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Pacemakers Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2025

Author : Ronak Bora | Published Date : 2020-09-09 

Pacemakers Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Growing cases of heart-related disorders like bradycardia, heart blockages, and tachycardia could stimulate the demand for pacemakers over the forthcoming years. Lately, there has been a rise in number of patients suffering from heart arrythmia disorder or abnormal heart rhythms. People are becoming more aware of the treatment options available for such conditions. With rising recognition of pacemakers, GMI, estimates that the pacemakers market could reach a valuation of USD 4.2 billion by 2025.

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The advent of technologically advanced MRI compatible pacemakers could act as a game-changer for the healthcare sector. Presence of a large scale geriatric population across the globe that is vulnerable to chronic heart diseases might play a crucial role in broadening the industry horizon for pacemaker companies.

MRI compatible pacemakers have grown to become more reliable and functional due to technological innovation. As per the Diagnostic and Interventional Cardiology report, majority of vendors supplying pacemakers in the United States in 2018 offered MRI-safe pacemakers and solutions that were approved for commercialization from the FDA.

Taking February 2017 for instance, Abbott revealed that the FDA cleared both the Tendril™ MRI pacing lead and Assurity MRI™ pacemaker for magnetic resonance (MR)-conditional labeling. Apparently, patients who have these low-voltage pacemakers can undergo full-body MRI scans.

In addition to this, other innovative modifications in pacemakers like microprocessor-controlled devices, transitional tissue welding, and dynamic pacemaking could improve the adoption rates of these pacemakers. However, factors like lack of reimbursement or insurance coverage across underdeveloped & developing countries and the high cost of the pacemakers might negatively impact industry growth.

The U.S. has proved to be a promising ground for pacemaker companies as the region managed to record USD 1.5 billion in 2018. Estimates predict that the region could hold a major portion of the market share over the predicted timeline.

U.S. is witnessing a steady growth in number of cases of abnormal heart rhythm conditions and heart arrhythmia disorders. According to the Center for Disease Control and Prevention (CDC), in every 37 seconds one person in the US dies from cardiovascular disease and nearly 647,000 Americans die because of heart disease each year. Rising cases of heart related diseases may foster U.S. pacemakers market size. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/pacemaker-market

Partial Chapter of the Table of Content 

Chapter 4.  Pacemakers Market, By Product

4.1. Key segment trends

4.2. Implantable Pacemakers

4.2.1.  Market size, by region, 2014 – 2025 (USD Million)

4.2.2.  Market size, by region, 2014 – 2025 (Units)

4.3. External Pacemakers

4.3.1.  Market size, by region, 2014 – 2025 (USD Million)

4.3.2.  Market size, by region, 2014 – 2025 (Units)

Chapter 5.  Pacemakers Market, By Technology

5.1. Key segment trends

5.2. Single-chamber Pacemakers

5.2.1.  Market size, by region, 2014 – 2025 (USD Million)

5.2.2.  Market size, by region, 2014 – 2025 (Units)

5.2.3.  Single-chamber Atrial

5.2.3.1.  Market size, by region, 2014 – 2025 (USD Million)

5.2.3.2.  Market size, by region, 2014 – 2025 (Units)

5.2.4.  Single-chamber Ventricular

5.2.4.1.  Market size, by region, 2014 – 2025 (USD Million)

5.2.4.2.  Market size, by region, 2014 – 2025 (Units)

5.3. Dual-chamber pacemakers

5.3.1.  Market size, by region, 2014 – 2025 (USD Million)

5.3.2.  Market size, by region, 2014 – 2025 (Units)

5.4. Biventricular/CRT Pacemakers

5.4.1.  Market size, by region, 2014 – 2025 (USD Million)

5.4.2.  Market size, by region, 2014 – 2025 (Units)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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