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Market Research Report

Cardiac Rhythm Management (CRM) Devices Market Share, Size & Trends Analysis Report By Product (Pacemaker, Defibrillator, Cardiac Resynchronization Therapy), And Segment Forecasts, 2018 - 2025

Published by Grand View Research, Inc. Product code 614697
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Cardiac Rhythm Management (CRM) Devices Market Share, Size & Trends Analysis Report By Product (Pacemaker, Defibrillator, Cardiac Resynchronization Therapy), And Segment Forecasts, 2018 - 2025
Published: February 9, 2018 Content info: 80 Pages
Description

The global cardiac rhythm management (CRM) devices market size is anticipated to reach USD 32.4 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.8% CAGR during the forecast period. Increase in demand for CRM devices can be attributed to supportive legislative policies by governments in developed and developing countries. Rising incidence of cardiovascular diseases (CVDs), supportive reimbursement scenario, and major advancements in technology are also anticipated to be key factors governing market growth.

CRM devices serve as a permanent treatment option for patients suffering from arrhythmias. Innovation in Cardiac Resynchronization Therapy (CRT) devices is expected to drive this market. Additionally, there is an increase in the application of implantable cardioverter-defibrillators (ICDs) as they are now integrated with pacemakers, thus increasing the product's life. Increase in demand for external defibrillators with growing in awareness and rising disease burden of sudden cardiac arrest (SCA) has also been observed. There is an expansion in the market for external defibrillators as governments in developed economies have been working on making countries more cardio-friendly.

According to statistics published by the Sudden Cardiac Arrest Foundation, about 6.0 million people within the U.S. region suffer from cardiac disorders, of which 0.8 million are affected by atrioventricular blockage, leading to cardiac failure. Such an alarming number leads to an increased cost of about USD 20-56 billion annually. CRM devices are being predominantly used to prevent surgical costs and readmission rates in hospitals, thereby propelling market growth.

Further key findings from the study suggest:

  • Defibrillators held a lucrative share in 2016 and are also likely to grow at a profitable rate over the forecast period due to increase in prevalence of CVDs. These devices are normally used as continuous monitoring devices for arrhythmias
  • North America accounted for more than 35.0% of the overall market in 2016. This can be attributed to increasing incidence of cardiovascular diseases, supportive government policies, favorable reimbursement schemes available to patients, growing awareness, and rise in training programs
  • Asia Pacific was observed to be the fastest growing market for CRM devices with a CAGR nearly 9.0%. This is owing to increasing awareness and accessibility of CRM devices
  • Some of the key players operating in this space are St. Jude Medical; BIOTRONIK, Inc.; Medtronic; Boston Scientific Corporation; and ZOLL Medical Corporation.
Table of Contents
Product Code: GVR-2-68038-315-7

Table of Contents

Chapter 1: Executive Summary

  • 1. CRM Market Snapshot

Chapter 2: Research Methodology

  • 2.1. Information procurement
  • 2.2. Information or Data Analysis
  • 2.3. Region Wise Market Calculation
    • 2.3.1. Region Wise Market: Base Estimates
  • 2.4. Market Formulation & Validation

Chapter 3: Market Variables, Trends & Scope

  • 3.1. CRM Devices Market segmentation & scope
  • 3.2. Market Driver Analysis
    • 3.2.1. Increasing incidence of cardiac disorders
    • 3.2.2. Favorable reimbursement policies
    • 3.2.3. Advent of technological advanced products
    • 3.2.4. Growing geriatric population base
    • 3.2.5. Rise in sedentary lifestyle
  • 3.3. Market Restraint Analysis
    • 3.3.1. Stringent regulatory framework
    • 3.3.2. Price sensitive market
  • 3.4. Penetration & growth prospect mapping: Product
  • 3.5. Cardiac Rhythm Management Devices-SWOT Analysis, By Factor(political & legal, economic and technological)
  • 3.6. Industry Analysis-Porter's

Chapter 4: Cardiac Rhythm Management(CRM) Devices Market: Product Estimates & Trend Analysis

  • 4.1. Cardiac Rhythm Management Devices Market: Product Movement Analysis
  • 4.2. Pacemakers
    • 4.2.1. Pacemaker market, 2014-2025(USD Million)
      • 4.2.1.1. Implantable Pacemakers
      • 4.2.1.2. Implantable pacemaker market, 2014-2025(USD Million)
      • 4.2.1.3. External pacemakers
      • 4.2.1.4. External pacemakers market, 2014-2025(USD Million)
  • 4.3. Defibrillators
    • 4.3.1. Defibrillator market, 2014-2025(USD Million)
      • 4.3.1.1. Implantable Cardioverter Defibrillator
      • 4.3.1.1.1. ICD market, 2014-2025(USD Million)
      • 4.3.1.1.2. S-ICD
      • 4.3.1.1.3. S-ICD market 2014-2025(USD Million)
      • 4.3.1.1.4. T-ICD
      • 4.3.1.1.5. T-ICD market, 2014-2025(USD Million)
      • 4.3.1.2. External Defibrillator
      • 4.3.1.2.1. External Defibrillator, 2014-2025(USD Million)
      • 4.3.1.2.2. Manual ED
      • 4.3.1.2.3. Manual ED market, 2014-2025(USD Million)
      • 4.3.1.2.4. Automated ED
      • 4.3.1.2.5. Automated ED market 2014-2025(USD Million)
      • 4.3.1.2.6. Wearable Cardioverter Defibrillator
      • 4.3.1.2.7. Wearable cardioverter defibrillator market, 2014-2025(USD Million)
  • 4.4. Cardiac Resynchronization Therapy(CRT)
    • 4.4.1. CRT market, 2014-2025(USD Million)
    • 4.4.2. CRT-D
      • 4.4.2.1. CRT-D market, 2014-2025(USD Million)
    • 4.4.3. CRT-P
      • 4.4.3.1. CRT-P market, 2014-2025(USD Million)

Chapter 5: Cardiac Rhythm Management(CRM) Devices Market: Regional Estimates & Trend Analysis, by Product

  • 5.1. Cardiac Rhythm Management Devices market share by region, 2016 & 2025
  • 5.2. North America
    • 5.2.1. North America Cardiac Rhythm Management Devices market, 2014-2025(USD Million)
    • 5.2.2. U.S.
      • 5.2.2.1. U.S. CRM devices market, 2014-2025(USD Million)
    • 5.2.3. Canada
      • 5.2.3.1. Canada CRM devices market, 2014-2025(USD Million)
  • 5.3. Europe
    • 5.3.1. Europe CRM devices market, 2014-2025(USD Million)
    • 5.3.2. U.K.
      • 5.3.2.1. U.K. CRM devices market, 2014-2025(USD Million)
    • 5.3.3. Germany
      • 5.3.3.1. Germany CRM devices market, 2014-2025(USD Million)
  • 5.4. Asia Pacific
    • 5.4.1. Asia Pacific CRM devices market, 2014-2025(USD Million)
    • 5.4.2. Japan
      • 5.4.2.1. Japan CRM devices market, 2014-2025(USD Million)
    • 5.4.3. China
      • 5.4.3.1. China CRM devices market, 2014-2025(USD Million)
  • 5.5. Latin America
    • 5.5.1. Latin America CRM devices market, 2014-2025(USD Million)
    • 5.5.2. Brazil
      • 5.5.2.1. Brazil CRM devices market, 2014-2025(USD Million)
    • 5.5.3. Mexico
      • 5.5.3.1. Mexico CRM devices market, 2014-2025(USD Million)
  • 5.6. Middle East and Africa
    • 5.6.1. Middle East and Africa CRM devices market, 2014-2025(USD Million)
    • 5.6.2. South Africa
      • 5.6.2.1. South Africa CRM devices market, 2014-2025(USD Million)

Chapter 6: Competitive Landscape

  • 6.1. Strategy framework
  • 6.2. Company Profiles
    • 6.2.1. LivaNova
      • 6.2.1.1. Company overview
      • 6.2.1.2. Financial performance
      • 6.2.1.3. Product benchmarking
      • 6.2.1.4. Strategic initiatives
    • 6.2.2. Physio-Control Inc
      • 6.2.2.1. Company overview
      • 6.2.2.2. Financial performance
      • 6.2.2.3. Product benchmarking
      • 6.2.2.4. Strategic initiatives
    • 6.2.3. Schiller AG
      • 6.2.3.1. Company overview
      • 6.2.3.2. Product benchmarking
      • 6.2.3.3. Strategic initiatives
    • 6.2.4. Medtronic
      • 6.2.4.1. Company overview
      • 6.2.4.2. Financial performance
      • 6.2.4.3. Product benchmarking
      • 6.2.4.4. Strategic initiatives
    • 6.2.5. St. Jude Medical, LLC
      • 6.2.5.1. Company overview
      • 6.2.5.2. Financial performance
      • 6.2.5.3. Product benchmarking
      • 6.2.5.4. Strategic initiatives
    • 6.2.6. Boston Scientific Corporation
      • 6.2.6.1. Company overview
      • 6.2.6.2. Financial performance
      • 6.2.6.3. Product benchmarking
      • 6.2.6.4. Strategic initiatives
    • 6.2.7. Koninklijke Philips N.V.
      • 6.2.7.1. Company overview
      • 6.2.7.2. Financial performance
      • 6.2.7.3. Product benchmarking
      • 6.2.7.4. Strategic initiatives
    • 6.2.8. Zoll Medical Corporation
      • 6.2.8.1. Company overview
      • 6.2.8.2. Financial performance
      • 6.2.8.3. Product benchmarking
      • 6.2.8.4. Strategic initiatives
    • 6.2.9. Biotronik
      • 6.2.9.1. Company overview
      • 6.2.9.2. Financial performance
      • 6.2.9.3. Product benchmarking
      • 6.2.9.4. Strategic initiatives

List of Tables

  • TABLE 1. Country wise market share percentage
  • TABLE 2. North America CRM devices market, by region, 2014 - 2025 (USD Million)
  • TABLE 3. North America CRM devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 4. North America pacemakers market, by product, 2014 - 2025 (USD Million)
  • TABLE 5. North America defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 6. North America ICD market, by product, 2014 - 2025 (USD Million)
  • TABLE 7. North America external defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 8. North America CRT devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 9. U.S. CRM devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 10. U.S. pacemakers market, by product, 2014 - 2025 (USD Million)
  • TABLE 11. U.S. defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 12. U.S. ICD market, by product, 2014 - 2025 (USD Million)
  • TABLE 13. U.S. external defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 14. U.S. CRT devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 15. Canada CRM devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 16. Canada pacemakers market, by product, 2014 - 2025 (USD Million)
  • TABLE 17. Canada defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 18. Canada ICD market, by product, 2014 - 2025 (USD Million)
  • TABLE 19. Canada external defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 20. Canada CRT devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 21. Europe CRM devices market, by region, 2014 - 2025 (USD Million)
  • TABLE 22. Europe CRM devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 23. Europe pacemakers market, by product, 2014 - 2025 (USD Million)
  • TABLE 24. Europe defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 25. Europe ICD market, by product, 2014 - 2025 (USD Million)
  • TABLE 26. Europe external defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 27. Europe CRT devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 28. U.K. CRM devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 29. U.K. pacemakers market, by product, 2014 - 2025 (USD Million)
  • TABLE 30. U.K. defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 31. U.K. ICD market, by product, 2014 - 2025 (USD Million)
  • TABLE 32. U.K. external defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 33. U.K. CRT devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 34. Germany CRM devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 35. Germany pacemakers market, by product, 2014 - 2025 (USD Million)
  • TABLE 36. Germany defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 37. Germany ICD market, by product, 2014 - 2025 (USD Million)
  • TABLE 38. Germany external defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 39. Germany CRT devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 40. Asia Pacific CRM devices market, by region, 2014 - 2025 (USD Million)
  • TABLE 41. Asia Pacific CRM devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 42. Asia Pacific pacemakers market, by product, 2014 - 2025 (USD Million)
  • TABLE 43. Asia Pacific defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 44. Asia Pacific ICD market, by product, 2014 - 2025 (USD Million)
  • TABLE 45. Asia Pacific external defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 46. Asia Pacific CRT devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 47. Japan CRM devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 48. Japan pacemakers market, by product, 2014 - 2025 (USD Million)
  • TABLE 49. Japan defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 50. Japan ICD market, by product, 2014 - 2025 (USD Million)
  • TABLE 51. Japan external defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 52. Japan CRT devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 53. China CRM devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 54. China pacemakers market, by product, 2014 - 2025 (USD Million)
  • TABLE 55. China defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 56. China ICD market, by product, 2014 - 2025 (USD Million)
  • TABLE 57. China external defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 58. China CRT devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 59. Latin America CRM devices market, by region, 2014 - 2025 (USD Million)
  • TABLE 60. Latin America CRM devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 61. Latin America pacemakers market, by product, 2014 - 2025 (USD Million)
  • TABLE 62. Latin America defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 63. Latin America ICD market, by product, 2014 - 2025 (USD Million)
  • TABLE 64. Latin America external defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 65. Latin America CRT devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 66. Brazil CRM devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 67. Brazil pacemakers market, by product, 2014 - 2025 (USD Million)
  • TABLE 68. Brazil defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 69. Brazil ICD market, by product, 2014 - 2025 (USD Million)
  • TABLE 70. Brazil external defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 71. Brazil CRT devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 72. Mexico CRM devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 73. Mexico pacemakers market, by product, 2014 - 2025 (USD Million)
  • TABLE 74. Mexico defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 75. Mexico ICD market, by product, 2014 - 2025 (USD Million)
  • TABLE 76. Mexico external defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 77. Mexico CRT devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 78. MEA CRM devices market, by region, 2014 - 2025 (USD Million)
  • TABLE 79. MEA CRM devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 80. MEA pacemakers market, by product, 2014 - 2025 (USD Million)
  • TABLE 81. MEA defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 82. MEA ICD market, by product, 2014 - 2025 (USD Million)
  • TABLE 83. MEA external defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 84. MEA CRT devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 85. South Africa CRM devices market, by product, 2014 - 2025 (USD Million)
  • TABLE 86. South Africa pacemakers market, by product, 2014 - 2025 (USD Million)
  • TABLE 87. South Africa defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 88. South Africa ICD market, by product, 2014 - 2025 (USD Million)
  • TABLE 89. South Africa external defibrillator market, by product, 2014 - 2025 (USD Million)
  • TABLE 90. South Africa CRT devices market, by product, 2014 - 2025 (USD Million)

List of Figures

  • FIG. 1: CRM Market summary (USD Million), 2016
  • 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: Market trends & outlook
  • FIG. 9: CRM Devices Market segmentation & scope
  • FIG. 10: Market driver relevance analysis (Current & future impact)
  • FIG. 11: Deaths due to cardiac disorders in 2015
  • FIG. 12: Deaths due to cardiac disorders in 2015
  • FIG. 13: Global geriatric population, 2012 - 2022 (Million)
  • FIG. 14: Market restraint relevance analysis (Current & future impact)
  • FIG. 15: Penetration & growth prospect mapping
  • FIG. 16: SWOT Analysis, By Factor (political & legal, economic and technological)
  • FIG. 17: Porter's Five Forces Analysis
  • FIG. 18: CRM Devices Market: Product outlook & key takeaways
  • FIG. 19: CRM devices market: Product movement analysis
  • FIG. 20: Pacemakers market, 2014 - 2025 (USD Million)
  • FIG. 21: Implantable pacemaker market, 2014 - 2025 (USD Million)
  • FIG. 22: External pacemakers market, 2014 - 2025 (USD Million)
  • FIG. 23: Defibrillator market, 2014 - 2025 (USD Million)
  • FIG. 24: ICD market, 2014 - 2025 (USD Million)
  • FIG. 25: S-ICD market, 2014 - 2025 (USD Million)
  • FIG. 26: T-ICD market, 2014 - 2025 (USD Million)
  • FIG. 27: External defibrillator market, 2014 - 2025 (USD Million)
  • FIG. 28: Manual ED market, 2014 - 2025 (USD Million)
  • FIG. 29: Automated ED market, 2014 - 2025 (USD Million)
  • FIG. 30: Wearable cardioverter defibrillator market, 2014 - 2025 (USD Million)
  • FIG. 31: CRT market, 2014 - 2025 (USD Million)
  • FIG. 32: CRT-D market, 2014 - 2025 (USD Million)
  • FIG. 33: CRT-P market, 2014 - 2025 (USD Million)
  • FIG. 34: CRM devices market : Regional outlook & key takeaways
  • FIG. 35: Regional outlook, 2016 & 2025
  • FIG. 36: North America CRM devices market, 2014 - 2025 (USD Million)
  • FIG. 37: U.S. Cardiac Rhythm Management Devices market, 2014 - 2025 (USD Million)
  • FIG. 38: Canada Cardiac Rhythm Management Devices market, 2014 - 2025 (USD Million)
  • FIG. 39: Europe CRM devices market, 2014 - 2025 (USD Million)
  • FIG. 40: U.K. CRM devices market, 2014 - 2025 (USD Million)
  • FIG. 41: Germany CRM devices market, 2014 - 2025 (USD Million)
  • FIG. 42: Asia Pacific CRM devices market, 2014 - 2025 (USD Million)
  • FIG. 43: Japan CRM devices market, 2014 - 2025 (USD Million)
  • FIG. 44: China CRM devices market, 2014 - 2025 (USD Million)
  • FIG. 45: Latin America CRM devices market, 2014 - 2025 (USD Million)
  • FIG. 46: Brazil Cardiac Rhythm Management Devices market, 2014 - 2025 (USD Million)
  • FIG. 47: Mexico CRM devices market, 2014 - 2025 (USD Million)
  • FIG. 48: Middle East and Africa CRM devices market, 2014 - 2025 (USD Million)
  • FIG. 49: South Africa CRM devices market, 2014 - 2025 (USD Million)
  • FIG. 50: Strategy framework
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