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Cardiac Rhythm Management (CRM) Devices and Equipment Global Market Report 2020-30: COVID-19 Impact and Recovery

  • ID: 4871577
  • Report
  • October 2020
  • Region: Global
  • The Business Research Company
Cardiac Rhythm Management (CRM) Devices and Equipment Global Market Report 2020-30: COVID-19 Impact and Recovery provides strategists, marketers and senior management with the critical information they need to assess the global cardiac rhythm management (crm) devices and equipment market as it emerges from the COVID-19 shut down.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the cardiac rhythm management (crm) devices and equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Cardiac Rhythm Management (CRM) Devices and Equipment Market Global Report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive land scape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The Market Characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive land scape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:
1) By Product: Pacemakers; Defibrillators; Cardiac Resynchronization Therapy (CRT)
2) By End User: Hospitals; Ambulatory surgical centers; Physicians Clinics
3) By Application: Bradycardia; Tachycardia; Heart Failure; Others
4) By Pacemakers: Implantable Pacemakers; External Pacemakers
5) By Defibrillators: Implantable Cardioverter Defibrillators; External Defibrillator
6) By Cardiac Resynchronization Therapy (CRT): CRT-Defibrillators (CRT-D); CRT-Pacemakers (CRT-P)

Companies Mentioned: Abbott; Medtronic; Biotronik; Cardiac Science Corporation; Schiller AG

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data Segmentations: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Table of Contents

1. Executive Summary2. Cardiac Rhythm Management Devices And Equipment Market Characteristics
3. Cardiac Rhythm Management Devices And Equipment Market Size And Growth
3.1. Global Cardiac Rhythm Management Devices And Equipment Historic Market, 2015-2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Cardiac Rhythm Management Devices And Equipment Forecast Market, 2019-2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Cardiac Rhythm Management Devices And Equipment Market Segmentation
4.1. Global Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Pacemakers
  • Defibrillators
  • Cardiac Resynchronization Therapy (CRT)
4.2. Global Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Hospitals
  • Ambulatory surgical centers
  • Physicians Clinics
4.3. Global Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Bradycardia
  • Tachycardia
  • Heart Failure
  • Others
4.4. Global Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Pacemakers, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Implantable Pacemakers
  • External Pacemakers
4.5. Global Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Defibrillators, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Implantable Cardioverter Defibrillators
  • External Defibrillator
4.6. Global Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Cardiac Resynchronization Therapy (CRT), Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • CRT-Defibrillators (CRT-D)
  • CRT-Pacemakers (CRT-P)

5. Cardiac Rhythm Management Devices And Equipment Market Regional And Country Analysis
5.1. Global Cardiac Rhythm Management Devices And Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Cardiac Rhythm Management Devices And Equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6. Asia-Pacific Cardiac Rhythm Management Devices And Equipment Market
6.1. Asia-Pacific Cardiac Rhythm Management Devices And Equipment Market Overview
6.2. Asia-Pacific Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6.3. Asia-Pacific Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6.4. Asia-Pacific Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
7. China Cardiac Rhythm Management Devices And Equipment Market
7.1. China Cardiac Rhythm Management Devices And Equipment Market Overview
7.2. China Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion
7.3. China Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion
7.4. China Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion
8. India Cardiac Rhythm Management Devices And Equipment Market
8.1. India Cardiac Rhythm Management Devices And Equipment Market Overview
8.2. India Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
8.3. India Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
8.4. India Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
9. Japan Cardiac Rhythm Management Devices And Equipment Market
9.1. Japan Cardiac Rhythm Management Devices And Equipment Market Overview
9.2. Japan Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
9.3. Japan Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
9.4. Japan Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
10. Australia Cardiac Rhythm Management Devices And Equipment Market
10.1. Australia Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
10.2. Australia Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
10.3. Australia Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
11. Indonesia Cardiac Rhythm Management Devices And Equipment Market
11.1. Indonesia Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
11.2. Indonesia Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
11.3. Indonesia Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
12. South Korea Cardiac Rhythm Management Devices And Equipment Market
12.1. South Korea Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
12.2. South Korea Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
12.3. South Korea Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
13. Western Europe Cardiac Rhythm Management Devices And Equipment Market
13.1. Western Europe Cardiac Rhythm Management Devices And Equipment Market Overview
13.2. Western Europe Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
13.3. Western Europe Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
13.4. Western Europe Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
14. UK Cardiac Rhythm Management Devices And Equipment Market
14.1. UK Cardiac Rhythm Management Devices And Equipment Market Overview
14.2. UK Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
14.3. UK Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
14.4. UK Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
15. Germany Cardiac Rhythm Management Devices And Equipment Market
15.1. Germany Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
15.2. Germany Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
15.3. Germany Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
16. France Cardiac Rhythm Management Devices And Equipment Market
16.5. France Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
16.6. France Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
16.7. France Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
17. Eastern Europe Cardiac Rhythm Management Devices And Equipment Market
17.1. Eastern Europe Cardiac Rhythm Management Devices And Equipment Market Overview
17.2. Eastern Europe Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
17.3. Eastern Europe Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
17.4. Eastern Europe Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
18. Russia Cardiac Rhythm Management Devices And Equipment Market
18.1. Russia Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
18.2. Russia Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
18.3. Russia Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
19. North America Cardiac Rhythm Management Devices And Equipment Market
19.1. North America Cardiac Rhythm Management Devices And Equipment Market Overview
19.2. North America Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
19.3. North America Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
19.4. North America Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
20. USA Cardiac Rhythm Management Devices And Equipment Market
20.1. USA Cardiac Rhythm Management Devices And Equipment Market Overview
20.2. USA Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
20.3. USA Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
20.4. USA Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
21. South America Cardiac Rhythm Management Devices And Equipment Market
21.1. South America Cardiac Rhythm Management Devices And Equipment Market Overview
21.2. South America Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
21.3. South America Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
21.4. South America Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
22. Brazil Cardiac Rhythm Management Devices And Equipment Market
22.1. Brazil Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
22.2. Brazil Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
22.3. Brazil Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
23. Middle East Cardiac Rhythm Management Devices And Equipment Market
23.1. Middle East Cardiac Rhythm Management Devices And Equipment Market Overview
23.2. Middle East Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
23.3. Middle East Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
23.4. Middle East Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
24. Africa Cardiac Rhythm Management Devices And Equipment Market
24.1. Africa Cardiac Rhythm Management Devices And Equipment Market Overview
24.2. Africa Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
24.3. Africa Cardiac Rhythm Management Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
24.4. Africa Cardiac Rhythm Management Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
25. Cardiac Rhythm Management Devices And Equipment Market Competitive Landscape And Company Profiles
25.1. Cardiac Rhythm Management Devices And Equipment Market Competitive Landscape
25.2. Cardiac Rhythm Management Devices And Equipment Market Company Profiles
25.2.1. Abbott
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Medtronic
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Biotronik
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Cardiac Science Corporation
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Schiller AG
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Cardiac Rhythm Management Devices And Equipment Market27. Cardiac Rhythm Management Devices And Equipment Market Trends And Strategies28. Cardiac Rhythm Management Devices And Equipment Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. About the Publisher
29.5. Copyright And Disclaimer

Executive Summary

The cardiac rhythm management (CRM) devices and equipment market comprises of sales of devices that are effective in managing and restoring the heart’s normal function or rhythm. These devices are used to treat and manage arrhythmia-related diseases such as cardiac arrests, heart failure, or cardiac arrhythmias.

The global cardiac rhythm management (crm) devices and equipment market is expected to decline from $10.1 billion in 2019 to $8.2 billion in 2020 at a compound annual growth rate (CAGR) of -19.1%. The decline is mainly because of the lockdown measures due to the COVID-19 outbreak. The decrease in the demand for cardiovascular devices due to decreased number of cardiac surgeries for reasons such as re-scheduling of surgeries, cancellations and no-show by patients, coupled with the restrictions by government and health authorities to shutdown factories manufacturing these devices to contain the spread of virus and keep the staff safe, contribute to this decline. The market is then expected to recover and grow at a CAGR of 5.1% from 2021 and reach $12.5 billion in 2023.

North America was the largest region in the cardiac rhythm management devices and equipment market in 2017, accounting by 51.5% of the market, followed by Europe, which accounts for 28.3%.

The rising incidences of cardiovascular diseases such as cardiac arrhythmia, ischemic heart disease, and hypertension is driving the CRM devices market. Sedentary lifestyles and medical conditions such as high cholesterol, high blood pressure, obesity and diabetes are major causes of cardiovascular diseases. According to the World Health Organization, in 2016, an estimated 17.9 million people died due to cardiovascular diseases accounting for 31% of all global deaths. Most of these deaths occur due to heart attacks and strokes. As more people suffer from cardiovascular diseases, the demand for cardiac rhythm management and devices is expected to increase.

The risks associated with cardiac rhythm management devices and equipment market is acting as a restraint on the market. CRM devices may pose potential risks such as post-implant infections and contraindications in patients undergoing any type of radiation therapy or diagnosis. Implantable CRM devices contain complementary metal-oxide-semiconductor (CMOS) which may get damaged due to therapeutic doses of radiation. Also, as the implants are highly sensitive devices, any dysfunction may have life threatening consequences for the patients. The considerable amount of risks involved in using CRM devices are affecting the growth of the market.

Technologies such as subcutaneous implantable cardioverter-defibrillator (S-ICD) and leadless cardiac pacemakers (LCP) are being developed to overcome complications with transvenous lead and other CRM devices. The novel modular cardiac rhythm management (mCRM) system allows for the coordination of leadless pacing and defibrillator therapy delivery by providing wireless intra-body communication between devices. This communication is possible by a combination of anti-tachycardia pacing-enabled LCP and S‑ICD. For instance, Medtronic developed the leadless pacemaker Micra which can be placed in the heart through veins and is self-contained within the heart.

Manufacturers of cardiac rhythm management devices and equipment are governed by various regulatory bodies such as the FDA in the USA. The United States Food and Drug Administration recalls any product with safety issues or defects and that can endanger the consumer. In September 2018, the FDA recalled the Platinium implantable cardiac defibrillator and resynchronization therapy defibrillator due to issues with hardware configuration and functioning. The company had to discard all non implanted Platinium devices and follow-up with all patients implanted with these devices.

Major players in the market are Abbott, Medtronic , Biotronik, Cardiac Science Corporation, Schiller AG

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Abbott
  • Medtronic
  • Biotronik
  • Cardiac Science Corporation
  • Schiller AG
  • Hill-Rom Holdings Inc.
  • GE Healthcare
  • Integer
  • Biotelemetry
  • Neovasc
  • Philips Healthcare
  • Physio-Control
  • Stryker
  • Rochling Medical
  • CCC Medical Devices
  • LivaNova
  • ZOLL Medical
  • Hill-Rom Holdings
  • Koninklijke Philips N.V
  • Applied Cardiac System
  • Cook Medical
  • Abiomed Inc.
  • Berlin Heart GmbH
  • Brotionik SE and Co. KG
  • Jarvik Hearth. Inc
  • MicroPort
  • ReliantHeart Inc
  • Pacetronix
  • Qinming Medical

Methodology

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