2022 CRM | Cardiac Rhythm Management Market Share, Size, Trends and Forecasts Report by TBRC
TheBusinessResearchCompany.com announces a release on Cardiac Rhythm Management (CRM) Devices And Equipment Global Market Report 2019 research report from its Medical Device category
LONDON, Nov. 6, 2019 /PRNewswire/ -- Cardiac rhythm management (CRM) devices and equipment manage and restore the heart's normal function or rhythm. These devices are used to treat and manage arrhythmia-related diseases such as cardiac arrests, heart failure, or cardiac arrhythmias. Technologies such as subcutaneous implantable cardioverter-defibrillator (S-ICD) and leadless cardiac pacemakers (LCP) are being developed to overcome complications with transvenous lead and other CRM devices. The novel modular cardiac rhythm management (mCRM) system allows for the coordination of leadless pacing and defibrillator therapy delivery by providing wireless intra-body communication between devices. This communication is possible by a combination of anti-tachycardia pacing-enabled LCP and S-ICD. For instance, Medtronic developed the leadless pacemaker Micra, which can be placed in the heart through veins and is self-contained within the heart.
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Use Of Wireless Connectivity In Implantable Cardiac Monitors (ICM)
Companies in the cardiovascular monitoring and diagnostic devices and equipment market are developing implantable cardiac monitors (ICM) to monitor the heart rhythm. ICMs continuously monitor the electrocardiogram (ECG) of the patient to conduct a real-time examination of the heart rhythm, for up to 36 months. ICMs are mostly used in the analysis of transitory symptoms which have an arrhythmic origin, such as unexplained palpitations. For example, in 2017, Medtronic developed an ICM, the smallest implantable monitor in the market, which makes use of wireless connectivity to download the patient's data and sends this data to physicians over the internet.
Increasing Demand For Minimally-Invasive Cardiac Surgeries
The demand for minimally-invasive cardiac surgeries is increasing as they are less disruptive and traumatic for the human body, and result in less post-surgical recovery time and improved efficiency. These techniques may be suitable for certain procedures involving the heart valves and certain types of routine bypass surgeries. For instance, robot assisted heart surgeries are more evident in mitral valve surgeries and heart surgeries. These surgeries are replacing traditional methods with larger incisions. In this procedure, surgeons use a computer enhanced device to guide the surgical tools, which consist of robotically-guided arms that reach and operate in difficult-to-reach areas, and a robotically controlled 3D camera for visualization.
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Increasing Incidences Of Cardiovascular Diseases Drive The Demand For CRM Devices
The global cardiac rhythm management (CRM) devices and equipment market was valued at about $12.28 billion in 2018 and is expected to grow to $14.42 billion at an annual growth rate of 4.1% through 2022. The increasing incidences of cardiovascular diseases such as cardiac arrhythmia, ischemic heart disease, and hypertension is driving the CRM devices market. Sedentary lifestyles and medical conditions such as high cholesterol, high blood pressure, obesity and diabetes are major causes of cardiovascular diseases. According to the World Health Organization, in 2016, an estimated 17.9 million people died due to cardiovascular diseases, accounting for 31% of all global deaths. Most of these deaths occur due to heart attacks and strokes. As per a study conducted by the American Heart Association (AMA) in 2015, more than 68 percent of people who are aged 65 or older and have diabetes end up with cardiovascular related deaths. According to another study conducted by the AMA in 2015, people who have diabetes are two to four times more likely to suffer deaths related to cardiovascular diseases. As more people suffer from cardiovascular diseases, the demand for cardiac rhythm management and devices is expected to increase.
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