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Global Cardiac Rhythm Management (CRM) Devices Market 2017-2021

Global Cardiac Rhythm Management (CRM) Devices Market 2017-2021

About Cardiac Rhythm Management (CRM) Devices

CRM devices are used for treating all the major heart conditions such as coronary artery disease (CAD), stroke, cardiac arrest, and arrhythmia. The global CRM devices market is increasing owing to the rising prevalence of CVDs, increasing uptake of MCT, and growing patient awareness. There are three types of CRM devices available such as defibrillators, pacemakers, and CRT devices. The global pacemakers market will grow at a rapid pace followed by defibrillators and CRT devices. By geography, the Americas, EMEA, and APAC will showcase rapid growth rate during the forecast period. APAC will grow at the fastest pace during the forecast period followed by EMEA and the Americas.

Technavio’s analysts forecast the global cardiac rhythm management (CRM) devices market to grow at a CAGR of 7.64% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global cardiac rhythm management (CRM) devices market for 2017-2021. To calculate the market size, the report considers the total sales volume and the revenue generated from it.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Cardiac Rhythm Management (CRM) Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott
  • Boston Scientific
  • Medtronic
Other prominent vendors
  • BIOTRONIK
  • Cardiac Science
  • CCC Medical Devices (acquired by Greatbatch)
  • Cook Medical
  • GE Healthcare
  • Integer
  • Mortara Instrument (acquired by Hill-Rom Holdings)
  • Neovasc
  • Philips Healthcare
  • Physio-Control (Subsidiary of Stryker)
  • Röchling Medical
  • Schiller
  • LivaNova
  • ZOLL Medical
Market driver
  • Rising incidence of CVDs
  • For a full, detailed list, view our report
Market challenge
  • Dearth of skilled healthcare professionals 
  • For a full, detailed list, view our report
Market trend
  • Technological advances
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Cardiac Rhythm Management (CRM) Devices Market 2017-2021

Technavio recognizes the following companies as the key players in the global cardiac rhythm management (CRM) devices market: Abbott, Boston Scientific, and Medtronic

Other Prominent Vendors in the market are: BIOTRONIK, Cardiac Science, CCC Medical Devices (acquired by Greatbatch), Cook Medical, GE Healthcare, Integer, Mortara Instrument (acquired by Hill-Rom Holdings), Neovasc, Philips Healthcare, Physio-Control (Subsidiary of Stryker), Rochling Medical, Schiller, LivaNova, and ZOLL Medical.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Technological advances. There have been several advancements in the CRM devices. The ICD has seen advancement in the battery life. There have been improvements in patient monitoring to avoid needless shocks, the introduction of quadripolar lead devices to improve device programming and to improve therapy efficacy, and development of magnetic resonance imaging (MRI)-safe ICDs. The newer ICDs have been offering pacing functions and the devices are now integrated with wireless remote monitoring, without having the patient to visit the clinic on a regular basis.”

According to the report, one of the major drivers for this market is Rising incidence of CVDs. The increasing burden of vascular diseases such as CADs, PADs, CVDs, and neurovascular diseases will increase the patient pool. Factors such as diabetes, aging population, obesity, and hypertension are the major factors leading to vascular diseases. The increasing prevalence of cardiac disorders will lead to higher demand for CRM devices.

Further, the report states that one of the major factors hindering the growth of this market is Dearth of skilled healthcare professionals . CVDs are the leading cause of mortality in the world. The cardiovascular segment has seen much advancement in the recent years, but the shortage of cardiovascular (CV) workforce has become the subject of intense scrutiny in recent years. Forecasters predict a higher shortage of cardiologist in the future. The growing burden of CVD is the most significant factor influencing the demand of cardiologists. According to NCBI, CVD accounts for more than 17.3 million deaths globally per year. It is projected that by 2030, over 40% of the US population is projected to have CVD.

Companies Mentioned

Abbott, Boston Scientific, Medtronic, BIOTRONIK, Cardiac Science, CCC Medical Devices (acquired by Greatbatch), Cook Medical, GE Healthcare, Integer, Mortara Instrument (acquired by Hill-Rom Holdings), Neovasc, Philips Healthcare, Physio-Control (Subsidiary of Stryker), Rochling Medical, Schiller, LivaNova, and ZOLL Medical.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Market scenario for CRM devices
  • Market landscape
    • Market overview
      • Table Global CRM devices market
      • Table Market overview of CRM devices (2017-2021)
    • Market size and forecast
      • Table Global CRM devices market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Segmentation by product
      • Table Product - market size & forecast (2016-2021)
    • Comparison by product
      • Table Comparison by Product
    • Defibrillators - market size & forecast
      • Table Defibrillators - Market size & forecast 2016-2021 ($ billions)
      • Table Defibrillators - Year-over-year growth 2017-2021 (%)
    • Pacemakers - market size & forecast
      • Table Pacemakers - Market size & forecast 2016-2021 ($ billions)
      • Table Pacemakers - Year-over-year growth 2017-2021 (%)
    • CRT devices - market size & forecast
      • Table CRT devices- Market size & forecast 2016-2021 ($ billions)
      • Table CRT devices - Year-over-year growth 2017-2021 (%)
    • Market opportunity by product
  • Market segmentation by end-user
    • Hospitals
    • ASCs
    • Physicians' clinics
  • Regional landscape
    • Geographical segmentation
      • Table Global - market size & forecast (2016-2021)
    • Regional comparison
      • Table Regional comparison
    • Americas - market size & forecast
      • Table Americas - market size & forecast 2016-2021 ($ billions)
      • Table Prevalence of vascular diseases in US
      • Table Americas - Year-over-year growth 2017-2021 (%)
      • Table Top 2 countries in Americas
    • EMEA - market size & forecast
      • Table EMEA - market size & forecast 2016-2021 ($ billions)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
      • Table Top 2 countries in EMEA
    • APAC - market size & forecast
      • Table APAC - market size & forecast 2016-2021 ($ billions)
      • Table APAC - Year-over-year growth 2017-2021 (%)
      • Table Top 2 countries in APAC
    • Market opportunity
  • Decision framework
    • Market drivers
    • Market challenges
  • Market trends
    • Technological advances
    • Supportive government and non-government initiatives
  • Vendor landscape
    • Competitive scenario
      • Table Competitive structure analysis of global CRM devices market 2016
    • Other prominent vendors
  • Vendor analysis
    • Vendor overview
    • Abbott
      • Table Abbott: Key highlights
      • Table Abbott: Strength assessment
      • Table Abbott: Strategy assessment
      • Table Abbott: Opportunity assessment
    • Boston Scientific
      • Table Boston Scientific: Key highlights
      • Table Boston Scientific: Strength assessment
      • Table Boston Scientific: Strategy assessment
      • Table Boston Scientific: Opportunity assessment
    • Medtronic
      • Table Medtronic: Revenue by product segment 2017
      • Table Medtronic: Key highlights
      • Table Medtronic: Strength assessment
      • Table Medtronic: Strategy assessment
      • Table Medtronic: Opportunity assessment
  • Appendix
    • List of abbreviations

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