Cardiac Monitoring and Cardiac Rhythm Management Devices Market Growth, Strategic Analysis, Future Scenarios and Forecast by 2029

Data Bridge Market Research analyses that the cardiac monitoring and cardiac rhythm management devices market to be grow at a CAGR of 4.45% in the forecast period of 2022-2029 and is expected to reach the USD 30.70 billion by 2029.
The heart's rhythm and function are controlled and managed with a cardiac rhythm management device. These devices are employed if the user has any arrhythmia-related disorders, such as cardiac arrests, heart failure, or cardiac arrhythmias. It is usually inserted near the heart in the chest cavity. These devices have primarily been employed for patients with cardiovascular disorders, as they aid in the normalization and management of heart function.
The rise in the prevalence of cardiovascular disorders will act as a major factor influencing the growth of cardiac monitoring and cardiac rhythm management devices market. Furthermore, increasing investments associated with the development of advanced technology, and rising sedentary lifestyle are the major drivers that will enhance the growth of cardiac monitoring and cardiac rhythm management devices market. Other significant factors such as growing geriatric population and increase in the incidences of infection will cushion the market growth rate. Another significant factor is the rising funds, investments and grants for research on cardiac monitoring and cardiac rhythm management devices will drive the market's growth rate.

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Global cardiac monitoring and cardiac rhythm management devices market is segmented on the basis of product type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Based on product type, the cardiac monitoring and cardiac rhythm management devices market is segmented into cardiac monitoring, and cardiac rhythm management (CRM). Cardiac monitoring segment is further sub-segmented into ECG, implantable loop recorders, COM, and event monitors. The ECG devices are classified on the basis of type and lead type. The segmentation of ECG devices on the basis of by type includes resting ECG, stress ECG and holter monitor. Holter monitor is further divided into wired and wireless. The segmentation of ECG devices on the basis of by lead type includes single-lead ECG devices, 3 to 6-lead ECG devices and 12-lead ECG devices. Cardiac rhythm management (CRM) segment is further sub-segmented into defibrillators, pacemakers, and cardiac resynchronization therapy. The defibrillators are further sub-segmented into implantable cardioverter defibrillators and external defibrillators. Implantable cardioverter defibrillators are divided into transvenous implantable cardioverter defibrillator, dual-chamber ICDs and single-chamber ICDs. External defibrillators are divided into manual external defibrillators, automated external defibrillators and wearable cardioverter defibrillator. Pacemakers are further sub-segmented on the basis of implantability, technology and type. On the basis of implantability, pacemakers are divided into implantable pacemakers and external pacemakers. By technology pacemakers are divided into dual-chamber pacemakers and single-chamber pacemakers. By type the pacemakers are divided into traditional pacemakers and remote pacemakers. Cardiac resynchronization therapy devices are further sub-segmented into cardiac resynchronization therapy defibrillators and cardiac resynchronization therapy pacemakers.

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