Global Cardiac Rhythm Management (CRM) Market Research Report forecast 2016
Summary - A new market study, titled “Global Cardiac Rhythm
Management (CRM) Market Report: 2016 Edition” has been featured on Wise Guy
Reports.
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.
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/1615749-global-cardiac-rhythm-management-crm-market-report-2016-edition
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