Cardiac Rhythm Management Devices Market Report: Trends, Forecast and Competitive Analysis to 2030

Cardiac Rhythm Management Devices Trends and Forecast

The future of the global cardiac rhythm management devices market looks promising with opportunities in the hospital & clinic and ambulatory surgery center markets. The global cardiac rhythm management devices market is expected to reach an estimated $19.3 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are rising prevalence of cardiovascular diseases, growing awareness towards the benefits of cardiac rhythm management devices, and on-going technological advancements are resulting in development of new and innovative devices that are more effective and less invasive.

A more than 150-page report is developed to help in your business decisions.

Cardiac Rhythm Management Devices by Segment

The study includes a forecast for the global cardiac rhythm management devices by product type, end use, and region.

Cardiac Rhythm Management Devices Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Cardiac Pacemakers
• Defibrillators
• Cardiac Resynchronization Therapy Devices

Cardiac Rhythm Management Devices Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals & Clinics
• Ambulatory Surgery Centers
• Others

Cardiac Rhythm Management Devices Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cardiac Rhythm Management Devices Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cardiac rhythm management devices companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cardiac rhythm management devices companies profiled in this report include-

• Physio-Control
• Medtronic
• Abbott
• Boston Scientific Corporation
• Schiller
• Koninklijke Philips
• Biotronik
• Progetti
• Zoll Medical Corporation
• Livanova

Cardiac Rhythm Management Devices Market Insights

Lucintel forecasts that defibrillators will remain the largest segment over the forecast period due to the rising prevalence of out-of-hospital cardiac arrests.

Within this market, hospitals and clinics is expected to remain the largest segment.

North America will remain the largest region due to surge in elderly population and presence of advanced healthcare system in the region.

Features of the Global Cardiac Rhythm Management Devices Market

Market Size Estimates: Cardiac rhythm management devices market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cardiac rhythm management devices market size by product type, end use, and region in terms of value ($B).

Regional Analysis: Cardiac rhythm management devices market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, end uses, and regions for the cardiac rhythm management devices market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cardiac rhythm management devices market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the cardiac rhythm management devices market size?

Answer: The global cardiac rhythm management devices market is expected to reach an estimated $19.3 billion by 2030.

Q.2 What is the growth forecast for cardiac rhythm management devices market?

Answer: The global cardiac rhythm management devices market is expected to grow with a CAGR of 4.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the cardiac rhythm management devices market?

Answer: The major drivers for this market are rising prevalence of cardiovascular diseases, growing awareness towards the benefits of cardiac rhythm management devices, and on-going technological advancements are resulting in development of new and innovative devices that are more effective and less invasive.

Q4. What are the major segments for cardiac rhythm management devices market?

Answer: The future of the cardiac rhythm management devices market looks promising with opportunities in the hospital & clinic and ambulatory surgery center markets.

Q5. Who are the key cardiac rhythm management devices market companies?

Answer: Some of the key cardiac rhythm management devices companies are as follows:

• Physio-Control
• Medtronic
• Abbott
• Boston Scientific Corporation
• Schiller
• Koninklijke Philips
• Biotronik
• Progetti
• Zoll Medical Corporation
• Livanova

Q6. Which cardiac rhythm management devices market segment will be the largest in future?

Answer: Lucintel forecasts that defibrillators will remain the largest segment over the forecast period due to the rising prevalence of out-of-hospital cardiac arrests.

Q7. In cardiac rhythm management devices market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region due to surge in elderly population and presence of advanced healthcare system in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the cardiac rhythm management devices market by product type (cardiac pacemakers, defibrillators, and cardiac resynchronization therapy devices), end use (hospitals & clinics, ambulatory surgery centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?