Global Cardiac Rhythm Management Market, By Product type (Defibrillators ( Implantable Cardioverter Defibrillators (ICDS), External Defibrillators), Pacemakers (by Implantability (Implantable Cardiac Pacemaker, External Cardiac Pacemaker), by Technology (Dual-Pacemaker, Single-Chamber, Bi-Ventricular), Cardiac Resynchronization Therapy Devices (Cardiac Resynchronization Therapy Defibrillators (CRT-D), Cardiac Resynchronization Therapy Pacemakers (CRT-P)), by End user (Hospitals, Ambulatory surgical centers), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) - Industry Trends and Forecast to 2024
The cardiac rhythm management market accounted to USD 21.2 billion in 2016 growing at a CAGR of 5.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Cardiac Rhythm Management Market - Market Definition:
Cardiac rhythm management includes implantable devices, leads and accessories as well as external devices to treat and manage arrhythmia-related diseases to help patients improve their health status. Cardiac arrhythmias are a group of cardiac disorders causing irregular heartbeats due to interference with the electrical activity in the atria or upper chambers of the heart.
Global Cardiac Rhythm Management Market - Major Market Drivers And Restraints:
- Increasing Worldwide Incidence of Cardiovascular Diseases
- Increasing reimbursement for implantation of pacemaker
- Rising Geriatric Population
- Technological advancements in cardiac pacemaker
Global Cardiac Rhythm Management Market - Market Segmentation:
By product type the market for cardiac rhythm management is segmented into Defibrillators and Pacemakers. The Defibrillators segment is further sub segmented into Implantable Cardioverter Defibrillators (ICDS), External Defibrillators. The Pacemakers segment is further sub segmented into by Implantability (Implantable Cardiac Pacemaker, External Cardiac Pacemaker), by Technology (Dual-Pacemaker, Single-Chamber, Bi-Ventricular). The Cardiac Resynchronization Therapy Device segment is further sub segmented into Cardiac Resynchronization Therapy Defibrillators (CRT-D), Cardiac Resynchronization Therapy Pacemakers (CRT-P).
On the basis of end-user the market is segmented into Hospitals and Ambulatory surgical centers.
On the basis of geography, cardiac pacemakers market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Global Cardiac Rhythm Management Market - Competitive Analysis:
The cardiac rhythm management market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cardiac pacemakers market for global, Europe, North America, Asia Pacific and South America.
Global Cardiac Rhythm Management Market - Major Market Competitors:
Some of the major players operating in cardiac rhythm management market are Medtronic PLC , St. Jude Medical, Inc. , Boston Scientific Corporation, GE Healthcare , Philips Healthcare , Biotronik Se & Co., Kg, Cardiac Science Corporation , Livanova PLC , Mortara Instrument, Inc., Schiller AG among others.
Global Cardiac Rhythm Management Market - Research Methodology:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.