openPR Logo
Press release

Cardiac Rhythm Management (CRM) Devices Batteries Market: Future market projections for forthcoming years

02-01-2018 09:18 AM CET | Health & Medicine

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Cardiac Rhythm Management (CRM) Devices Batteries Market:

Transparency Market Research states that the competitive landscape in the global cardiac rhythm management devices batteries market is mildly fragmented. The leading players such as Medtronic, Boston Scientific Corporation, St. Jude Medical, Inc., Greatbatch, Inc. (Integer), and EaglePicher Technologies, LLC are focusing on developing unmatched quality of batteries through state-of-art technological development. Furthermore, companies are also expected to strengthen their position across the globe through geographical expansion. “In the coming years, these players are expected to increase their investments to develop products that are aimed toward increasing streamlining clinical workflow, therapy efficacy, and improving quality of life,” states the lead author of this research report. According to the research report, the global CRM devices batteries market is expected to worth US$518.4 mn by the end of 2024 as compared to US$397.3 mn in 2015. During the forecast years of 2016 and 2024, the global market is estimated to progress at a CAGR of 3.0%.

Browse Premium Industry Research Report with Analysis: https://www.transparencymarketresearch.com/cardiac-rhythm-management-devices-batteries-market.html

The various products available in the global CRM devices batteries market are implantable cardiac pacemakers (ICP’s), implantable cardioverter defibrillator (ICD’s), and cardiac resynchronization therapy devices (CRT-D’s). Of these, the CRT-D’s are expected to show the maximum growth in the forecast period as the segment surges at a CAGR of 4.1%. The ability of these devices to manage heart failure cases and reduce the number of risks associated with irregular heartbeats are expected to boost their demand in the forecast period. Analysts projected that ICD will also be a lucrative segment for the global market in the coming years. In terms geography, the global CRM devices batteries market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, North America is the most attractive market for CRM batteries as the region is slated to acquire a share of 38.2% by the end of 2024. Analysts estimate that Asia Pacific is also expected to gain a significant share in the overall market due to high prevalence of health conditions such as high cholesterol, diabetes, and hypertension that have spiked the number of cardiovascular disease cases in recent years.

The demand for CRM devices batteries has grown to a significantly in the past few decades as power sources have graduated from nickel-cadmium batteries to lithium ones. These sophisticated batteries are capable of powering complicated pacing devices such as CRT devices and ICDs. These batteries are known to be light weight, highly predictable and reliable, high energy density, small in size, and come with a long service life. Owing to these regions, several CRM devices manufacturers are using them in ICD, CRT devices, and pacemakers. The demand for CRM devices batteries is also being fueled by the increasing need for data logging, biventricular pacing, and telemetry.

Request for Sample Copy of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17678

The report indicates that growing pool of geriatrics is also likely to boost the demand for ICD, CRT devices, and pacemakers, which, in turn, is expected to reflect positively on the sales of CRM devices batteries. These devices will be extensively used for managing diseases such as bradycardia, tachycardia, and congestive heart failure amongst the ageing population. Though the batteries have gained popularity and demand over the past few years, the growing number of product recalls have resulted in decline of sales of these devices. Failure of device batteries have been the predominant reason for recalls in recent past. The market is also likely to suffer due to the changes in purchasing patterns. These are attributable to the declining reimbursements, lower patient volumes, and a significant drop in capital expenditure since the economic recession of 2008.

Purchase this Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=17678<ype=S

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact us:

Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cardiac Rhythm Management (CRM) Devices Batteries Market: Future market projections for forthcoming years here

News-ID: 926050 • Views:

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key players
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn

All 5 Releases


More Releases for CRM

Online CRM Tools Market 2022: Analysis by Top Key Players - HubSpot CRM, Zoho CR …
Online CRM Tools Market Scope and Overview 2022 This report presents an overview of the global Online CRM Tools industry, including its definition and purpose, application, manufacturing technology, industry chain structure, and major regions. The study also provides a detailed analysis on the various factors affecting the growth of the Online CRM Tools market, such as the development trends of products, key vendors, areas of innovation and major R&D activities in
Hotel CRM Software Market: 3 Bold Projections for 2020 | Claritysoft, Infusionso …
The Latest research study released by HTF MI “Global Hotel CRM Software Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this
Restaurant CRM Market SWOT Analysis & Key Business Strategies by Leading Industr …
Restaurant CRM Market provide an comprehensive review of technological advancement, Market size, growth, and share, trends, consumption, segments, application and Forecast 2025 and that report offers a brief knowledge of software that detects or causes a change through the direct monitoring and/or control of physical devices, processes and events in the enterprise. Get Sample Copy of this Report - https://www.orianresearch.com/request-sample/1353698 Market Overview: The Global Restaurant CRM market 2019 research provides a
CRM Market Outlook 2019| HubSpot CRM, Salesforce CRM, Freshsales, Pipedrive, Zoh …
The report begins with an ‘Introduction' section providing an overall view regarding CRM, how CRM benefits an organization and a representation of basic CRM framework showing its operation. It highlights some of the essential features of an ideal CRM solution in the ‘Features of an Ideal CRM' sub-section. The primary modules and types of CRM are discussed along with special emphasis on Social CRM. The section closes with CRM adoption
Hotel CRM Software Market Research Report 2026 With Top Key Players- Salesforce. …
The Global Hotel CRM Software Market 2019 describes an in-depth study of the market aspects such as current size of the industry, consumer demands, futuristic growth opportunities, and prevailing trends & the dynamic view of the market which has different perspectives this report reviews about the technologies, which can help to scale up the growth of the businesses in the near future. The global Hotel CRM Software Market to grow at
Online CRM Software Market is expected to Grow Owing to Rise in Strategic CRM, O …
A new market assessment report titled “Global Online CRM Software Market – Growth, Future Scenarios, and Competitive Analysis, 2018 – 2023”. The market study provides an extensive understanding of the present-day and forthcoming stages of the industry market based on factors such as major sought-after events, research ingenuities, management stratagems, market drivers, challenges and visions and all-encompassing industry subdivision and regional distribution. CRM remains for Customer Relationship Management. In an