Leadless Pacing System Market is projected to Reflect 10.0% CAGR throughout 2017 – 2025

According to the latest market report published by Persistence Market Research titled ‘Leadless Pacing Systems Market: Global Industry Analysis (2012 – 2016) & Forecast (2017 – 2025),’ the market is poised to expand at a CAGR of 10.0% in terms of value over the forecast period (2017–2025). The overall market is anticipated to grow 2.15x in terms of value over the forecast period of 2017–2025. Certain factors such as rise in the number of eligible patients, increasing reimbursement scenario, rising disposable income, preference for new technology, growing geriatric population, rising number of cardiovascular diseases and increasing number of medical insurers is expected to support market growth over the forecast period. Revenue growth is also supported by several technological benefits of leadless pacing systems over traditional pacemaker systems. The report analyzes the leadless pacing systems market in terms of value (US$ Mn) by application type, end user and region. The report also provides information regarding market dynamics, macro-economic factors, opportunity analysis, pricing analysis, regulations, competitive landscape, regional volume analysis, current trends, market estimation and forecast, technology assessment and major deals in the leadless pacing systems market.

Leadless pacing system is a novel technology in the cardiac pacemakers market. These are smaller in size than conventional pacemakers along with the absence of leads thus eliminating potential lead and pacemaker pocket related complications but the use of these devices is limited for single-chamber ventricular pacing as observed in the case of permanent atrial fibrillation, sinus node dysfunction and atrioventricular block. The implant is considered a less invasive approach for patients requiring pacemakers as it does not require surgery like in traditional pacemaker procedures. These devices are implanted through a vein passing close to the outer surface of the upper thighs. Retrieval of this device is also possible without complications as observed in various clinical studies. High implant success rate as per various global clinical trials has also been observed such as 97% & 95.8% implant success rate of St. Jude’s Nanostim in the leadless and leadless II trial respectively.

Browse Report Overview @ https://www.persistencemarketresearch.com/market-research/leadless-pacing-system-market.asp

North America is anticipated to remain the largest consumer base for leadless pacing systems owing to a higher acceptance rate and a favorable reimbursement scenario.Regionally, North America holds the maximum market share in the global leadless pacing systems market followed by Europe because of higher demand in these regions, product affordability and a favorable reimbursement scenario. Middle East & Africa represents a significant market size in the global leadless pacing systems market as per the historical acceptance in the procedures for leadless technology over traditional pacemakers. The Asia Pacific market also represents a substantial growth rate over the forecast period owing to the rising healthcare burden and continuous advancement of healthcare facilities. Latin America holds the least market size and growth rate in this market and is projected to continue to do so over the forecast period.

Key Players

The report profiles some of the leading players operating in the global leadless pacing systems market such as Abbott Laboratories and Medtronic plc. Boston Scientific Corporation and Biotronik are still in the development phase for leadless pacing systems.

Report Overview with TOC @ https://www.persistencemarketresearch.com/market-research/leadless-pacing-system-market/toc

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