Cardiac Rhythm Management (CRM) Devices and Equipment Market Experiences Robust Growth

The cardiac rhythm management (CRM) devices and equipment market has witnessed substantial growth, with the market size projected to increase from $16.63 billion in 2023 to $17.95 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.9%. Further, the cardiac rhythm management (CRM) devices and equipment market is expected to continue its robust growth, reaching $23.47 billion by 2028, with a CAGR of 6.9%. Key drivers fueling this growth are outlined below.

Geriatric Population as a Growth Catalyst
The surge in the geriatric population, defined as individuals aged 65 and over, is a significant driver propelling the growth of the CRM devices and equipment market. With the rise in the elderly demographic, the incidence of cardiovascular diseases also increases, creating a higher demand for CRM devices. These devices play a crucial role in managing heart rhythm disorders, such as arrhythmias, thereby enhancing the quality of life for older adults. The Administration for Community Living reports that the older population in the United States reached 55.8 million in 2020 and is projected to reach 80.8 million by 2040 and 94.7 million by 2060.

Epidemic of Cardiovascular Diseases Boosts Demand
The increasing prevalence of cardiovascular diseases, including cardiac arrhythmia, ischemic heart disease, and hypertension, is a key driver for the CRM devices market. Sedentary lifestyles and medical conditions such as high cholesterol, high blood pressure, obesity, and diabetes contribute significantly to cardiovascular diseases.

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Innovative Leadless Pacemaker Enhances Patient Outcomes
Major companies in the CRM devices and equipment market are actively developing innovative products, such as single-chamber (VR) leadless pacemakers, to manage heart rhythm disorders and improve patient outcomes. The leadless pacemaker, implanted directly inside the heart's right ventricle through a minimally invasive procedure, eliminates the need for cardiac leads.

Revolutionizing CRM with Innovative Technologies
Technological advancements, such as subcutaneous implantable cardioverter-defibrillators (S-ICD) and leadless cardiac pacemakers (LCP), are revolutionizing cardiac rhythm management. The novel modular cardiac rhythm management (mCRM) system facilitates wireless intra-body communication between devices, coordinating leadless pacing and defibrillator therapy delivery.

Regional Insights
North America dominates the global CRM devices and equipment market, followed by Western Europe. The comprehensive market report encompasses regions such as Asia-Pacific, Eastern Europe, South America, Middle East, and Africa.

Market Segmentation
The CRM devices and equipment market covered in this report is segmented:
• By Product: Pacemakers, Defibrillators, Cardiac Resynchronization Therapy (CRT)
• By Application: Bradycardia, Tachycardia, Heart Failure, Other Applications
• By End User: Hospitals, Ambulatory Surgical Centers, Physicians Clinics
• Subsegment: CRT-Defibrillators (CRT-D), CRT-Pacemakers (CRT-P), Implantable Cardioverter Defibrillators, External Defibrillator, Implantable Pacemakers, External Pacemakers

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Cardiac Rhythm Management (CRM) Devices And Equipment Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Cardiac Rhythm Management (CRM) Devices And Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on cardiac rhythm management (CRM) devices and equipment market size, cardiac rhythm management (CRM) devices and equipment market drivers and trends, cardiac rhythm management (CRM) devices and equipment market major players, competitors' revenues, cardiac rhythm management (CRM) devices and equipment market size positioning, and cardiac rhythm management (CRM) devices and equipment market size growth across geographies. The cardiac rhythm management (CRM) devices and equipment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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