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Cardiac Pacemaker Market trend, outlook 2026

Author: Ravikiran Bhosale
by Ravikiran Bhosale
Posted: Jun 18, 2018

Pacemaker is a device implanted on either (left or right) side of the chest and is connected with heart through pacing wires (also called as lead). It continuously monitors the heart rate and in case it detects slow heart rate, the device sends out electrical pulse to bring the heart rate to normal. Development of new products in pacemakers such as multi-chamber, two and three-chamber pacemakers, magnetic resonance imaging (MRI) compatible pacemakers, and leadless pacemaker has aided in greater adoption of this technology. This has led to growth of the market.

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Market Dynamics

New product launches by market players, owing to technological advancement in cardiac pacemakers are expected to drive growth of the market. Key manufacturers are engaged in launching more compact and efficient pacemaker device, which allows better control of abnormal heart rhythm along with additional specifications such as blood temperature monitor and breathing rate. For instance, in May 2016, Biotronik launched CardioMessenger Smart, portable monitoring device in the U.S. This system is about the size of a modern smartphone used to keep pacemaker, Implantable Cardioverter Defibrillator (ICD) and Insertable Cardiac Monitor (ICM) patients connected to their physician remotely. This CardioMessenger Smart helps to ensure patient compliance and the consistent transmission of data necessary for physicians to identify and prevent potential cardiac events. Moreover, high prevalence of cardiovascular disease is the major factor driving growth of global cardiac pacemaker market over the forecast period. As per statistics published by the World Health Organization (WHO), globally, an alarmingly high number of deaths resulted from cardiovascular disease in 2012, resulting in 31.0% or equating to 17.5 million lives. Among these, around 40.0% and 38.0% deaths were caused by coronary heart disease and stroke, respectively.

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Key features of the study:

  • This report provides in-depth analysis of the cardiac pacemaker market, market size (US$ Mn) and compound annual growth rate (CAGR (%) for the forecast period: 2018 – 2026, considering 2017 as the base year

  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market

  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by the leading players

  • It profiles leading players in the global cardiac pacemaker market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies

  • Key players covered as a part of this study include Medtronic Plc, BIOTRONIK, Inc., Boston Scientific Corporation, Abbott Laboratories, Vitatron Holding B.V., Shree Pacetronix Ltd., MEDICO S.p.A., Lepu Medical Technology Co Ltd., LivaNova PLC, Qinming Medical, and Cordis Inc.

  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, technological up-gradation, market expansion, and marketing tactics

  • The global cardiac pacemaker market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers for cardiac pacemaker market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

  • Global Cardiac Pacemaker Market, By Product Type:

    • Single Chambered

    • Dual Chambered

    • Biventricular

    • Implantable Cardiac Pacemaker

    • External Cardiac Pacemaker

  • Global Cardiac Pacemaker Market, By End User:

    • Hospitals

    • Ambulatory Surgical Centers

  • Global Cardiac Pacemaker Market, By Region:

    • By Country:

      • U.S.

      • Canada

    • By Product Type:

      • Implantable Cardiac Pacemaker

      • Single Chambered

      • Dual Chambered

      • Biventricular

      • External Cardiac Pacemaker

    • By End User:

      • Hospitals

      • Ambulatory Surgical Centers

    • North America Cardiac Pacemaker Market

    • Europe Cardiac Pacemaker Market

      • By Country:

        • U.K.

        • Germany

        • Italy

        • Spain

        • France

        • Russia

        • Rest of Europe

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Submitting intelligent market insights of the market situations for healthcare services

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Author: Ravikiran Bhosale

Ravikiran Bhosale

Member since: May 31, 2018
Published articles: 316

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