Emerging Cardiac Rhythm Management (CRM) Devices And Equipment Market Trend 2025-2034: Innovative Leadless Pacemaker Advancing Crm Devices Market

How Is the Cardiac Rhythm Management (CRM) Devices And Equipment Market Projected to Grow, and What Is Its Market Size?
In the last few years, the cardiac rhythm management (CRM) devices and equipment market has experienced robust growth. It is projected to grow from a market size of $16.05 billion in 2024 to $17.15 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this growth during the historic period include the prevalence of arrhythmias, technological improvements, an aging population, and management of chronic diseases.

The market size for cardiac rhythm management (CRM) devices and equipment is projected to experience robust expansion in the immediate future. The market is predicted to reach $21.73 billion by 2029, rising at a compound annual growth rate (CAGR) of 6.1%. The expected growth in the forecast period is likely due to personalised medicine, the integration of telehealth, technological advancements, and global healthcare accessibility. The expected market trends for the forecast period include leadless CRM devices, biodegradable devices, remote patient monitoring, and combination therapies.

What Are the Key Drivers Behind the Growth of the Cardiac Rhythm Management (CRM) Devices And Equipment Market?
The growth of the cardiac rhythm management (CRM) devices and equipment market is anticipated to be influenced by the increasing elderly population. This refers to individuals who are 65 years old or more. As this demographic grows, so does the prevalence of cardiovascular diseases, which subsequently boosts the demand for CRM devices. These devices are integral in managing cardiac rhythm disorders such as arrhythmias and thus enhance the quality of life amongst the elderly. For instance, data from the Administration for Community Living, a US government department, reveals that the elderly population achieved a figure of 55.8 million in 2021, projected to rise to 80.8 million by 2040 and 94.7 million by 2060. Therefore, the expanding elderly population is a significant driver for the growth of the cardiac rhythm management (CRM) devices and equipment market.

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Who Are the Major Industry Players Fueling Cardiac Rhythm Management (CRM) Devices And Equipment Market Expansion?
Major companies operating in the cardiac rhythm management (CRM) devices and equipment market include Abbott Laboratories, Medtronic plc, Biotronik SE & Co KG, Cardiac Science Corporation, Schiller AG, Hill-Rom Holdings Inc., GE Healthcare, Integer Holdings, Neovasc Inc., Philips Healthcare, Stryker Corporation, Rochling Medical, CCC Medical Devices, LivaNova plc, ZOLL Medical Corporation, Koninklijke Philips N.V, Applied Cardiac System, Cook Medical, Abiomed Inc., Berlin Heart GmbH, Brotionik SE and Co. KG, Jarvik Hearth Inc., MicroPort Scientific Corp, ReliantHeart Inc., Shree Pacetronix Ltd., Shaanxi Qinming Medical Instrument Co. Ltd., AtriCure Inc., Boston Scientific Corporation, Edwards Lifesciences Corporation, ProgettiSrl

Which Key Developments Are Influencing the Cardiac Rhythm Management (CRM) Devices And Equipment Market?
In the cardiac rhythm management (CRM) devices and equipment market, top-rated companies are pushing innovation forward with the creation of novel products like the single-chamber (VR) leadless pacemaker. This innovation targets heart rhythm disorders and amplifies patient recovery rates. This pioneering pacemaker model can be directly inserted into the right ventricle of the heart through a minimally invasive procedure, thereby eliminating the need for cardiac leads. For example, in April 2022, US medical device company, Abbott Laboratories, secured FDA approval for their Aveir single-chamber (VR) leadless pacemaker, a breakthrough in the treatment of slow heart rhythm patients. With its advanced technology, the device provides comprehensive patient health data and heart activity report, crucial for effective treatment planning and enhancing patient recovery rates. The software for the Aveir VR leadless pacemaker has been developed with an expandable structure that can be upgraded to a dual-chamber system, offering more treatment alternatives for patients in the future.

How Is the Segmentation of the Cardiac Rhythm Management (CRM) Devices And Equipment Market Defined?
The cardiac rhythm management (CRM) devices and equipment market covered in this report is segmented -

1) By Product: Pacemakers, Defibrillators, Cardiac Resynchronization Therapy (CRT)
2) By Application: Bradycardia, Tachycardia, Heart Failure, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Physicians Clinics

Subsegment:
1) By Pacemakers: Single-Chamber Pacemakers, Dual-Chamber Pacemakers, Biventricular Pacemakers, Implantable Pacemakers
2) By Defibrillators: Implantable Cardioverter Defibrillators (ICDs), External Defibrillators, Wearable Defibrillators, Automated External Defibrillators (AEDs)
3) By Cardiac Resynchronization Therapy (CRT): CRT-P (Pacemaker), CRT-D (Defibrillator), Bi-Ventricular Pacemakers

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What Is the Leading Region in the Cardiac Rhythm Management (CRM) Devices And Equipment Market?
North America was the largest region in the global cardiac rhythm management (CRM) devices and equipment market in 2023. Western Europe was the second-largest region in the cardiac rhythm management (CRM) devices and equipment market. The regions covered in the cardiac rhythm management (CRM) devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Is Covered In The Cardiac Rhythm Management (CRM) Devices And Equipment Global Market Report?

- Market Size Analysis: Analyze the Cardiac Rhythm Management (CRM) Devices And Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cardiac Rhythm Management (CRM) Devices And Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cardiac Rhythm Management (CRM) Devices And Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cardiac Rhythm Management (CRM) Devices And Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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