19th July 2019 – The global cardiac
rhythm management (CRM) devices market represents a widespread and elementary
study of cardiac rhythm management (CRM) devices at the side of the analysis of
subjective aspects which is able to give key business insights to the readers.
The CRM devices market is expected to grow at a 7.5% CAGR during the forecast
period. cardiac rhythm management (CRM) devices Market 2025 analysis report
offers the analytical read of the business by learning various factors like cardiac
rhythm management (CRM) devices market growth, consumption volume, market
trends and cardiac rhythm management (CRM) devices business price structures
throughout the forecast amount from 2014 to 2025.
The global cardiac rhythm management
(CRM) devices market size is projected to reach at USD 32.4 billion by 2025.
The CRM devices market is subject to witness substantial growth due to numerous
awareness programs and schemes by regional governments in emerging and
developed economies. Growing occurrence of cardiovascular diseases (CVDs),
supportive legislative policies, and critical advancements in technology are
attributing to the progress of the market in forecast period. Though, initial
cost associated with implementation of cardiac rhythm management (CRM) devices
and lack of awareness in rural parts across the globe are limiting the market
expansion of cardiac rhythm management (CRM) devices market.
Cardiac rhythm management (CRM) devices
are considered as most viable option for the treatment for the patients
suffering through diseases like arrhythmias. The recent advancement in cardiac
resynchronization therapies (CRTs) and devices are driving the market growth.
Alongside, the rising use of the implantable cardioverter-defibrillators (ICDs)
and its applications alongside their integration with pacemakers in order to
improve the product’s life cycle are playing crucial part for treatment of
heart diseases. The progress of the cardiac rhythm management (CRM) devices
industry is also attributed to the factors such as need for external
defibrillators due to growing awareness of its use and increasing occurrence of
diseases related to the sudden cardiac arrest (SCA).
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Cardiac rhythm management (CRM) is a
procedure that involves the treatment of arrhythmias (heart rhythm disorders).
Arrhythmias are responsible for causing number of problems for patients, such
as palpitations, anxiety and dizziness, that may lead to blackouts and cardiac
arrest as well. The cardiac rhythm management (CRM) term is loosely based on
treatments involving implanted electronic devices similar to pacemakers and
defibrillators. Cardiac rhythm management (CRM) devices are mainly classified
into three common types such as pacemakers, implantable cardioverter
defibrillator (ICD) and cardiac resynchronization therapy (CRT). Pacemakers are
used for the treatment of slow heart rates or attacks in dire situation where
heart stop functioning, leading to dizziness, blackouts, or even death. They
provide small amount of electrical impulses that may trigger the heartbeat.
The other type of cardiac rhythm
management (CRM) devices such as implantable cardioverter defibrillator (ICD)
is implemented in case of sudden cardiac arrests because of the faster or
chaotic beating in the central pumping chamber i.e. ventricular tachycardia. In
such scenarios, implantable cardioverter defibrillator (ICD) creates a
shockwave in order to restore the normal heart rhythm, the shock is created
automatically within seconds. The use of cardiac resynchronization therapy
(CRT) devices allows proper functioning of poorly coordinated ventricles such
as central pumping chambers that can lead to heart failure. CRT devices are
responsible for pacing the left ventricle involving central pumping chamber
from both side of the ventricles. This provides relaxation for patients from
symptoms and boosts their morality.
The use of ICDs and CRT devices offers
immediate and long-term solution in comparison with the bradycardia pacemakers.
Implanting both CRT and ICD devices on patients is vital for successful
treatment. The applications of these devices aids to amplify the health
outcomes and ensures welfare for patients by designing devices to carry out the
highly efficient therapy, at times evaluating and reducing system complications
while utilizing precise device diagnostic data for successful treatment.
The market is divided into regional
market segment such as North America, Europe, Asia-Pacific, Latin America and
Africa. North America has shown major growth in recent years owing to the rise
adoption of latest technologies in healthcare sector and existence
well-established healthcare infrastructure. Asia-Pacific market is predicted to
hold higher share in the cardiac rhythm management (CRM) devices market with
massive growth in forecast period.
Countries such as India, China and
Singapore are leading the Asia-Pacific market with growing penetration of
health insurance in emerging economies and generating substantial investment by
multinational market players due to potential opportunities in the region. The
key players in the cardiac rhythm management (CRM) devices industry are
Medtronic Ltd., BIOTRONIK Incorporations, Boston Scientific Co., St. Jude
Medical Co., ZOLL Medical Co., and Philips N.V.
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