Cardiac Rhythm Management Devices Market Size Is Expected To Reach USD 29.9 Billion By 2028

 San Francisco, 19 July 2021: The Report Cardiac Rhythm Management Devices Market Size, Share & Trends Analysis Report By Product (Pacemaker, Defibrillators, CRT Devices), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2021 - 2028

The second wave of coronavirus turns out deadly all across the world in 2021 than the first in 2020. Although, the vaccination drives are being conducted throughout the world adhering to the guidelines by WHO, the transmission of virus variants is adding more challenge. The cases of cardiac arrests have been mounting up in the elder patients with a high mortality rate driven by sudden cardiac arrests is one of the major concern associated with COVID infection.

An estimated 3.5 lac sudden cardiac arrest cases occur in the U.S. The research led by Penn revealed that there was decreased in stability for survival of cardiac patients during the pandemic. Mainly, this occurred due to the lack of CPR and fear of viral transmission. However, for infected patients, doctors recommend hands-only CPR (under safe conditions) which is a safe and effective way to help them during cardiac arrests. Even though there is a low risk of transmission.

Considering the severity cardiac rhythm management devices can be looked upon as a saviour in life threatening situations.

Simply put, the job of cardiac rhythm management device is to restore normal rhythm/heart functioning in cardiac patients. Cardiac rhythm management devices perform many functions such as bradycardia pacing, defibrillation, pacing for tachyarrhythmias and so on. Any of these implanted device (under supervision of physician) enables the patients to lead normal and active lives. Future projections for developing a leadless yet customized design will be highly innovative. Thus, we can say that the focus will shift from transvenous lead to leadless design in the coming years.

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Cardiac Rhythm Management Devices Market Report Highlights

• The defibrillator segment held the largest revenue share in 2020 owing to high acceptance of the device, globally
• The ICD segment dominated the defibrillators segment in 2020 and accounted for more than 60.0% of the revenue share, owing to its better patient outcome
• In the external defibrillator segment, the automatic external defibrillator segment held the highest revenue share in 2020 owing to associated benefits, including pacing, i.e., delivering pulses of the current to stimulate heart contraction as well as cardioversion, converting arrhythmia or tachycardia to a normal heartbeat
• In 2020, North America held the dominant revenue share of the market owing to the rising prevalence of cardiovascular diseases and high adoption of CRM devices
• Asia Pacific is expected to show lucrative growth over the forecast period owing to the presence of emerging countries such as China and India

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