Cardiac Rhythm Management Devices Market Size, Share & Trends Analysis Report By Product (Pacemakers, Defibrillators, CRT), By Region, And Segment Forecasts, 2020 - 2027

Published: Feb, 2020 | Pages: 100 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The global cardiac rhythm management devices market size is anticipated to reach USD 34.1 billion by 2027, as per a new report by Grand View Research, Inc., registering a CAGR of 6.8% over the forecast period. The market has shown constant growth in the adoption of cardiac rhythm management (CRM) devices owing to increasing prevalence of cardiovascular disorders. Cardiovascular Diseases (CVDs) are one of the main causes of mortality in the U.S.; one-fourth of all deaths in the country are the result of CVDs. Stroke and ischemic heart disease account for more than 80% of all cardiac deaths worldwide. According to CDC in 2017, CVDs were responsible for about 800,000 lives lost in the U.S.

Reimbursement policies, such as those introduced by the U.S. Medicare system, are among the major factors boosting the CRM market. Medical device companies now provide new product platforms that are covered under reimbursement programs, which benefit cardiac patients. Reimbursement can be availed for devices such as biventricular pacemakers, single chamber, and dual chamber.

Revolutionary technological progresses are rapidly transforming the CRM devices market, offering lucrative growth potentials. Increase in R&D expenditure and new product launches by leading firms have further fueled market growth. For instance, Biotronik’s Rivacor and Acticor, both high voltage CRM devices for cardiac arrhythmia treatment, gained FDA approval in March 2019. In May that year, Medtronic launched the CareLink SmartSync Device Manager.

Some of the major players in the market for cardiac rhythm management solutions are Physio-Control, Inc. (Stryker); Medtronic; St. Jude Medical; and Boston Scientific Corporation, which account for a significant share in the market owing to their extensive product offerings. Industry players are striving to gain market penetration and adopting strategies such as new product launch and M&As. In March 2019, Zoll acquired Golden Hour Data Systems to optimize its operations with a complete suite of business solutions.

Further key findings from the study suggest:

• By product, defibrillators for cardiac rhythm management held the dominant share due to their high acceptance in countries such as U.S., China, and India

• Implantable cardioverter defibrillators formed the largest sub-segment by product in 2019 owing to better patient outcome

• Among external defibrillators for cardiac rhythm management, the manual variants generated the highest revenue owing to associated benefits such as converting arrhythmia or tachycardia to a normal heartbeat

• Physio-Control, Inc. (Stryker); Medtronic; St. Jude Medical; and Boston Scientific Corporation are some of the major participants in CRM devices market due to their extensive product offerings and strong regional presence.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Market Segmentation and Scope
                     1.1.1 Products
                     1.1.2 Region
                     1.1.3 Estimates and forecast timeline
                 1.2 Research Methodology
                 1.3 Information Procurement
                     1.3.1 Purchased database:
                     1.3.2 GVR’s internal database
                     1.3.3 Secondary sources
                     1.3.4 Primary research
                     1.3.5 Details of primary research
                         1.3.5.1 Data for primary interviews in North America
                         1.3.5.2 Data for primary interviews in Europe
                         1.3.5.3 Data for primary interviews in Asia Pacific
                         1.3.5.4 Data for primary interviews in Latin America
                         1.3.5.5 Data for primary interviews in Middle East and Africa
                 1.4 Information or Data Analysis
                     1.4.1 Data analysis models
                 1.5 Market Formulation & Validation
                 1.6 Model Details
                     1.6.1 Commodity Flow Analysis
                     1.6.2 Volume price analysis (Model 2)
                 1.7 List of Secondary Sources
                 1.8 List of Primary Sources
                 1.9 Objectives
                     1.9.1 Objective 1
                     1.9.2 Objective 2
                     1.9.3 Objective 3
                     1.9.4 Objective 4
Chapter 2 Executive Summary
                 2.1 Market Outlook
                 2.2 Segment Outlook
Chapter 3 CRM Devices Market Variables, Trends & Scope
                 3.1 Market Dynamics
                     3.1.1 Market Driver Analysis
                         3.1.1.1 Increasing incidence of cardiac disorders
                         3.1.1.2 Favorable reimbursement policies
                         3.1.1.3 Growing geriatric population base
                         3.1.1.4 Growing Adoption Of Sedentary Lifestyle
                     3.1.2 Market Restraint Analysis
                         3.1.2.1 Stringent Regulatory Framework
                 3.2 CRM Devices: Market Analysis Tools
                     3.2.1 Industry Analysis - Porter’s
                     3.2.2 Swot Analysis By Factors (Political & Legal, Economic And Technological)
                     3.2.3 Major Deals And Strategic Alliances
                     3.2.4 Cardiac Practices In U.S.
                         3.2.4.1 Product Recalls:
Chapter 4 CRM Devices Market: Segment Analysis, By Product, 2016 - 2027 (USD Million)
                 4.1 Definition And Scope
                 4.2 Product Type Market Share Analysis, 2019 & 2027
                 4.3 Global CRM Devices Market, By Product, 2016 To 2027
                 4.4 Market Size & Forecasts And Trend Analysis, 2016 To 2027
                     4.4.1 Pacemaker
                         4.4.1.1 Pacemaker, 2016 - 2027 (USD Million)
                     4.4.2 Implantable Pacemaker
                         4.4.2.1 Implantable Pacemaker, 2016 - 2027 (USD Million)
                     4.4.3 External Pacemaker
                         4.4.3.1 External Pacemaker, 2016 - 2027 (USD Million)
                     4.4.4 Defibrillators
                         4.4.4.1 Defibrillators, 2016 - 2027 (USD Million)
                         4.4.4.2 Icds
                             4.4.4.2.1 Icds, 2016 - 2027 (USD Million)
                             4.4.4.2.2 S-Icd
                                 4.4.4.2.2.1 S-Icd, 2016 - 2027 (USD Million)
                             4.4.4.2.3 T-Icd
                                 4.4.4.2.3.1 T-Icd, 2016 - 2027 (USD Million)
                         4.4.4.3 External Defibrillators
                             4.4.4.3.1 External Defibrillators, 2016 - 2027 (USD Million)
                             4.4.4.3.2 Manual External Defibrillators
                                 4.4.4.3.2.1 Manual External Defibrillators, 2016 - 2027 (USD Million)
                             4.4.4.3.3 Automatic External Defibrillators (Aed)
                                 4.4.4.3.3.1 Automatic External Defibrillators, 2016 - 2027 (USD Million)
                             4.4.4.3.4 Wearable Cardioverter Defibrillators (Wcd)
                                 4.4.4.3.4.1 wearable Cardioverter Defibrillators, 2016 - 2027 (USD Million)
                     4.4.5 Crt
                         4.4.5.1 Crt, 2016 - 2027 (USD Million)
                         4.4.5.2 Crt Pacemaker
                             4.4.5.2.1 Crt Pacemaker, 2016 - 2027 (USD Million)
                         4.4.5.3 Crt- Defibrillators
                             4.4.5.3.1 Crt-Deffibrillators, 2016 - 2027 (USD Million)
Chapter 5 CRM Devices Market: Regional Market Analysis, By Product, 2016 - 2027 (USD Million)
                 5.1 Definition & Scope
                 5.2 Regional Market Snapshot
                 5.3 Market Size, & Forecasts, Volume And Trend Analysis, 2019 To 2027
                 5.4 North America
                     5.4.1 North America Market Estimates And Forecast, By Country, 2016 - 2027 (USD Million)
                     5.4.2 U.S.
                         5.4.2.1 U.S. CRM Devices Market, 2016 - 2027 (USD Million)
                     5.4.3 Canada
                         5.4.3.1 Canada CRM Devices Market, 2016 - 2027 (USD Million)
                 5.5 Europe
                     5.5.1 Europe CRM Devices Market, By Country, 2016 - 2027 (USD Million)
                     5.5.2 U.K.
                         5.5.2.1 U.K. CRM Devices Market, 2016 - 2027 (USD Million)
                     5.5.3 Germany
                         5.5.3.1 Germany CRM Devices Market, 2016 - 2027 (USD Million)
                     5.5.4 France
                         5.5.4.1 France CRM Devices Market, 2016 - 2027 (USD Million)
                     5.5.5 Italy
                         5.5.5.1 Italy CRM Devices Market, 2016 - 2027 (USD Million)
                     5.5.6 Spain
                         5.5.6.1 Spain CRM Devices Market, 2016 - 2027 (USD Million)
                 5.6 Asia Pacific
                     5.6.1 Asia Pacific CRM Devices Market, By Country, 2016 - 2027 (USD Million)
                     5.6.2 Japan
                         5.6.2.1 Japan Implantation CRM Devices Market, 2016 - 2027 (USD Million)
                     5.6.3 China
                         5.6.3.1 China CRM Devices Market, 2016 - 2027 (USD Million)
                     5.6.4 Australia
                         5.6.4.1 Australia CRM Devices Market, 2016 - 2027 (USD Million)
                     5.6.5 India
                         5.6.5.1 India CRM Devices Market, 2016 - 2027 (USD Million)
                 5.7 Latin America
                     5.7.1 Latin America CRM Devices Market, By Country, 2016 - 2027 (USD Million)
                     5.7.2 Brazil
                         5.7.2.1 Brazil CRM Devices Market, 2016 - 2027 (USD Million)
                     5.7.3 Mexico
                         5.7.3.1 Mexico CRM Devices Market, 2016 - 2027 (USD Million)
                 5.8 Mea
                     5.8.1 Mea CRM Devices Market, By Country 2016 - 2027 (USD Million)
                     5.8.2 South Africa
                         5.8.2.1 South Africa CRM Devices Market, 2016 - 2027 (USD Million)
                     5.8.3 Saudi Arabia
                         5.8.3.1 Saudi Arabia CRM Devices Market, 2016 - 2027 (USD Million)
Chapter 6 CRM Devices Market - Competitive Analysis
                 6.1 Company Profiles
                 6.2 Physio-Control, Inc. (Stryker)
                     6.2.1 Company Overview
                     6.2.2 Financial Performance
                     6.2.3 Product Benchmarking
                     6.2.4 Strategic Initiatives
                 6.3 Schiller
                     6.3.1 Company Overview
                     6.3.2 Product Benchmarking
                     6.3.3 Strategic Initiatives
                 6.4 Medtronic
                     6.4.1 Company Overview
                     6.4.2 Financial Performance
                     6.4.3 Product Benchmarking
                     6.4.4 Strategic Initiatives
                 6.5 St Jude Medical (Abbott)
                     6.5.1 Company Overview
                     6.5.2 Financial Performance
                     6.5.3 Product Benchmarking
                     6.5.4 Strategic Initiatives
                 6.6 Boston Scientific Corporation
                     6.6.1 Company Overview
                     6.6.2 Financial Performance
                     6.6.3 Product Benchmarking
                     6.6.4 Strategic Initiatives
                 6.7 Koninklijke Philips N.V.
                     6.7.1 Company Overview
                     6.7.2 Financial Performance
                     6.7.3 Product Benchmarking
                     6.7.4 Strategic Initiatives
                 6.8 Zoll Medical Corporation
                     6.8.1 Company Overview
                     6.8.2 Product Benchmarking
                     6.8.3 Strategic Initiatives
                 6.9 BIOTRONIK
                     6.9.1 Company Overview
                     6.9.2 Product Benchmarking
                     6.9.3 Strategic Initiatives

List of Tables

Table 1 Primary interview details: North America
Table 2 Primary interview details: Europe
Table 3 Primary interview details: Asia Pacific
Table 4 Primary interview details: Latin America
Table 5 Primary interview details: Middle East and Africa
Table 6 List of secondary sources
Table 7 Technological trends in CRM Devices
Table 8 Recently approved AEDs
Table 9 North America CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 10 North America pacemaker market, by product, 2016 - 2027 (USD Million)
Table 11 North America defibrillator market, by product, 2016 - 2027 (USD Million)
Table 12 North America Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 13 U.S. CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 14 U.S. pacemaker market, by product, 2016 - 2027 (USD Million)
Table 15 U.S. defibrillator market, by product, 2016 - 2027 (USD Million)
Table 16 U.S. Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 17 Canada CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 18 Canada pacemaker market, by product, 2016 - 2027 (USD Million)
Table 19 Canada defibrillator market, by product, 2016 - 2027 (USD Million)
Table 20 Canada Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 21 Europe CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 22 Europe pacemaker market, by product, 2016 - 2027 (USD Million)
Table 23 Europe defibrillator market, by product, 2016 - 2027 (USD Million)
Table 24 Europe Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 25 U.K. CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 26 U.K. pacemaker market, by product, 2016 - 2027 (USD Million)
Table 27 U.K. defibrillator market, by product, 2016 - 2027 (USD Million)
Table 28 U.K. Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 29 Germany CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 30 Germany pacemaker market, by product, 2016 - 2027 (USD Million)
Table 31 Germany defibrillator market, by product, 2016 - 2027 (USD Million)
Table 32 Germany Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 33 France CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 34 France pacemaker market, by product, 2016 - 2027 (USD Million)
Table 35 France defibrillator market, by product, 2016 - 2027 (USD Million)
Table 36 France Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 37 Italy CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 38 Italy pacemaker market, by product, 2016 - 2027 (USD Million)
Table 39 Italy defibrillator market, by product, 2016 - 2027 (USD Million)
Table 40 Italy Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 41 Spain CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 42 Spain pacemaker market, by product, 2016 - 2027 (USD Million)
Table 43 Spain defibrillator market, by product, 2016 - 2027 (USD Million)
Table 44 Spain Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 45 Asia Pacific CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 46 Asia Pacific pacemaker market, by product, 2016 - 2027 (USD Million)
Table 47 Asia Pacific defibrillator market, by product, 2016 - 2027 (USD Million)
Table 48 Asia Pacific Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 49 Japan CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 50 Japan pacemaker market, by product, 2016 - 2027 (USD Million)
Table 51 Japan defibrillator market, by product, 2016 - 2027 (USD Million)
Table 52 Japan Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 53 China CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 54 China pacemaker market, by product, 2016 - 2027 (USD Million)
Table 55 China defibrillator market, by product, 2016 - 2027 (USD Million)
Table 56 China Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 57 Australia CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 58 Australia pacemaker market, by product, 2016 - 2027 (USD Million)
Table 59 Australia defibrillator market, by product, 2016 - 2027 (USD Million)
Table 60 Australia Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 61 India CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 62 India pacemaker market, by product, 2016 - 2027 (USD Million)
Table 63 India defibrillator market, by product, 2016 - 2027 (USD Million)
Table 64 India Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 65 Latin America CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 66 Latin America pacemaker market, by product, 2016 - 2027 (USD Million)
Table 67 Latin America defibrillator market, by product, 2016 - 2027 (USD Million)
Table 68 Latin America Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 69 Brazil CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 70 Brazil pacemaker market, by product, 2016 - 2027 (USD Million)
Table 71 Brazil defibrillator market, by product, 2016 - 2027 (USD Million)
Table 72 Brazil Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 73 Mexico CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 74 Mexico pacemaker market, by product, 2016 - 2027 (USD Million)
Table 75 Mexico defibrillator market, by product, 2016 - 2027 (USD Million)
Table 76 Mexico Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 77 MEA CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 78 MEA pacemaker market, by product, 2016 - 2027 (USD Million)
Table 79 MEA defibrillator market, by product, 2016 - 2027 (USD Million)
Table 80 MEA Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 81 South Africa CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 82 South Africa pacemaker market, by product, 2016 - 2027 (USD Million)
Table 83 South Africa defibrillator market, by product, 2016 - 2027 (USD Million)
Table 84 South Africa Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)
Table 85 Saudi Arabia CRM devices market revenues, by product type, 2016 - 2027 (Revenues USD Million)
Table 86 Saudi Arabia pacemaker market, by product, 2016 - 2027 (USD Million)
Table 87 Saudi Arabia defibrillator market, by product, 2016 - 2027 (USD Million)
Table 88 Saudi Arabia Cardiac Resynchronization Therapy (CRT) market, by products, 2016 - 2027 (USD Million)

List of Figures

Fig. 1 CRM Devices Segmentation and Scope
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Primary interviews in North America
Fig. 6 Primary interviews in Europe
Fig. 7 Primary interviews in Asia Pacific
Fig. 8 Primary interviews in Latin America
Fig. 9 Primary interviews in Middle East and Africa
Fig. 10 Market research approaches
Fig. 11 Value-chain-based sizing & forecasting
Fig. 12 QFD modeling for market share assessment
Fig. 13 Market formulation & validation
Fig. 14 Commodity flow analysis
Fig. 15 Volume price analysis
Fig. 16 Market outlook (2019)
Fig. 17 Segment outlook
Fig. 18 Market driver relevance analysis (Current & future impact)
Fig. 19 CVD prevalence in U.S. (%)
Fig. 20 CVD prevalence in U.S. by cardiac diseases (percentage, %)
Fig. 21 Geriatric population (million)
Fig. 22 Market restraint relevance analysis (Current & future impact)
Fig. 23 Porter’s five forces analysis
Fig. 24 PESTLE analysis
Fig. 25 Strategy mapping
Fig. 26 CRM Devices market: Product movement analysis
Fig. 27 CRM Devices market product outlook: Key takeaways
Fig. 28 Pacemaker, 2016 - 2027 (USD Million)
Fig. 29 Implantable pacemaker, 2016 - 2027 (USD Million)
Fig. 30 External pacemaker, 2016 - 2027 (USD Million)
Fig. 31 Defibrillators, 2016 - 2027 (USD Million)
Fig. 32 ICDs, 2016 - 2027 (USD Million)
Fig. 33 S-ICD, 2016 - 2027 (USD Million)
Fig. 34 T-ICD, 2016 - 2027 (USD Million)
Fig. 35 External defibrillators, 2016 - 2027 (USD Million)
Fig. 36 Manual external defibrillators, 2016 - 2027 (USD Million)
Fig. 37 Automatic external defibrillators, 2016 - 2027 (USD Million)
Fig. 38 Wearable cardioverter defibrillators, 2016 - 2027 (USD Million)
Fig. 39 CRT, 2016 - 2027 (USD Million)
Fig. 40 CRT pacemaker, 2016 - 2027 (USD Million)
Fig. 41 CRT defibrillators, 2016 - 2027 (USD Million)
Fig. 42 CRM Devices market: Regional movement analysis
Fig. 43 Regional market place: Key takeaways
Fig. 44 North America CRM Devices market, by country, 2016 - 2027 (USD Million)
Fig. 45 U.S. CRM Devices market ,2016 - 2027 (USD Million)
Fig. 46 Canada CRM Devices market, 2016 - 2027 (USD Million)
Fig. 47 Europe CRM Devices market, by country, 2016 - 2027 (USD Million)
Fig. 48 U.K. CRM Devices market, 2016 - 2027 (USD Million)
Fig. 49 Germany CRM Devices market,2016 - 2027 (USD Million)
Fig. 50 France CRM Devices market, 2016 - 2027 (USD Million)
Fig. 51 Italy CRM Devices market, 2016 - 2027 (USD Million)
Fig. 52 Spain CRM Devices market,2016 - 2027 (USD Million)
Fig. 53 Asia Pacific CRM Devices market, by country 2016 - 2027 (USD Million)
Fig. 54 Japan implantation CRM Devices market, 2016 - 2027 (USD Million)
Fig. 55 China CRM Devices market, 2016 - 2027 (USD Million)
Fig. 56 Australia CRM Devices market, 2016 - 2027 (USD Million)
Fig. 57 India CRM Devices market, 2016 - 2027 (USD Million)
Fig. 58 Latin America CRM Devices market, by country, 2016 - 2027 (USD Million)
Fig. 59 Brazil CRM Devices market, 2016 - 2027 (USD Million)
Fig. 60 Mexico CRM Devices market, 2016 - 2027 (USD Million)
Fig. 61 MEA CRM Devices market, by country, 2016 - 2027 (USD Million)
Fig. 62 South Africa CRM Devices market, 2016 - 2027 (USD Million)
Fig. 63 Saudi Arabia CRM Devices market, 2016 - 2027 (USD Million)