Cardiac Monitoring & Cardiac Rhythm Management Devices Market by Product and Geography - Global Forecast and Analysis 2019-2023

Global Cardiac Monitoring & Cardiac Rhythm Management Devices Market: About this market

Technavio’s cardiac monitoring & cardiac rhythm management devices market analysis considers sales from both cardiac rhythm management devices and cardiac monitoring devices in Asia, Europe, North America, and ROW. In 2018, the cardiac rhythm management devices segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising product launches and the growing focus on R&D for the development of advanced devices will play a significant role in the cardiac rhythm management devices segment to maintain its market position. Also, our global cardiac monitoring & cardiac rhythm management devices market report looks at factors such as increasing prevalence of CVDs, increasing awareness initiatives and access to healthcare, and technological advances and new product launches. However, high costs of CM and CRM devices, shortage of skilled clinicians, and increasing enforcement of stringent regulations may hamper the growth of the cardiac monitoring & cardiac rhythm management devices industry over the forecast period.

Global Cardiac Monitoring & Cardiac Rhythm Management Devices Market: Overview

Increasing awareness initiatives and access to healthcare

Public and private organizations are taking initiatives to promote awareness about CVDs and lung diseases. For instance, The Sudden Cardiac Arrest (SCA) Foundation is focusing on increasing awareness and influence attitudinal and behavioral changes for reducing mortality and morbidity from SCA. The Asia Pacific Heart Rhythm Society (APHRS) is another organization focusing on advancing the diagnosis and treatment of patients with heart rhythm disorders in APAC. Such initiatives by organizations lead to an increase in the diagnosis and treatment of CVDs leading to the expansion of the global cardiac monitoring & cardiac rhythm management devices market at a CAGR of almost 5% during the forecast period.

Increasing use of cardiac implants

Cardiac implants like pacemakers, ICDs, and CRT devices, are significantly increasing in several developing and developed countries. The significant improvements in the technology of cardiac implants and patient outcomes have improved experience and confidence of cardiac surgeons to operate on high-risk. Factors driving the utilization of cardiac implants are rising replacement rate of CRM devices; the increasing number of CRM devices implantation facilities; and the growing prevalence of CVDs. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global cardiac monitoring & cardiac rhythm management devices market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of a few major players, the global cardiac monitoring & cardiac rhythm management devices market is concentrated. Technavio’s robust vendor analysis is designed to help clients improve their market position. In line with this, our report provides a detailed analysis of few leading cardiac monitoring & cardiac rhythm management devices manufacturers, that include Abbott Laboratories, Abiomed Inc., Asahi Kasei Corp., Biotronik Inc., Boston Scientific Corp., General Electric Co., Hill-Rom Holdings Inc., Koninklijke Philips NV, Medtronic Plc, SCHILLER AG.

Also, the cardiac monitoring & cardiac rhythm management devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Product overview
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global medical devices market
      • Table Segments of global medical devices market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Cardiac rhythm management devices - Market size and forecast 2018-2023
      • Table Cardiac rhythm management devices - Market size and forecast 2018-2023 ($ millions)
      • Table Cardiac rhythm management devices - Year-over-year growth 2019-2023 (%)
    • Cardiac monitoring devices - Market size and forecast 2018- 2023
      • Table Cardiac monitoring devices - Market size and forecast 2018-2023 ($ millions)
      • Table Cardiac monitoring devices - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • Asia - Market size and forecast 2018-2023
      • Table Asia - Market size and forecast 2018-2023 ($ millions)
      • Table Asia - Year-over-year growth 2019-2023 (%)
    • ROW - Market size and forecast 2018-2023
      • Table ROW - Market size and forecast 2018-2023 ($ millions)
      • Table ROW - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing number of acquisition and strategic collaborations
    • Increasing R&D focus
    • Increasing utilization of cardiac implants
      • Table Cardiac devices - implant rates in 2010 and 2015 (per 100,000 population)
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Abbott Laboratories
      • Table Abbott Laboratories - Vendor overview
      • Table Abbott Laboratories - Business segments
      • Table Abbott Laboratories - Organizational developments
      • Table Abbott Laboratories - Geographic focus
      • Table Abbott Laboratories - Segment focus
      • Table Abbott Laboratories - Key offerings
    • Abiomed Inc.
      • Table Abiomed Inc. - Vendor overview
      • Table Abiomed Inc. - Business segments
      • Table Abiomed Inc. - Organizational developments
      • Table Abiomed Inc. - Geographic focus
      • Table Abiomed Inc. - Key offerings
    • Asahi Kasei Corp.
      • Table Asahi Kasei Corp. - Vendor overview
      • Table Asahi Kasei Corp. - Business segments
      • Table Asahi Kasei Corp. - Organizational developments
      • Table Asahi Kasei Corp. - Geographic focus
      • Table Asahi Kasei Corp. - Segment focus
      • Table Asahi Kasei Corp. - Key offerings
    • Biotronik Inc.
      • Table Biotronik Inc. - Vendor overview
      • Table Biotronik Inc. - Business segments
      • Table Biotronik Inc. - Organizational developments
      • Table Biotronik Inc. - Key offerings
    • Boston Scientific Corp.
      • Table Boston Scientific Corp. - Vendor overview
      • Table Boston Scientific Corp. - Business segments
      • Table Boston Scientific Corp. - Organizational developments
      • Table Boston Scientific Corp. - Geographic focus
      • Table Boston Scientific Corp. - Segment focus
      • Table Boston Scientific Corp. - Key offerings
    • General Electric Co.
      • Table General Electric Co. - Vendor overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Organizational developments
      • Table General Electric Co. - Geographic focus
      • Table General Electric Co. - Segment focus
      • Table General Electric Co. - Key offerings
    • Hill-Rom Holdings Inc.
      • Table Hill-Rom Holdings Inc. - Vendor overview
      • Table Hill-Rom Holdings Inc. - Business segments
      • Table Hill-Rom Holdings Inc. - Organizational developments
      • Table Hill-Rom Holdings Inc. - Geographic focus
      • Table Hill-Rom Holdings Inc. - Segment focus
      • Table Hill-Rom Holdings Inc. - Key offerings
    • Koninklijke Philips NV
      • Table Koninklijke Philips NV - Vendor overview
      • Table Koninklijke Philips NV - Business segments
      • Table Koninklijke Philips NV - Organizational developments
      • Table Koninklijke Philips NV - Geographic focus
      • Table Koninklijke Philips NV - Segment focus
      • Table Koninklijke Philips NV - Key offerings
    • Medtronic Plc
      • Table Medtronic Plc - Vendor overview
      • Table Medtronic Plc - Business segments
      • Table Medtronic Plc - Organizational developments
      • Table Medtronic Plc - Geographic focus
      • Table Medtronic Plc - Segment focus
      • Table Medtronic Plc - Key offerings
    • SCHILLER AG
      • Table SCHILLER AG - Vendor overview
      • Table SCHILLER AG - Product segments
      • Table SCHILLER AG - Organizational developments
      • Table SCHILLER AG - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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