Press release
Pacemakers Market Size is Estimated to Grow with $10,908.0 Million by 2027 profiling Abbott, Medtronic, OSCOR, LivaNova Plc, Boston Scientific Corporation, Biotronik
Rise in the cases of cardiac disorders as well as technological advancements are anticipated to drive the growth of the pacemakers market during the forecast period. The potential of expansion as well as presence of a strong customer base in emerging nations is expected to offer growth opportunities to the players operating in the market.The global pacemakers market accounted to US$ 5,485.4 Mn in 2018 and is expected to grow at a CAGR of 8.1% during the forecast period 2019 - 2027, to account to US$ 10,908.0 Mn by 2027.
Pacemakers are battery operated medical device that are placed in the chest or abdomen and help in regularizing the heart beats. Pacemakers are advised for medical conditions such as, bradycardia and heart block. A pacemaker is also suggested for the geriatric population, as normal aging of the heart may disrupt the normal heart rate, making it beat too slowly. Certain pacemakers also come along with sensors that detect body motion or breathing rate, and signals the pacemaker to increase heart rate during exercise to meet the body's increased need for blood and oxygen.
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Key Benefits-
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Pacemakers market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
The developed countries depend on a conventional medicine healthcare model in which healthcare professions treat medical conditions with the help of medications and surgeries. Major differences between developed and developing countries is resources like money, infrastructure, skilled workforce, education, and products. Most of the developing country have adopted naturopathic medical system instead of a conventional medical system. The healthcare infrastructure in large cities of developing countries may have all the necessary amenities but rural areas may not. Thus, these massive unexplored areas pose ample revenue generation opportunities for pacemaker market. The countries like China and India have large patient population base and the healthcare expenditure is increasing, thus illustrating immense healthcare market potential. According to the India Brand Equity Foundation in 2017, the hospital industry in India reached US$ 61.79 billion and is predicted to reach US$ 132.84 billion by 2023. Thus, with the growing healthcare industry and increasing government initiatives, the demand for pacemakers is expected to increase in the developing economies.
Strategic Insights
Product launches and agreements were observed as the most adopted strategy in global pacemakers industry. For instance, in February 2017, Abbott announced US Food and Drug Administration (FDA) approval for its Assurity MRI pacemaker and Tendril MRI pacing lead. The Assurity MRI pacemaker also offers wireless remote monitoring, providing physicians secure access to their patients' diagnostic data and daily device measurements and reducing the need for in-office visits. Moroever, in April 2018, LivaNova Plc completed its sale of cardiac rhythm management business to microport scientific corporation.
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1. INTRODUCTION
1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3 MARKET SEGMENTATION
1.3.1 Global Pacemakers Market – By Product Type
1.3.2 Global Pacemakers Market – By Technology
1.3.3 Global Pacemakers Market – By End User
1.3.4 Global Pacemakers Market – By Geography
2. GLOBAL PACEMAKERS MARKET – KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1 COVERAGE
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
4. GLOBAL PACEMAKERS MARKET – MARKET LANDSCAPE
4.1 OVERVIEW
4.2 PEST ANALYSIS
4.2.1 North America – PEST Analysis
4.2.2 Europe– PEST Analysis
4.2.3 Asia Pacific– PEST Analysis
4.2.4 Middle East & Africa– PEST Analysis
4.2.5 South and Central America – PEST Analysis
5. GLOBAL PACEMAKERS MARKET – KEY MARKET DYNAMICS
5.1 KEY MARKET DRIVERS
5.1.1 Increasing Burden of Cardiovascular Diseases
5.1.2 Increasing Technological Advancements
5.1.3 Large Pool of Geriatric Population
5.2 KEY MARKET RESTRAINTS
5.2.1 High Cost of Implantation Procedures
5.2.2 Product Recalls for Pacemakers
5.3 KEY MARKET OPPORTUNITIES
5.3.1 Growing Healthcare Market In The Developing Economies
5.4 FUTURE TRENDS
5.4.1 Product Innovations
5.5 IMPACT ANALYSIS
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Contact us –
Contact Person : Sameer Joshi
Phone : +1-646-491-9876
Email Id : sam@theinsightpartners.com
Website: https://www.theinsightpartners.com
About Us - The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.
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