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Cardiac Rhythm Management (CRM) Devices And Equipment Market 2020-2030 | Industry Report, Industry Analysis, Key Players, Trends, Revenue, Regional Segmented and Forecast
The Business Research Company offers "Cardiac Rhythm Management (CRM) Devices And Equipment Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.The global cardiac rhythm management (crm) devices and equipment market is expected to decline from $10.1 billion in 2019 to $8.2 billion in 2020 at a compound annual growth rate (CAGR) of -19.1%. The decline is mainly because of the lockdown measures due to the COVID-19 outbreak. The decrease in the demand for cardiovascular devices due to decreased number of cardiac surgeries for reasons such as re-scheduling of surgeries, cancellations and no-show by patients, coupled with the restrictions by government and health authorities to shutdown factories manufacturing these devices to contain the spread of virus and keep the staff safe, contribute to this decline. The market is then expected to recover and grow at a CAGR of 5.1% from 2021 and reach $12.5 billion in 2023.
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The cardiac rhythm management (CRM) devices and equipment market comprises of sales of devices that are effective in managing and restoring the heart’s normal function or rhythm. These devices are used to treat and manage arrhythmia-related diseases such as cardiac arrests, heart failure, or cardiac arrhythmias.
The rising incidences of cardiovascular diseases such as cardiac arrhythmia, ischemic heart disease, and hypertension is driving the CRM devices market. Sedentary lifestyles and medical conditions such as high cholesterol, high blood pressure, obesity and diabetes are major causes of cardiovascular diseases. According to the World Health Organization, in 2016, an estimated 17.9 million people died due to cardiovascular diseases accounting for 31% of all global deaths. Most of these deaths occur due to heart attacks and strokes. As more people suffer from cardiovascular diseases, the demand for cardiac rhythm management and devices is expected to increase.
Cardiac Rhythm Management Devices And Equipment Market Segmentation: -
By Product
Pacemakers
Defibrillators
Cardiac Resynchronization Therapy (CRT)
By End User
Hospitals
Ambulatory surgical centers
Physicians Clinics
By Application
Bradycardia
Tachycardia
Heart Failure
Others
By Pacemakers
Implantable Pacemakers
External Pacemakers
By Defibrillators
Implantable Cardioverter Defibrillators
External Defibrillator
By Cardiac Resynchronization Therapy (CRT)
CRT-Defibrillators (CRT-D)
CRT-Pacemakers (CRT-P)
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Few Points From Table Of Content
1. Executive Summary
2. Cardiac Rhythm Management Devices And Equipment Market Characteristics
3. Cardiac Rhythm Management Devices And Equipment Market Size And Growth
4. Cardiac Rhythm Management Devices And Equipment Market Segmentation
5. Cardiac Rhythm Management Devices And Equipment Market Regional And Country Analysis
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.
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25. Cardiac Rhythm Management Devices And Equipment Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Cardiac Rhythm Management Devices And Equipment Market
27. Cardiac Rhythm Management Devices And Equipment Market Trends And Strategies
28. Cardiac Rhythm Management Devices And Equipment Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Cardiac Rhythm Management Devices And Equipment Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Cardiac Rhythm Management Devices And Equipment Market are Abbott, Medtronic , Biotronik, Cardiac Science Corporation, Schiller AG, Hill-Rom Holdings, Inc., GE Healthcare
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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