Cardiac Rhythm Management Devices Market

Report Description

Cardiac rhythm management devices are small battery-powered device which is connected to the heart and placed inside the body. They help monitor and treat heart rhythm. Cardiac rhythm management devices are used to treat and manage arrhythmia-related diseases. The various therapies delivered by cardiac rhythm management devices are bradycardia pacing, monitoring for arrhythmias disturbances, anti-tachycardia pacing, and cardiac resynchronization for heart failure. These devices are not only used to manage and monitor cardiac issues but also have applications in repairing, restoring, and healing cardiac activities. The Cardiac rhythm management devices market is expected to cross-market value of USD 28.67 billion in 2027 from USD 21.43 billion in 2020. It is expected to grow at a CAGR of over 4.5% during the forecast period.

Interesting Facts of Global Cardiac rhythm management devices market

• The prevalence of CVD among adults (20+ years of age) is around 9.5%
• In 2020, over 100 million people suffered from a stroke
• Stringent regulations and product recalls are presenting a major challenge for the industry participants
• U.S. and Europe have remained at the forefront of the cardiac rhythm management devices industry
• Cardiac rhythm management devices industry participants are mainly focusing on research & development and innovative strategies

Cardiac Rhythm Management Devices: Key Market Drivers and Restraints

The increase in the prevalence of cardiovascular diseases and stroke largely contributes to the implementation of cardiac rhythm management devices. According to the world health center, around 32% of global death caused by cardiovascular diseases, out of which 85% of death occur due to heart attack and stroke. Further, an aging world population, along with the introduction of advanced cardiac management, monitoring, and treatment options for heart arrhythmias, has increased the demand for cardiac rhythm management. In addition to this, rising life expectancy is also contributing to the increased adoption of cardiac rhythm management devices. Besides, increasing government support and favorable policies are expected to propel the CRM devices market in the forecast period. However, frequent product recalls you happen in cardiac rhythm management devices due to continuous technological changes in the product may restrain the market growth.

Impact of COVID 19 on the Cardiac Rhythm Management Devices Market

The sudden outbreak of COVID-19 has gripped the world with apprehension and infected humans worldwide. The current concerns over the spread of coronavirus have shown to have a moderate impact on the growth of the CNS therapeutics market due to the rising preference for remote monitoring of patients suffering from cardiovascular conditions. Frequent hospital and clinic visits have been reduced owing to limiting the spread of infection along with a preference for visits in shifts to examine critical cases. Further, increasing the adoption of remote monitoring for cardiac patients is likely to boost the overall market growth for cardiac rhythm management devices in the forecast period.

North America region dominates the global Cardiac rhythm management devices market

Geographically, the global cardiac rhythm management devices market is segmented into North America, Europe, Asia Pacific, the Middle East, and Africa, Latin America (LATAM), including all the key economies in these regions. The North American market is anticipated to account for the largest revenue share in the global Cardiac rhythm management devices market. This is attributed to increasing healthcare expenditure, growing healthcare awareness, and the high spending power of consumers. Also, the presence of major medical device manufacturers in the region contributes to healthy market growth.

The Asia Pacific region is projected to register a significant revenue share in the cardiac rhythm management device market due to the increasing prevalence of cardiovascular diseases and growing spending on healthcare. The Asia Pacific is anticipated to register a significant CAGR in the global market over the forecast period.

Defibrillators dominate the global cardiac rhythm management devices Market

On the basis of product type, the global cardiac rhythm management devices market is segmented into pacemakers, defibrillators, and cardiac resynchronization therapy (CRT). In 2020, the defibrillator segment registered for the highest share of the Cardiac rhythm management devices market. Increasing adoption of Subcutaneous Implantable Defibrillators (S-ICD) as well as Transvenous Implantable Cardioverter Defibrillators (T-ICD) in countries like China, India, and the U.S. is fostering the growth of the segment.

Companies operating the global Cardiac rhythm management devices Market focus on technological advancement

The global Cardiac rhythm management devices market is highly focused on the presence of various large and small manufacturers in the market. The key players operating in this market are Medtronic plc, Abbott Laboratories, Schiller AG, Koninklijke Philips N.V., Boston Scientific Corporation, Microport Scientific Corporation, Physio-Control, Inc. (Stryker), Zoll Medical Corporation, Progetti Srl and BIOTRONIK. Cardiac rhythm management devices industry participants are mainly focusing on research & development and innovative strategies. The leading players operating in cardiac rhythm management devices are also focusing on new product launches to augment the product portfolio and enhance product performance.

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Cardiac Rhythm Management Devices Market

3.Market Dynamics

3.1.Introduction
3.1.1. Global Cardiac Rhythm Management Devices Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Product
3.3.2.Geography

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Cardiac Rhythm Management Devices Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Cardiac Rhythm Management Devices Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Cardiac Rhythm Management Devices Market, by Product, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Pacemakers
6.2.3.Defibrillators
6.2.4.Cardiac Resynchronization Therapy (CRT)

7.Europe

7.1.Europe Cardiac Rhythm Management Devices Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Cardiac Rhythm Management Devices Market, by Product, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Pacemakers
7.2.3.Defibrillators
7.2.4.Cardiac Resynchronization Therapy (CRT)

8.Asia Pacific

8.1.Asia Pacific Cardiac Rhythm Management Devices Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Cardiac Rhythm Management Devices Market, by Product, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Pacemakers
8.2.3.Defibrillators
8.2.4.Cardiac Resynchronization Therapy (CRT)

9.Latin America

9.1.Latin America Cardiac Rhythm Management Devices Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Cardiac Rhythm Management Devices Market, by Product, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Pacemakers
9.2.3.Defibrillators
9.2.4.Cardiac Resynchronization Therapy (CRT)

10.Middle East

10.1.Middle East Cardiac Rhythm Management Devices Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Cardiac Rhythm Management Devices Market, by Product, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Pacemakers
10.2.3.Defibrillators
10.2.4.Cardiac Resynchronization Therapy (CRT)

11.Africa

11.1.Africa Cardiac Rhythm Management Devices Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Cardiac Rhythm Management Devices Market, by Product, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Pacemakers
11.2.3.Defibrillators
11.2.4.Cardiac Resynchronization Therapy (CRT)

12.Global

12.1.Global Cardiac Rhythm Management Devices Market, by Product, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Pacemakers
12.1.3.Defibrillators
12.1.4.Cardiac Resynchronization Therapy (CRT)

13.Company Profiles

13.1.Medtronic plc
13.2.Abbott laboratories
13.3.Schiller AG
13.4.Koninklijke Philips N.V.
13.5.Boston Scientific Corporation
13.6.Microport Scientific Corporation
13.7.Physio-Control, Inc. (Stryker)
13.8.Zoll Medical Corporation
13.9.Progetti Srl
BIOTRONIK

List of Figures

FIG. 1 Global Cardiac Rhythm Management Devices Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Cardiac Rhythm Management Devices Market Segmentation

FIG. 4 Global Cardiac Rhythm Management Devices Market, by Product, 2019 (US$ Bn)

FIG. 5 Global Cardiac Rhythm Management Devices Market, by Geography, 2019 (US$ Bn)

FIG. 6 Attractive Investment Proposition, by Geography, 2019

FIG. 7 Global Market Positioning of Key Cardiac Rhythm Management Devices Market  Manufacturers, 2019

FIG. 8 Global Cardiac Rhythm Management Devices Market Value Contribution, By Product, 2019 & 2027 (Value %)

FIG. 9 Global Cardiac Rhythm Management Devices Market, by Pacemakers, Value, 2015-2027 (US$ Bn)

FIG. 10 Global Cardiac Rhythm Management Devices Market, by Defibrillators, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Cardiac Rhythm Management Devices Market, by Cardiac Resynchronization Therapy (CRT), Value, 2015-2027 (US$ Bn)

FIG. 12 U.S. Cardiac Rhythm Management Devices Market, 2015-2027 (US$ Bn)

FIG. 13 Rest of North America Cardiac Rhythm Management Devices Market, 2015-2027 (US$ Bn)

FIG. 14 U.K. Cardiac Rhythm Management Devices Market, 2015-2027 (US$ Bn)

FIG. 15 Germany Cardiac Rhythm Management Devices Market, 2015-2027 (US$ Bn)

FIG. 16 France Cardiac Rhythm Management Devices Market, 2015-2027 (US$ Bn)

FIG. 17 Rest of Europe Cardiac Rhythm Management Devices Market, 2015-2027 (US$ Bn)

FIG. 18 Japan Cardiac Rhythm Management Devices Market, 2015-2027 (US$ Bn)

FIG. 19 China Cardiac Rhythm Management Devices Market, 2015-2027 (US$ Bn)

FIG. 20 India Cardiac Rhythm Management Devices Market, 2015-2027 (US$ Bn)

FIG. 21 Rest of Asia Pacific Cardiac Rhythm Management Devices Market, 2015-2027 (US$ Bn)

FIG. 22 Middle East & Africa Cardiac Rhythm Management Devices Market, 2015-2027 (US$ Bn)

Latin America Cardiac Rhythm Management Devices Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Cardiac Rhythm Management Devices Market

TABLE 2 Global Cardiac Rhythm Management Devices Market, by Product, 2015-2027 (US$ Bn)

TABLE 3 Global Cardiac Rhythm Management Devices Market, by Geography, 2015-2027 (US$ Bn)

TABLE 4 North America Cardiac Rhythm Management Devices Market, by Product, 2015-2027 (US$ Bn)

TABLE 5 North America Cardiac Rhythm Management Devices Market, by Country, 2015-2027 (US$ Bn)

TABLE 6 Europe Cardiac Rhythm Management Devices Market, by Product, 2015-2027 (US$ Bn)

TABLE 7 Europe Cardiac Rhythm Management Devices Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 8 Asia Pacific Cardiac Rhythm Management Devices Market, by Product, 2015-2027 (US$ Bn)

TABLE 9 Asia Pacific Cardiac Rhythm Management Devices Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 10 Latin America Cardiac Rhythm Management Devices Market, by Product, 2015-2027 (US$ Bn)

TABLE 11 Latin America Cardiac Rhythm Management Devices Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 12 Middle East Cardiac Rhythm Management Devices Market, by Product, 2015-2027 (US$ Bn)

TABLE 13 Middle East Cardiac Rhythm Management Devices Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 14 Africa Cardiac Rhythm Management Devices Market, by Product, 2015-2027 (US$ Bn)

TABLE 15 Africa Cardiac Rhythm Management Devices Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 16 Medtronic plc: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 17 Abbott laboratories: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 18  Schiller AG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 19 Koninklijke Philips N.V.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 20 Boston Scientific Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 21  Microport Scientific Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 22 , Physio-Control, Inc. (Stryker): Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 23 Zoll Medical Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 24 Progetti Srl: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

BIOTRONIK: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments