Global Heart rhythm devices Market Forecast to 2030

The Global Heart Rhythm Devices Market research report is a complete document that explains the most recent breakthroughs and advancements in the Heart Rhythm Devices industry, using 2019 as the base year and 2022–2030 as the forecast year. The analysis offers insightful data on the market's size, share, sales channels, distribution networks, market segmentation, consumer demands and trends, and growth prospects. The expansion of regional and global markets is also examined in the study. In the paper, the effect of the COVID-19 pandemic on the market for Heart Rhythm Devices and its important sectors is studied.

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 the latest analysis by Emergen Research. The increasing prevalence of cardiovascular ailments, such as heart failure, atrial fibrillation, coronary ischemia, and others, is driving market revenue growth. Heart rhythm devices are used to treat cardiovascular ailments, including arrhythmias or cardiac arrest. According to the World Health Organization, 30% of global fatalities are due to cardiovascular diseases, and over 30 million people worldwide suffer from cardiac arrhythmia. Rapid adoption of novel technologies, such as the inclusion of Artificial Intelligence (AI) in biomedical devices, is leading to the invention of new and user-friendly devices. In addition, increased patient awareness is also an important factor in the surging demand for heart rhythm devices worldwide.

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Competitive Terrain:

The global Heart rhythm devices industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

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

Research Report on the Heart rhythm devices Market Addresses the Following Key Questions:

• Who are the dominant players of the Heart rhythm devices market?
• Which regional market is anticipated to have a high growth rate over the projected period?
• What consumer trends and demands are expected to influence the operations of the market players in the Heart rhythm devices market?
• What are the key growth drivers and restraining factors of the Heart rhythm devices market?
• What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
• What is the overall impact of the COVID-19 pandemic on the Heart rhythm devices market and its key segments?

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
1. Resting ECG Devices
2. Stress ECG Devices
3. Holter Monitors
• Lead
1. Single Lead ECG Wires
2. ECG Lead Wires
3. Others
• Pacemakers
1. Implantable
2. External
• Defibrillators

• Implantable Cardioverter Defibrillators
1. S-ICD
2. T-ICD
• External Defibrillators
1. Manual External Defibrillator
2. Automatic External Defibrillator
3. Wearable Cardioverter Defibrillator
• Implantable Loop Recorders
• Cardiac Resynchronization Therapy (CRT)
1. Cardiac Resynchronization Therapy Defibrillators (CRT-D)
2. Cardiac Resynchronization Therapy Pacemakers (CRT-P)
• Others

• 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 Landscape section of the Heart rhythm devices report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

• 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)

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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.

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Heart rhythm devices market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Points of the Geographical Analysis:

• Data and information related to the consumption rate in each region
• Estimated increase in the consumption rate
• Proposed growth of the market share of each region
• Geographical contribution to market revenue
• Expected growth rate of the regional markets

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