Global Cardiac Pacemaker Market: Rising Prevalence of Cardiovascular Diseases Boost the Demand

DataM Intelligence
12 Jun 2019
Dallas, USA
DataM Intelligence’s latest market report titled ‘Global Cardiac Pacemaker Market - Size, Share and Forecast (2019 - 2026)’ reflects the size, scope, industry dynamics, major firms and future trends in this market. The research report analyses drivers and restraints operating in this competitive space to present a better in-depth of the underlying market opportunities.

Global Cardiac Pacemaker Market Drivers and Restraints
The global market for the cardiac pacemaker market is primarily driven by the rising prevalence of Cardiovascular Diseases (CVD), growing geriatric population, and technological advances in the cardiovascular field.
According to the World Health Organization (WHO), CVD was the major number one cause of death globally in 2017. In 2016, around 17.9 million people are estimated for death from CVDs which represents 31% of deaths worldwide. Moreover, 85% of the deaths from CVD are due to heart attack and stroke.
Individuals with a high risk of CVD may show high blood pressure and obese conditions. According to WHO, in 2015, around 20.1% women and 24.1% men in adults (above 18 years) suffered from a high prevalence of raised blood worldwide. The number of adults with high blood pressure increased from 594 million in 1975 to 1.13 billion in 2015.

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Global Cardiac Pacemaker Market Segmentation
Based on product type, implantable pacemakers is expected to hold the largest market share in cardiac pacemakers market owing to its effectiveness due of multiple leads which allow for normal functioning of heart and ease of further advancements.
Implantable pacemakers are again categorized into a single chamber, dual chamber, and biventricular pacemakers. The U.S. Government has implemented reimbursement plans for certain implantable pacemakers. For instance, the cost for a single chamber pacemaker is 10,000 USD, and approximately 7,500 USD is reimbursed as a result of the Medicare plan in the U.S.
According to the U.S. Department of Health & Human Services, in 2017, around 19.3 million hospital visits are noted which included both inpatient and ambulatory services. More than half of these visits (54.9%) are noted at hospital-owned ambulatory settings and rest 45.1 % were inpatient services.
According to the National Health Service UK In 2018 stated that the number of emergency admissions in NHS increase by almost 42% in a decade with an average 3.2% per annum due to rise in sicker patients

Global Cardiac Pacemaker Market Regional Analysis
North America holds the highest market share in cardiac pacemaker market globally owing to the well-developed infrastructure, good reimbursement policies, high awareness among people, and high income of the region have augmented the market growth in this region.
The Asia Pacific is expected to show growth in the forecast period owing to the anticipated government policies to establish a free and open economy and the high deaths in the region.

Global Cardiac Pacemaker Market Company Trends
Key players are adopting strategies such as mergers and acquisitions, partnerships, and regional expansion to stand out as strong competitors in the market. New product launches along with an increased focus on R&D are other ways the leading players improve their market presence. The key players in the market are Medtronic Plc., St. Jude Medical, Biotronik, Abbott Laboratories, Boston Scientific, Vivatron, Sorin Group, Lepu Medical, Shree Pacetronix, and Medico S.P.A

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Table of contents overview -
1. Global Cardiac Pacemaker Market Methodology and Scope
2. Global Cardiac Pacemaker Market – Market Definition and Overview
3. Global Cardiac Pacemaker Market – Executive Summary
4. Global Cardiac Pacemaker Market – Market Dynamics
5. Global Cardiac Pacemaker Market – Industry Analysis
6. Global Cardiac Pacemaker Market – By Product type
7. Global Cardiac Pacemaker Market – By Application
8. Global Cardiac Pacemaker Market – By End User
9. Global Cardiac Pacemaker Market – By Region
10. Global Cardiac Pacemaker Market – Competitive Landscape
11. Global Cardiac Pacemaker Market – Premium Insights
12. Global Cardiac Pacemaker Market – DataM

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