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Increasing demand for automated external defibrillator devices is a key factor driving market revenue growth

VANCOUVER, BRITISH COLUMBIA, CANADA, September 20, 2022 /EINPresswire.com/ -- The Global Heart Rhythm Devices Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline.
Growth in market revenue is being driven by an increase in the prevalence of cardiovascular diseases such heart failure, atrial fibrillation, coronary ischemia, and others. Devices that regulate heart rhythm are used to treat heart conditions like arrhythmia or cardiac arrest. According to the World Health Organization, cardiovascular disorders account for 30% of all mortality worldwide, and over 30 million people experience cardiac arrhythmias. New, user-friendly gadgets are being created as a result of the quick uptake of emerging technologies, such as the use of artificial intelligence (AI) in biomedical devices. Additionally, heightened patient knowledge is a significant contributor to the soaring demand for cardiac rhythm devices across the globe.
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Key Highlights From the Report
• The defibrillator segment accounted for largest revenue share in 2021. Increasing number of automated external defibrillators are getting installed in public places such as shopping malls, train and flight stations, and other areas. These defibrillators are popularly known as Public Access Defibrillators (PAD) because they can be used by any novice person in case of an emergency. Increased installation of these defibrillators is driving revenue growth of this segment. According to Cleveland Clinic, automated external defibrillators can be used to treat a patient affected by cardiac arrest, tachycardia (increased heartbeat) as well as bradycardia (slow heartbeat).
• The hospital segment accounted for largest revenue share in 2021. Cardiovascular diseases demand highly precise results from high-end medical devices, which are installed largely in hospitals. Thus, availability of heart rhythm medical devices in hospitals accompanied by an increasing number of patients suffering from cardiac fibrillation and other diseases is driving revenue growth of this segment.
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Key companies operating in the Heart Rhythm Devices market include:
Schiller Americas Inc., Boston Scientific Corporation, Koninklijke Philips NV, Medtronic, Stryker, ZOLL Medical Corporation, Biotronik, Progetti SRL, LivaNova PLC, Abbott, and ABIOMED, among others.
Emergen Research has segmented the global heart rhythm devices market based on product type, end-use, and region:
• Product Type Outlook (Revenue, USD Billion; 2019-2030)
o Defibrillators
1. Implantable cardioverter defibrillators
1. S-ICD
2. T-ICD
2. External defibrillators
1. Manual external defibrillator
2. Automatic external defibrillator
3. Wearable cardioverter defibrillator
o Pacemakers
1. Implantable
2. External
o Cardiac resynchronization therapy (CRT)
1. CRT-Defibrillator
2. CRT-Pacemaker
• End-use Outlook (Revenue, USD Billion; 2019-2030)
o Hospital
o Mobile medical units
o Others
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Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
• North America
o U.S.
o Canada
• Europe
o U.K.
o Italy
o Germany
o France
o Rest of EU
• Asia Pacific
o India
o Japan
o China
o South Korea
o Australia
o Rest of APAC
• Latin America
o Chile
o Brazil
o Argentina
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o U.A.E.
o South Africa
o Rest of MEA
Key Questions Addressed in the Report:
• Who are the leading players in the Heart Rhythm Devices industry?
• Which region is expected to dominate the market in the coming years?
• What are the key applications of Heart Rhythm Devices?
• Which segment is expected to garner traction during the coming years?
• What are the key strategies adopted by leading players in the market?
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About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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Heart Rhythm Devices Market Size Worth USD 31.37 Billion in 2030

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