Cardiac Rhythm Management Devices Market to Register Unwavering Growth During in Global by 2028

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According to a study published in Health Affairs, the average price for a dual-chamber pacemaker in Germany was US$ 1,400 in 2014 and in the U.S. it was US$ 4,200. Moreover, risks associated with product design is major concern for developers. In November 2018, Boston Scientific issued a hazard alert in Australia regarding its SQ-RX Model 1010 Pulse Generator in some of the first-generation subcutaneous implantable cardioverter defibrillator (S-ICD) systems. Future innovations in CRM products is expected to shift from transvenous leads to leadless designs with combinations of different components on a modular basis according to the function required. Moreover, CRM devices with remote controlling such as implantable cardioverter defibrillators and pacemakers can send information from the device to a portable unit, which allows the healthcare professional to monitor the patient condition at any time.

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CARDIAC RHYTHM

MANAGEMENT

DEVICES MARKET

Market Size (2017)

US$ 19.05 Bn

CAGR (2018-2026)

7.5 %

MAJOR DRIVERS

Rising incidences of cardiac disorders worldwide

Technological advancements in in cardiac rhythm management devices

Novel product approval/launch

PROMINENT REGION

NORTH AMERICA

ASIA PACIFIC

MAJOR DRIVERS

Increasing number of approved products

Increasing prevalence of cardiovascular diseases

in the region

MAJOR DRIVERS

Increasing demand for high demand for technological

advanced products for cardiac rhythm management

Rising healthcare concern for stroke prevention

associated with atrial fibrillation

SEGMENTATION (SCOPE)

By Product Type

Cardiac Resynchronization Therapy

Devices

Defibrillator

Pacemakers

By End User

Hospitals

Home Care Settings

Ambulatory Care Settings

MAJOR PLAYERS OPERATING IN THE MARKET

Medtronic plc.

Abbott Laboratories

Abiomed

Boston Scientific Corporation

Biotronik Se Co Kg

Koninklijke Philips N.V.

LivaNova Plc.

Cardiac Science Corporation

Schiller Ag

Zoll Medical Corporation

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