Cardiac Rhythm Management Market Size, Share, & COVID-19 Impact Analysis - Global - 2022-2028 - MedSuite - Includes: Pacemakers, Cardiac Ablation Catheters, and 6 more
The global cardiac rhythm management, electrophysiology & cardiac ablation market is valued at approximately $17.5 billion in 2021 and is expected to grow at a CAGR of 4.9% to reach over $24 billion during the forecast period. The full report suite on this market covers various products such as pacemakers, implantable cardioverter-defibrillators (ICDs), cardiac resynchronization therapy devices (CRTs), cardiac leads, implantable loop recorders (ILRs), electrophysiology (EP) lab systems, diagnostic electrophysiology (EP) catheters, and cardiac ablation catheters. With an increasing demand for advanced medical devices for the treatment of heart diseases, the market for cardiac rhythm management, electrophysiology & cardiac ablation is poised for steady growth in the coming years.
MARKET REPORT DATA TYPES INCLUDED
Unit Sales, Average Selling Prices, Market Size & Growth Trends
Procedure Numbers
COVID-19 Impact Analysis
Market Drivers & Limiters
Market Forecasts Until 2028, and Historical Data to 2018
Recent Mergers & Acquisitions
Company Profiles and Product Portfolios
Leading Competitors
GLOBAL CARDIAC RHYTHM MANAGEMENT MARKET TRENDS
The cardiac rhythm management and ablation sector is rapidly evolving with new technologies emerging on a regular basis. In the last decade, there have been significant improvements in the capabilities and battery lifespan of pacemakers and ICDs. Over the forecast period, the adoption of wireless technology is expected to make it easier for doctors to monitor and adjust the functions of these devices. This will likely result in higher sales of pacemakers and ICDs, as well as maintain high selling prices due to the incorporation of advanced technologies. The continued development and integration of new technologies will be a key driver of growth in this market in the coming years.
GLOBAL CARDIAC RHYTHM MANAGEMENT MARKET SHARE INSIGHTS
The global cardiac rhythm management device market is dominated by three major players - Medtronic, Abbott, and Boston Scientific. Out of the more than 60 companies analyzed in this market, these three companies hold a significant market share and are recognized as the industry leaders.
Medtronic has maintained a strong presence in the total market for cardiac rhythm management (CRM), electrophysiology (EP) and ablation through brand recognition, strong customer support and a large sales force.
MARKET SEGMENTATION SUMMARY
While this report suite contains all global cardiac rhythm management devices data, each of the markets is also available as a stand-alone report, a MedCore.
Pacemaker Market – Includes:
Single-Chamber Pacemaker, Dual-Chamber Pacemaker, and Leadless Pacemaker
Implantable Cardioverter Defibrillator Market – Includes:
Single-Chamber ICD, Dual-Chamber ICD, and S-ICDs
Cardiac Resynchronization Therapy Device Market – Includes:
CRT-P, CRT-D
Cardiac Lead Market – Includes:
Pacing Lead, Defibrillation Lead, and LV Lead
Implant Loop Recorder Market
Electrophysiology Lab System Market – Includes:
3D Mapping System, EP Recording System
Diagnostic Electrophysiology Catheter Market – Includes:
Conventional EP Catheter, Advanced EP Catheter, and ICE Catheter
Cardiac Ablation Catheter Market – Includes:
RF Ablation Catheter, Cryoablation Catheter
RESEARCH SCOPE SUMMARY
Regions: North America (Canada, United States), Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela), Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.), Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine), Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates), Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam), Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda)
Base Year: 2021
Forecast: 2021-2028
Historical Data: 2018-2021
Quantitative Coverage: Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.
Qualitative Coverage: COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews.
Data Sources: Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database.
WHY CHOOSE IDATA?
Experts Only– iData has been around for over 17 years and is the trusted source of intelligence, and data-driven insights for key industry players. We are made up of specialists with a sole focus on medical devices, dental devices and pharmaceuticals. Our research and consulting field of endeavour never strays from the medical device industry and, because of this, we are the number one choice for leading companies in this field.
Global Coverage – iData’s unique methodology, and its expansion to over 70 countries world-wide, has made it one of the most viable sources of intelligence for global companies along with those who plan to expand their portfolio beyond the confines of their own country. Providing procedural data at the country level is another testimony to the trusted global coverage we provide.
Attention to Detail – It’s our attention to small details, scheduling of timelines, and keen project management that makes us stand out from the rest. We are creative, and our reports include metrics such as procedure numbers, ASPs, and SKU-level insights that are not found elsewhere.
Pricing – When comparing like-with-like, iData’s prices are not only extremely competitive but also the most cost-effective. We strive for success and want the same for our clients. With the level of detail incorporated into each report alongside the extensive segmentation provided, no other report compares at our price point.
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