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Cardiac Rhythm Management Devices Market - Growth Opportunities Created by Covid19 Outbreak. Prominent Players : Medtronic , Boston Scientific , Biotronik , Philips Healthcare SL , Defibtech LLC. , Cardiac Science , Stryker , Medical System , LivaNova , A

06-08-2020 08:11 PM CET | Health & Medicine

Press release from: Fortune Business Insights

Cardiac Rhythm Management Devices Market

Cardiac Rhythm Management Devices Market

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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https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cardiac-rhythm-management-crm-devices-market-100679

The report covers :
o Global Cardiac Rhythm Management Devices Market trends, with detailed analysis on consumer trends & manufacturer trends.
o Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
o Key areas of investments identifying market opportunities and challenges in forecast time frame.
o Competitive analysis of the industry players along with the overview on strategic management.
o Comprehensive company profiles of the major industry players.

An Overview of the Impact of COVID-19 on this Market :
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of corona virus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this [Market].

Please visit : https://www.fortunebusinessinsights.com/industry-reports/cardiac-rhythm-management-crm-devices-market-100679

Leading Players operating in the Cardiac Rhythm Management Devices Market are :

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
• Medtronic
• Boston Scientific
• Biotronik
• Philips Healthcare SL
• Defibtech, LLC.
• Cardiac Science
• Stryker
• Medical System
• LivaNova
• Abbott
• Microport

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.
The market in Asia Pacific is expected to grow considerably during the forecast years. This is mainly attributable to the rising penetration of health insurance across developing countries.

Defibrillators Register Strong Growth than Other Products
Among different products, the market will witness strong demand for defibrillators in the global market during the forecast period. In 2018, they covered a share of 49.0% in the global cardiac rhythm management devices market. These are generally used to treat out-of-hospital cardiac arrests and arrhythmia. Under defibrillators, implantable cardioverter defibrillator (ICD) are preferred over external defibrillators.
Moreover, physicians also recommend this type of defibrillator as they have the ability to effectively deliver electric shocks for the restoration of a heartbeat. On the other hand, the installation of the external defibrillator is increasing in developed and developing nations with the growing incidence of out-of-hospital cardiac arrests. Governments in some countries have passed a mandate to install external defibrillators at public places. The objective is to have easy access to cardiac patients.

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 globalimplantable 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.
Increasing Awareness About Cardiac Management Devices Propels Growth in the Market
“Several developing economies are witnessing massive demand for implantable cardiac rhythm devices owing to the rising awareness about different products among the population,” said a lead analyst at Fortune Business Insights. “This, coupled with rising disposable income, act as potential growth enablers in the market,” he added.

As per a study conducted by the European Cardiac Society, it was found that certain Western European countries registered an implantation rate of over 1000 units per million populations. The increasing adoption of implants especially in emerged countries represents a rising preference of cardiac rhythm management devices amongst the population.
The rapid adoption of a sedentary lifestyle among the population can lead to increasing number of cardiac arrests, which in turn, is another factor driving the market.
Among end-users, the demand for cardiac monitoring devices is likely to increase across hospitals, clinics, ambulatory surgery centers and others.

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Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights(TM) we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges

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