Pacemakers Market 2022 SWOT Analysis by Players Continues Explosive Growth by 2028 | Boston Scientific, Medtronic, Cardiac Science, CCC Medical Devices

The "Pacemakers Market" report describes in detail the demand and consumption of various products/services related to the market growth dynamics during the forecast period of 2022-2028. A detailed market assessment of the various opportunities in the market segment is expressed in terms of quantity. These are discussed in many sections, including constraints, challenges and opportunities, regional breakdown, and opportunity assessment. This global Pacemakers Market report guarantees rich data on various market opportunities. The research report covers key gaming enthusiasts within the industry, CAGR value, market drivers, restraints, and international competitive strategies from the region.  The report includes strong research from expert analysts.

The global Pacemakers Market is expected to grow with a CAGR greater than 3.8% during the forecast period of 2022-2028.

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Market Overview:

Rising incidences of CVDs, increasing cost of cardiac disease management, favorable government policies, and the launch of technologically advanced pacemakers such as the MRI safe pacemakers and leadless pacemakers are chiefly driving the growth in the market. The rising burden of cardiovascular diseases is one of the key factors for the growth of the market. Coronary heart disorder is one of the primary reasons for CVD deaths globally. The economic burden of these diseases is anticipated to be more than USD 1,044 billion by 2030, which highlights the great need for cardiac pacing devices. The novel coronavirus had severely affected patients suffering from cardiovascular disease. The spread of COVID-19 triggered a humongous economic impact on the healthcare and medical device industry. As per the American Heart Association, Circulation Journal, 2020, so far COVID-19 had affected 185 countries and more than 30,00,000 patients globally. Among patients with COVID-19, there is a high prevalence of CVD. Increasing demand to improve patient outcomes for various pacemaker implantations, with improved and minimally invasive procedures is the key factor driving the growth of the pacemaker market. Moreover, favorable reimbursement procedures, such as the Medicare system in the U.S. and NHS in the U.K. are among the key factors boosting the market.

The major companies operating in the global Pacemakers Market outlined in the report are:

Boston Scientific,Medtronic,Cardiac Science,CCC Medical Devices,Cook Medical,GE Healthcare,MEDICO,SORIN GROUP,ZOLL Medical Corporation

Recent Development:

Medtronic has acquired 61 companies, including 12 in the last 5 years. A total of 15 acquisitions came from private equity firms. It has also divested 4 assets. Medtronic's largest acquisition to date was in 2014 when it acquired Covidien for $42.9B. Its largest disclosed sale occurred in 2017, when it sold Medtronic - Patient Care Deep Vein Thrombosis & Nutritional Insufficiency Businesses to Cardinal Health for $6.1B. Medtronic has acquired in 14 different US states, and 8 countries. The Company's most targeted sectors include medical products (88%) and healthcare services (7%).

Boston Scientific has acquired 60 companies, including 18 in the last 5 years. A total of 12 acquisitions came from private equity firms. It has also divested 6 assets. Boston Scientific's largest acquisition to date was in 2006 when it acquired Guidant for $24.6B. Its largest disclosed sale occurred in 2020 when it sold BTG Specialty Pharmaceuticals to SERB SA for $800M. Boston Scientific has acquired in 11 different US states, and 8 countries. The Company's most targeted sectors include medical products (76%) and healthcare services (14%).

Pacemakers Market Segments

Market Segmentation: By Type

Implantable Cardiac Pacemakers

External Cardiac Pacemakers

Market Segmentation: By Application

Hospitals

ASCs

Clinics

Regions Are covered by Global Pacemakers Market 

For a comprehensive understanding of market dynamics, the Global Pacemakers Market is analyzed across key geographies namely: 

North America (United States, Canada, and Mexico) 

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, and Colombia)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

Regional Insight:

In Asia Pacific, the market is likely to exhibit a lucrative CAGR of around 4.8% over the estimated period. This growth of the market in the region is owing to market penetration by the key players, and massive untapped opportunities are driving the growth. Furthermore, investments in the healthcare sector, especially in Japan, China, and India have gained traction. These countries are progressively focused on developing vigorous healthcare facilities for cardiovascular diagnosis and treatment. Such factors are anticipated to drive market growth in the coming years. Growing economies and populations in developing countries including China and India are expected to create substantial opportunities for the market in the region.

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The study objectives of this report are:

- To study and analyze the Global Pacemakers market size (value and volume) by the company, key regions/countries, products and applications, history data from 2016 to 2021, and forecast to 2028.

- To understand the structure of Pacemakers by identifying its various sub-segments.

- To share detailed information about the key factors manipulating the growth of the market (growth potential, opportunities, drivers, industry-specific challenges, and risks).

- To analyze the report with respect to individual growth trends, future prospects, and their contribution to the total market. 

- To analyze modest developments such as expansions, agreements, new product launches, and acquisitions in the market.

- To strategically profile the key players and comprehensively analyze their growth strategies.

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Scope of The Pacemakers Market Report:

- The report analyses Pacemakers by Type Segment.

- The report assesses the Pacemakers by End User. 

- The Global Pacemakers have been analyzed by Region.

- The key insights of the report have been presented through the frameworks of SWOT and Market Attractiveness charts.

- The attractiveness of the market has been presented by Region, Type, and End User. Additionally, the major opportunities, trends, drivers, and challenges of the industry have been analyzed in the report.

- The report provides a detailed pipeline analysis developed to cure the problem of Pacemakers.

- The report tracks competitive developments, strategies, mergers and acquisitions and new product development.

-To take advantage of business owners, tap hard at Pacemakers research to get a thorough understanding of current momentum.

- The report presents the analysis of Pacemakers for the historical period of 2016-2021 and the forecast period of 2022-2028.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.

Customizable: The Global Pacemakers Market

The Global Pacemakers Market report may be modified to meet your specific business needs. Because we understand our clients' needs, we offer 25% customization to any of our reports without adding additional value to all of our clients.

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