Pacemaker Industry 2018 - Opportunity Analysis, Application and Outlook up to 2023

Global Pacemaker Market has been segmented on the basis of types which comprises of Implantable, Single chamber, Dual chamber, External. On the basis of applications, market is segmented into unipolar, bipolar and others. On the basis of end users, market is segmented into hospitals, clinics, cardiac research institutes, ambulatory centers, diagnostic centers and others.

Key Players for Pacemaker Market:

Some of the key players in this market are: ATS Medical, Biotronik GmbH & Co. KG, Boston Scientific Corporation, Edwards Lifesciences, Medtronic PLC, Sorin Group, St. Jude Medical Inc., Vitatron Holding B.V., Zoll Medical Corporation and others.

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Market Scenario:

A pacemaker is a small device that is used to regulate your heart rhythm. The pacemaker system, which consists of a battery pack (pulse generator) and either one of two wires (leads), is surgically implanted under the skin in your chest, just beneath your collarbone. The pacemaker continuously senses your heart's natural rhythm and will stimulate the heart to beat when it senses that your own heart rhythm is too slow. It will stimulate your heart to beat in a way that mimics your heart's own electrical beat. Increasing number of cardiovascular diseases, changing food habits and adaptation of junk food leading to the heart problems are some of the key factor responsible for the growth of the global pacemaker market.

Segments:

Global pacemaker market has been segmented on the basis of types which comprises of Implantable, Single chamber, Dual chamber, External. On the basis of applications, market is segmented into unipolar, bipolar and others. On the basis of end users, market is segmented into hospitals, clinics, cardiac research institutes, ambulatory centers, diagnostic centers and others.

Pacemaker Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.

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Global Pacemaker Market - Overview

A pacemaker is a small device that is used to regulate your heart rhythm. The global pacemaker market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. Cardiac pacemaker are the artificial heart rhythm management devices which regularize the heartbeats by sending the electrical impulses to the heart. External pacemakers are the temporary pacing devices which are used during the cardiac surgical procedures to maintain the heartbeat rhythms. External pacemakers require a fully furbished clinical facility. 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 US. But due to the favourable reimbursement policies of the government, it becomes affordable for the people to undergo the implantation procedure leading to the growth of the market. Among the two types implantable and external, implantable cardiac pacemakers are the most preferred pacemakers by the physicians.

Pacemakers help in managing these irregularities and arrhythmias to lead the patient to a healthy life. Rise in the geriatric population, rise in the number of incidences of coronary diseases and number of deaths due to heart attacks are some of the factors which boost the demand of the cardiac rhythm management devices including the pacemakers. However, the recent developments in the implantable cardiac defibrillators have turned the tables to an extent. The increasing popularity of the implantable cardiac defibrillators can hamper the growth of the cardiac pacemakers globally.

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