Global Cardiac Rhythm Management Devices Market by Products, End-users, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Cardiac Rhythm Management Devices Market is valued to reach USD 24.2 Billion by 2024, growing at CAGR of 5.2% over forecast period 2020–2026. Rising prevalence of cardiovascular disorders, death toll arising from cardiac failure and growing preference for wearable cardiac devices are the factors driving the market.

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Market Trends, Drivers, Restraints, and Opportunity:

CRM devices record and display heart beats. Irregular heartbeats are indications to cardiac diseases that can further advance into heart failure or cardiac arrests. These devices monitor heart functions.
Reasons for heart failure can vary based on alcohol consumption, smoking, and high saturated fat levels. Busy, hectic, and stressful lifestyles have led people to alcoholism, smoking, and increased the consumption of greasy foods, which has increase cardiac problems, obesity, and diabetes. This, in turn, is fueling the growth of the market.
Rising demand for and usage of wearable cardiac devices is projected to drive the growth of cardiac rhythm management devices market in the coming years.
However, surge in the number of cardiovascular implantable electronic devices (CIED) infections is likely to hamper the market growth.
Lack of skilled experts with proficiency in CRM devices and recurrent product recalls are inhibiting market growth.
Surge in life-span and growing consciousness concerning cardiac ailments are anticipated to propel the growth of the market during the forecast period.