Cardiac Rhythm Management Devices Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Cardiac Rhythm Management Devices Market Report is Segmented by Product (Defibrillators [Implantable Cardioverter Defibrillators and External Defibrillators], Pacemakers [Implantable and More], Cardiac Resynchronization Therapy Devices), Implant Approach (Transvenous Systems, Leadless Systems and More), End User (Hospitals, Cardiac Specialty Centers and More) and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Cardiac Rhythm Management Devices Market Size and Share

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Compare market size and growth of Cardiac Rhythm Management Devices Market with other markets in Healthcare Industry

Cardiac Rhythm Management Devices Market Analysis by Mordor Intelligence

The cardiac rhythm management market is valued at USD 22.08 billion in 2025 and is forecast to reach USD 28.73 billion by 2030, advancing at a 5.41% CAGR. Growth is underpinned by an aging global population, rising arrhythmia incidence, and the expanding use of implantable devices that lower rehospitalization risks.[1]American Heart Association, “2025 Heart Disease and Stroke Statistics,” professional.heart.orgRapid advances in leadless pacemakers and artificial-intelligence (AI)–enabled monitoring platforms are improving clinical outcomes while reducing procedure times and follow-up visits. Reimbursement reforms that now cover next-generation devices in major markets are widening patient access, and remote patient-monitoring mandates are generating steady recurring revenue for device makers. Supply-chain pressures tied to semiconductor tariffs and specialty-metal price swings continue to tighten margins, but sustained R&D investment and targeted acquisitions keep competitive intensity high.

Key Report Takeaways

  • By product category, defibrillators led with 39.48% revenue share of the cardiac rhythm management market in 2024, while pacemakers are projected to expand at a 7.56% CAGR through 2030.
  • By implant approach, transvenous systems held 45.62% of the cardiac rhythm management market share in 2024; leadless systems record the fastest growth at 8.12% CAGR to 2030.
  • By end user, hospitals accounted for 61.34% share of the cardiac rhythm management market in 2024, whereas home and pre-hospital care settings are forecast to grow at an 8.52% CAGR.
  • By geography, North America commanded 36.45% share of the cardiac rhythm management market in 2024; Asia-Pacific shows the strongest momentum with a 7.89% CAGR through 2030. 

Segment Analysis

By Product: Defibrillators Maintain Scale While Pacemakers Drive Innovation

Defibrillators represented 39.48% of the cardiac rhythm management market in 2024, anchored by widespread clinical guidelines that recommend ICD therapy for sudden-death prevention. New extravascular ICDs show 98.7% effective defibrillation rates, adding non-intravascular alternatives for infection-prone patients.[3]FDA, “Aurora EV-ICD System – P220012,” fda.gov External AED demand rises alongside mandated public installations, though real-world utilization remains below targets. Complementary service contracts add recurring revenue, supporting the cardiac rhythm management market size for defibrillator makers.

Pacemakers deliver the fastest expansion, advancing at a 7.56% CAGR as leadless designs eliminate pocket infections and venous complications. Dual-chamber leadless systems preserve physiologic pacing and achieve near-universal implant success, attracting electrophysiologists who previously hesitated to forgo transvenous leads. AI-driven alert filtering suppresses false positives by 85%, improving clinic efficiency and reinforcing the cardiac rhythm management market size advantage for connected pacemaker platforms.

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Note: Segment shares of all individual segments available upon report purchase

By Implant Approach: Leadless Systems Disrupt Transvenous Dominance

Transvenous implants still account for 45.62% of the cardiac rhythm management market share due to entrenched surgical workflows and broad indication coverage. Multichamber configurations remain best suited for complex heart failure cases, and replacement familiarity sustains transplant volumes. Yet leadless solutions are advancing at an 8.12% CAGR, reflecting strong clinician acceptance of minimally invasive procedures with lower complication rates. Early studies report a 94% complication-free rate for single-chamber leadless implants, far surpassing historical benchmarks for wired systems. Retrievable modules now allow staged upgrades without leaving redundant hardware in place, enhancing long-term device management flexibility.

Market Segment share
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Note: Segment shares of all individual segments available upon report purchase

By End User: Hospitals Dominate; Home Care Gains Traction

Hospitals generated 61.34% of 2024 revenues as most device implantations still require catheter labs, anesthesia support, and acute-care monitoring. Same-day discharge pathways cut inpatient stay but keep procedure volumes high. Meanwhile, home and pre-hospital care segments grow at an 8.52% CAGR, propelled by payers that reimburse remote monitoring kits and telecardiology visits. Continuous patch-ECG services and cloud-connected pacemakers lower follow-up costs, positioning decentralized care as the next growth frontier.

Geography Analysis

North America led with 36.45% of 2024 sales thanks to favorable reimbursement and rapid uptake of AI-enabled monitoring. Updated CMS codes for leadless pacemakers widened access across U.S. electrophysiology centers. Canada’s national tender programs and Mexico’s private cardiology clinics add to regional demand, stabilizing the cardiac rhythm management market size in the short term.

Europe maintains steady growth on the back of value-based procurement that rewards outcome improvements. CE-marked dual-chamber leadless systems launched widely in 2024, accelerating replacements of legacy single-chamber devices. Country-level cost-containment pressures persist, yet proven reductions in rehospitalizations offset initial device premiums.

Asia-Pacific is the fastest-growing arena, expanding at a 7.89% CAGR. Japan’s device market encourages technology adoption despite price cuts, while China’s localization policies spur domestic production alongside foreign joint ventures. India scales public-health spending and private cardiac centers, and Australia subsidizes remote-monitoring platforms for rural populations, supporting sustained region-wide momentum within the cardiac rhythm management market.

Geography growth
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Competitive Landscape

Moderate consolidation defines the field, with Medtronic, Abbott, and Boston Scientific holding leadership through full-line portfolios and deep clinical trial pipelines. Medtronic reported high-single-digit rhythm-management growth in fiscal Q1 2025, fueled by strong ICD sales and double-digit pacing-therapy expansion. Abbott’s AVEIR franchise sets benchmarks in leadless innovation, and Boston Scientific’s cardiovascular revenue surged 26.2% on FARAPULSE adoption.

Strategic acquisitions augment platform coverage. Johnson & Johnson’s USD 16.6 billion purchase of Abiomed adds heart-recovery devices, broadening its procedural stack. Teleflex agreed to acquire BIOTRONIK’s vascular intervention unit for USD 825 million, gaining access to a USD 10 billion coronary market that overlaps rhythm-management referrals. Niches such as pediatric leadless pacing and implant cybersecurity invite smaller specialists, but scale advantages in manufacturing and distribution give incumbents a persistently strong footing in the cardiac rhythm management market.

Cardiac Rhythm Management Devices Industry Leaders

  1. Abbott

  2. Boston Scientific Corporation

  3. Medtronic PLC

  4. MicroPort Scientific

  5. Stryker

  6. *Disclaimer: Major Players sorted in no particular order
Cardiac Rhythm Management Devices Market Concentration
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Recent Industry Developments

  • May 2025: Element Science received FDA PMA approval for its Jewel Patch wearable cardioverter-defibrillator, offering temporary protection for patients at elevated sudden-arrest risk.
  • February 2025: Teleflex announced an agreement to acquire BIOTRONIK’s vascular intervention business for EUR 760 million (USD 825 million), with closing expected in Q3 2025.
  • December 2024: Abbott completed the world’s first in-human leadless left-bundle-branch pacing procedures using its investigational AVEIR conduction system pacing technology, which holds FDA Breakthrough Device Designation.

Table of Contents for Cardiac Rhythm Management Devices Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Surge In Cardiovascular Disease Prevalence Coupled with Increasing Aging Population
    • 4.2.2 Expanding Adoption and Reimbursement For Rhythm Management Systems
    • 4.2.3 Large Public-Access AED Roll-Outs In Transport Hubs
    • 4.2.4 Remote Patient Monitoring and Telehealth Integration
    • 4.2.5 Technological Advancement and Device Miniaturization
    • 4.2.6 Increasing Adoption of Implantable Devices Coupled with Launch of New Products
  • 4.3 Market Restraints
    • 4.3.1 Cyber-Vulnerability Of Connected CRM Devices
    • 4.3.2 Lengthy Regulatory Approval Cycles
    • 4.3.3 Post-Radiation Malfunctions In Implantables
    • 4.3.4 Lithium & Tantalum Price Volatility Inflates Bom Costs
  • 4.4 Value / Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technology Outlook
  • 4.7 Porter’s Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Intensity of Competitive Rivalry

5. Market Size and Growth Forecasts (Value-USD)

  • 5.1 By Product
    • 5.1.1 Defibrillators
    • 5.1.1.1 Implantable Cardioverter Defibrillators (TV-ICD, S-ICD)
    • 5.1.1.2 External Defibrillators (Manual, AED, Wearable)
    • 5.1.2 Pacemakers
    • 5.1.2.1 Implantable (Single, Dual, Leadless, MRI-compatible)
    • 5.1.2.2 External Pacemakers
    • 5.1.3 Cardiac Resynchronization Therapy Devices
    • 5.1.3.1 CRT-Defibrillators (CRT-D)
    • 5.1.3.2 CRT-Pacemakers (CRT-P)
  • 5.2 By Implant Approach
    • 5.2.1 Transvenous Systems
    • 5.2.2 Leadless Systems
    • 5.2.3 Subcutaneous Systems
    • 5.2.4 Extravascular / Substernal Systems
    • 5.2.5 External / Non-invasive Systems
  • 5.3 By End User
    • 5.3.1 Hospitals
    • 5.3.2 Cardiac Specialty Centers
    • 5.3.3 Ambulatory Surgical Centers
    • 5.3.4 Home & Pre-Hospital Care Settings
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Spain
    • 5.4.2.6 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 Australia
    • 5.4.3.5 South Korea
    • 5.4.3.6 Rest of Asia-Pacific
    • 5.4.4 Middle East and Africa
    • 5.4.4.1 GCC
    • 5.4.4.2 South Africa
    • 5.4.4.3 Rest of Middle East and Africa
    • 5.4.5 South America
    • 5.4.5.1 Brazil
    • 5.4.5.2 Argentina
    • 5.4.5.3 Rest of South America

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Market Share Analysis
  • 6.3 Company profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.3.1 Medtronic plc
    • 6.3.2 Abbott Laboratories
    • 6.3.3 Boston Scientific Corporation
    • 6.3.4 Biotronik SE & Co. KG
    • 6.3.5 MicroPort CRM (MicroPort Scientific)
    • 6.3.6 Koninklijke Philips N.V.
    • 6.3.7 LivaNova plc
    • 6.3.8 Asahi Kasei
    • 6.3.9 Stryker
    • 6.3.10 Shenzhen Mindray Bio-Medical Electronics
    • 6.3.11 Schiller AG
    • 6.3.12 Lepu Medical Technology
    • 6.3.13 Terumo
    • 6.3.14 EBR Systems
    • 6.3.15 Nihon Kohden Corporation
    • 6.3.16 AliveCor Inc.
    • 6.3.17 MicroPort CardioFlow MedTech
    • 6.3.18 Impulse Dynamics
    • 6.3.19 Cardiac Science

7. Market Opportunities and Future Outlook

  • 7.1 White-Space and Unmet-Need Assessment
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Global Cardiac Rhythm Management Devices Market Report Scope

Cardiac rhythm management is a part of electrophysiology, which is used to manage the functioning of the heart. The last decade has observed an ongoing evolution and the use of cardiac rhythm management devices, including cardiac resynchronization therapy, pacemakers, implantable cardioverter defibrillators, and loop recorders. General practitioners (GP) are increasingly involved in the follow-up and management of patients with these devices. The Cardiac Rhythm Management Devices market is segmented by Product (Defibrillators (Implantable Cardioverter Defibrillators (ICDS) and External Defibrillators (ED)), Pacemakers (Implantable Pacemakers (ICPS) and External Pacemakers), and Cardiac Resynchronization Therapy Devices (Cardiac Resynchronization Therapy Defibrillators (CRT-D) and Cardiac Resynchronization Therapy Pacemakers (CRT-P))), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Product Defibrillators Implantable Cardioverter Defibrillators (TV-ICD, S-ICD)
External Defibrillators (Manual, AED, Wearable)
Pacemakers Implantable (Single, Dual, Leadless, MRI-compatible)
External Pacemakers
Cardiac Resynchronization Therapy Devices CRT-Defibrillators (CRT-D)
CRT-Pacemakers (CRT-P)
By Implant Approach Transvenous Systems
Leadless Systems
Subcutaneous Systems
Extravascular / Substernal Systems
External / Non-invasive Systems
By End User Hospitals
Cardiac Specialty Centers
Ambulatory Surgical Centers
Home & Pre-Hospital Care Settings
By Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa GCC
South Africa
Rest of Middle East and Africa
South America Brazil
Argentina
Rest of South America
By Product
Defibrillators Implantable Cardioverter Defibrillators (TV-ICD, S-ICD)
External Defibrillators (Manual, AED, Wearable)
Pacemakers Implantable (Single, Dual, Leadless, MRI-compatible)
External Pacemakers
Cardiac Resynchronization Therapy Devices CRT-Defibrillators (CRT-D)
CRT-Pacemakers (CRT-P)
By Implant Approach
Transvenous Systems
Leadless Systems
Subcutaneous Systems
Extravascular / Substernal Systems
External / Non-invasive Systems
By End User
Hospitals
Cardiac Specialty Centers
Ambulatory Surgical Centers
Home & Pre-Hospital Care Settings
By Geography
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa GCC
South Africa
Rest of Middle East and Africa
South America Brazil
Argentina
Rest of South America
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Key Questions Answered in the Report

1. What is the current valuation of the cardiac rhythm management market and how fast is it expanding?

The cardiac rhythm management market is valued at USD 22.08 billion in 2025 and is forecast to reach USD 28.73 billion by 2030, reflecting a 5.41% CAGR.

2. Which product segment is growing the fastest?

Pacemakers lead growth with a 7.56% CAGR through 2030, fueled by leadless technology that simplifies implantation and reduces complications.

3. Why are leadless systems gaining momentum over traditional transvenous implants?

Leadless devices eliminate lead-related infections, offer simpler procedures, and now include dual-chamber options that preserve natural heart synchrony, pushing their CAGR to 8.12%.

4. How are reimbursement changes influencing market adoption?

Updated Medicare billing codes and value-based payment models in Europe have lowered financial barriers, accelerating uptake of next-generation pacemakers and ICDs.

5. Which region offers the strongest growth opportunity?

Asia-Pacific is the fastest-growing region, advancing at a 7.89% CAGR as healthcare access expands and aging populations drive demand for advanced cardiac therapies.

6. What major risk could slow market expansion?

Cyber-vulnerabilities in connected implants remain a key concern; tighter FDA rules now require robust security plans, and any breach could dampen clinician and patient confidence.

Page last updated on: June 18, 2025

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