Cardiac Pacemakers Market to Garner USD 6782.33 million by 2029
An all-inclusive Global Cardiac Pacemakers Market analysis report gives out a lot for the business and bestows with the solution for the critical or complex business problems. The report displays better market insights with which driving the business into right direction becomes simple and easy. A strong research methodology comprises of data models that include market overview and guide, vendor positioning grid, market time line analysis, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. For an exceptional business growth, companies must take up market research report service which is imperative in today’s market place.
According to the centres for Disease Control and Prevention (CDC), sudden cardiac death rates exceed 600,000 each year, with half of patients dying during their first episode of cardiac illness. With no indication of coronary illness, the predominance of atrial and ventricular arrhythmias increases with age. The economic burden of these diseases is expected to exceed USD 1,044 billion by 2030, highlighting the critical need for cardiac pacing devices.
Data Bridge Market Research analyses that the cardiac pacemakers market is expected to reach the value of USD 6782.33 million by the year 2029, at a CAGR of 4.99% during the forecast period. The rise in the cancer cases provides growth opportunities to the market.
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Market Definition
Cardiac pacemakers are medical devices that deliver electrical pulses to the heart in order to keep it beating normally. Pacemakers are used to treat patients who have heart problems such as heart failure and arrhythmias.
Drivers
- The rise in the cases of cardiovascular diseases around the world
The rise in the prevalence of cardiovascular diseases (CVDs) around the world is one of the major factors driving the growth of the cardiac pacemakers market. The introduction of technologically advanced pacemakers, such as leadless pacemakers and MRI safe pacemakers, as well as favourable government policies, propels the market forward.
- The increase in the demand of implantable pacemakers
The rise in demand to improve patient outcomes for various pacemaker implantations, as well as improved and minimally invasive procedures, and the rise in the cost of cardiac disease management, all have an impact on the market. Furthermore, an increase in the burden of CVDs, an increase in healthcare expenditure, and favourable reimbursement procedures all have a positive impact on the cardiac pacemakers market.
Some of the major players operating in the cardiac pacemakers market are
- Zoll Medical Corporation (U.S)
- MicroPort Scientific Corporation (China)
- OSCOR Inc. (U.S)
- Osypka Medical GmbH (Germany)
- Medtronic (Ireland)
- Abbott (US)
- Boston Scientific Corporation (U.S)
- BIOTRONIK (Germany)
- LivaNova (U.K)
- Pacetronix (India)
- MEDICO (U.S)
- Osypka Medical (Germany)
- Lepu Medical Co ltd. (China)
Recent Development
- Medtronic Private Limited will launch Azure Pacemaker BlueSync technology in India in October 2020. This technology can communicate with patients’ smartphones and tablets directly.
- Medtronic PLC received US FDA approval for its Leadless Micra AV, the world’s smallest pacemaker with atrioventricular (AV) synchrony, in February 2020.
Report Scope and Market Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2014 – 2019) |
| Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
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Cardiac pacemakers Market Scope
Type
- MRI compatible pacemaker
- Conventional pacemaker
- Implantable pacemaker
- External pacemaker
On the basis of type, the cardiac pacemakers market is segmented into MRI compatible pacemaker, conventional pacemaker, implantable pacemaker, and external pacemaker.
Technology
- Single chamber
- Dial chamber
- Biventricular/CRT
On the basis of technology, the cardiac pacemakers market is segmented into single-chamber pacemaker, dual-chamber pacemaker, and biventricular/CRT pacemaker.
Application
- Arrhythmia
- Atrial fibrillation
- Bradycardia
- Tachycardia
- Others
On the basis of application, the cardiac pacemakers market is segmented into arrhythmia, atrial fibrillation, bradycardia, tachycardia and others.
End User
- Cardiac centers
- Ambulatory surgical centres
- Hospitals
- Clinics
On the basis of end-user, the cardiac pacemakers market is segmented into hospitals& cardiac centers, and ambulatory surgical centers.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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