Cardiac Rhythm Management Devices Batteries Market | Coherent Market Insights

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• CARDIAC RHYTHM MANAGEMENT DEVICES BATTERIES
  MARKET ANALYSIS
• Cardiac Rhythm Management Devices Batteries
  Market, By Product Type (Implantable Cardiac
  Pacemaker, Implantable Cardioverter
  Defibrillator, Cardiac Resynchronization Device),
  By Power Source (Lithium-Iodine Cells,
  Lithium-Silver Vanadium Oxide Cell,
  Lithium-Carbon Monofluride Cells,
  Lithium-Manganese Dioxide), and by Regions(North
  America, Europe, Asia Pacific, Latin America,
  Middle East and Africa) - Size, Share, Outlook,
  and Opportunity Analysis, 2019 - 2027

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• Implantable biomedical devices batteries are used
  in cardiac rhythm management (CRM) devices. CRM
  devices are used in the treatment of
  cardiovascular diseases (CVDs). Some of the
  implantable cardiac devices include, implantable
  cardiac pacemakers (ICP), implantable
  cardioverter defibrillators (ICD), and cardiac
  resynchronization therapy devices (CRT).
• Statistics
• The global cardiac rhythm management devices
  batteries market is estimated to account for US
  446.1 Mn in 2019 and is expected to reach US
  581.0 Mn by 2027.

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• Global Cardiac Rhythm Management Devices
  Batteries Market Drivers
• Increasing adoption and advancement in lithium
  anode batteries is expected to boost growth of
  the global cardiac rhythm management devices
  batteries market over the forecast period. This
  is attributed to various advantages of lithium
  anode batteries such as light weight, high
  reliability and predictability, high energy
  density, small size, and long service life. Major
  institutes are focused on RD in lithium anode
  batteries. For instance, in July 2018, a study,
  Ionic Liquid-Based Electrolyte Membranes for
  Medium-High Temperature Lithium Polymer
  Batteries published in the journal MDPI
  Membranes, reported development of PEO-LiTFSI
  Li-conducting membranes, containing the
  PYR14TFSI ionic liquid, as electrolyte separators
  for all-solid-state lithium polymer batteries
  operating at medium-high temperatures. The novel
  system demonstrated improved thermal, ion
  transport and interfacial properties with respect
  to the ionic liquid-free electrolytes.

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• Statistics
• North America region held dominant position in
  the global cardiac rhythm management devices
  batteries market in 2018, accounting for 37.7
  share in terms of value, followed by Europe
  region.

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Global Cardiac Rhythm Management Devices
Batteries Market Restraints

• Increasing product recall associated with CRM
  devices is expected to hinder growth of the
  global cardiac rhythm management devices
  batteries market. For instance, in February 2019,
  Medtronic, Inc. recalled 13,440 dual chamber
  implantable pulse generators in the U.S. due to
  the possibility that a software error could cause
  the devices to lose pacing function.
• Li-Ion batteries are prone to explosion and thus
  require protection from being overcharged and
  discharged too far. Such drawbacks are also
  expected to hamper growth of the market over the
  forecast period.

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Global Cardiac Rhythm Management Devices
Batteries Market Opportunities

• Key players in the market can focus on RD in
  sodium-ion batteries. Although lithium-ion
  batteries are considered a major source of energy
  storage, depleting resources for lithium and high
  cost associated with mining and refining, may
  pave a way for other alternatives. Sodium-ion
  batteries are cheaper and offer effective
  operation. Therefore, increasing adoption of
  sodium-ion batteries in CRM devices is expected
  to offer lucrative growth opportunities to market
  players.
• Moreover, increasing prevalence of CVDs and other
  heart-related diseases due to ganging lifestyle
  among the populace is expected to increase demand
  for CRM devices, thereby boosting growth of the
  global cardiac rhythm management devices
  batteries market. For instance, according to
  American Heart Associations Heart Disease and
  Stroke Statistics 2018 At-a-Glance, CVDs
  accounted for nearly 836,546 deaths in the U.S.
  Moreover, around 2,300 deaths are registered in
  the U.S. due to CVDs each day, an average of 1
  death every 38 seconds.

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Market Trends/Key Takeaways

• Increasing production of lithium has led to
  decrease in cost of lithium batteries. Moreover,
  manufacturers of lithium batteries are focused on
  investing in land purchase and drilling to
  further increase production of lithium.

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