Cardiac Pacemaker Market Size is set to Grow at a Remarkable Pace in the Coming Years, Says Market Research Future

A pacemaker regulates heartbeat by monitoring the heart’s rhythm and generates an electric impulse when necessary. This painless impulse triggers a heartbeat. Patients in certain health conditions need pacemakers and one such condition is sinus syndrome.

Advanced pacemakers can also correct the damage caused due to failure of heart or other heart diseases.  For people who have not even responded to other therapies, a pacemaker can be the right device. Experts believe that the global market for cardiac pacemakers will grow at a CAGR of 7.9% and will reach a new milestone by 2023.

Pacemakers are often needed for certain conditions. One of the most common reasons for a pacemaker is to help with sick sinus syndrome. People with sick sinus node problems need proper heartbeat regulation. People suffering from sick sinus syndrome need extra attention as due to the health problem, their heart either beats too slowly or beats at a rapid rate.  When the heart beats slowly, it can cause fainting, dizziness, and other problems.

Regional Overview

The global cardiac pacemaker market has been segmented into regions. The market report covers the Americas, Asia-Pacific, and the Middle East and Africa, and European regions. According to the market research report, markets in the American region will dominate the global market at different levels. The growth in regional markets is due to well-developed healthcare infrastructure and investments by major key players across the world.

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Competitive Dashboard

The prominent players at the forefront of the market are LEPU MEDICAL (U.K), SORIN Group (Europe), MEDICO S.p.A. (Europe), Medtronic (U.S.), Abbott. (U.S.), Boston Scientific Corporation (U.S.), BIOTRONIK (Germany), OSCOR Inc. (U.S.), and others.

Market Segmentation

The global market for cardiac pacemaker has been segmented on the basis of type, application, technology, and end users. Based on the type, the global market has been segmented into external cardiac pacemakers, implantable cardiac pacemakers, and others. On the basis of the technology, the cardiac pacemaker market is segmented into single-chambered, biventricular, dual-chambered, and others. 

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By application, the market is segmented into arrhythmias, congestive heart failure, and others. The arrhythmias segment is sub-segmented into tachycardia, bradycardia, and others. with increasing incidences of arrhythmias across the globe, the application of cardiac pacemaker for arrhythmias cases is high in the global market. By end-user, the market is segmented into hospitals, cardiac care centers, medical institutes, and others.

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