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Leadless Cardiac Pacemaker Market 2019 By Nanostim (Abbott Laboratories) and Micra (Medtronic PLC). However, Boston Scientific, Forecast 2024

04-22-2019 06:10 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Prognosis

Leadless cardiac pacemakers are medical devices that are used for the treatment of patients who are suffering from heart-related disorders, like arrhythmias. These pacemakers are expected to transform the cardiac rhythm management (CRM) market in the coming years with their potential to reduce complications and shorter recovery times.

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The major factors driving the leadless pacemakers (LCP) market are the aging population, increasing incidences of heart diseases, and technological advancements.

In addition, other important factors, like avoidance of lead-related and pocket-related complications, such as infection and disfigurement, MRI compatibility, and no postoperative mobility restrictions add advantages to the leadless pacemakers in the market. They are retrievable for a longer time interval post-implantation, which is expected to create substantial opportunities in the market.

A pacemaker is a small medical device that uses electrical impulses, synthetically produced by its electrodes, to regulate the heartbeat at a normal rate. It is usually recommended for certain heart conditions, like arrhythmia, tachycardia, and heart block. A leadless cardiac pacemaker is designed to achieve the same pacing results, but the process for implanting is different from the standard pacemakers. For a standard pacemaker, a surgical pocket is created to implant the pacemaker, and leads are then attached to the pacemaker. Leads are thin, soft, and insulated wires that carry the electrical impulse from the pacemaker to the heart and regulate the pace of the heart. However, a leadless pacemaker does not require any surgical pocket or leads.

Competitive Landscape
As of March 2019, only two leadless pacemaker systems were commercially available in the market, having slightly different sizes and implantation requirements, which are Nanostim (Abbott Laboratories) and Micra (Medtronic PLC). However, Boston Scientific, one of the leading pacemaker manufacturers, has been developing its own leadless pacemaker system.

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Key Market Trends
Nanostim and Micra are Expected to Remain Major Products in the Leadless Cardiac Pacemaker Market During the Forecast Period
Nanostim and Micra TPS are two key innovations. Both the devices are single-chamber pacemakers placed directly into the heart with a steerable catheter through the femoral vein. The procedure times with the Micra and Nanostim devices are shorter (lasting from 30 to 45 minutes), than those with the traditional pacemakers. They are self-contained intracardiac devices that include pacemaker electronics, battery, and leads. Both devices can be implanted in the same minimally invasive setting as some traditional pacemakers. Leadless pacemakers are expected to expand their market share rapidly, by displacing traditional cardiac pacemakers, during the forecast period. However, Abbott recalled its leadless pacemakers from the market following reports of sudden battery depletion. Moreover, in November 2017, Abbott issued a halt on implantations of Nanostim pacemakers, citing docking button issues, which continued as of March 2018.

The United States is Expected to Dominate the Leadless Cardiac Pacemaker Market
The United States is expected to dominate the leadless cardiac pacemaker market, due to the high prevalence of cardiovascular diseases, high adoption rates of leadless pacemakers, and availability of reimbursements.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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