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Implantable Cardiac Rhythm Management Market 2020 to Witness Massive Growth || Top Growing Companies are Boston Scientific, Biotronik, Integer Holdings, Medtronic, Abbott, MicroPort Scientific, Koninklijke Philips N.V., NIHON KOHDEN CORPORATION
Implantable Cardiac Rhythm Management Market
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With the use of integrated approaches and latest technology for the best results, Implantable Cardiac Rhythm Management Market research report is generated. Experienced and innovative industry experts estimate strategic options, figure out winning action plans and help out businesses make critical bottom-line decisions. This market report is a great source of notable data, present market trends, future events, market environment, technological innovation, imminent technologies & the technical development in the Healthcare industry. Implantable Cardiac Rhythm Management Market report is an excellent resource that provides current as well as upcoming technical & financial details of the industry to 2026.
Global implantable cardiac rhythm management market is expected to rise to an estimated value of USD 19.86 billion by 2026 registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to major manufacturers focusing on technological innovations to enhance the battery lives of these products.
Few of the major competitors currently working in the global implantable cardiac rhythm management market are Boston Scientific Corporation; Biotronik; Integer Holdings Corporation; Medtronic; Abbott; MicroPort Scientific Corporation; Koninklijke Philips N.V.; ZOLL Medical Corporation; ABIOMED; Berlin Heart; Jarvik Heart, Inc. and NIHON KOHDEN CORPORATION, among others.
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Market Definition: Global Implantable Cardiac Rhythm Management Market
Implantable CRM (Cardiac Rhythm Management) are the devices that are implanted/inserted inside the patient to manage and continuously monitor the status of heart of patients, preventing from any life- threatening effects in patients such as failure of cardiac systems. These devices help in temporary pacing of the heart, managing the optimal heart rate till the patient is stabilized and other applications.
Segmentation: Global Implantable Cardiac Rhythm Management Market
Implantable Cardiac Rhythm Management Market : By Product
Pacemaker
Implantable Cardioverter-Defibrillators (ICDs)
Cardiac Resynchronization Therapy (CRT)
Implantable Loop Recorder
Implantable Cardiac Rhythm Management Market : By End-User
Hospitals
Specialty Cardiac Centers
Others
Implantable Cardiac Rhythm Management Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Implantable Cardiac Rhythm Management Market : Drivers
Growing levels of geriatric population globally which are more prone to suffer from cardiac conditions is expected to positively affect the growth of the market
Changes in lifestyle resulting in greater consumption of alcohol, smoking with reduced physical activity resulting in the population being more prone to cardiac disorders; this factor is expected to positively affect the growth of the market
Increasing prevalence of encouraging reimbursement scenarios regarding the treatment of cardiac disorders; this factor is expected to foster growth of the market
Key Developments in the Implantable Cardiac Rhythm Management Market :
In April 2018, MicroPort Scientific Corporation announced that they had completed the acquisition of LivaNova PLC’s “Cardiac Rhythm Management” operations. The business division will be rebranded as “Microport CRM”, operating as a stand-alone establishing the operations as the fifth largest dealing in CRM (Cardiac Rhythm Management) globally.
In June 2017, Koninklijke Philips N.V. announced that they had agreed to merge with “The Spectranetics Corporation”. This acquisition will further enhance the reputation and capabilities of Philips’ “Image-Guided Therapy” operations. This will also further develop more advanced innovation capabilities at the disposal of Philips as they look to expand their footprint in the healthcare industry.
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