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Cardiac Rhythm Management (CRM) Devices: Global Strategic Business Report

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    Report

  • 274 Pages
  • April 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1056071
Description Jump to:

Global Cardiac Rhythm Management (CRM) Devices Market to Reach $23.9 Billion by 2030

The global market for Cardiac Rhythm Management (CRM) Devices estimated at US$17.6 Billion in the year 2022, is projected to reach a revised size of US$23.9 Billion by 2030, growing at a CAGR of 3.9% over the analysis period 2022-2030. Defibrillators, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$11.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Pacemakers segment is readjusted to a revised 3.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.8 Billion, While China is Forecast to Grow at 6.8% CAGR

The Cardiac Rhythm Management (CRM) Devices market in the U.S. is estimated at US$4.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.2 Billion by the year 2030.

Select Competitors (Total 34 Featured) -

  • Biotronik SE & Co. KG
  • Boston Scientific Corporation
  • Koninklijke Philips NV
  • LivaNova PLC
  • Medtronic, Inc.
  • Physio-Control, Inc.
  • Schiller AG
  • ZOLL Medical Corporation

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Cardiac Rhythm Management (CRM) Devices - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Cardiac Rhythm Management (CRM) Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 3: World 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Pacemakers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Pacemakers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 6: World 18-Year Perspective for Pacemakers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Defibrillators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Defibrillators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 9: World 18-Year Perspective for Defibrillators by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Cardiac Resynchronization Therapy (CRT) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Cardiac Resynchronization Therapy (CRT) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 12: World 18-Year Perspective for Cardiac Resynchronization Therapy (CRT) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
  • Table 13: World Cardiac Rhythm Management (CRM) Devices Market Analysis of Annual Sales in US$ Million for Years 2012 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Cardiac Rhythm Management (CRM) Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 14: USA Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 15: USA Historic Review for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 16: USA 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Product Type - Percentage Breakdown of Value Sales for Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) for the Years 2012, 2023 & 2030
CANADA
  • Table 17: Canada Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 18: Canada Historic Review for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 19: Canada 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Product Type - Percentage Breakdown of Value Sales for Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) for the Years 2012, 2023 & 2030
JAPAN
  • Cardiac Rhythm Management (CRM) Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 20: Japan Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 21: Japan Historic Review for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 22: Japan 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Product Type - Percentage Breakdown of Value Sales for Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) for the Years 2012, 2023 & 2030
CHINA
  • Cardiac Rhythm Management (CRM) Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 23: China Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 24: China Historic Review for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 25: China 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Product Type - Percentage Breakdown of Value Sales for Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) for the Years 2012, 2023 & 2030
EUROPE
  • Cardiac Rhythm Management (CRM) Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 26: Europe Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 27: Europe Historic Review for Cardiac Rhythm Management (CRM) Devices by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 28: Europe 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2023 & 2030
  • Table 29: Europe Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 30: Europe Historic Review for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 31: Europe 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Product Type - Percentage Breakdown of Value Sales for Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) for the Years 2012, 2023 & 2030
FRANCE
  • Cardiac Rhythm Management (CRM) Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 32: France Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 33: France Historic Review for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 34: France 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Product Type - Percentage Breakdown of Value Sales for Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) for the Years 2012, 2023 & 2030
GERMANY
  • Cardiac Rhythm Management (CRM) Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 35: Germany Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 36: Germany Historic Review for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 37: Germany 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Product Type - Percentage Breakdown of Value Sales for Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) for the Years 2012, 2023 & 2030
ITALY
  • Table 38: Italy Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 39: Italy Historic Review for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 40: Italy 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Product Type - Percentage Breakdown of Value Sales for Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) for the Years 2012, 2023 & 2030
UNITED KINGDOM
  • Cardiac Rhythm Management (CRM) Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 41: UK Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 42: UK Historic Review for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 43: UK 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Product Type - Percentage Breakdown of Value Sales for Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) for the Years 2012, 2023 & 2030
SPAIN
  • Table 44: Spain Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 45: Spain Historic Review for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 46: Spain 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Product Type - Percentage Breakdown of Value Sales for Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) for the Years 2012, 2023 & 2030
RUSSIA
  • Table 47: Russia Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 48: Russia Historic Review for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 49: Russia 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Product Type - Percentage Breakdown of Value Sales for Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) for the Years 2012, 2023 & 2030
REST OF EUROPE
  • Table 50: Rest of Europe Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 51: Rest of Europe Historic Review for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 52: Rest of Europe 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Product Type - Percentage Breakdown of Value Sales for Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) for the Years 2012, 2023 & 2030
ASIA-PACIFIC
  • Cardiac Rhythm Management (CRM) Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 53: Asia-Pacific Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 54: Asia-Pacific Historic Review for Cardiac Rhythm Management (CRM) Devices by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 55: Asia-Pacific 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2023 & 2030
  • Table 56: Asia-Pacific Recent Past, Current & Future Analysis for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 57: Asia-Pacific Historic Review for Cardiac Rhythm Management (CRM) Devices by Product Type - Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
  • Table 58: Asia-Pacific 18-Year Perspective for Cardiac Rhythm Management (CRM) Devices by Product Type - Percentage Breakdown of Value Sales for Defibrillators, Pacemakers and Cardiac Resynchronization Therapy (CRT) for the Years 2012, 2023 & 2030
AUSTRALIA
  • Cardiac Rhythm Management (CRM) Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Cardiac Rhythm Management (CRM) Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Cardiac Rhythm Management (CRM) Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Cardiac Rhythm Management (CRM) Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Cardiac Rhythm Management (CRM) Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Biotronik Se & Co. Kg
  • Boston Scientific Corporation
  • Koninklijke Philips Nv
  • Livanova Plc
  • Medtronic, Inc.
  • Physio-Control, Inc.
  • Schiller Ag
  • Zoll Medical Corporation

Table Information

Report AttributeDetails
No. of Pages274
PublishedApril 2024
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 17.6 Billion
Forecasted Market Value ( USD ) by 2030 $ 23.9 Billion
Compound Annual Growth Rate3.9%
Regions CoveredGlobal

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