Pacemaker Market Expert Financial Overview | Success Milestones | Top Players Revenue and Forecasts by 2023

Global Pacemaker Market Research Report: By Product Type (Implantable, External), Application (Bradycardia, Heart Failure, Hypertrophic Cardiomyopathy, Syncope, Others), Implant Approach (Endocardial, Epicardial), and End-User – Global Forecast Till 2023

Market Scenario

The global pacemaker market is expected to gain prominence over the forecast period (2018–2023). It is estimated that the global pacemaker market is expected to grow at a CAGR ~6.5 % during the forecast period of 2018–2023.

A pacemaker is a small device that consists of a pulse generator which has a battery and a tiny computer circuit and pacing leads. This device is used to treat Atrial Fibrillation (AF).

The increasing prevalence of cardiac diseases and growing geriatric population are propelling the growth of this market. The management of atrial fibrillation in the old age population is complex due to altered pharmacology, competing comorbidities, limited life expectancy, frailty, and varied treatment goals. According to a 2018 study published in the Aging Medicine, the prevalence of atrial fibrillation is estimated to be 0.3% in 40 years old patients, 5 to 9% in between 60-80 years old patients, and nearly 10% of patients more than 80 years old.

Furthermore, raising awareness about awareness about cardiovascular disorders, and technological advancements in cardiac pacemakers boosts the growth of the global pacemaker market.

However, the complications associated with the implant and the high cost of pacemakers may hinder the growth of the market during the forecast period.

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Segmentation

The global pacemaker market is segmented on the basis of the product type, application, implant approach, end-user, and region.
On the basis of the product type, the market is classified as implantable, and external. The implantable segment is further sub-segmented as a single chamber, dual chamber, and biventricular.
On the basis of the application, the market is segmented into bradycardia, heart failure, hypertrophic cardiomyopathy, syncope, and others. The bradycardia segment is further sub-segmented as sinus node dysfunction, and AV block.

On the basis of the implant approach, the market is segmented as endocardial approach and epicardial approach.
On the basis of end-user, the market is segmented as hospitals & clinics, ambulatory surgical centers, research & academic institutes, and others.

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Geographically, the global pacemaker market has been segmented into America, Europe, Asia Pacific, and the Middle East and Africa. The American pacemaker market is further segmented into North America and South America. North America is further classified as the U.S. and Canada.
The Europe pacemaker market is segmented into Western Europe and Eastern Europe. Western Europe is further classified as Germany, France, the U.K., Italy, Spain, and the Rest of Western Europe.

The Asia Pacific pacemaker market is segmented into Japan, China, India, Republic of Korea, Australia, and the Rest of Asia Pacific.
The Middle Eastern and African pacemaker market is segmented into the Middle East and Africa.

Key Players

Medtronic Plc, Biotronik GmbH & Co. KG, Boston Scientific Corporation, St. Jude Medical Inc., ZOLL Medical Corporation, MEDICO S.p.A, Vitatron, Pacetronix, Cordis, Inc., Sorin Group, Edwards Lifesciences, General Electric Company, and Cook are some prominent players in this market.

Major Points from Table of Content:
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