A new market study, titled “Discover Global Cardiac Rhythm Management Devices Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
The global cardiac rhythm management (CRM) devices market is expected to showcase an impressive growth trajectory over the forecast period, as per this latest study published in the form of a report. This can be accredited to the rising instances of heart failure and other cardiac disorders. Further, a rise in the adoption of sedentary lifestyle among the population across the globe is expected to contribute to the rising adoption of cardiac rhythm management devices market. Apart from this, the technological advancements noted in the products and product delivery is also noted to influence the market for cardiac rhythm management in a positive manner.
As pe the Hippocratic post, around 12 people die from all age groups die from an undiagnosed heart disorder every week in the UK. Most of these cases occur in the younger populace from the sports arenas. Similar statistics was reported by the Close the Gap organizations which suggested that an athlete dies every 3 days in the US with 90% of them being males. Hence, the demand for CRM devices in sports arenas, schools and gymnasiums is anticipated to rise starkly in the review period. Technological advancements in the implantable devices include the launch of MRI safe S-ICD in 2016.
The rising rate of replacement of CRM devices and a hike in the number of cardiac rhythm management device implantation facilities are also observed to witness staggering growth due to the rising demand for cardiac rhythms. Further, significant improvements in the technology of cardiac implants and patient outcomes, along with the augmentation of the experience of cardiac surgeons are bound to operate on high-risk individuals are promoting higher demand for advanced cardiac rhythm management devices. Growing geriatric population and patients with severe comorbid conditions are also expected to proliferate the demand for cardiac rhythm management devices market.
The cardiac rhythm management devices market is studied for various segments to arrive at a deeper analysis of the market landscape and attain viable statistics. This segmentation also aids the reader of this report with better and faster decision-making. Such market segmentation is carried out by product, end-user, and region. Based on product, the global cardiac rhythm management devices market is segmented into pacemakers, defibrillators, and cardiac resynchronization therapy. The pacemaker segment is further segmented into implantable pacemakers and external pacemakers. The defibrillators segment is further segmented into implantable cardioverter defibrillator, and external defibrillator. The cardiac resynchronization therapy segment is further segmented into CRT-D and CRT-P.
Based on end-user, the global cardiac rhythm management devices market is segmented into hospitals, home care settings and ambulatory care settings.
Detailed Regional Analysis
The global cardiac rhythm management devices market is studied for the regional analysis of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. It was identified that North America held the maximum share of the global CRM devices market. It is also concluded that the region is estimated to hold the largest share of the market during the forecast period.
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