Global Heart rhythm devices Market Forecast to 2030
The most recent market research study by Emergen Research, titled Global Heart Rhythm Devices Market, offers an estimated market size and share, recent industry trends, global market growth rates, key drivers and opportunities, challenges, product segmentation, and major market players. Cost structure, market size, competitive environment, product portfolio and details, and company profiles.
The global heart rhythm devices market size reached USD 18.10 Billion in 2021 and is expected to register a revenue CAGR of 6.4% during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of cardiovascular ailments, such as heart failure, atrial fibrillation, coronary ischemia, and others, are driving market revenue growth. Heart rhythm devices are used to treat cardiovascular ailments including arrhythmia or cardiac arrest. According to World Health Organization, 30% of global fatalities are due to cardiovascular diseases, while over 30 million people worldwide are suffering from cardiac arrhythmia. Rapid adoption of novel technologies, such as inclusion of Artificial Intelligence (AI) in biomedical devices, is leading to invention of new and user-friendly devices. In addition, increased patient awareness is also an important factor in surging demands for heart rhythm devices worldwide.
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Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
Medtronic (Ireland), Boston Scientific (US), Abbott Laboratories (US), GE Healthcare (US), BIOTRONIK (Germany), Hill-Rom Holding (US), and Koninklijke Philips (Netherlands), Cardiac Science, Livanova, Schiller AG, Biotelemetry, Applied Cardiac System
Market Dynamics:
The report offers insightful information about the market dynamics of the Heart rhythm devices market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Heart rhythm devices market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Heart rhythm devices market.
Radical Highlights of the Heart rhythm devices Market Report:
- Comprehensive overview of the Heart rhythm devices market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Heart rhythm devices market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Some Key Highlights From the Report
- The defibrillator segment accounted for largest revenue share in 2021. Increasing number of automated external defibrillators are getting installed in public places such as shopping malls, train and flight stations, and other areas. These defibrillators are popularly known as Public Access Defibrillators (PAD) because they can be used by any novice person in case of an emergency. Increased installation of these defibrillators is driving revenue growth of this segment. According to Cleveland Clinic, automated external defibrillators can be used to treat a patient affected by cardiac arrest, tachycardia (increased heartbeat) as well as bradycardia (slow heartbeat).
- The hospital segment accounted for largest revenue share in 2021. Cardiovascular diseases demand highly precise results from high-end medical devices, which are installed largely in hospitals. Thus, availability of heart rhythm medical devices in hospitals accompanied by an increasing number of patients suffering from cardiac fibrillation and other diseases is driving revenue growth of this segment.
- The North America market accounted for largest revenue share in 2021. Adoption of modern technologies, surging elderly population, and highly advanced medical infrastructure are major causes of high rate of market expansion in North American countries. According to United Health Foundation, a U.S.-based non-profit organization, over 54 million adult population live in the U.S., as of 2021. This accounts for 16.5% of entire population of the country. It is expected that growing geriatric population of the U.S. is expected to reach 85.7 million by 2050 and it will account for around 20% of entire population in the country. In addition, increasing death rate owing to cardiovascular diseases is generating enhanced demand for heart rhythm devices. According to the Center for Disease Control and Prevention (CDC), annual fatality value in the U.S. is 0.65 million.
Heart rhythm devices Market Segmentation:
Market Overview:
The report bifurcates the Heart rhythm devices market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Type Outlook (Volume: Kilo Tons) (Revenue in Million USD; 2017–2027)
- ECG devices
- Product
- Resting ECG Devices
- Stress ECG Devices
- Holter Monitors
- Lead
- Single Lead ECG Wires
- ECG Lead Wires
- Others
- Pacemakers
- Implantable
- External
- Defibrillators
- Product
- ECG devices
- Implantable Cardioverter Defibrillators
- S-ICD
- T-ICD
- External Defibrillators
- Manual External Defibrillator
- Automatic External Defibrillator
- Wearable Cardioverter Defibrillator
- Implantable Loop Recorders
- Cardiac Resynchronization Therapy (CRT)
- Cardiac Resynchronization Therapy Defibrillators (CRT-D)
- Cardiac Resynchronization Therapy Pacemakers (CRT-P)
- Others
- Implantable Cardioverter Defibrillators
- Applications Outlook (Volume: Kilo Tons) (Revenue in Million USD; 2017–2027)
- Bradycardia
- Tachycardia
- Heart Failure
- Others
- End Use Outlook (Volume: Kilo Tons) (Revenue in Million USD; 2017–2027)
- Hospitals
- Clinics
- Ambulatory Surgical Centers,
- Home Care Settings
- Others
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the Heart rhythm devices Market report is an exhaustive database that will help readers formulate lucrative strategies. The Heart rhythm devices Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Heart rhythm devices market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Heart rhythm devices with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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