Global cardiac rhythm management market is registering a substantial CAGR in the forecast period of 2019-2026. This rise in the market can be attributed to the growing cardiovascular diseases all over the globe and increasing aging population.
This cardiac rhythm management study presents the cardiac rhythm management market production, revenue and market share and growth rate for each company and also covers the breakdown data by regions, type and applications. This report keeps the reputation by delivering valuable and world class capabilities and possibilities to the clients. The main goal of the report is to provide clear picture and better understanding of the market.
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Global Cardiac Rhythm Management Market – Major Market Competitors:
Some of the major players operating in cardiac rhythm management market are Medtronic PLC , St. Jude Medical, Inc. , Boston Scientific Corporation, GE Healthcare , Philips Healthcare , Biotronik Se & Co., Kg, Cardiac Science Corporation , Livanova PLC , Mortara Instrument, Inc., Schiller AG among others.
Key Developments in the Market:
- In July 2019, Biotronik introduces next generation injectable cardiac monitor, Biomonitor III. Biomonitor III is smaller than Biomonitor II size, while providing a much higher quality of the signal. This creative device was designed to assist patients with abnormal heart rhythms by monitoring with enhanced clarity suspected arrhythmia or unexplained syncopes.
- In May 2019, Abbott introduced next-generation detection technology with the approval of the U.S. FDA and with C.E. mark in Europe. It is a paper clip-sized electromechanical device that connects with smartphone with ongoing remote monitoring for quick and precise diagnosis to monitor unpredictable heart rhythm issues. This device will help the people at risk with irregular heartbeat.
Major Market Drivers And Restraints:
Increasing Worldwide Incidence of Cardiovascular Diseases
Increasing reimbursement for implantation of pacemaker
Rising Geriatric Population
Technological advancements in cardiac pacemaker
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Global Cardiac Rhythm Management Market – Market Segmentation:
By Product Type
(Defibrillators, Pacemakers, Cardiac Resynchronization Therapy Devices),
By End User
(Home, Ambulatory Care, Hospitals, Others),
(North America, South America, Europe, Asia-Pacific, Middle East and Africa)
The cardiac rhythm management market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cardiac pacemakers market for global, Europe, North America, Asia Pacific and South America.
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