Heart Rhythm Devices Market: A Look at the Industry's Growth Drivers and Challenges


Increasing demand for automated external defibrillator devices is a key factor driving market revenue growth Market Size – USD 18.10 Billion in 2021, Market Growth – at a CAGR of 6.4%, Market Trends – Integration of Artificial Intelligence into bioelectronics

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The Global Heart rhythm devices Market Report, published by Emergen Research, offers an industry-wide assessment of the Heart rhythm devices market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2020-2027.

The global Heart rhythm devices Market is expected to reach USD 30.34 Billion by 2027, according to a new report by Emergen Research. The rise in the prevalence of cardiac diseases, increasing rate of obesity and geriatric population, increasing consumption of alcohol and tobacco, favorable insurance and funding scenarios, and the adoption of technological advances are playing vital role in boosting the market growth of heart rhythm devices. The rise in heart related diseases is the prominent reason of high number of death globally, according to the World Health Organization (WHO). In 2019, more than 2 million Americans had arrhythmia or atrial fibrillation and is reported one of the most common cause of death globally. Heart rhythm devices is one of the mosteffective method for the tracking arrhythmia and help prevent death associated with arrhythmia.

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The latest report is the most recent study that offers 360° coverage of the Heart rhythm devices industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Heart rhythm devices market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.

Competitive Terrain:

The Global Heart rhythm devices Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold. The leading market contenders listed in the report are as follows

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

Segmental Analysis

The global Heart rhythm devices market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Heart rhythm devices sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

  • 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 Analysis:

This section of the report offers valuable insights into the geographical segmentation of the Heart rhythm devices market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.

The report classifies the global Heart rhythm devices market into various regions, including:

  • North America (U.S., Canada)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Middle East Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)

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Report Highlights:

  • The report conducts a comparative assessment of the leading market players participating in the global Heart rhythm devices market.
  • The report marks the notable developments that have recently taken place in the Heart rhythm devices industry
  • It details on the strategic initiatives undertaken by the market competitors for business expansion.
  • It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Heart rhythm devices market value chain.
  • The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.

Key questions addressed in the report:

  • Who are the leading players dominating the global Heart rhythm devices Market?
  • Which factors could potentially hamper the global market growth during the forecast period?
  • Which regional market offers the most attractive growth opportunities to the companies operating in this market?
  • How is the raw material availability affecting the demand for Heart rhythm devices in this industry vertical?

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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