Cardiac pacemaker market information by type (implantable, external), end-users (hospitals, cardiac care centers, ambulatory, and others) – Forecast till 2022
The global cardiac pacemaker market has been evaluated to be steadily growing and is expected to continue this growth in the future as well. Cardiac pacemaker are artificial heart rhythm management device which regularizes heartbeats by sending electrical impulses to the heart. External pacemakers are temporary pacing devices which are used during a cardiac surgery to maintain normal heart rhythm. External pacemakers require a fully equipped clinical facility as they are not placed inside the skin. On the other hand, implantable pacemakers are placed inside the skin on the left side of the chest of the patient. The normal life of an implantable pacemaker device is said to be 10 years. The average cost of the device is around $10000 in U.S. However, due to favorable health reimbursement policies of the government, people can now afford to undergo implantation procedure which is contributing to the growth of the cardiac pacemaker market. Among implantable and external pacemaker, implantable cardiac pacemakers are the most preferred pacemakers by physicians. Their market is vast as compared to external pacemaker.
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Global Cardiac Pacemaker Market Players:
There are ample large and small market players in the global cardiac pacemaker market. Major participants of this market are Medtronic plc, St. Jude Medical Inc., Boston Scientific Corporation, BIOTRONIK SE & Co. KG, Lepu Medical Technology Co ltd., Pacetronix ltd., SORIN Group, Osypka Medical Inc., Medico S.p.A., OSCOR Inc., and others.
After a certain age, heart starts developing irregularities in the rhythmic pattern. As age increases the prevalence of arrhythmia rises leading to various heart problems including strokes and heart attacks. Pacemakers help in managing these irregularities and arrhythmias so that the patient leads a healthy life. Rise in the geriatric population as well as increasing incidences of coronary diseases consequently number of deaths are some of the factors which boost the demand of cardiac rhythm management devices including pacemakers. However, recent developments in the implantable cardiac defibrillators have turned the table, their increasing popularity have hampered the growth of cardiac pacemakers globally.
As per the geographical segmentation of the cardiac pacemaker market includes America, Europe, Asia-Pacific and Middle East & Africa. Globally America is the largest market for cardiac pacemaker and North American is leading this market. Europe is the second-largest market for cardiac pacemaker which is expected to continue its growth even in future. Apart from North America, Asia Pacific is the fastest growing market.
Cardiac pacemaker market has been segmented on the basis of type which includes implanted pacemaker which is sub-segmented into single chamber, double chamber pacemaker and external pacemaker. On the basis of end-user, market is segmented into hospitals, cardiac care centers, ambulatory center and others.
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The report for cardiac pacemaker market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors of the market. The report also provides details information and strategies of the top key players in the industry as well as gives a broad study of the different markets segments and regions
Table of Content
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE
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2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
3 MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY
5 GLOBAL CARDIAC PACEMAKER MARKET, BY TYPE
5.1 IMPLANTABLE PACEMAKER
5.1.1 SINGLE CHAMBER
5.1.2 DUAL CHAMBER
5.2 ENTERNAL PACEMAKER
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