Overview

Pacemakers Market Introduction:

The Pacemakers Market is predicted to value over USD 5.4 billion by 2027 end and is expected to register a CAGR of over 7% from 2020 to 2027.
Increasing cases of cardiac conditions and the latest technological advancements in pacemaker devices are accelerating market growth. The increasing availability of medical coverage coupled with rising cases of cardiovascular diseases is expected to bolster the market. According to the figures released by the World Health Organization, an estimated 17 million people die of CVDs, particularly heart attacks and strokes, every year. High mortality rates linked with cardiac conditions are triggering the growth of the market. Increasing awareness among the population regarding cardiovascular disorders and its long term impact is expected to propel the market.

Increase in research and development initiatives and favourable government policies are expected to fuel the market growth. Under the Medicare Plan in the US, eligible professionals get an reimbursement, approximately USD 7,500 out of USD 10,000. Such initiatives are expected to spike the growth of the market.

FutureWise Market Research has instantiated a report that provides an intricate analysis of Pacemakers Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.

According to the research study conducted by FutureWise research analysts, the Pacemakers Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.

Prominent players of the market are Medtronic, Abbott Laboratories, Boston Scientific, Biotronik, Livanova, Lepu Medical, Shree Pacetronix, Osypka Medical, Medico Spa, Oscor.

Pacemakers Market Segmentation:

By Type

MRI Compatible Pacemaker
Conventional Pacemaker

By Technology

Single-chamber Pacemaker
Dual-chamber Pacemaker
Biventricular/CRT Pacemaker

By Implantability

Implantable Pacemaker
External Pacemaker

By End User

Hospitals & Cardiac Centers
Ambulatory Surgical Centers

By Region

North America
Europe
Asia Pacific
Latin America
Rest of the World

Competitive Landscape:

New product development is bolstering the market. The US FDA approved St.Jude Medical's SyncAV. SyncAV is a CRT software which is compatible with St. Jude Medical's multiPoint pacing technology
FDA approved Medtronic's Azure pacemaker which comes with BlueSync technology
Medtronic received certification from CE Mark for its upcoming next generation cardiac resynchronization therapy-pacemakers
Abbott Laboratories received FDA approval for Assurity MRI Pacemakers

FutureWise Key Takeaways

Growth Prospects
SWOT Analysis
Key Trends
Key data-points affecting market growth

Objectives of the Study

To provide with an exhaustive analysis on the pacemakers market by type, by technology, by implantability, by end user and by region.
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
Evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and the rest of the world
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financial and core competencies

Flexible Delivery Model:

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