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Cardiac Rhythm Management Market --------------------------------------------------------2012
View Report Details Executive Summary Cardiac rhythm management (CRM) is a well established segment of the cardiology devices market. CRM devices are commonly used for the treatment of arrhythmias and heart failure. Factors like market demand, innovative products, government regulations and reimbursement policies influence the CRM market. The market is facing slowdown in sales but with the technological advancements such as introduction of MRI pacemakers, subcutaneous ICDs, and home automated external defibrillators (AEDs), the market is expected to bounce back.
CRM market is mainly bifurcated into two segments viz. Implantable Cardioverter Defibrillators (ICD) market and Implantable Pacemakers market. For the past several years, pacemakers and ICDs have become a common therapy given to patients who are suffering from cardiac rhythm abnormalities. ICD segment of the CRM market is the larger segment in comparison with pacemaker. The sales of both the segments are likely to increase resulting in improvement in the overall Cardiac Rhythm Management market. The present report offers a comprehensive analysis of the worldwide cardiac rhythm management market. The competition in the global CRM market is intense with few large players viz. Medtronic, Boston Scientific and St. Jude Medical. The competitive landscape the global and regional CRM markets, along with the company profiles of the leading players are discussed in detail.
The key trends observed within the industry include shifted focus towards primary prevention. On the development front, there has been launch of new pacemakers and technological advancements in ICDs. But there are certain challenges which the industry is facing as of now. The major factors which will contribute in the growth of the industry include growing ageing population since with age people get more heart diseases, rising obese population, increasing cases of hypertension since high blood pressure is a major risk for heart attack and rising healthcare expenditure. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Cardiac rhythm management (CRM) is a field of treatment in cardiology, which primarily manages cardiac rhythm disorders.. Worldwide CRM Market Sales (Q111-Q412E)
US$ Million
As of the first quarter of 2012, the sales of CRM market increased from US$..... million in the fourth quarter of 2011 to US$....... million, witnessing a growth of ……%. In the fourth quarter of 2012, the sales might increase by ……% reaching to US$...... million in comparison with last quarter of 2012. The sales of CRM in the US decreased from US$..... million in the first quarter of 2012 to US$......million in the second quarter of 2012, reporting a decline of ……%. The sales of CRM market outside the US declined from US$...... million in first quarter of 2012 to US$...... million in second quarter of 2012, reporting a decline of …..%. •Industry Developments and trends:
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Q212 Q312E Q412E
Worldwide CRM Market by Region (Q111-Q412E)
-Shift in Focus towards Primary Prevention - Launch of New Pacemakers - Technological Advancements in ICDs. Market Growth Drivers
US$ Billion
-Rising Ageing Population -Rising Obese Population -Increasing Case of Hypertension -Rising Healthcare Expenditure -Rise in consumption of alcohol and tobacco
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The US
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Outside the US
CRM market is bifurcated into two segments viz. Implantable Cardiac Defibrillators (ICD) and Pacemaker Market.. Global CRM Market by Segments (2012E)
In 2012, the ICD market is expected to account for ……% of the total CRM market, followed by pacemakers which are expected to account for ……% share of the total CRM market. The sales of ICD market witnessed an increase of …..% by rising from US$..... million in the fourth quarter of 2011 to US$...... million in the first quarter of 2012. However, sales declined till third quarter to US$.... million in comparison with the previous quarters. But, this decline might get rebound in the last quarter of 2012 showing growth of ……%. The sales for pacing systems registered an increase from US$...... million in the fourth quarter of 2011 to US$...... million in first quarter of 2012, reporting an improvement of ……%. In 2012, sales of pacing systems segment increase by ……% in the fourth quarter of 2012 after declining in second and third quarters of 2012.
ICD
Pacemaker Worldwide Pacing System Market Sales (Q111-Q412E)
US$ Million
US$ Million
Worldwide ICD Market Sales (Q111-Q412E)
Q111 Q211 Q311 Q411 Q112 Q212 Q312E Q412E
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The Cardiac Rhythm Management Market is highly fragmented and companies face intense competition. In 2012, the market leader in terms of revenue is expected to be Medtronic.
US$ Billion
Global CRM Market Forecast (2011-2015F)
2011
2012F
2013F
2014F
2015F
On the competition front, Medtronic is expected to be the leading company in the market for cardiac rhythm management market world over, with approximately ……% of the market share for the year 2012, followed by St. Jude Medical and Boston Scientific with ……% and ….. % respectively. The global CRM market is projected to record a value of US$..….. billion by the end of fiscal 2012 as compared to US$...... billion in 2011. The same is forecasted to reach US$...... billion by 2015, growing at a CAGR of approximately ……% during 2011 to 2015. Key Issues faced by the respective industry include: Inappropriate use and malfunctioning of CRM devices.
Note: Market attractiveness is inverse of penetration. Low penetration means high attractiveness and vice-versa
Table of Contents
List of Graphs & Tables
1. Cardiac Rhythm Management: An Overview List of Charts
1.1 ICD 1.1.1 Types OF ICDs 1.2 Pacing Systems 1.2.1 Types of Pacemakers 2. Cardiac Rhythm Management Market
2.1 Global Market Size 2.2 CRM Market by Region 3. CRM Market by Segments 3.1 Implantable Cardiac Defibrillators (ICD) Market -Worldwide Market -US Market -Outside US Market 3.2 Pacing Systems Market -Worldwide Market -US Market -Outside US Market 4. Market Dynamics 4.1 Growth Drivers 4.1.1 Rising Ageing Population 4.1.2 Rising Obese Population 4.1.3 Increasing Cases of Hypertension 4.1.4 Rising Healthcare Expenditure 4.1.5 Rise in Consumption of Alcohol and Tobacco
CRM Market Segment Basic Pacemaker Functional Diagram Worldwide CRM Market Sales and Growth (Q111-Q412E) Worldwide CRM Market by Region (Q111-Q412E) Global CRM Market by Segment (2012E) Worldwide ICD Market Sales and Growth (Q111-Q412E) The US ICD Market Sales and Growth (Q111-Q412E) Outside the US ICD Market Sales and Growth (Q111-Q412E) Worldwide Pacing System Market Sales and Growth Rate (Q111Q412E) The US Pacing System Market Sales and Growth Rate (Q111-Q412E) Outside the US Pacing System Market Sales and Growth Rate (Q111Q412E) Worldwide Elderly Population (above 60 years of age) (2007-2012E) Growth in Worldwide Obese Population (2004-2012F) BP Pattern across various Stages of Hypertension Hypertension Prevalence in the US (2010-2015E) Hypertension Prevalence in the Developed Europe (2010-2015E) Healthcare Expenditure Worldwide (2005-2012E) Global CRM Share by Major Companies (2012E) Global ICD Market Share (2012E) Global Pacemaker Market Share (2012E) CRM Market Share in the US (2012E) ICD Market Share in the US (2012E) Pacemaker Market Share in the US (2012E) CRM Market Share outside the US (2012E) ICD Market Share outside the US (2012E) Pacemaker Market Share outside the US (2012E) Medtronic Sales by Product Categories (2012) Medtronic Sales by Region (2012) Medtronic’s Total Sales and Net Income (2008-2012)
4.2 Key Trends 4.2.1 Shifted Focus towards Primary Prevention 4.3 Challenges 4.4 Industry Developments 4.4.1 Launch of New Pacemakers 4.4.2 Technological Advancements in ICDs
Boston Scientific Sales by Product Categories (2011) Boston Scientific Sales by Region (2011) Boston Scientifics’ Total Sales and Net Income (2007-2011) St. Jude Medical Sales by Product Categories (2011) St. Jude Medical Sales by Region (2011) St. Jude Medical’s Total Sales and Net Income (2007-2011) Global CRM Market Forecast (2011-2015F) List of Tables
5. Competition -Global CRM Market Share -Global ICD Market Share -Global Pacemaker Market Share 5.1 The US -CRM Market Share -ICD Market Share -Pacemaker Market Share 5.2 Outside the US (International) -CRM Market Share -ICD Market Share -Pacemaker Market Share 6. Company Profiles 6.1 Medtronic 6.1.1 Business Overview 6.1.2 Financial Highlights 6.1.3 Business Strategies -Expansion through Strategic Acquisitions -Product Innovation 6.2 Boston Scientific 6.2.1 Business Overview 6.2.2 Financial Highlights
Dependent & Independent Variables (2007-2011) Correlation Matrix Model Summary – Coefficient of Determination Regression Coefficients Output
6.2.3 Business Strategies -Growth through Market Expansion -Growth through Acquisition Policy 6.3 St. Jude Medical 6.3.1 Business Overview 6.3.2 Financial Highlights 6.3.3 Business Strategies -Focus on New Product Launches -Growth through Strategic Acquisitions 7. Market Outlook 7.1 Market Forecast 7.2 Forecast Methodology 7.2.1 Dependent and Independent Variables 7.2.2 Correlation Analysis 7.2.3 Regression Analysis
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