Worldwide Cardiac Pacemaker Market Expected to Reach USD of 9 Billion By 2022

Market Research Future has a half cooked research report (HCRR) on global cardiac Pacemaker market. The global market for cardiac pacemaker is growing continuously and expected to reach USD of 9 Billion by the end of 2022. The global cardiac pacemaker market has been evaluated to be steadily growing and is expected to continue this growth in the future as well. Cardiac pacemaker are artificial heart rhythm management device which regularizes heartbeats by sending electrical impulses to the heart. External pacemakers are temporary pacing devices which are used during a cardiac surgery to maintain normal heart rhythm. External pacemakers require a fully equipped clinical facility as they are not placed inside the skin. On the other hand, implantable pacemakers are placed inside the skin on the left side of the chest of the patient. The normal life of an implantable pacemaker device is said to be 10 years. The average cost of the device is around $10000 in U.S. However, due to favorable health reimbursement policies of the government, people can now afford to undergo implantation procedure which is contributing to the growth of the cardiac pacemaker market. Among implantable and external pacemaker, implantable cardiac pacemakers are the most preferred pacemakers by physicians. Their market is vast as compared to external pacemaker.

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After a certain age, heart starts developing irregularities in the rhythmic pattern. As age increases the prevalence of arrhythmia rises leading to various heart problems including strokes and heart attacks. Pacemakers help in managing these irregularities and arrhythmias so that the patient leads a healthy life. Rise in the geriatric population as well as increasing incidences of coronary diseases consequently number of deaths are some of the factors which boost the demand of cardiac rhythm management devices including pacemakers. However, recent developments in the implantable cardiac defibrillators have turned the table, their increasing popularity have hampered the growth of cardiac pacemakers globally.

Global Cardiac Pacemaker Market Players:

There are ample large and small market players in the global cardiac pacemaker market. Major participants of this market are Medtronic plc, St. Jude Medical Inc., Boston Scientific Corporation, BIOTRONIK SE & Co. KG, Lepu Medical Technology Co ltd., Pacetronix ltd., SORIN Group, Osypka Medical Inc., Medico S.p.A., OSCOR Inc., and others.

Regional Analysis:

per the geographical segmentation of the cardiac pacemaker market includes America, Europe, Asia-Pacific and Middle East & Africa. Globally America is the largest market for cardiac pacemaker and North American is leading this market. Europe is the second-largest market for cardiac pacemaker which is expected to continue its growth even in future. Apart from North America, Asia Pacific is the fastest growing market.
Segmentation:

Cardiac pacemaker market has been segmented on the basis of type which includes implanted pacemaker which is sub-segmented into single chamber, double chamber pacemaker and external pacemaker. On the basis of end-user, market is segmented into hospitals, cardiac care centers, ambulatory center and others.

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Cardiac pacemaker is an artificial heart rhythm management device which sends electrical pulses to the heart in order to maintain regularity of the heart rhythm. Implantable pacemakers are having more demand than the external pacemakers. Doctors usually recommend single chamber or dual chamber pacemaker according to the medical condition of the patient. Cardiovascular diseases are among top causes of death in patients all over the world. There has been rise in number of patients with irregular heartbeat and arrhythmia creating a demand for the cardiac pacemakers.

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