Global Pacemaker Market Research Report: Information by Implantability (Implantable Pacemakers and External Pacemaker), Technology (Dual-Chamber Pacemakers, Single-Chamber Pacemakers and Biventricular/CRT Pacemakers), Type (MRI Compatible Pacemakers and Conventional Pacemakers), End User (Hospitals & Cardiac Centers and Ambulatory Surgical Centers) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2025,Confirms MRFR
Leading Market Players
Abbott Laboratories (US), Medtronic (Dublin, Ireland), Biotronik (Germany), Boston Scientific (US), Lepu Medical (China), Medico Spa (Italy), Livanova (UK), Osypka Medical (Germany), Shree Pacetronix (India), and Oscor (US) has been considered by MRFR as major market players in the global market for pacemaker. These players are making a significant impact by launching their own mergers, acquisitions, tie-ups, and others as major strategic moves.
Pacemaker Market Overview:
The global pacemaker market is having a great run in the market for several reasons. The market is witnessing a strong surge in its application as the number of people recording cardiac problems have grown in number and their proper diagnosis is triggering higher intake of the product. The global market for a pacemaker is also witnessing a surge due to the constant innovation and growing demand for minimally-invasive surgeries. The market is showing a high potential in achieving a moderate 2.5% CAGR between 2019 and 2025.
A pacemaker is known to be a small device that can be implanted into the chest of a person that would regulate irregularities in the beating of the heart. People who are suffering from arrhythmia, heart block, atrial fibrillation, and long QT syndrome are more prone to such attacks. This calls for better diagnosis, which opens up the demand for pacemakers. High growth in investment for research and development can inspire the growth of this market. But this market can be restrained as well as the product cost is quite high and the reimbursement policies are not providing much favor owing to such reasons, the market may face some hurdles.
The Global Pacemaker Market, as laid bare in the report published by MRFR, can be studied on the basis of a decent segmentation that would include type, technology, implantability, and end users. These segments would be known for their detailed analysis of various market factors and would provide insights regarding how to reap benefits of it.
By implantability, the global report on the market for pacemakers can be segmented into implantable pacemakers and external pacemakers. The internal pacemakers are finding significant growth owing to their smaller size and almost invisible nature.
By technology, the global market study covering the pacemaker industry can be segmented into single-chamber pacemakers, dual-chamber pacemakers, and biventricular/CRT pacemakers.
By type, the global market for pacemakers can be taken into consideration for a better analysis of MRI compatible pacemakers and conventional pacemakers.
By end user, the global market for pacemaker includes ambulatory surgical centers and hospitals & cardiac centers. The hospitals & cardiac centers segment has a better growth opportunity due to the better infrastructure.
In November 2019, a research paper published in the Journal of Physiology declared the advent of a new type of pacemaker that can be deemed as bionic in nature. The pacemaker would detect irregularities in the heartbeat and accordingly take action and boost the performance of the heart.
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