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Leadless Pacemakers Market Statistics, Emerging Trends, Key Drivers And Forecast To 2033
Leadless Pacemakers Market
As per the report, the leadless pacemakers market size has grown rapidly in recent years. It will grow from $0.51 billion in 2023 to $0.58 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The leadless pacemakers market size is expected to see rapid growth in the next few years. It will grow to $1.04 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%.
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Heart Disease Trends Fueling Growth In The Leadless Pacemaker Market
The increasing heart disease is expected to propel the growth of the leadless pacemaker market going forward. Heart diseases refer to a range of conditions that affect the heart's structure or function, leading to impaired blood flow, abnormal heart rhythms, or other cardiovascular complications. The rising heart diseases are due to population growth and aging, lifestyle factors, stress and inactivity, healthcare system challenges, and genetic and environmental factors. Leadless pacemakers offer significant advantages in managing certain heart diseases by providing effective pacing while reducing the risk of lead-related complications and offering a less invasive implantation procedure. For instance, in February 2024, according to the World Health Organization (WHO), a Switzerland-based intergovernmental organization, there are expected to be over 35 million new cases of cancer in 2050, a 77% increase over the projected 20 million cases in 2022. Therefore, increasing heart disease is driving the growth of the leadless pacemaker market.
Advancing Cardiac Care The Rise Of Dual-Chamber Leadless Pacemakers
Major companies operating in the leadless pacemakers market are developing innovative products such as dual-chamber leadless pacemakers to cater to a broader range of cardiac conditions and offer patients more personalized treatment options. A dual-chamber leadless pacemaker is a cardiac pacing device designed to manage and regulate heart rhythms by delivering electrical impulses to the right atrium and ventricle without using traditional pacing leads. For instance, in February 2022, Abbott Laboratories, a US-based medical devices and healthcare company, launched the AveirTM DR, a dual-chamber pacemaker to provide synchronized, beat-by-beat pacing of the right atrium and ventricle. The Aveir DR system uses proprietary i2iTM communication technology to enable beat-to-beat synchronous pacing between the atrium and ventricle, providing true Dual-chamber rate-modulated (DDDR) pacing for continuous atrioventricular (AV) synchrony. This innovative leadless pacemaker system addresses the critical need for dual-chamber pacing in patients requiring pacing in both heart chambers.
The leadless pacemakers market covered in this report is segmented -
1) By Type: Micra Transcatheter Pacing System, Other Types
2) By Pacing Chamber: Single Chamber, Dual Chamber
3) By Application: Hospital, Specialty Clinic, Other Applications
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Major companies operating in the leadless pacemakers market are Abbott Laboratories, Medtronic Plc, Boston Scientific Corporation, Terumo Corporation, St. Jude Medical Inc., Lepu Medical Technology Co. Ltd., BIOTRONIK SE & Co. KG, LivaNova PLC, MicroPort Scientific Corporation, Oscor Inc., Sorin Group S.p.A. , EBR Systems Inc., Vitatron Holding B.V. , SORIN S.p.A, MEDICO S.p.A., Imricor Medical Systems Inc., Osypka Medical GmbH, Shree Pacetronix Ltd., CathRx Ltd., Cairdac
Contents of the report:
1. Executive Summary
2. Leadless Pacemakers Market Report Structure
3. Leadless Pacemakers Market Trends And Strategies
4. Leadless Pacemakers Market - Macro Economic Scenario
5. Leadless Pacemakers Market Size And Growth
…..
27. Leadless Pacemakers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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