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Global Cardiac Rhythm Management (CRM) Market Report: 2016 Edition

Published on: Feb 2016 | From USD $800 | Published By: KONCEPT ANALYTICS | Number Of Pages: 48

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.

1. Market Overview

1.1 Cardiac Rhythm Management (CRM) Devices

1.2 Types of Cardiac Rhythm Management (CRM) Devices

1.2.1 Catheter Ablation
1.2.2 Cardiac Resynchronization Therapy (CRT)
1.2.3 Implantable Cardioverter-Defibrillator (ICD)
1.2.4 Pacemakers

2. Cardiac Rhythm Management Analysis

2.1 Global CRM Market
-Annual Market Value
-Quarterly Market Value
-Growth Rate

2.1.1 Global ICD Market
-Annual Market Value
-Quarterly Market Value
-Growth Rate

2.1.2 Global Pacemaker Market
-Annual Market Value
-Quarterly Market Value
-Growth Rate

2.1.3 Global Cather Ablation Market
-Market Volume
-Market Segments

2.2 The US
-CRM Quarterly Market Value
-ICD Annual Market Value
-ICD Quarterly Market Value
-Pacemaker Annual Market Value
-Pacemaker Quarterly Market Value

3. Market Dynamics

3.1 Growth Drivers

3.1.1 Growing Consumption of Tobacco and Alcohol
3.1.2 Growing Ageing Population
3.1.3 Rising Obese Population
3.1.4 Accelerating Economic Growth
3.1.5 Rising Healthcare Expenditure
3.1.6 Rise of Irrigated RF Ablation Catheter Devices
3.1.7 Emerging Market Adoption to Increase Sales
3.1.8 Primary Prevention on the Rise Globally
3.1.9 Increasing Prevalence of Cardiac Arrhythmias

3.2 Trends and Developments

3.2.1 New Product Launch
3.2.2 Growth of Biventricular Therapy Device
3.2.3 Rising Demand for Leadless Pacemaker
3.2.4 ICD Procedure Growth Trend
3.2.5 Increased Adoption of Subcutaneous ICD
3.2.6 Introduction of Quadripolar Lead Devices
3.2.7 Pacemaker with Options for Magnetic Resonance Imaging

3.3 Challenges

3.3.1 Regulatory Issues
3.3.2 Environment Issues

4. Competitive Landscape

4.1 Global Market

4.1.1 Global CRM Market
4.1.2 Global ICD Market
4.1.3 Global Pacemaker Market

4.2 The US

4.2.1 CRM Market
4.2.2 ICD Market
4.2.3 Pacemaker Market

5. Company Profiles

5.1 Boston Scientific

5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies

5.2 Medtronic Inc.

5.2.1 Business Overview
5.2.2 Financial Overview
5.2.3 Business Strategies

5.3 St. Jude Medical

5.3.1 Business Overview
5.3.2 Financial Overview
5.3.3 Business Strategies

List of Charts

Global CRM Market (2008-2015)
Global CRM Market Sales by Quarter (1Q13-4Q115E)
Y-O-Y Growth in Global CRM Market (1Q12-4Q15E)
Global ICD Market (2012-2016E)
Global ICD Market by Quarter (1Q14-4Q2015E)
Global ICD Implants by Type (2015)
Global Pacemaker Market (2012-2016E)
Global Pacemaker Market by Quarter (1Q14-4Q2015E)
Global Cather Ablation Procedure by Volume (2012-2015)
Global Cather Ablation by Type (2015)
The US CRM Market Sales by Quarter (1Q13-4Q15E)
Y-O-Y Growth in US CRM Market (1Q11-4Q15E)
The US ICD Market (2013-2016E)
The US ICD Market by Quarter (1Q14-4Q15E)
The US Pacemaker Market (2013-2016E)
The US Pacemaker Market by Quarter (1Q14-4Q15E)
Global Ageing Population (2006-2014)
Growth in Worldwide Obese Population (2006-2014)
Global GDP Growth (2006-2014)
Global Healthcare Expenditure (2007-2014)
Expected Change in ICD Procedure Volume (2014 & 2015)
Percentage of ICD Case Volume Using Subcutaneous ICD (2014 & 2015)
Global CRM Market Share by Company (2015E)
Market Share of Top 3 Players in Global CRM Market (2010-2015E)
Y-O-Y Growth of Top 3 Players in Global CRM Market (1Q14-4Q15E)
Global ICD Market Share by Company (2015)
Market Share of Top 3 Players in Global ICD Market (2010-2015E)
Global Pacemaker Market Share by Company (2015E)
Market Share of Top 3 Players in Global Pacemaker Market (2010-2015E)
The US CRM Market Share by Company (2015)
Y-O-Y Growth of Top 3 Players in US CRM Market (1Q14-4Q15E)
The US ICD Market (2015E)
Y-O-Y Growth of Top 3 Players in US ICD Market (1Q14-4Q15E)
The US Pacemaker Market (2015E)
Y-O-Y Growth of Top 3 Players in US Pacemaker Market (1Q14-4Q15E)
Boston Scientific Net Sales by Business Segment (2014)
Boston Scientific’s Net Sales and Net Income (2010-2014)
Medtronic Net Sales by Business Segment (2015)
Medtronic Net Sales by Region (2015)
Medtronic’s Net Sales and Net Income (2011-2015)
St. Jude Medical Net Sales by Product Categories (2014)
St. Jude Medical Net Sales by Region (2014)
St. Jude Medical’s Net Sales and Net Income (2010-2014)
New Product Launch by Company

Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

The market engineered data is verified and validated by a number of experts, both in-house and external.

After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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