Cardiac rhythm management devices market growth in China
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.
Cardiac rhythm management devices market drivers
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.
CRM device market size worth by product segmentation
- Pacemakers
- Implantable cardioverter defibrillator (ICDs)
- Cardiac resynchronization therapy (CRT) devices
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.
Cardiac rhythm management devices market share: Competitive landscape and key vendors
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.
The leading vendors in the cardiac rhythm management devices market
- BIOTRONIK
- Boston Scientific
- LivaNova
- Medtronic
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the cardiac rhythm management devices market in China?
- What are the key market trends impacting the growth of the cardiac rhythm management devices market in China?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the cardiac rhythm management devices market in China?
- What are the trending factors influencing the market shares of China?
- What are the key outcomes of the five forces analysis of the cardiac rhythm management devices market in China?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Healthcare reform in China
- Healthcare reforms
- Improvement in healthcare infrastructure
PART 06: Regulatory landscape
PART 07: Insurance coverage and reimbursement in China
PART 08: Opportunities for global and local vendors
- Local vendors
- Global vendors
- Challenges for global vendors
PART 09: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 10: Market segmentation by product
- Pacemakers
- ICDs
- CRT devices
PART 11: Market drivers
- Prevalence of cardiac disorders
- Expansion of insurance plans
- Increase in joint ventures
- Advances in surgical procedures
PART 12: Impact of drivers
PART 13: Market challenges
- Complications of CRT in children
- Preference for open surgeries
- Promotion of locally manufactured products
- Stringent regulatory framework
PART 14: Impact of drivers and challenges
PART 15: Market trends
- Popularity of robot-assisted cardiac surgery
- Use of MRI in clinical applications
PART 16: Vendor landscape
- Competitive scenario
- Key vendors
- BIOTRONIK (Beijing) Medical Devices
- BSC Medical Device Technology (Shanghai)
- Cardiac Science
- Koninklijke Philips
- LivaNova
- Medtronic
- St. Jude Medical
- Other prominent vendors
PART 17: Appendix
PART 18: Explore Technavio