Cardiac Rhythm Management System Market - Global Industry Insights, Trends and Growth Opportunity Analysis to 2022

Global Cardiac Rhythm Management System Market, on the basis of application, is segmented into tachyarrhythmia, heart failure, Brady arrhythmia and so on. Cardiac rhythm management implies knowledge, training, and skills needed for the selection & placement of pacemakers and cardiac resynchronization therapy (CRT) devices. Cardiac rhythm management is also known as cardiac arrhythmia, cardiac dysrhythmia or irregular heartbeat. Cardiac rhythm management system informs about the irregularity of patients’ heartbeat; i.e. whether it’s too fast or too slow. When heartbeat is above 100 beats per minute; it is too fast. It is termed as “tachycardia” and heartbeat below 60 beats per minute that is too slow is termed as bradycardia.
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In cardiac rhythm management, CRM devices play an important role in the treatment of serious cardiac disorders such as heart failure, atrial flutter, indications of heart attack, atrial fibrillation, lack of oxygen supply to cardiac muscles, coronary ischemia, certain genetics errors, and effects of drugs.
The major factors that play an important role in the cardiac rhythm management system market are increasing use of mobile cardiac telemetry, growing incidence of cardiovascular disorders, growth in home care & private institutional nursing, limited remuneration for remote cardiac monitoring devices and lack of skilled healthcare professionals with expertise in cardiac monitoring and electrocardiography.
The key target audiences of the cardiac rhythm management system market are physicians, diagnostic centers, health insurance players, healthcare service providers, monitoring services providers, cardiac monitoring, and cardiac rhythm management device manufacturers. Cardiac rhythm management system market is segmented on the basis of product, application, end user, and geography.
Based on product, the cardiac rhythm management system market is segmented into cardiac resynchronization therapy (CRT) devices, HF management system, pacemakers, implantable cardiac defibrillator (ICD), and so on. The segment “cardiac resynchronization therapy (CRT) devices” is further classified as CRT-P (CRT with pacemaker function) and CRT-D (CRT with pacemaker and ICD function) and so on; whereas the segment “pacemaker” is further classified as implantable pacemakers, external pacemakers, and so on.
Based on end user, the cardiac rhythm management system market is segmented into home settings, hospitals & clinics, ambulatory surgical centers (ASCs), and so on.
Key players operating in the cardiac rhythm management system industry are Boston Scientific, Cardiac Science, Philips Healthcare, General Electric (GE) Healthcare Company, Medtronic, Schiller, Sorin S.p.A., St. Jude Medical Inc., Biotronik SE & Co. KG, Mortara Instrument, Koninklijke Philips N.V., and Biotronik.
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Based on geography, the cardiac rhythm management system market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific holds the largest large share in the cardiac rhythm management system market due to lower cost of devices, growing disposable income, and increasing patient awareness levels. Also, North America is expected to grow at the highest CAGR rate in the years to come; followed by Europe.

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