18 June 2020
Visiongain has launched a new pharma report Cardiac Rhythm Management Devices Market Report 2020-2030: Forecasts by Product (Pacemakers (Implantable & External), Cardiac Resynchronization Therapy (CRT-Defibrillator & CRT-Pacemakers), Defibrillators (Implantable Cardioverter Defibrillators (ICD) & External Defibrillator)), and Geography (North America, Latin America, Europe, Asia Pacific, MEA).
The global Cardiac Rhythm Management (CRM) Devices Market is anticipated to grow at a lucrative CAGR of xyz% and anticipated to reach USD xyz billion by 2020. Visiongain anticipates that the market is projected to witness a healthy growth rate owing to the technological advancements coupled with the high adoption rate of cardiac rhythm management devices across the developed economies.
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Over recent years, heart irregularities have been the primary cause of death. According to estimates by the World Health Organization (WHO), around 17.9 million mortality occurs each year in cardiovascular diseases (CVDs). Because CVDs are slow to develop symptoms, it is usually known as the "silent epidemic." They are also considered to be one of the most costly conditions for treatment. CRM devices are not only used for the management and monitoring of heart problems but are also used for healing, repair, and healing. In America and Europe, the increase in aging populations is likely to cause an increase in the number of patients with heart rhythm disorders.
However, the therapeutic radiation used for cancer can influence an implantable patient's operation. Implantable equipment technology uses a CMOS, which is vulnerable to damage by therapeutic doses of radiation but can vary by type of equipment used. The fact that implants are highly susceptible and their malfunction can have serious consequences is one of the main factors limiting the extent to which cardiac rhythm management devices can be used. On the other hand, the high cost of these devices restricts the market growth.
North America holds the majority of market share followed by Europe and will continue to dominate in the future as a result of several research projects in the region, coupled with funding for research institutes from the government. Also, the market will continue to be driven by the existence of the target population and increased R&D investment by important business organizations. Asia Pacific region is expected to experience the highest growth in terms of CAGR over the forecast period owing to the growing presence of CVDs patient pool in markets such as India and China. Additionally, unmet needs of patients and untapped nations in this region have been attracting investments by global players and this is expected to boost the Cardiac Rhythm Management Devices Market growth over the forecast period.
Currently, key players are forming various strategies such as acquisitions, mergers, partnerships, collaborations, and launching new products to strengthen their position in the global cardiac rhythm management devices market. Companies are also expanding their R&D, distribution, and management facilities to expand their business and to hold a competitive edge in the Cardiac Rhythm Management Devices Market.
The comprehensive market report features companies such as Abbott Laboratories, Asahi Kasei Corporation, AliveCor, BioTelemetry, Boston Scientific, Biotronik, BPL Medical Technologies, CardioComm Solutions, EPI Mobile Health Solutions, GE Healthcare, Hill-Rom Holdings, Koninklijke Philips, Lepu Medical Technology, Medtronic, Nihon Kohden, Shenzhen Mindray Bio-Medical Electronics, among other prominent players. Also the research study offers market estimation and forecast for the period ranging 2020-2030 for global markets such as North America, Latin America, Europe, Asia Pacific and MEA along with regional sub-markets as U.S., Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Russia, India, Japan, China, Australia, ASEAN, GCC and South Africa.
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