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Cardiac Rhythm Management (CRM) Devices And Equipment Industry Outlook 2025-2029: Market Set to Cross $19.92 Billion Milestone
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Cardiac Rhythm Management (CRM) Devices And Equipment Market Size By 2025?
During the past few years, there has been a consistent expansion in the size of the cardiac rhythm management (crm) devices and equipment market. The market, which was valued at $14.9 billion in 2024, is projected to increase to $15.52 billion in 2025, signifying a compound annual growth rate (CAGR) of 4.2%. This growth throughout the previous duration is linked to factors such as the widespread occurrence of arrhythmias, advancements in technology, an aging population, and management of chronic diseases.
How Big Is the Cardiac Rhythm Management (CRM) Devices And Equipment Market Size Expected to Grow by 2029?
The market size for cardiac rhythm management (crm) devices and equipment is projected to experience substantial expansion in the coming years. It is anticipated to expand to $19.92 billion by 2029, with a compound annual growth rate (CAGR) of 6.4%. Causes of growth during the predicted period can be credited to factors like customized medication, innovative technology, integration of telehealth, and worldwide healthcare availability. Key trends during this prediction period include leadless crm devices, biodegradable devices, remote monitoring, and combined therapies.
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Which Key Market Drivers Powering Cardiac Rhythm Management (CRM) Devices And Equipment Market Expansion and Growth?
The escalation in the number of elderly individuals, defined as those 65 years or older, is projected to spur the expansion of the cardiac rhythm management (CRM) devices and equipment market. The geriatric population's enlargement leads to a higher occurrence of cardiovascular ailments, therefore escalating the need for CRM devices. These instruments are instrumental in controlling heart rhythm disorders, such as arrhythmias, enhancing aged individuals' life quality. For example, the US-based governmental department, the Administration for Community Living, reported that the elderly population hit 55.8 million in 2021, with estimates anticipating a rise to 80.8 million by 2040 and 94.7 million by 2060. Consequently, the growth of the elderly population is the impetus behind the cardiac rhythm management (CRM) devices and equipment market's expansion.
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Which Fast-Growing Trends Are Poised to Disrupt the Cardiac Rhythm Management (CRM) Devices And Equipment Market?
Key enterprises in the cardiac rhythm management (CRM) devices and equipment market are advancing their offerings by creating pioneering products like the single-chamber (VR) leadless pacemaker. This innovative product is designed to manage heart rhythm irregularities and enhance patients' health results. The groundbreaking device is placed directly into the right ventricle of the heart, eliminating invasive surgical procedures for cardiac leads. For example, in April 2022, Abbott Laboratories, a US-based medical appliance company, secured FDA approval for their Aveir single-chamber (VR) leadless pacemaker, intended for patients experiencing slow heart rhythms. The device can offer comprehensive information about a patient's cardiac activity and overall health, aiding in the medical decision-making process to enhance patient outcomes. Additionally, the Aveir VR leadless pacemaker's software was designed for potential expansion to a dual-chamber system, broadening potential treatment solutions for future patients.
What Are the Emerging 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 Global Leaders in the Cardiac Rhythm Management (CRM) Devices And Equipment Market?
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 are the Top Profitable Regional Markets for the Cardiac Rhythm Management (CRM) Devices And Equipment Industry?
North America was the largest region in the global cardiac rhythm management (CRM) devices and equipment market in 2024. 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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