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(Medical-NewsWire.com, February 26, 2016 ) Cardiac rhythm management (CRM) is a well-established segment of the cardiology devices market. CRM majorly consists of devices such as implantable cardioverter defibrillators (ICD), implantable pacemakers, and other CRM monitoring devices. Cardiac rhythm management devices are commonly used for the treatment of arrhythmias specifically superventricular arrhythmias (SVA) and ventricular arrhythmias (VA) and heart failure. CRM devices can be very efficient in decreasing the number of Sudden Cardiac Death (SCD). SCD is an unexpected death due to cardiac causes occurring in a short time period (generally within 1 hour of symptom onset) in a person with known or unknown cardiac disease.
The emerging markets are offering significant potential for companies able to establish distribution channels in the region. However, low reimbursement and costs of living provide intense pricing pressure for market entrants. With limited financial resources available, current devices are largely unaffordable in developing countries, and significant reductions are expected in future as manufacturing operations improve and distribution becomes more global. In response to significant cost concerns, there are many companies which are developing value-tier platforms that enable the sale of lower-cost devices. As physician use and adoption continues to increase in these regions, significant market expansion is expected.
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The report provides a comprehensive study of global cardiac rhythm management (CRM) market and also the regional markets. The competition in the global CRM market is intense among large players like Medtronic, St. Jude Medical and Boston Scientific. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.
The key factors driving the growth of the CRM market are growing consumption of tobacco and alcohol, rising global population, rising healthcare expenditure, the rise of irrigated RF ablation catheter device, expansion in emerging markets and increasing prevalence of cardiac arrhythmias. Some of the noteworthy trends and developments of this industry are new product launch, rising demand of leadless pacemaker, ICD procedure growth trend, increased adoption of subcutaneous ICD, introduction of quadripolar lead devices. However, the expansion of market is hindered by regulatory and environment issues.
Table of Content
1. Market Overview
1.1 Cardiac Rhythm Management (CRM) Devices
1.2 Types of Cardiac Rhythm Management (CRM) Devices
1.2.1 Catheter Ablation
1.2.2 Cardiac Resynchronization Therapy (CRT)
1.2.3 Implantable CardioverterDefibrillator (ICD)
1.2.4 Pacemakers
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2. Cardiac Rhythm Management Analysis
2.1 Global CRM Market
Annual Market Value
Quarterly Market Value
Growth Rate
2.1.1 Global ICD Market
Annual Market Value
Quarterly Market Value
Growth Rate
2.1.2 Global Pacemaker Market
Annual Market Value
Quarterly Market Value
Growth Rate
2.1.3 Global Cather Ablation Market
Market Volume
Market Segments
2.2 The US
CRM Quarterly Market Value
ICD Annual Market Value
ICD Quarterly Market Value
Pacemaker Annual Market Value
Pacemaker Quarterly Market Value
3. Market Dynamics
3.1 Growth Drivers
3.1.1 Growing Consumption of Tobacco and Alcohol
3.1.2 Growing Ageing Population
3.1.3 Rising Obese Population
3.1.4 Accelerating Economic Growth
3.1.5 Rising Healthcare Expenditure
3.1.6 Rise of Irrigated RF Ablation Catheter Devices
3.1.7 Emerging Market Adoption to Increase Sales
3.1.8 Primary Prevention on the Rise Globally
3.1.9 Increasing Prevalence of Cardiac Arrhythmias
3.2 Trends and Developments
3.2.1 New Product Launch
3.2.2 Growth of Biventricular Therapy Device
3.2.3 Rising Demand for Leadless Pacemaker
3.2.4 ICD Procedure Growth Trend
3.2.5 Increased Adoption of Subcutaneous ICD
3.2.6 Introduction of Quadripolar Lead Devices
3.2.7 Pacemaker with Options for Magnetic Resonance Imaging
3.3 Challenges
3.3.1 Regulatory Issues
3.3.2 Environment Issues
4. Competitive Landscape
4.1 Global Market
4.1.1 Global CRM Market
4.1.2 Global ICD Market
4.1.3 Global Pacemaker Market
4.2 The US
4.2.1 CRM Market
4.2.2 ICD Market
4.2.3 Pacemaker Market
5. Company Profiles
5.1 Boston Scientific
5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies
5.2 Medtronic Inc.
5.2.1 Business Overview
5.2.2 Financial Overview
5.2.3 Business Strategies
5.3 St. Jude Medical
5.3.1 Business Overview
5.3.2 Financial Overview
5.3.3 Business Strategies
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