Cardiac Rhythm Management Devices Market Size, Share, Growth Analysis, By Product(Pacemakers [Implantable, External], Defibrillators [Implantable Cardioverter Defibrillators (ICD) (S-ICD, T-ICD)), By End User(Hospitals & Clinics, Ambulatory Surgery Centers, Others), By Region - Industry Forecast 2024-2031

Cardiac Rhythm Management Devices Market size was valued at USD 18.80 billion in 2022 and is poised to grow from USD 19.83 billion in 2023 to USD 30.44 billion by 2031, at a CAGR of 5.5% during the forecast period (2024-2031)

The surging prevalence of cardiovascular disorders and growing number of cardiac disease treatment procedures being performed around the world are slated to drive up the sales of cardiac rhythm management devices in the future. Advancements in cardiac rhythm management technologies owing to rising spending on cardiac research and development around the world are also expected to bolster the cardiac rhythm management devices market outlook going forward. The rising popularity of remote monitoring and growing adoption of telehealth and telemedicine practices around the world are also expected to benefit the demand for cardiac rhythm management devices in the long run. Increasing healthcare expenditure around the world and rising emphasis on healthcare infrastructure development in emerging countries will also present new opportunities for cardiac rhythm management devices companies through 2031. Growing preference for minimally invasive cardiac procedures is also expected to promote the adoption of cardiac rhythm management devices going forward. On the contrary, battery limitations, need for replacement, risk of device malfunction or failure, and limited awareness in emerging countries are some constraints that impede cardiac rhythm management devices market development potential across the study period.

US Cardiac Rhythm Management Devices Market is poised to grow at a sustainable CAGR for the next forecast year.