Global CRM Market to Witness Rapid Growth thanks to New Product Launches by Leading Market Players: MarketResearchReports.Biz
Albany, NY -- (SBWIRE) -- 05/04/2016 -- MarketResearchReports.biz has recently added a new market research study to its huge database of research reports. The research study, titled "Global Cardiac Rhythm Management (CRM) Market Report: 2016 Edition," offers a thorough analysis of the global CRM market, focusing on the major growth drivers, current trends, and challenges. The research study presents an in-depth study of the global CRM market, focusing on the major geographical segments and vendor analysis.
Cardiac rhythm management is considered as a well-established division of the overall cardiology devices market. CRM is a segment of cardiology that involves dealing with disorders related to the heart's rhythm. CRM relies on several devices including implantable pacemakers, cardioverter defibrillators (ICD), and other CRM monitoring devices. CRM devices are widely used for the treatment of heart failure and arrhythmias, especially ventricular arrhythmias and superventricular arrhythmias. The demand for CRM devices has been rising as they are very efficient in reducing the number of sudden cardiac deaths.
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The growing consumption of alcohol and tobacco, growing obese population, increasing healthcare expenditure, and increasing prevalence of cardiac arrhythmias are some of the key factors expected to fuel the growth of the market in the forecast period. In addition, the increase of irrigated RF Ablation Catheter Devices and primary prevention on the rise worldwide are further estimated to drive the global CRM market throughout the forecast period. On the flip side, the environment issues and regulatory concerns are the major challenges for the players operating in the market.
Some of the prominent developments and trends in the global CRM market are increasing demand for a leadless pacemaker, new product launches, growing adoption of subcutaneous ICD, and the introduction of quadripolar lead devices. These trends are estimated to offer potential opportunities to market players and drive the global CRM market throughout the forecast period.
Developing nations are providing remarkable potential for major players to establish an increased number of distribution channels across the globe. Nevertheless, higher costs of living and low reimbursement schemes impose extreme pricing pressure on market entrants. Several technologically advanced devices are unaffordable in developing nations owing to the limited financial resources available. As a result, substantial reductions in cost are anticipated in the next few years as distribution becomes global. There are several players in the global CRM market that are developing value-tier platforms so as to enable and boost the sale of lower-cost devices.
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Furthermore, the research study talks about the competitive scenario of the global CRM market, including detailed analysis of the major players operating in the market. The financial overview, business strategies, SWOT analysis, and recent developments of the major players have been included in the scope of the report. Some of the leading players mentioned in the research report are Boston Scientific, St. Jude Medical, and Medtronic.
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