The Global CRM Market is Powering Ahead
The global market for cardiac rhythm management devices has witnessed steady growth over the past decade and is expected to reach a value of $19.7 billion by 2028, according to analysts. Factors such as the rising geriatric population, growing prevalence of cardiovascular diseases, and technological advancements in implantable devices are driving market expansion. North America currently dominates the CRM devices market due to the region's advanced healthcare infrastructure and prevalence of heart conditions like atrial fibrillation. However, Asia Pacific is emerging as a lucrative market with China, India, and Japan showing high potential for growth.
Pacemakers Maintaining Normal Heart Rhythms
Cardiac Rhythm Management Devices are implanted devices that help regulate abnormal heart rhythms by emitting small electrical impulses to prompt the heart to beat at a normal rate. They are used to treat bradycardia or an abnormally slow heart rate. Technological upgrades have made modern pacemakers significantly smaller, more effective, and longer-lasting compared to early models. Most pacemakers are implanted under the collarbone or upper chest area in a minor outpatient procedure. With a lifespan of 5-10 years, replacement may be required when the battery runs out of power. As more patients are diagnosed with bradycardia or heart blockage, pacemaker procedures and sales continue rising globally each year.
Implantable Cardioverter Defibrillators Protecting Against Sudden Cardiac Arrest
Implantable cardioverter defibrillators (ICDs) are a life-saving device used to prevent sudden cardiac arrest caused by lethal heart rhythm abnormalities. They continuously monitor the heart's rhythm and deliver shocks as needed to restore normal beating. Unlike pacemakers that only regulate slow rhythms, ICDs can terminate both fast and slow life-threatening arrhythmias. These devices are recommended for patients who have already experienced cardiac arrest episodes or are at high risk of arrhythmia. Advances are being made to miniaturize ICDs and improve capabilities like remote monitoring to prevent unnecessary clinic visits. With increasing affluence and awareness, ICD implant volumes in emerging nations are growing rapidly.
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