Cardiac Pacemaker Market Recent Trends and Forecast by Medtronic, Abbott, BIOTRONIK, Etc Leading Players | Exclusive Revelation by MRFR up to 2023

MRFR’s market study identifies the growing prevalence of cardiovascular disorders to be one of the main growth drivers for the cardiac pacemaker market. Cardiovascular disorder is one of the main causes of death in developed and developing nations. Factors such as high blood pressure, lack of physical exercise, obesity, hereditary, diabetes and growing geriatric population are mainly responsible for causing cardiovascular diseases in individuals. This is where a cardiac pacemaker comes in, which is used to regulate the heartbeat frequency that is reduced by cardiovascular disorder.

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Various supportive government initiatives coupled with non-government organizations funding has also been instrumental in the phenomenal market growth over the past couple of years. For instance, the University of Michigan has entered into a partnership with World Medical Relief to develop the My Heart, Your Heart pacemaker program. It entails using a previously used pacemaker which is tested, certified and reconditioned before being sent to help needy people in other economies.

However, high cost of treatment is predicted to restrain the growth of the market over the forecast period. On the other hand, cardiac pacemaker manufacturers are continuously integrating new and innovative technologies to improve the efficiency and output of the pacemakers. For instance, Medtronic has developed new products like leadless pacemaker and rate-responsive pacemaker with enhanced features, effectivity, and functionality.

Increasing prevalence of atrial fibrillation (AFib), growing geriatric population, and rising healthcare expenditures are the major drivers for the market growth during the forecast period. The Global Cardiac Pacemaker Market is expected to grow at an approximate CAGR of 7.9% during the forecast period.

Key Players for Global Cardiac Pacemaker Market

The key players in the Global Cardiac Pacemaker Market are Medtronic (U.S.), Abbott. (U.S.), Boston Scientific Corporation (U.S.), BIOTRONIK (Germany), LEPU MEDICAL (U.K), SORIN Group (Europe), MEDICO S.p.A. (Europe), OSCOR Inc. (U.S.), and others.

Regional Analysis for Global Cardiac Pacemaker Market

The Americas dominate the Global Cardiac Pacemaker Market owing to the well-developed healthcare sector, huge patient population, changing lifestyle, increasing healthcare expenditure, and growing geriatric population.

Europe is the second largest Cardiac Pacemaker Market owing to the availability of funds for research, huge patient population, increasing healthcare expenditures, and well-developed healthcare sector.

Asia Pacific is the fastest growing region in the Global market. The presence of a huge patient population and continuously developing economies like India and China drive the market growth during the forecast period.

On the other hand, the Middle East & Africa holds the least share in the Global cardiac pacemaker. A majority of the market in the Middle East & Africa is held by the Middle East due to the well-developed healthcare sector and huge healthcare expenditure.

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Some Brief Table of Contents of Report

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restrains

TOC Continued…

LIST OF TABLES

Table 1 Cardiac Pacemaker Industry Synopsis, 2017 – 2023

Table 2 Global Cardiac Pacemaker Market Estimates And Forecast, 2017 – 2023, (USD Million)

Table 3 Global Cardiac Pacemaker Market By Region, 2017 – 2023, (USD Million)

Table 4 Global Cardiac Pacemaker Market By Type, 2017 – 2023, (USD Million)

Table 5 Global Cardiac Pacemaker Market By Technology, 2017 – 2023, (USD Million)

Table 6 Global Cardiac Pacemaker Market By Application, 2017 – 2023, (USD Million)

Table Continued…

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