Pacemaker Market : Global Demand is increasing faster by 2026
Pacemaker Market Outlook 2019-2026:
Global Pacemaker Market
major players are Sorin Group, Medtronic, Boston Scientific Corporation,
Biotronik GmbH & Co. KG, St. Jude Medical Inc., Vitatron, and Zoll Medical
Corporation.
The pacemaker is an artificial device
implanted in the chest that generates low-energy electrical pulses to regulate
the abnormal heart rhythm. Pacemakers are used in the medical conditions such
as Arrhythmia, Atrial fibrillation, Heart block, and Long QT syndrome. The high
prevalence of arrhythmia along with no precise therapy that regulate the
cardiac rhythm have generated the need for pacemaker devices. Pacemakers are
the preferred choice of treatment in cardiovascular diseases owing to the
non-invasive nature of these devices. Some of the driving factors for pacemaker
market are, technological advancements in pacemakers, rising incidences of
cardiovascular disorders globally, and increasing R&D investments for
pacemakers. However, the high cost of pacemakers is a key restraint in the
global pacemaker market.
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A shift in the adoption of conventional
pacemakers towards technologically advanced non-invasive ultrasound-based
pacemakers, cardiac resynchronization therapy pacemakers (CRT-P), implantable
cardioverter defibrillator (ICD) and the leadless pacemakers would open
numerous opportunities for the pacemaker market. However, a major challenge in
pacemaker market is presence of alternate treatments such as cardiac
ablation-catheters and cardioverter defibrillators that are used in tachycardia
management.
The global market for pacemakers is segmented
on the basis of type of devices, and geography. The type of devices considered
in this report include, implantable pacemaker devices and external pacemaker
devices. By applications, the market is divided in to arrhythmia, atrial
fibrillation, heart block and long QT syndrome.
Geographically, the report is segmented into
four regions namely North America, Europe, Asia Pacific, and LAMEA. One of the
key strategies adopted by the leading industry players is product launch.
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Companies such as Medtronic have focussed
their production on recent pacemaker technologies such as cardiac
resynchronization therapy pacemakers.
KEY MARKET BENEFITS
- An in-depth analysis of current research and clinical
developments within the pacemaker market is provided with key market
dynamic factors that helps understand the market behavior.
- The projections in the report are made by analyzing the
current market trends and market potential for the period of 20142020, in
terms of value
- The pacemaker market scenario is comprehensively
analyzed in accordance to the key regions
- Exhaustive analysis of the Global pacemaker market by
type helps in understanding the types of pacemakers that are currently
being used along with the variants that would gain prominence in future
- Competitive intelligence (of leading manufacturers and
distributors of leading preimplantation genetic diagnosis technologies)
highlights the business practices followed by leading market players
across the geographies
- A detailed SWOT analysis highlights the internal
environment of the leading companies for strategy formulation
- Extensive analysis of the market is conducted by
closely following key product positioning and monitoring the top
contenders within the market framework
KEY MARKET SEGMENTS
The global pacemaker market is segmented on
the basis of type of devices, application and geography.
Pacemaker Market - By Device type
- Implantable Pace-makers
- Dual Chamber Pacemakers
- Single Chamber Pacemakers
- External Pace-makers
Pacemaker Market - By Application
- Arrhythmia
- Atrial fibrillation
- Heart block
- Long QT syndrome
Pacemaker Market - By Geography
- North America
- Europe
- Asia-Pacific
- LAMEA
Source Medium: https://medium.com/@evanacook727/pacemaker-market-is-growing-worldwide-at-fastest-growth-rates-by-2026-5ebb3e7729d8
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