General practitioners (GP) are increasingly involved in the follow-up and management of patients with these devices.

    Cardiac Rhythm Management Devices market covers the outlook for overall market status, size and share. The report provides complete coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. Cardiac Rhythm Management Devices market report also presents the market competition landscape and a corresponding detailed analysis of the major vendor in the market. 

    Key Market Trends:

    Defibrillator is Expected to Hold the Largest Market Share in the Product Type

    As per the American Heart Association (AHA), survival from cardiac arrest got doubled when bystanders used a publicly-available automated external defibrillator (AED) rather than just wait until emergency responders arrived. Bystanders used an AED in 18.8% of such cases. Cardiac arrest victims who received a shock from a publicly-available AED had far more chances of survival and being discharged from the hospital than those who did not, accounting for 66.5% versus 43%. Therefore, it has been estimated that about 1,700 lives are saved in the United States every year by bystanders using a defibrillator. This indicates that the usage of defibrillators has experienced a significant rise, globally, over the recent years.

    North America Dominates the Market and Expected to do Same in the Forecast Period

    North America is expected to have the largest market share for cardiac rhythm management, due to the developed healthcare infrastructure, government initiatives, and rising incidence of arrhythmias demanding more cardiac implants. According to a report by the US CDC, more than 75,000 hospitalizations are attributed to atrial fibrillation. Also, it is highlighted that a large part of the American population suffers from atrial fibrillation. Therefore, it is expected to rise further in the forecast period.

    Asia-Pacific is another region with high potential for this market, due to the rising healthcare expenditure by the government, the increasing the prevalence of cardiac disorders and the growing per capita income of the population in the South Asian countries.

    Cardiac Rhythm Management Devices Market Report contents include:

    – Analysis of the Cardiac Rhythm Management Devices market including revenues, future growth, market outlook

    – Historical data and forecast

    – Regional analysis including growth estimates

    – Analyzes the end user markets including growth estimates.

    – Profiles on Cardiac Rhythm Management Devices including products, sales/revenues, and market position

    – Market structure, market drivers and restraints.

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    Detailed TOC of Cardiac Rhythm Management Devices Market Report Are:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Prevalence of Cardiovascular Disorders
    4.2.2 Technological Advancements
    4.2.3 Rise in the Use of Ambulatory and Home Servies for Cardiac Monitoring
    4.2.4 Favorable Reimbursement Policies
    4.3 Market Restraints
    4.3.1 Effects of Therapeutic Radiation on Implantable Cardiac Rhythm Devices
    4.3.2 High Cost of Devices
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Product
    5.1.1 Defibrillators
    5.1.1.1 Implantable Cardioverter Defibrillators (ICDS)
    5.1.1.1.1 Subcutaneous ICD (S-ICD)
    5.1.1.1.2 Transvenous ICD (T-ICD)
    5.1.1.2 External Defibrillators (ED)
    5.1.1.2.1 Manual External Defibrillators (MEDS)
    5.1.1.2.2 Automated External Defibrillators (AEDS)
    5.1.2 Pacemakers
    5.1.2.1 Implantable Pacemakers (ICPS)
    5.1.2.2 External Pacemakers
    5.1.3 Cardiac Resynchronization Therapy Devices
    5.1.3.1 Cardiac Resynchronization Therapy Defibrillators (CRT-D)
    5.1.3.2 Cardiac Resynchronization Therapy Pacemakers (CRT-P)
    5.2 Geography
    5.2.1 North America
    5.2.1.1 US
    5.2.1.2 Canada
    5.2.1.3 Mexico
    5.2.2 Europe
    5.2.2.1 Germany
    5.2.2.2 UK
    5.2.2.3 France
    5.2.2.4 Italy
    5.2.2.5 Spain
    5.2.2.6 Rest of Europe
    5.2.3 Asia-Pacific
    5.2.3.1 China
    5.2.3.2 Japan
    5.2.3.3 India
    5.2.3.4 Australia
    5.2.3.5 South Korea
    5.2.3.6 Rest of Asia-Pacific
    5.2.4 Middle East & Africa
    5.2.4.1 GCC
    5.2.4.2 South Africa
    5.2.4.3 Rest of Middle East & Africa
    5.2.5 South America
    5.2.5.1 Brazil
    5.2.5.2 Argentina
    5.2.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Abbott
    6.1.2 Abiomed
    6.1.3 Biotronik SE & Co KG
    6.1.4 Boston Scientific Corporation
    6.1.5 Koninklijke Philips NV
    6.1.6 LivaNova Plc
    6.1.7 Medtronic PLC
    6.1.8 SchillerAG
    6.1.9 Shenzhen Mindray Biomedical Electronics Co., Ltd
    6.1.10 Zoll Medical Corporation

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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