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The CRM market registered double digit growth rates in early 90s but several product recalls during early 2000s led to a significant decline in the utilization of ICDs. However, the CRM market returned to positive growth in 2007. The market is not likely to return to the high double digit growth rates but analysts are hopeful of the market maintaining a mid-single digit growth rate in the coming years.
Growth drivers include ageing population, innovative product launches, increasing replacement volume and expansion of market outside the US. All major players have announced new product launches and improved sales and marketing programs.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
The report analyzes the global cardiac rhythm management market. It also analyzes the major segments of the market – ICD and pacemaker. Apart from providing a competitive landscape of the market, the report also profiles the major companies, with a discussion of their key business strategies. It also analyzes the major trends prevalent in the CRM market.