Technological advancements in cardiac rhythm devices are driving the Global Cardiac Rhythm Management Devices Market. Fortune Business Insights in a report, titled “Cardiac Rhythm Management Devices Market: Global Market Analysis, Insights and Forecast, 2019-2026” projects the global market to register a CAGR of 4.4% between 2019 and 2026.
In 2019, The global market was worth US$ 13,883.7 Mn and is anticipated to be worth US$ 19,938.3.1 Mn by 2026. The rising prevalence of cardiovascular disorders across the world is the chief factor responsible for positively impacting the growth of the market.
Some of the Main Key Players Covered in the Cardiac Rhythm Management Devices Market Report
- Boston Scientific
- Philips Healthcare SL
- Defibtech, LLC.
- Cardiac Science
- Medical System
For more information in the analysis of this report, visit: https://www.globenewswire.com/news-release/2019/07/01/1876793/0/en/Cardiac-Rhythm-Management-CRM-Devices-Market-to-Surpass-US-19-938-3-Mn-by-2026-Boston-Scientific-Corporation-and-Medtronic-Covers-Majority-of-the-Share-Fortune-Business-Insights.html
North America Dominates Owing to Favorable Healthcare Reimbursement Policies
From a geographical standpoint, North America is anticipated to dominate the global cardiac rhythm management devices market in the forecast years. Well-established healthcare infrastructure and favourable healthcare reimbursement policies are contributing to the growth of the market. The market in this region was valued at US$ 5,914.1 Mn in the year 2018. Cardiac patients have shifted their focus to preventive care.
This rising shift is fueling demand for cardiac rhythm management devices. In addition to this, governments have made strict guidelines to install external defibrillators, especially in public places. Against this backdrop, the demand for cardiac rhythm management devices is increasing, which will in due course, drive the market.
The market in Asia Pacific is expected to grow considerably during the forecast years. This is mainly attributable to the rising penetration of health insurance across developing countries.
Key Segmentation of Cardiac Rhythm Management Devices Market:
CRM Devices Market Segments by Product
- Cardiac Pacemakers
- Single Chamber Pacemakers
- Dual Chamber Pacemakers
- Implantable Cardioverter Defibrillators (ICD)
- Single Chamber ICD
- Dual Chamber ICD
- External Defibrillators
- Automated External Defibrillators
- Manual & Semi-Automatic External Defibrillators
- Wearable Defibrillators
- Cardiac Resynchronization Therapy Devices
CRM Devices Market Segments by End User
- Hospitals & Clinics
- Ambulatory Surgery Centers and Others
CRM Devices Market Segmentsby Geography
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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