Global Pacemakers Market was valued at USD 4.88 billion in 2021, estimates DelveInsight

DelveInsight's "Pacemakers Market Insights, Competitive Landscape, and Market Forecast 2027" report delivers an in-depth understanding of the Pacemaker and the historical and forecasted market size, ongoing developments, emerging devices, and key companies operating in the global market.

Pacemakers Overview
A pacemaker is a small device that's placed in the chest or abdomen to help control abnormal heart rhythms. This device uses electrical pulses to prompt the heart to beat at a normal rate. A pacemaker can relieve some arrhythmia symptoms, such as fatigue and fainting. It can also help a person who has abnormal heart rhythms resume a more active lifestyle.

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Recent Developmental Activities in the Pacemakers Market:
• In June 2021, Medtronic launched the world's smallest pacemaker to treat heart block. Micra AV with atrioventricular synchrony is the first pacemaker that can sense atrial activity without a lead or device in the upper chamber of the heart. The in-house created pacemaker is small enough to go inside the heart via a catheter. This will prove as a game-changer in the Pacemakers market.
• In June 2020, Medtronic PLC announced it has received CE Mark for Micra™ AV Transcatheter Pacing System (TPS), the world's smallest pacemaker with atrioventricular (AV) synchrony.

Key Takes Away from the Pacemakers Market Report Study
• Market size analysis for current Pacemakers market size (2021), and Pacemakers market forecast for 5 years (2022-2027)
• The effect of the COVID-19 pandemic on this Pacemakers market is significant. To capture and analyze suitable indicators, our experts are closely watching the Pacemakers market.
• Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
• Key companies dominating the Global Pacemakers Market.
• Various opportunities are available for the other competitor in the Pacemakers Market space.
• What are the top-performing segments in 2021? How these segments will perform in 2027.
• Which are the top-performing regions and countries in the current Pacemakers market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for Pacemakers market growth in the coming future?

Pacemakers Market Dynamics
Pacemakers Market has significantly increased due to the increasing prevalence of cardiovascular diseases, which leads to the demand in the market for pacemakers. According to Pan American Health Organization (PAHO), cardiovascular diseases cause more deaths each year than any other disease. Heart disease and stroke-related fatalities account for more than three-quarters of all deaths in low- and middle-income nations, as of June 2021. Thus, the burgeoning cases of cardiovascular diseases will contribute to the market growth.

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Pacemakers Market Segment Analysis
• Pacemakers market by Implantability (Implantable Pacemaker- Single-Chamber Pacemaker, Dual-Chamber Pacemaker, Biventricular/CRT Pacemaker, and External Pacemaker)
• Pacemakers market by Device Type (MRI Compatible Pacemaker, Leadless MRI Compatible Pacemaker)
• Pacemakers market by End-User (Hospitals, Cardiac Centres, Ambulatory Surgical Centres, Others)
• Pacemakers market by Geography (North America, Europe, Asia-Pacific, and Rest of the World)

Pacemaker's Market implantability segment
The implantable pacemakers market segment is expected to hold the largest share in the market and this trend is expected to continue during the forecast period. The rapid growth of this implantability segment can be attributed to the preference these pacemakers have over their external counterparts. In the type of device segment, the biggest trendsetter in pacemaker technology in the last few years has been the introduction of US Food and Drug Administration (FDA)-cleared MRI compatible models, as these pacemakers minimize heating potential, dislodgement, current induction, and electromagnetic interference. These allow patients to undergo MR imaging exams without harm to the device or changes to the device settings. Pacemakers without MRI-conditional use technology usually prevented patients from being able to get an MRI.

Pacemakers Market Growth Factors
The market is driven by the factors, such as the increase in the prevalence of heart disease, a growing aging population who are very susceptible to coronary heart disease, technological developments in pacemakers that minimize the chances of heart failure, and improved efficiency of devices. In July 2020, Abbott received FDA approval for its new generation of connected Pacemakers and defibrillator implants. The MRI-compatible Gallant devices were launched in Europe in February same year, after Abbott received a CE mark, expanding its portfolio in the Pacemakers domain.

North America is expected to dominate the overall Pacemakers market during the forecast period
This domination is due to the growing demand for advanced technologies in Pacemakers, the increased cardiovascular diseases in the region, and others are driving the regional growth. Further, in the United States, now all pacemaker manufacturers only offer MRI-safe device technologies. The risk of being affected by a chronic disease is increasing dramatically due to the rising geriatric population, as per the National Institute of Environmental Health Sciences. This indicates that most Americans are likely to be affected by chronic disease, in the coming decades. This situation is giving rise to a critical need for Pacemakers for the prevention, and treatment of the disease.
Europe and Asia-Pacific region have the future potential growth for the Global Pacemakers market. This is due to the rising burden of cardiovascular diseases in the European region countries and Asia countries also. In all countries, chronic illness rates have been increasing. Several reports have been released annually, mentioning that significant portions of the population in the European Union and the United States (including in the developed market) suffer through more than one chronic disorder, such as hypertension, cardiac arrhythmias, for a prolonged period, thus there is an enormous potential for Pacemakers market growth.

Pacemakers Market Companies
Over the years, the demand for Pacemaker Surgery has grown immensely worldwide. To fulfil the demand, MedTech companies are actively working in the domain. Some of the leading Pacemakers companies in the market include Medtronic, Inc., St. Jude Medical, Inc., Boston Scientific Corporation, Biotronik SE & Co. KG, LivaNova PLC, Shree Pacetronix Ltd., OSCOR Inc., MEDICO S.p.A., Lepu Medical Technology Co. Ltd., MicroPort Scientific Corporation and others.

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Table of content
1. Pacemakers Market Report Introduction
2. Pacemakers Market Executive summary
3. Regulatory and Patent Analysis
4. Pacemakers Market Key factors analysis
5. Pacemakers Porter's Five Forces Analysis
6. COVID-19 Impact Analysis on Pacemakers Market
7. Pacemakers Market layout
8. Pacemakers Global Company Share Analysis - Key 3-5 Companies
9. Pacemakers Company and Product Profiles
10. Project Approach
11. KOL Views
12. DelveInsight Capabilities
13. Disclaimer
14. About DelveInsight

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DelveInsight is a Business Consulting and Market research company, providing expert business solutions for the healthcare domain and offering quintessential advisory services in the areas of R&D, Strategy Formulation, Operations, Competitive Intelligence, Competitive Landscaping, and Mergers & Acquisitions.

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