Pacemakers Market Size, Share and Forecast|Market Leaders 2026
The Pacemakers Market size was worth $ XX billion in 2019 and is forecasted to reach $ XX billion by 2026, at a CAGR of XX% during the forecast period.
(EMAILWIRE.COM, October 16, 2019 ) Market Overview:
Pacemakers are medical devices used to deliver electrical pulses to the heart, in order to maintain a normal heart rate. These devices are used for the treat heart medical complications/conditions such as arrhythmias and heart failure.
Market Dynamics:
The Pacemakers Market growth is driven by several factors such as, rising prevalence of heart diseases, favorable reimbursement scenario, growing geriatric population, and technological advancements in the devices.
However, high cost of pacemaker devices is a major restraint hindering the growth of the market. Implanted heart devices like pacemakers and stents costs two to six times more in the U.S. than in Germany, where costs are among the lowest in Europe. A commonly used pacemaker cost $4,200 in the U.S. and $1,400 in Germany.
Market Segmentation:
On the basis of technology, the pacemaker market is segmented into single chamber pacemaker, dual-chamber pacemaker, and biventricular/CRT pacemaker. Single-chamber pacemaker has one lead that connects the pulse generator to one chamber of the heart. Dual-chamber pacemaker is a device with two leads which regulates the pace of contractions of both chambers. The dual-chamber pacemakers held significant market share in 2018, owing to some factors such as reduced post-surgical complications and presence of two leads in order to assure normal physiology of the heart.
On the basis of application, the pacemakers market is segmented into Atrial Fibrillation, Bradycardia, Arrhythmia, and Tachycardia.
Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific, and the Middle East and Africa.
North America is dominating the pacemakers market in 2018 and estimated to hold largest market size over the forecast period (2019-2026), owing to the rising prevalence of cardiovascular disease, high obesity rates, and a favorable reimbursement environment.
Competitive Analysis:
Some of the major players in the Pacemakers market are: Abbott Inc. (ST. Jude Medical), Medtronic PLC, Boston Scientific Corporation, Biotronik, and Lepu Medical Co. Ltd, Livanova, Osypka Medical, Shree Pacetronix, Oscar, and Medico Spa.
View full report: https://www.datamintelligence.com/research-report/pacemakers-market
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About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Pacemakers are medical devices used to deliver electrical pulses to the heart, in order to maintain a normal heart rate. These devices are used for the treat heart medical complications/conditions such as arrhythmias and heart failure.
Market Dynamics:
The Pacemakers Market growth is driven by several factors such as, rising prevalence of heart diseases, favorable reimbursement scenario, growing geriatric population, and technological advancements in the devices.
However, high cost of pacemaker devices is a major restraint hindering the growth of the market. Implanted heart devices like pacemakers and stents costs two to six times more in the U.S. than in Germany, where costs are among the lowest in Europe. A commonly used pacemaker cost $4,200 in the U.S. and $1,400 in Germany.
Market Segmentation:
On the basis of technology, the pacemaker market is segmented into single chamber pacemaker, dual-chamber pacemaker, and biventricular/CRT pacemaker. Single-chamber pacemaker has one lead that connects the pulse generator to one chamber of the heart. Dual-chamber pacemaker is a device with two leads which regulates the pace of contractions of both chambers. The dual-chamber pacemakers held significant market share in 2018, owing to some factors such as reduced post-surgical complications and presence of two leads in order to assure normal physiology of the heart.
On the basis of application, the pacemakers market is segmented into Atrial Fibrillation, Bradycardia, Arrhythmia, and Tachycardia.
Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific, and the Middle East and Africa.
North America is dominating the pacemakers market in 2018 and estimated to hold largest market size over the forecast period (2019-2026), owing to the rising prevalence of cardiovascular disease, high obesity rates, and a favorable reimbursement environment.
Competitive Analysis:
Some of the major players in the Pacemakers market are: Abbott Inc. (ST. Jude Medical), Medtronic PLC, Boston Scientific Corporation, Biotronik, and Lepu Medical Co. Ltd, Livanova, Osypka Medical, Shree Pacetronix, Oscar, and Medico Spa.
View full report: https://www.datamintelligence.com/research-report/pacemakers-market
Download free sample: https://www.datamintelligence.com/download-sample/pacemakers-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results