The Global Heart Rhythm Devices Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline.
Growth in market revenue is being driven by an increase in the prevalence of cardiovascular diseases such heart failure, atrial fibrillation, coronary ischemia, and others. Devices that regulate heart rhythm are used to treat heart conditions like arrhythmia or cardiac arrest. According to the World Health Organization, cardiovascular disorders account for 30% of all mortality worldwide, and over 30 million people experience cardiac arrhythmias. New, user-friendly gadgets are being created as a result of the quick uptake of emerging technologies, such as the use of artificial intelligence (AI) in biomedical devices. Additionally, heightened patient knowledge is a significant contributor to the soaring demand for cardiac rhythm devices across the globe.
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Customer-friendly reimbursement policies have facilitated increased number of patients using these devices in Canada, the U.S. and the UK. This factor is increasing adoption rate of heart rhythm devices. Involvement of government initiatives and increasing investments of various multinational bio-electronics companies in Research & Development (R&D) has resulted in development of highly upgraded and user-friendly cardiac rhythm management devices with latest scientific features. Apart from monitoring cardiac anomalies, heart rhythm devices are also instrumental in restoring and treating them. This factor is enhancing adoption rate of these devices. On the other hand, exorbitantly expensive cost of these devices and limited insurance coverage is a serious restraint to further expansion of the market.
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Key companies operating in the Heart Rhythm Devices market include:
Schiller Americas Inc., Boston Scientific Corporation, Koninklijke Philips NV, Medtronic, Stryker, ZOLL Medical Corporation, Biotronik, Progetti SRL, LivaNova PLC, Abbott, and ABIOMED, among others.
Emergen Research has segmented the global heart rhythm devices market based on product type, end-use, and region:
- Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Defibrillators
- Implantable cardioverter defibrillators
- S-ICD
- T-ICD
- External defibrillators
- Manual external defibrillator
- Automatic external defibrillator
- Wearable cardioverter defibrillator
- Implantable cardioverter defibrillators
- Pacemakers
- Implantable
- External
- Cardiac resynchronization therapy (CRT)
- CRT-Defibrillator
- CRT-Pacemaker
- Defibrillators
- End-use Outlook (Revenue, USD Billion; 2019-2030)
- Hospital
- Mobile medical units
- Others
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Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
- North America
- S.
- Canada
- Europe
- 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
- A.E.
- South Africa
- Rest of MEA
Key Questions Addressed in the Report:
- Who are the leading players in the Heart Rhythm Devices industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of Heart Rhythm Devices?
- Which segment is expected to garner traction during the coming years?
- What are the key strategies adopted by leading players in the market?
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