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Technavio’s market research analyst predicts the cardiac rhythm management devices market in China to grow at an impressive CAGR of around 10% by 2020. Rising incidences of cardiac disorders such as atrioventricular blocks, ventricular fibrillation, cardiac arrest, bradycardia, sick sinus syndrome, and tachycardia are expected to increase the demand for cardiac rhythm management devices in China during the forecast period.
With aging, heart muscles lose their elasticity and ability to respond to different pressure rates which makes older people more susceptible to cardiac disorders. The rising incidences of cardiac disorders, especially in the aging populace, will bolster the market growth for cardiac rhythm management devices until the end of 2020.
With the increasing popularity of robot-assisted cardiac surgery, the market for cardiac rhythm management devices is expected to have a positive outlook until the end of 2020. The robot-assisted devices help surgeons perform sophisticated procedures by providing a better visualization platform and maneuvering of instruments compared to traditional devices. Also, these minimally invasive surgical procedures help reduce the duration of hospital stays and facilitate better cost management. The preference for robotic-assisted surgery is expected to drive the market growth for cardiac rhythm management devices in China during the forecast period.
In this market research, the analyst predicts the pacemakers segment will dominate the market with a market share of close to 64% until the end of 2020. Pacemakers use low-energy electric pulses to induce the patient’s heart to beat at a normal rate. The new-generation pacemakers can adjust heartbeat rate based on the patient’s activity.
The cardiac rhythm management devices market in China presents significant opportunities for the vendors to expand. Both large and small companies are investing substantially in R&D to develop innovative products. The demand for cost-effective cardiac rhythm management devices has also led the local manufacturers to develop new-age products.
Related Reports
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Healthcare reform in China
PART 06: Regulatory landscape
PART 07: Insurance coverage and reimbursement in China
PART 08: Opportunities for global and local vendors
PART 09: Market landscape
PART 10: Market segmentation by product
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Appendix
PART 18: Explore Technavio
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