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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Cardiac Rhythm Management Devices Batteries Market : By Type, By Power Source, Lithium-silver Vanadium Oxide Cell, Lithium-carbon Mono-fluoride Cells, and Lithium-manganese Dioxide Cells, By End User, and Geography
Cardiac rhythm management devices batteries market size was valued at US$ 540.1 million in 2023 poised to grow at a CAGR of 7.25% from 2024-2030. CRM devices are intended to enhance the strength of patients with either rapid or too moderate heartbeats. These gadgets are put in the chests of patients experiencing arrhythmias or unpredictable heart rhythms. At the point when a patient experiences arrhythmias for a really long time, his/her heart can't draw enough blood to the body, bringing about crisis circumstances, and even passing.
As these gadgets are controlled by batteries, the interest for these gadgets will reflect in expanded interest for these batteries. CRM devices are utilized for treating all real heart conditions, for example, coronary conduit sickness (CAD), stroke, heart failure, and arrhythmia. The market is expected to show significant growth rate during forecast period owing to prevalence of cardiac diseases.
According to the WHO, cardiovascular disease is one of the leading cause of death worldwide. It is estimated that around 17.5 million people died from cardiovascular disease, which accounted for 31% of all global deaths in 2012. Cardiovascular disease can be prevented by addressing behavioural risks such as obesity, cigarette smoking, and an unhealthy diet. Market players are focusing on R&D to improve product quality and minimize manufacturing costs. Marketers are also focusing on developing the safer devices to improve the patient compliance and safety.
For instance, Medtronic and St. Jude Medical offer leadless pacemakers for implantation in the right ventricle. Another trend is the increased usage of MRIs in clinical applications. MRIs allow physicians to evaluate complications, such as dislocation of the device, after implantation. As the accessibility of more secure and less expensive lithium batteries is expanding, the worldwide market for cardiovascular mood administration (CRM) gadgets batteries is probably going to achieve new statures. The endeavors of continuous innovative work tasks will happen as intended, delivering cutting edge CRM gadgets with proficient batteries. The batteries utilized as a part of the previously mentioned gadgets are required to experience huge changes and updating, accordingly quickening request.
Study Period
2024-2030Base Year
2023CAGR
7.25%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Increase in prevalence of heart diseases worldwide boosting the Cardiac Rhythm Management (CRM) Devices Batteries Market globally. In addition, increase in demand for the invasive techniques in treatment of heart diseases and life style changes bolstering the Market. Furthermore technological advancements and adaptability of Cardiac Rhythm Management (CRM) Devices Batteries are expected to boost the Market.
However, certain risks in Cardiac Rhythm Management (CRM) such as infection at the surgical site, failure to deliver optimum therapy when needed (either extra therapy when it is not needed or no therapy delivered when it is needed), sensitivity to the device material are hampering the Market.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 540.1 million |
Market CAGR |
7.25% |
By Product |
|
By Power Source |
|
By End User |
|
By Region |
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Cardiac rhythm management (CRM) devices batteries market size was valued at US$ 540.1 million in 2023 growing at CAGR 7.25% from 2024-2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The key players are Medtronic (Ireland), Abbott (US), Boston Scientific (US), BIOTRONIK (Germany), GE Healthcare (US), Philips Healthcare (Netherlands)
1.Executive Summary |
2.Global Cardiac Rhythm Management (CRM) Devices Batteries Market Introduction |
2.1.Global Cardiac Rhythm Management (CRM) Devices Batteries Market - Taxonomy |
2.2.Global Cardiac Rhythm Management (CRM) Devices Batteries Market - Definitions |
2.2.1.Product |
2.2.2.Power Source |
2.2.3.End User |
2.2.4.Region |
3.Global Cardiac Rhythm Management (CRM) Devices Batteries Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Cardiac Rhythm Management (CRM) Devices Batteries Market Analysis, 2019-2023 and Forecast 2024-2030 |
4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Cardiac Rhythm Management (CRM) Devices Batteries Market By Product, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
5.1. Medical device |
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Payment |
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Remote Patient Monitoring |
5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Appointments |
5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Electronic Health Record Access |
5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6.Global Cardiac Rhythm Management (CRM) Devices Batteries Market By Power Source, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
6.1. Cloud-based |
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. On-premise |
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7.Global Cardiac Rhythm Management (CRM) Devices Batteries Market By End User, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
7.1. Vendors |
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Patients |
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Healthcare providers |
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8.Global Cardiac Rhythm Management (CRM) Devices Batteries Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Cardiac Rhythm Management (CRM) Devices Batteries Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
9.1. Product Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Medical device |
9.1.2.Payment |
9.1.3.Remote Patient Monitoring |
9.1.4.Appointments |
9.1.5.Electronic Health Record Access |
9.2. Power Source Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Cloud-based |
9.2.2.On-premise |
9.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Vendors |
9.3.2.Patients |
9.3.3.Healthcare providers |
9.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Cardiac Rhythm Management (CRM) Devices Batteries Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Medical device |
10.1.2.Payment |
10.1.3.Remote Patient Monitoring |
10.1.4.Appointments |
10.1.5.Electronic Health Record Access |
10.2. Power Source Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Cloud-based |
10.2.2.On-premise |
10.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Vendors |
10.3.2.Patients |
10.3.3.Healthcare providers |
10.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
10.4.7. |
11.Asia Pacific (APAC) Cardiac Rhythm Management (CRM) Devices Batteries Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Medical device |
11.1.2.Payment |
11.1.3.Remote Patient Monitoring |
11.1.4.Appointments |
11.1.5.Electronic Health Record Access |
11.2. Power Source Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Cloud-based |
11.2.2.On-premise |
11.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Vendors |
11.3.2.Patients |
11.3.3.Healthcare providers |
11.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Cardiac Rhythm Management (CRM) Devices Batteries Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Medical device |
12.1.2.Payment |
12.1.3.Remote Patient Monitoring |
12.1.4.Appointments |
12.1.5.Electronic Health Record Access |
12.2. Power Source Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Cloud-based |
12.2.2.On-premise |
12.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Vendors |
12.3.2.Patients |
12.3.3.Healthcare providers |
12.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Cardiac Rhythm Management (CRM) Devices Batteries Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
13.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Medical device |
13.1.2.Payment |
13.1.3.Remote Patient Monitoring |
13.1.4.Appointments |
13.1.5.Electronic Health Record Access |
13.2. Power Source Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Cloud-based |
13.2.2.On-premise |
13.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Vendors |
13.3.2.Patients |
13.3.3.Healthcare providers |
13.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Medtronic (Ireland) |
14.2.2.Abbott (US) |
14.2.3.Boston Scientific (US) |
14.2.4.BIOTRONIK (Germany) |
14.2.5.GE Healthcare (US) |
14.2.6.Philips Healthcare (Netherlands) |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players