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The cardiac rhythm management (CRM) devices and equipment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 6%, as per The Business Research Company’s market report!

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The Cardiac Rhythm Management (CRM) Devices And Equipment Market Size In 2022 And Forecast
The global cardiac rhythm management (CRM) devices and equipment market grew from $13.81 billion in 2021 to $15.09 billion in 2022 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The cardiac rhythm management (CRM) devices and equipment market is expected to grow to $18.94 billion in 2026 at a CAGR of 5.9%.

The cardiac rhythm management (CRM) devices and equipment market comprise sales of devices that are effective in managing and restoring the heart’s normal function or rhythm.

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Rise In The Incidences Of Cardiovascular Diseases Is Driving The Growth Of The Cardiac Rhythm Management (CRM) Devices And Equipment Market

According to the World Health Organization, cardiovascular diseases account for about 31% of all global deaths. Most of these deaths occur due to heart attacks and strokes. As more people suffer from cardiovascular diseases, the demand for cardiac rhythm management and devices is expected to increase.

Competitive Landscape And The Regional Analysis Of The Cardiac Rhythm Management (CRM) Devices And Equipment Market

Major players in the cardiac rhythm management (CRM) devices and equipment market are Abbott, Medtronic, Biotronik, Cardiac Science Corporation, Schiller AG, Hill-Rom Holdings Inc, GE Healthcare, Integer, Biotelemetry, and Neovasc.

Additionally, as per TBRC’s research – North America was the largest region in the cardiac rhythm management (CRM) devices and equipment market in 2021 holding the largest market share.

The Cardiac Rhythm Management (CRM) Devices And Equipment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cardiac rhythm management (CRM) devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the cardiac rhythm management (CRM) devices and equipment market.

Technologies Such As S-ICD and LCP – A Key Trend In The Cardiac Rhythm Management (CRM) Devices And Equipment Market
Technologies such as subcutaneous implantable cardioverter-defibrillator (S-ICD) and leadless cardiac pacemakers (LCP) are being developed to overcome complications with transvenous lead and other CRM devices. The novel modular cardiac rhythm management (mCRM) system allows for the coordination of leadless pacing and defibrillator therapy delivery by providing wireless intra-body communication between devices. This communication is possible by a combination of anti-tachycardia pacing-enabled LCP and S ICD.

Cardiac Rhythm Management (CRM) Devices And Equipment Market Segmentation By The Business Research Company

1) By Product: Pacemakers, Defibrillators, Cardiac Resynchronization Therapy (CRT)

2) By End User: Hospitals, Ambulatory surgical centers, Physicians Clinics

3) By Application: Bradycardia, Tachycardia, Heart Failure, Other Applications

4) By Pacemakers: Implantable Pacemakers, External Pacemakers

5) By Defibrillators: Implantable Cardioverter Defibrillators, External Defibrillator

6) By Cardiac Resynchronization Therapy (CRT): CRT-Defibrillators (CRT-D), CRT-Pacemakers (CRT-P)

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