cardiac pacemaker devices market is majorly driven by increasing incidence & prevalence of chronic cardiovascular diseases and technological advancements in the area of implantable cardiac pacemakers, which Reaches USD 4,629.3 Million By 2022

The global cardiac pacemaker devices market will grow at a CAGR of 3.3% from 2017 to 2022 to reach USD 4,629.3 million by 2022, according to the latest publication from Meticulous Research®. The global cardiac pacemaker devices market is majorly driven by increasing incidence & prevalence of chronic cardiovascular diseases and technological advancements in the area of implantable cardiac pacemakers. In addition, emerging markets and increasing awareness of healthcare further provides a great opportunity for various stakeholders in this market. However, increase in reported cases of cardiac pacemaker malfunctioning & related product recalls restricts the growth of the market to some extent.

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Key Market Segments to Watch

The global cardiac pacemaker devices market is mainly segmented by product, end-user, and geography. On the basis of product, cardiac pacemaker devices market is segmented into cardiac pacemakers, pacing leads, and pacing analyzers. Cardiac pacemaker segment held the largest share of this market, primarily due to rising adoption of cardiac pacing systems for the prevention & better management of sudden cardiac arrest in high-risk patients with cardiovascular disease and the higher price of pacemakers in comparison with pacing leads & analyzers. In addition, increasing incidence of cardiovascular disorders with rising geriatric population, obesity, sedentary lifestyle, unhealthy food; and rising demand for innovative products with technological advancements will further drive the growth of cardiac pacemakers market.

Scope of the Report:-

Market by Product:-
Cardiac pacemakers
Implantable cardiac pacemaker
Single chamber cardiac pacemaker
Dual-chamber cardiac pacemaker
External pacemaker
Pacing leads
Pacing analyzers

Market by End-user:-
Hospitals
Ambulatory surgery centers

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Key questions answered in the report-

Which are the high growth market segments in terms of product, end user, and regions/countries?
What is the historical market for cardiac pacemaker devices market across the globe?
What are the market forecasts and estimates from the period 2015-2022?
What are the major drivers, restraints, opportunities, and trends in the global cardiac pacemaker devices market?
Who are the major players in the global cardiac pacemaker devices market and what share of the market do they hold?
Who are the major players in various countries and what share of the market do they hold?
What are the competitive landscapes and who are the market leaders by sub-region in the global cardiac pacemaker devices market?
What are the recent developments in the global cardiac pacemaker devices market?
What are the different strategies adopted by the major players in the global cardiac pacemaker devices market?
What are the geographical trends and high growth regions/ countries?
Who are the local emerging players in the global cardiac pacemaker devices market and how do they compete with the global players?

Top Companies in the Cardiac Pacemaker Devices Market -

The leading players in the cardiac pacemaker devices market have employed various strategies to expand their product offerings, global footprint, and augment their market share. The key strategies followed by most companies in this market were regulatory approvals, partnerships/collaborations/agreements, new product developments, and expansions. The key players in the global cardiac pacemaker devices market are Medtronic PLC (Ireland), Abbott Laboratories (U.S.), Boston Scientific Corporation (U.S.), BIOTRONIK SE & Co. KG (Germany), LivaNova PLC (U.K.), Lepu Medical Technology Co ltd (China), Medico, S.p.A (Italy), Osypka Medical GmbH (Germany), Shree Pacetronix Ltd (India), and Cook Medical Group (U.S.).

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

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