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Market Research Report
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1076448

Implantable Cardiac Rhythm Management Device Market Size, Share & Trends Analysis Report By Product (Pacemaker, ICDs, CRT), By End Use (Hospitals, Specialty Cardiac Centers), By Region, And Segment Forecasts, 2022 - 2030

Published: | Grand View Research, Inc. | 150 Pages | Delivery time: 2-10 business days

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Implantable Cardiac Rhythm Management Device Market Size, Share & Trends Analysis Report By Product (Pacemaker, ICDs, CRT), By End Use (Hospitals, Specialty Cardiac Centers), By Region, And Segment Forecasts, 2022 - 2030
Published: April 18, 2022
Grand View Research, Inc.
Content info: 150 Pages
Delivery time: 2-10 business days
  • Description
  • Table of Contents
  • List of Tables

Implantable Cardiac Rhythm Management Devices Market Growth & Trends:

The global implantable cardiac rhythm management devices market size is expected to reach USD 28.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.2% from 2022 to 2030. The increasing global geriatric population prone to CVD diseases and the demand for accurate and effective diagnostics of these diseases are the factors contributing to the growth of implantable cardiac rhythm management (CRM) devices.

Cardiac disorders are one of the major causes of mortality around the world, with a large percentage of the population suffering from some form of cardiac disorder in their lifetime. While the older population is at a higher risk, the prevalence of CVDs is increasing in the younger generation as well. Hectic schedules and busy lifestyles are major factors for hypertension among individuals. Various implantable devices are being used for improved cardiac performance, including pacemakers, ICDs, and Cardiac Resynchronization Therapy (CRT) devices. Pacemakers are the most implanted devices for conduction disorders and sinus dysfunctions. CRT devices and ICDs are comparatively new and incorporate better technology than their older counterparts.

The COVID-19 pandemic adversely impacted the market, in particular the ICDs market, with dampened demand and sales during 2020. The sales improved as the hospitals resumed elective surgeries. However, the progression of COVID-19 in several key markets continued to create uncertainty during the year. Abbott, for instance, reported improvement in its hospital-based businesses during Q2 and Q3 2020. However, the improving trends flattened or were negatively impacted during Q4 2020 due to a sudden increase in COVID-19 cases and hospitalizations in many countries. Nihon Kohden, on the other hand, reported strong sales growth of defibrillators in 2020, despite inhibited sales activity due to the pandemic.

Cardiac disorders are one of the major causes of mortality around the world, with a large percentage of the population suffering from some form of cardiac disorder in their lifetime. While the older population is at a higher risk, the prevalence of CVDs is increasing in the younger generation as well. Various implantable devices are being used for improved cardiac performance, including pacemakers, ICDs, and Cardiac Resynchronization Therapy (CRT) devices. Implanted pacemakers are majorly used for conduction disorders and sinus dysfunctions.

Implantable Cardiac Rhythm Management Devices Market Report Highlights:

  • The hospital's end-use segment captured the largest revenue share of over 50.0% in 2021. The growth can be attributed to deeper product penetration, a large volume of surgical procedures, and rising patient footfall
  • The ICDs product segment held the largest revenue share of over 45.0% in 2021. The cardiac resynchronization therapy devices segment is expected to register the fastest growth rate over the forecast period
  • An estimated 85.7 million Americans (i.e., almost 34% of the population) suffered from high blood pressure and hypertension due to stressful lifestyles. Almost 23.4 million American adults were diagnosed with diabetes in 2017, while an estimated additional 7.6 million American adults are undiagnosed diabetics. Globally, the prevalence of diabetes is expected to increase to 7.7% in 2030
  • The CRT product segment is anticipated to register the fastest growth rate over the forecast period due to the implementation of supportive legislative policies in developed countries and an increase in awareness and the number of training programs for use of the products
  • North America dominated the market with a revenue share of over 45.0% in 2021. This can be attributed to an increase in the incidence of cardiovascular diseases, supportive government policies, favorable reimbursement schemes, a rise in awareness, and an increase in the number of training programs
  • Asia Pacific is expected to exhibit the fastest CAGR of 6.6% from 2022 to 2030 due to the higher prevalence of CVDs and rapidly aging population
Product Code: GVR-2-68038-882-4

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Market Segmentation and Scope
    • 1.1.1 Product
    • 1.1.2 End Use
    • 1.1.3 Region
    • 1.1.4 Estimates and forecast timeline
  • 1.2 Research Methodology
  • 1.3 Information procurement
    • 1.3.1 Purchased database:
    • 1.3.2 GVR's internal database
    • 1.3.3 Secondary sources
    • 1.3.4 Primary research
    • 1.3.5 Details of primary research
      • 1.3.5.1 Data for primary interviews in North America
      • 1.3.5.2 Data for primary interviews in Europe
      • 1.3.5.3 Data for primary interviews in Asia Pacific
      • 1.3.5.4 Data for primary interviews in Middle East and Africa
  • 1.4 Information or Data Analysis
    • 1.4.1 Data analysis models
  • 1.5 Market Formulation & Validation
  • 1.6 Model Details
    • 1.6.1 Commodity Flow Analysis
    • 1.6.2 Volume price analysis (Model 2)
      • 1.6.2.1 Approach 2: Volume price analysis
  • 1.7 List of Secondary Sources
  • 1.8 List of Primary Sources
  • 1.9 Objectives
    • 1.9.1 Objective 1
    • 1.9.2 Objective 2
    • 1.9.3 Objective 3
    • 1.9.4 Objective 4

Chapter 2 Executive Summary

  • 2.1 Market Outlook
  • 2.2 Segment Outlook

Chapter 3 Implantable CRM Devices Market Variables, Trends & Scope

  • 3.1 Market Dynamics
    • 3.1.1 Market Driver Analysis
      • 3.1.1.1 Increasing incidence of cardiac disorders
      • 3.1.1.2 Favorable reimbursement policies
      • 3.1.1.3 Growing geriatric population base
      • 3.1.1.4 Growing adoption of sedentary lifestyle
    • 3.1.2 Market Restraint Analysis
      • 3.1.2.1 Stringent regulatory framework
  • 3.2 CRM Devices: Market Analysis Tools
    • 3.2.1 Industry Analysis - Porter's Five Force Analysis
    • 3.2.2 Pestle Analysis
    • 3.2.3 Major Deals And Strategic Alliances
    • 3.2.4 Cardiac Practices In the U.S.
    • 3.2.5 Number Of Cardiologist And Electrophysiologist In The U.S.
    • 3.2.6 Implantable Loop Recorders (Ilr)

Chapter 4 COVID-19 Impact Analysis

  • 4.1 COVID-19 Prevalence Analysis
  • 4.2. Current Impact & Future Scenario
  • 4.3. Impact on companies

Chapter 5 Implantable CRM Devices Market: Segment Analysis, by Product, 2017 - 2030 (USD Million)

  • 5.1 Definition and Scope
  • 5.2 Product Type Market Share Analysis, 2021 & 2030
  • 5.3 Global Implantable CRM Devices Market, by Product, 2017 to 2030
  • 5.4 Market Size & Forecasts and Trend Analyses, 2017 to 2030
    • 5.4.1 Pacemaker
      • 5.4.1.1 Pacemaker, 2017 - 2030 (USD Million)
    • 5.4.2 ICDs
      • 5.4.2.1 ICDs, 2017 - 2030 (USD Million)
    • 5.4.3 CRT
      • 5.4.3.1 CRT, 2017 - 2030 (USD Million)

Chapter 6 Implantable CRM Devices Market: Segment Analysis, By End Use, 2017 - 2030 (USD Million)

  • 6.1 Definition and Scope
  • 6.2 End-Use Type Market Share Analysis, 2017 to 2030
  • 6.3 Global CRM devices Market, by End Use, 2017 to 2030
  • 6.4 Market Size & Forecasts and Trend Analyses, 2017 to 2030
    • 6.4.1 Hospitals
      • 6.4.1.1 Hospitals Market, 2017 - 2030 (USD Million)
    • 6.4.2 Specialty Cardiac Centers
      • 6.4.2.1 Specialty Cardiac Centers, 2017 - 2030 (USD Million)
    • 6.4.3 Others
      • 6.4.3.1 Others, 2017 - 2030 (USD Million)

Chapter 7 Implantable CRM Devices Market: Regional Market Analysis, by Product, End Use 2017 - 2030 USD Million)

  • 7.1 Definition & Scope
  • 7.2 Regional Market Share Analysis, 2017 to 2030
  • 7.3 Regional Market Snapshot
  • 7.4 Market Size, & Forecasts, Volume and Trend Analysis, 2017 to 2030
  • 7.5 North America
    • 7.5.1 North America Market Estimates And Forecast, By Country, 2017 - 2030 (USD Million)
    • 7.5.2 North America Implantable Crm Devices Market, By Product, 2017 - 2030 (USD Million)
    • 7.5.3 North America Implantable Crm Devices Market, By End Use, 2017 - 2030 (USD Million)
    • 7.5.4 U.S.
      • 7.5.4.1 U.S. implantable CRM devices market, 2017 - 2030 (USD Million)
    • 7.5.5 Canada
      • 7.5.5.1 Canada implantable CRM devices market, 2017 - 2030 (USD Million)
  • 7.6 Europe
    • 7.6.1 Europe Implantable Crm Devices Market, By Country, 2017 - 2030 (USD Million)
    • 7.6.2 Europe Implantable Crm Devices Market, By Product, 2017 - 2030 (USD Million)
    • 7.6.3 Europe Implantable Crm Devices Market, By End Use, 2017 - 2030 (USD Million)
    • 7.6.4 U.K.
      • 7.6.4.1 U.K. implantable CRM devices market, 2017 - 2030 (USD Million)
    • 7.6.5 Germany
      • 7.6.5.1 Germany CRM devices market, 2017 - 2030 (USD Million)
    • 7.6.6 France
      • 7.6.6.1 France implantable CRM devices market, 2017 - 2030 (USD Million)
    • 7.6.7 Italy
      • 7.6.7.1 Italy implantable CRM devices market, 2017 - 2030 (USD Million)
    • 7.6.8 Spain
      • 7.6.8.1 Spain implantable CRM devices market, 2017 - 2030 (USD Million)
  • 7.7 Asia Pacific
    • 7.7.1 Asia Pacific Implantable Crm Devices Market, By Country, 2017 - 2030 (USD Million)
    • 7.7.2 Asia Pacific Implantable Crm Devices Market, By Product, 2017 - 2030 (USD Million)
    • 7.7.3 Asia Pacific Implantable Crm Devices Market, By End Use, 2017 - 2030 (USD Million)
    • 7.7.4 JAPAN
      • 7.7.4.1 Japan implantable CRM devices market, 2017 - 2030 (USD Million)
    • 7.7.5 CHINA
      • 7.7.5.1 China implantable CRM devices market, 2017 - 2030 (USD Million)
    • 7.7.6 India
      • 7.7.6.1 India implantable CRM devices market, 2017 - 2030 (USD Million)
    • 7.7.7 Australia
      • 7.7.7.1 Australia implantable CRM devices market, 2017 - 2030 (USD Million)
  • 7.8 Latin America
    • 7.8.1 Latin America Implantable Crm Devices Market, By Country, 2017 - 2030 (USD Million)
    • 7.8.2 Latin America Implantable Crm Devices Market, By Product, 2017 - 2030 (USD Million)
    • 7.8.3 Latin America Implantable Crm Devices Market, By End Use, 2017 - 2030 (USD Million)
    • 7.8.4 Brazil
      • 7.8.4.1 Brazil CRM devices market, 2017 - 2030 (USD Million)
    • 7.8.5 Mexico
      • 7.8.5.1 Mexico CRM devices market, 2017 - 2030 (USD Million)
  • 7.9 MEA
    • 7.9.1 MEA Implantable Crm Devices Market, By Country 2017 - 2030 (USD MILLION)
    • 7.9.2 Mea Implantable Crm Devices Market, By Product, 2017 - 2030 (USD Million)
    • 7.9.3 Mea Implantable Crm Devices Market, By End Use, 2017 - 2030 (USD Million)
    • 7.9.4 South Africa
      • 7.9.4.1 South Africa implantable CRM devices market, 2017 - 2030 (USD Million)
    • 7.9.5 SAUDI ARABIA
      • 7.9.5.1 Saudi Arabia implantable CRM devices market, 2017 - 2030 (USD Million)

Chapter 8 Implantable Cardiac Rhythm Management Devices Market - Competitive Analysis

  • 8.1 Market Participant Categorization
    • 8.1.1. Company Market Position Analysis
    • 8.1.2. Synergy Analysis: Major Deals & Strategic Alliances
    • 8.1.3. Market Leaders
    • 8.1.4. Innovators
  • 8.2. List of Key Companies

Chapter 9 Implantable Cardiac Rhythm Management Devices Market - Company Profiles

  • 9.1 Stryker
    • 9.1.1 Company overview
    • 9.1.2 FINANCIAL PERFORMANCE
    • 9.1.3 Product benchmarking
    • 9.1.4 Strategic initiatives
  • 9.2 Schiller
    • 9.2.1 Company overview
    • 9.2.2 Financial performance
    • 9.2.3 Product benchmarking
    • 9.2.4 Strategic initiatives
  • 9.3 Medtronic
    • 9.3.1 Company overview
    • 9.3.2 Financial performance
    • 9.3.3 Product benchmarking
    • 9.3.4 Strategic initiatives
  • 9.4 Abbott
    • 9.4.1 Company overview
    • 9.4.2 Financial performance
    • 9.4.3 Product benchmarking
    • 9.4.4 Strategic initiatives
  • 9.5 Boston Scientific Corporation
    • 9.5.1 Company overview
    • 9.5.2 Financial performance
    • 9.5.3 Product benchmarking
    • 9.5.4 Strategic initiatives
  • 9.6 Koninklijke Philips N.V.
    • 9.6.1 Company overview
    • 9.6.2 Financial performance
    • 9.6.3 Product benchmarking
    • 9.6.4 Strategic initiatives
  • 9.7 Zoll Medical Corporation
    • 9.7.1 Company overview
    • 9.7.2 Financial performance
    • 9.7.3 Product benchmarking
    • 9.7.4 Strategic initiatives
  • 9.8 Biotronik
    • 9.8.1 Company overview
    • 9.8.2 Financial performance
    • 9.8.3 Product benchmarking
    • 9.8.4 Strategic initiatives
  • 9.9 Nihon Kohden Corporation
    • 9.9.1 Company overview
    • 9.9.2 Financial performance
    • 9.9.3 Product benchmarking
    • 9.9.4 Strategic initiatives
  • 9.10 Microport Scientific Corporation
    • 9.10.1 Company overview
    • 9.10.2 Financial performance
    • 9.10.3 Product benchmarking
    • 9.10.4 Strategic initiatives

List of Tables

  • Table 1 Global implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 2 Global implantable CRM devices market, by end use, 2017 - 2030
  • Table 3 Global implantable CRM devices market, by region, 2017 - 2030 (USD Million)
  • Table 4 North America implantable CRM devices market, by country, 2017 - 2030 (USD Million)
  • Table 5 North America implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 6 North America implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 7 U.S. implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 8 U.S. implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 9 Canada implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 10 Canada implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 11 Europe implantable CRM devices market, by country, 2017 - 2030 (USD Million)
  • Table 12 Europe implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 13 Europe implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 14 U.K. implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 15 U.K. implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 16 Germany implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 17 Germany implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 18 France implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 19 France implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 20 Italy implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 21 Italy implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 22 Spain implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 23 Spain implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 24 Asia Pacific implantable CRM devices market, by Country, 2017 - 2030 (USD Million)
  • Table 25 Asia Pacific implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 26 Asia Pacific implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 27 Japan implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 28 Japan implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 29 China implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 30 China implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 31 India implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 32 India implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 33 Australia implantable CRM devices market, by country, 2017 - 2030 (USD Million)
  • Table 34 Australia implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 35 Latin America implantable CRM devices market, by country, 2017 - 2030 (USD Million)
  • Table 36 Latin America implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 37 Latin America implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 38 Mexico implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 39 Mexico implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 40 Brazil implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 41 Brazil implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 42 MEA implantable CRM devices market, by country, 2017 - 2030 (USD Million)
  • Table 43 MEA implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 44 MEA implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 45 South Africa implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 46 South Africa implantable CRM devices market, by end use, 2017 - 2030 (USD Million)
  • Table 47 Saudi Arabia implantable CRM devices market, by product, 2017 - 2030 (USD Million)
  • Table 48 Saudi Arabia implantable CRM devices market, by end use, 2017 - 2030 (USD Million)

List of figures

Fig. 1 Implantable CRM devices market segmentation

Fig. 2 Market research process

Fig. 3 Information procurement

Fig. 4 Primary research pattern

Fig. 5 Market research approaches

Fig. 6 Value chain-based sizing & forecasting

Fig. 7 QFD modelling for market share assessment

Fig. 8 Implantable Cardiac Rhythm Management (CRM) devices market revenues, 2021, (USD Millions)

Fig. 9 Penetration & growth prospect mapping

Fig. 10 Market trends & outlook

Fig. 11 Porter's five forces analysis

Fig. 12 PESTLE analysis

Fig. 13 Strategy mapping

Fig. 14 Implantable CRM devices market product outlook:

Fig. 15 Implantable CRM devices market: Product movement analysis

Fig. 16 Segment dashboard

Fig. 17 Global pacemaker market, 2017 - 2030 (USD Million)

Fig. 18 Global ICDS market, 2017 - 2030 (USD Million)

Fig. 19 Global CRT market, 2017 - 2030 (USD Million)

Fig. 20 Implantable CRM devices market end-use outlook:

Fig. 21 Implantable CRM devices market: End-use movement analysis

Fig. 22 Global hospitals market, 2017 - 2030 (USD Million)

Fig. 23 Global specialty cardiac centers market, 2017 - 2030 (USD Million)

Fig. 24 Global others market, 2017 - 2030 (USD Million)

Fig. 25 Regional market place: Key takeaways

Fig. 26 North America implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 27 U.S. implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 28 Canada implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 29 Europe implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 30 Germany implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 31 U.K. implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 32 France implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 33 Italy implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 34 Spain implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 35 Asia Pacific implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 36 Japan implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 37 China implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 38 India implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 39 Australia implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 40 Latin America implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 41 Mexico implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 42 Brazil implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 43 MEA implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 44 South Africa implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 45 Saudi Arabia implantable CRM devices market, 2017 - 2030 (USD Million)

Fig. 46 Company market position analysis