Geriatric Population Drives Growth In The Cardiac Rhythm Management (CRM) Devices And Equipment Market : Pivotal Factor Influencing Cardiac Rhythm Management (CRM) Devices And Equipment Market Growth in 2025

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Cardiac Rhythm Management (CRM) Devices And Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size of cardiac rhythm management (CRM) devices and equipment has seen significant growth. The market, projected to rise from $16.05 billion in 2024 to $17.15 billion in 2025, will experience a compound annual growth rate (CAGR) of 6.8%. The growth during the historic period is ascribed to the rising prevalence of arrhythmias, technological progress, an aging population, and management of chronic diseases.

How Will the Cardiac Rhythm Management (CRM) Devices And Equipment Market Size Evolve and Grow by 2029?
The market for Cardiac Rhythm Management (CRM) devices and equipment is anticipated to experience robust growth in the forthcoming years. The market size is predicted to reach $21.73 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.1%. This growth during the forecast period is credited to factors such as personalized medicine, technological advancements, integration of telehealth, and universal healthcare accessibility. The key trends projected for the forecast period encompass leadless CRM devices, biodegradable devices, remote monitoring, and combination therapies.

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What Drivers Are Propelling the Growth of Cardiac Rhythm Management (CRM) Devices And Equipment Market Forward?
The growth of the cardiac rhythm management (CRM) devices and equipment market is predicted to be accelerated by the increasing aging population. This term refers to individuals who are 65 years or older. The prevalence of cardiovascular diseases intensifies with the rise in the aging population, resulting in a heightened demand for CRM tools. These devices help regulate heart rhythm disorders such as arrhythmias and enhance the life quality of elderly individuals. For instance, as reported by the Administration for Community Living, a US government department, the elderly population in 2021 hit 55.8 million and it's projected to increase to 80.8 million by 2040 and 94.7 million by 2060. As a consequence, the upsurge in the aging population is boosting the expansion of the cardiac rhythm management (CRM) devices and equipment market.

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Which Emerging Trends Are Transforming the Cardiac Rhythm Management (CRM) Devices And Equipment Market in 2025?
In the cardiac rhythm management (CRM) devices and equipment industry, significant businesses like Abbott Laboratories, are engineering innovative solutions such as the single-chamber (VR) leadless pacemaker. These devices aim to control heart rhythm irregularities and enhance patient prognosis. The leadless pacemaker, which is positioned directly in the heart's right ventricle through a minimally invasive process, eschews the requirement for cardiac leads. For example, the Aveir single-chamber (VR) leadless pacemaker developed by Abbott Laboratories received FDA clearance in April 2022. This specific device, which can offer patients suffering from slow heart rhythms an effective treatment, provides comprehensive data concerning patient wellbeing and cardiac function. Consequently, this information can guide treatment strategies, potentially improving patient results. Additionally, the Aveir VR leadless pacemaker's software was built to be adaptable, opening the door for potential dual-chamber system compatibility in the future.

What Are the Key Segments in the Cardiac Rhythm Management (CRM) Devices And Equipment Market?
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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Who Are the Key Players Shaping the Cardiac Rhythm Management (CRM) Devices And Equipment Market's Competitive Landscape?
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

What Geographic Markets Are Powering Growth 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.

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