Press release
Leadless Pacing Systems Market: Segment Snapshot and Table of Content (2017-2025)
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.The estimated market for leadless pacing systems is estimated to be valued at US$ 29.4 Mn in 2017 and is projected to grow at a CAGR of 10.0% during the forecast period. Market for leadless pacing system products is limited with only 2 commercially approved products: Nanostim leadless pacing system by St. Jude’s Medical (now Abbott) and Micra Trans catheter pacing system by Medtronic plc. Product approvals for leadless pacing systems is a major factor impacting market growth. Companies are focusing on acquisitions, product approvals from various regulatory bodies and technical advancements for staying competitive in the global market.
The global Leadless Pacing Systems market is segmented on the basis of expression system, product type, application, end user and region.
Based on application type, the market for leadless pacing systems has been divided into atrial fibrillation, sinus node dysfunction, atrioventricular block and others. Atrial fibrillation segment dominates the leadless pacing systems market by application (as observed in various historical implants performed) with around 55% market share and is expected to remain dominant over the forecast period. This is followed by sinus node dysfunction application segment and atrioventricular block application segment respectively. Based on end users, the market has been segmented into hospitals and ambulatory surgical centers with hospitals dominating the global market because of more procedures performed in hospitals for leadless pacing implants than ambulatory surgical centers as per the trend observed in patient preferences over the globe.
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Summary of Table of Content
1. Executive Summary
2. Market Introduction
3. Leadless Pacing System Market View Point
4. North America Leadless Pacing System Market Analysis 2012–2016 and Forecast 2017–2025
5. Latin America Leadless Pacing System Market Analysis 2012–2016 and Forecast 2017–2025
6. Europe Leadless Pacing System Market Analysis 2012–2016 and Forecast 2017–2025
7. Asia Pacific (APAC) Leadless Pacing System Market Analysis 2012–2016 and Forecast 2017–2025
8. Middle East and Africa (MEA) Leadless Pacing System Market Analysis 2012–2016 and Forecast 2017–2025
9. Competition Landscape
10. Global Leadless Pacing System Market Analysis 2012–2016 and Forecast 2017–2025, By Region
11. Global Leadless Pacing System Market Analysis 2012–2016 and Forecast 2017–2025, By Application Type
12. Global Leadless Pacing System Market Analysis 2012–2016 and Forecast 2017–2025, By End User
13. Global Leadless Pacing System Market Analysis 2012–2016 and Forecast 2017–2027
14. Assumptions and Acronyms Used
15. Research Methodology
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