The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Research delivers insight into the key Players Boston Scientific Corporation, GE Healthcare , Philips HealthcareForecast to 2024
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The Cardiac Rhythm Management Market accounted to USD 21.2 billion in 2016 growing at a CAGR of 5.4% during the forecast period of 2017 to 2024.
Global Cardiac Rhythm Management Market includes implantable devices, leads and accessories as well as external devices to treat and manage arrhythmia-related diseases to help patients improve their health status. Cardiac arrhythmias are a group of cardiac disorders causing irregular heartbeats due to interference with the electrical activity in the atria or upper chambers of the heart.
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Major Market Drivers And Restraints:
- Increasing Worldwide Incidence of Cardiovascular Diseases
- Increasing reimbursement for implantation of pacemaker
- Rising Geriatric Population
- Technological advancements in cardiac pacemaker
The Global Cardiac Rhythm Management Market is segmented on the basis of product type, usability, end-user, distribution channel and geography.
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By product type the market for cardiac rhythm management is segmented into Defibrillators and Pacemakers. The Defibrillators segment is further sub segmented into Implantable Cardioverter Defibrillators (ICDS), External Defibrillators.
The Pacemakers segment is further sub segmented into by Implantability (Implantable Cardiac Pacemaker, External Cardiac Pacemaker), by Technology (Dual-Pacemaker, Single-Chamber, Bi-Ventricular).
On the basis of end-user the market is segmented into Hospitals and Ambulatory surgical centers.
Based on geography, the market is segmented into five geographical regions:
- North America
- South America
- Middle East and Africa(MEA)
This is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
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Some of the major players operating in cardiac rhythm management market are
- Medtronic PLC
- St. Jude Medical, Inc.
- Boston Scientific Corporation
- GE Healthcare
- Philips Healthcare
- Biotronik Se & Co.
- Kg, Cardiac Science Corporation
- Livanova PLC
- Mortara Instrument, Inc.
- Schiller AG
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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.
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