View Report Details Global CRM Market Report ----------------------------------------2016
View Report Details Executive Summary Cardiac rhythm management (CRM) is a well-established segment of the cardiology devices market. CRM majorly consists of devices such as implantable cardioverter defibrillators (ICD), implantable pacemakers, and other CRM monitoring devices. Cardiac rhythm management devices are commonly used for the treatment of arrhythmias specifically superventricular arrhythmias (SVA) and ventricular arrhythmias (VA) and heart failure. CRM devices can be very efficient in decreasing the number of Sudden Cardiac Death (SCD). SCD is an unexpected death due to cardiac causes occurring in a short time period (generally within 1 hour of symptom onset) in a person with known or unknown cardiac disease. The emerging markets are offering significant potential for companies able to establish distribution channels in the region. However, low reimbursement and costs of living provide intense pricing pressure for market entrants. With limited financial resources available, current devices are largely unaffordable in developing countries, and significant reductions are expected in future as manufacturing operations improve and distribution becomes more global. In response to significant cost concerns, there are many companies which are developing value-tier platforms that enable the sale of lower-cost devices. As physician use and adoption continues to increase in these regions, significant market expansion is expected. The report provides a comprehensive study of global cardiac rhythm management (CRM) market and also the regional markets. The competition in the global CRM market is intense among large players like Medtronic, St. Jude Medical and Boston Scientific. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth. The key factors driving the growth of the CRM market are growing consumption of tobacco and alcohol, rising global population, rising healthcare expenditure, the rise of irrigated RF ablation catheter device, expansion in emerging markets and increasing prevalence of cardiac arrhythmias. Some of the noteworthy trends and developments of this industry are new product launch, rising demand of leadless pacemaker, ICD procedure growth trend, increased adoption of subcutaneous ICD, introduction of quadripolar lead devices. However, the expansion of market is hindered by regulatory and environment issues.
Rising incidence of cardiac rhythm disorder and increasing healthcare expenditure to drive the market… Global CRM Market (2008-2015)
The global CRM market increased to US$... billion in 2015 from US$... billion in 2014, showing a minor incline of …%. US$ Billion
As of 2014, the global ICD market was recorded at US$... million, down by …%, as compared to US$... million in 2013. As of 2015, in terms of global ICD implants type, CRT-D accounted for the largest market share of …%, followed by dual chamber ICD, single chamber ICD and ICD leads with …%, ..% and …% share respectively.
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Global ICD Market (2012-2016E)
US$ Million
Global ICD Implants by Type (2015)
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Ageing population, increase in the incidences of heart diseases and increased rate of obesity are driving the market… Global Pacemaker Market (2012-2016E)
As of 2015, the global pacemaker market was valued at US$... million and is estimated to increase to US$... million by 2016. US$ Million
As of 2015, global Cather ablation procedure volume increased to … thousand from … thousand in 2014, representing a growth of …%. In terms of Cather ablation by type, EP ablation accounted for the largest share of …% in 2015. It was followed by EP diagnostics and mapping & recorders with share of …% and …% respectively. 2012
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Global Cather Ablation Procedure by Volume (2012-2015)
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Global Cather Ablation by Type (2015)
Excess alcohol consumption, smoking, high cholesterol levels, and obesity to drive the market… The US CRM Market Sales by Quarter (1Q13-4Q15E)
The US CRM market increased to US$... million in the second quarter of 2015, as compared to US$... in first quarter of 2015, witnessing an incline of …%. US$ Million
The US implantable cardiac defibrillators market was recorded at US$... million in 2015, as compared to US$... million in 2014, representing an incline of …%. The US pacemaker market was valued at US$... million in 2015, as compared to US$... million in 2014, showing an increase of … % and is estimated to increase to US$... by 2016. 1Q
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The US ICD Market (2013-2016E)
US$ Million
US$ Million
The US Pacemaker Market (2013-2016E)
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