Cardiac Monitoring & Cardiac Rhythm Management Devices Market Size, Status and Precise Outlook- GE Healthcare, Boston Scientific, Medtronic, Philips Healthcare

The Cardiac Monitoring & Cardiac Rhythm Management Devices market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers detailed market analysis to provide a 360-degree research study on the global Cardiac Monitoring & Cardiac Rhythm Management Devices market. Some of the tools used for this are SWOT, PESTEL and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Cardiac Monitoring & Cardiac Rhythm Management Devices from 2021 till 2026

Cardiac Monitoring & Cardiac Rhythm Management Devices Market devices market is projected to reach USD 26.8 billion by 2025 from USD 22.1 billion in 2020, at a CAGR of 4.0% from 2020 to 2025.

Top leading Manufacturers Profiled in Cardiac Monitoring & Cardiac Rhythm Management Devices Market Report are:

BIOTRONIK, GE Healthcare, Boston Scientific, LivaNova, Cardiac Science, St. Jude Medical, Mortara Instrument, SCHILLER, Medtronic, Philips Healthcare

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North America dominated the cardiac rhythm management devices market and held the largest revenue share of 37.9% in 2020. This growth is due to various factors such as well-established healthcare infrastructure, increasing elderly population, rapid adoption of technologically advanced products (such as long battery life, biocompatible materials or miniaturization, and leadless), and increasing regulatory approvals. In Asia Pacific, the market for cardiac rhythm management devices is expected to witness a lucrative growth rate during the forecast period.

The COVID-19 pandemic has impacted all industries, including the market for cardiac rhythm management devices. For instance, Medtronic experienced a 12% decrease in its cardiac rhythm management devices segment in 2020, as compared to 2019. The decline was majorly experienced in ICDs, CRT-Ds, and pacemakers segments, among others. Such factors negatively affected the growth of the market for cardiac rhythm management devices during the COVID-19 pandemic.

Market News and Update-

October 14, 2020, Abbott Launches Next-Generation Heart Rhythm Management Devices in India

The company has introduced its new Implantable Cardioverter Defibrillator (ICD) and Cardiac Resynchronisation Therapy Defibrillator (CRT-D) devices for people with abnormal heart rhythms and heart failure, the drug major said in a statement.

-In 2020, Abbott Laboratories launched Gallant implantable cardioverter defibrillator (ICD) in Europe.

-In 2019, ZOLL Medical (an Asahi Kasei Group Company) acquired Cardiac Science, a leading provider of automated external defibrillators (AEDs), related services, and accessories. This acquisition strengthened ZOLL Medical’s position in the AED segment.

Global Cardiac Monitoring & Cardiac Rhythm Management Devices Market Split by Product Type and Applications:

Market Research Study Focus on these Types:

ECG Devices
Implantable Loop Recorder
Cardiac Output Monitoring
Event Monitors
Defibrillators
Pacemakers
Cardiac Resynchronization Therapy (CRT) Devices

Market Research Study Focus on these Applications:

Home and Ambulatory Care
Hospitals
Other

Regional Analysis for Cardiac Monitoring & Cardiac Rhythm Management Devices Market:

For a comprehensive understanding of market dynamics, the global Cardiac Monitoring & Cardiac Rhythm Management Devices market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

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Frequently Asked Questions about the Cardiac Monitoring & Cardiac Rhythm Management Devices market:

– What are the recent developments and government policies?
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– Which are the top Companies in the Cardiac Monitoring & Cardiac Rhythm Management Devices market?
– Which region would offer high growth for vendors in the market?

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Years considered for this report:
Historical Years: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2020-2025

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