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Cardiac Rhythm Management (CRM) Devices Batteries Market Report
Cardiac Rhythm Management (CRM) Devices Batteries Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026
Cardiac rhythm management is a part of electrophysiology that is employed to manage the functioning of the heart. Implantable biomedical devices batteries are primarily used in cardiac rhythm management (CRM) devices, which help in the treatment of cardiovascular diseases (CVDs).
The Cardiac Rhythm Management (CRM) Devices Batteries market is projected to grow from USD 472.3 million in 2020 to USD 578.2 million by 2026 at a CAGR of over 3.5% during the forecast period.
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Cardiac Rhythm Management (CRM) Devices Batteries Market - Research Scope |
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Base Year of Study |
2020 |
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Trend Period |
2015-2019 |
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Forecast Period |
2021-2026 |
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Market Size in 2020 |
USD 472.3 million |
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Market Size in 2026 |
USD 578.2 million |
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Market Growth (2021-2026) |
3.5% CAGR |
Rapid urbanization, rising cases of heart failure due to changes in lifestyle, as well as increasing prevalence of malnutrition, genetic mutations, and others are likely to result in cardiovascular diseases (CVDs) among adults. Moreover, the surging adoption and development of lithium anode batteries are further expected to bolster market growth. In addition, the benefits of lithium anode batteries such as high reliability, lightweight, high energy density, high predictability, small size, and long service life, further augment the industry growth.
The COVID-19 pandemic has moderately affected the Cardiac Rhythm Management (CRM) Devices Batteries industry. The rapid spread of COVID-19 has led to several thousands of hospital admissions. The focus of healthcare professionals has been shifted toward the treatment of COVID-19-infected patients, which affected the treatment of non-emergency medical conditions, amid the pandemic.
Based on product, the Cardiac Rhythm Management (CRM) Devices Batteries market has been classified into Implantable cardiac pacemakers (ICP’s), Implantable cardioverter defibrillator (ICD’s), and Cardiac Resynchronization Therapy Devices (CRT-D’s). Under these, the ICP’s segment held a significant market share in 2020 and is likely to grow at a considered CAGR during the forecast period. This is mainly ascribed to the rising implantation of cardiac pacemakers, which has prolonged the lives and enhanced the quality of life of several patients around the world.
By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. The presence of product manufacturers, rising aging population, well-established healthcare infrastructure, high adoption of technologically advanced products, and increasing regulatory approvals, are likely to augment the regional market growth during the forecast timeline.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Cardiac Rhythm Management (CRM) devices batteries market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report-
Key players operating in the Cardiac Rhythm Management (CRM) devices batteries market are-
Here is the list of the group of customers that the Cardiac Rhythm Management (CRM) Devices Batteries Market hopes to have the greatest opportunity to convert-
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The CRM devices batteries market is expected to witness an impressive growth of 3.5% CAGR in the coming years.
Boston Scientific (US), Medtronic (Ireland), SJM (US), EaglePicher, Greatbatch, Inc., Quallion LLC, BIOTRONIK SE & Co. KG. (Germany) are among the key players in the CRM devices batteries market.
The CRM devices batteries market size is expected to reach USD 578.2 million in the foreseeable future.
The ICP’s segment held a significant share in the CRM devices batteries market in 2020.
North America is expected to grow at a healthy CAGR in the CRM devices batteries market in the next five years.
Cardiac Rhythm Management (CRM) Devices Batteries companies, Cardiac Rhythm Management (CRM) Devices Batteries distributors, Medical companies, Government organizations are the target audience in the CRM devices batteries market.
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