Critical Market Drivers Shaping the Outlook for Cardiac Rhythm Management (CRM) Devices And Equipment Market from 2025-2034: Geriatric Population Drives Growth In The Cardiac Rhythm Management (CRM) Devices And Equipment Market
Discover trends, market shifts, and competitive outlooks for the cardiac rhythm management (crm) devices and equipment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Has The Cardiac Rhythm Management (CRM) Devices And Equipment Market Size Shifted, And What Is the Outlook Through 2034?
In recent years, the cardiac rhythm management (CRM) devices and equipment market has experienced substantial expansion. The market size is set to increase from $16.05 billion in 2024 to $17.15 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.8%. Factors such as the increasing occurrence of arrhythmias, advancements in technology, an aging population, and chronic disease management are credited for the growth during the historic period.
The market size of cardiac rhythm management (CRM) devices and equipment is anticipated to experience robust growth in the upcoming years, reaching $21.73 billion by 2029. This growth, at a compound annual growth rate (CAGR) of 6.1%, can be attributed to factors such as personalized medicine, technological advancements, integration with telehealth, and universal access to healthcare. The forecast period will also see major trends like leadless CRM devices, biodegradable devices, remote monitoring, and combination therapies.
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What Are the Core Growth Drivers Propelling the Cardiac Rhythm Management (CRM) Devices And Equipment Market Forward?
The anticipated increase in the population of individuals aged 65 and older is predicted to stimulate the expansion of the cardiac rhythm management (CRM) devices and equipment sector. The surge in the older group is directly proportional to the escalation in cardiovascular illnesses, thus augmenting the need for CRM devices to manage heart rhythm disorders such as arrhythmias and enhance the life quality of the elderly. As an illustration, data from the Administration for Community Living, a governmental agency in the United States, reveals that the R number of the older population stood at 55.8 million in 2021. Forecasts suggest a rise to 80.8 million by 2040 and further to 94.7 million by 2060. Therefore, the climbing numbers of the older sect is significantly contributing to the growth of the cardiac rhythm management (CRM) devices and equipment sector.
What Segment Types Define the Cardiac Rhythm Management (CRM) Devices And Equipment Market Structure?
The cardiac rhythm management (CRM) devices and equipment market covered in this report is segmented –
1) By Product: Pacemakers, Defibrillators, Cardiac Resynchronization Therapy (CRT)
2) By Application: Bradycardia, Tachycardia, Heart Failure, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Physicians Clinics
Subsegment:
1) By Pacemakers: Single-Chamber Pacemakers, Dual-Chamber Pacemakers, Biventricular Pacemakers, Implantable Pacemakers
2) By Defibrillators: Implantable Cardioverter Defibrillators (ICDs), External Defibrillators, Wearable Defibrillators, Automated External Defibrillators (AEDs)
3) By Cardiac Resynchronization Therapy (CRT): CRT-P (Pacemaker), CRT-D (Defibrillator), Bi-Ventricular Pacemakers
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Which Geographic Areas Hold the Strongest Growth Potential in the Cardiac Rhythm Management (CRM) Devices And Equipment Market?
North America was the largest region in the global cardiac rhythm management (CRM) devices and equipment market in 2023. Western Europe was the second-largest region in the cardiac rhythm management (CRM) devices and equipment market. The regions covered in the cardiac rhythm management (CRM) devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Long-Term Trends Are Transforming the Competitive Landscape of the Cardiac Rhythm Management (CRM) Devices And Equipment Market?
Key players in the Cardiac Rhythm Management (CRM) devices and equipment market are focusing on the creation of groundbreaking products such as the single-chamber (VR) leadless pacemaker. This is aimed at managing heart rhythm disorders and enhancing patient results. The leadless pacemaker is inserted directly into the right ventricle of the heart through a procedure that is minimally invasive, doing away with the necessity for cardiac leads. In April 2022, for instance, Abbott Laboratories, a medical device firm based in the US, obtained FDA approval for their Aveir single-chamber (VR) leadless pacemaker. This product is for treating patients experiencing slow heart rhythms. The device offers in-depth knowledge about the patient’s health and heart activity, data that can be pivotal for creating an effective treatment plan and thereby, improving their health outcomes. Added to this, the Aveir VR leadless pacemaker’s software was crafted with the scope for expandability to a dual-chamber system, a feature that can pave the way for adding more treatment options for patients in the days ahead.
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What Is the Definition of the Cardiac Rhythm Management (CRM) Devices And Equipment Market?
Cardiac rhythm management (CRM) devices and equipment are used to manage the heart rate or rhythm by generating electrical impulses or shocks in order to get the heart back to its normal functions. CRM devices are used to treat and manage arrhythmia-related diseases such as cardiac arrests, heart failure, or cardiac arrhythmias.
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