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Cardiac Rhythm Management Devices Market to witness Robust Expansion by 2030 | Type, Application, Growth Factor

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Meera Singh
Cardiac Rhythm Management Devices Market to witness Robust Expansion by 2030 | Type, Application, Growth Factor

Cardiac Rhythm Management Devices Market is expected to grow with a CAGR of 6.5% during the forecast period of 2021 to 2030. The study analyzes the market in terms of revenue and sales volume across all the major markets. Cardiac Rhythm Management (CRM) is the treatment of arrhythmias, which are heart rhythm disorders. Arrhythmias cause dizzy spells, blackouts, palpitations and sudden cardiac arrest in patients. Cardiac Rhythm Management usually involves implanting of electronic devices such as defibrillators and pacemakers. Cardiac rhythm management devices are used to determine heart health and enable the physicians to offer a faster diagnosis. Various CRM devices are also being utilized to monitor patient activity and intracardiac pressures. The extensive use of cardiac rhythm management devices (CRMDs) is substantially improving the long-term prognosis and survival rates.

The key market players profiled in the report include Siemens AG, 3M Company (3M), Abiomed, Inc.(ABIOMED), Berlin Heart GmbH (Berlin Heart), Biotronik SE & Co. KG, Boston Scientific Corporation, Cardiac Science Corporation, General Electric Company (General Electric), Hill-Rom Services Inc., Jarvik Heart, Inc., Koninklijke Philips N.V., LivaNova PLC, Medtronic, NIHON KOHDEN CORPORATION, and ZOLL Medical Corporation amongst others.

Browse In-depth Market Research Report on Cardiac Rhythm Management Devices Industry:https://www.absolutemarketsinsights.com/reports/Cardiac-Rhythm-Management-Devices-Market-2018-2026-158

Cardiac Rhythm Management Devices Market, by Product

Pacemakers (PM) are among the most commonly used cardiac rhythm management devices, which give electrical impulses to trigger the heartbeat when it is slow or stops altogether. An Implantable Cardioverter Defibrillator (ICD) automatically delivers a shock to restore the normal rhythm by detecting fast or chaotic beating of heart’s main pumping chamber, which often leads to sudden cardiac arrests. Most cardiac rhythm management devices also act as pacemakers and both these devices provide constant care to patients with irregular heart rhythms.

Cardiac Rhythm Management Devices Market, by Region

The significant presence of population requiring cardiac rhythm management therapy, due to the prevalence of serious risk factors such as diabetes, hypertension, obesity, and congestive heart failure across regions is influencing the demand of CRMDs in this market. Boston Scientific is a medical device manufacturer based in Marlborough, Massachusets, US, which markets a wide range of CRM devices. It is among the leading manufacturers of these products including RHYTHMIA HDx Mapping System that enables physicians to provide personalized care to patients suffering from arrhythmias. Biotronik is a company headquartered in Berlin, Germany and is gaining popularity for their CRT pacemaker with remote monitoring called Etrinsa 8 HF-T. The availability of such devices in the market catering to the specific requirements of cardiac patients is substantially improving cardiac care standards.

Competitive Landscape

The report provides both, qualitative and quantitative research of the cardiac rhythm management devices market, as well as provides worthy insights into the rational scenario and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their headquarter, competitors, product/service type, application and specification, pricing, and gross margin.

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Company: Absolute Markets Insights

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Website: www.absolutemarketsinsights.com/

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