Market Overview:
The global cardiac pacemakers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to factors such as the increasing prevalence of cardiovascular diseases, technological advancements in cardiac pacemakers, and rising geriatric population. Based on type, the global cardiac pacemakers market is segmented into implantable cardiac pacemakers and external cardiac pacemakers. The implantable cardiac pacemaker segment is expected to account for the majority share of the global market in 2018. This segment is projected to grow at a CAGR of 5.7% during the forecast period from 2018 to 2030 due to its advantages over external devices such as low infection rates and longer battery life. The hospitals segment accounted forthe majority shareof thismarketin 2017andis projectedtogrowat aCAGRof5 .
Product Definition:
A cardiac pacemaker is a battery-operated device that's implanted in the chest to control abnormal heart rhythms. It sends electrical signals to the heart to keep it beating at a steady pace. Cardiac pacemakers are used to treat various heart conditions, including bradycardia (an abnormally slow heartbeat), tachycardia (an abnormally fast heartbeat), and heart blockages.
Implantable Cardiac Pacemakers:
Implantable cardiac pacemakers are used to treat bradycardia and heart blockage. They are also useful in the treatment of atrial fibrillation, which is a type of cardiac arrhythmia. The most common symptom associated with this disorder is an irregular heartbeat that may or may not cause symptoms such as palpitations, discomfort, or chest pain.
External Cardiac Pacemakers:
External cardiac pacemakers are devices that help in providing synchronized electrical impulses to the heart. They are used for treating bradycardia, arrhythmias, and heart blockage. These devices work by creating an artificial heartbeat and can be used as a substitute for a person’s natural heartbeat.
Application Insights:
The hospitals segment dominated the global cardiac pacemakers market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to a large patient base suffering from arrhythmia and heart block, which require permanent treatment. Moreover, increasing number of research collaborations among key industry players for developing advanced products is expected to drive the growth of this segment over the forecast period.
For instance, collaboration between Medtronic and Koninklijke Philips N.V., both companies have developed an implantable cardiac pacemaker that utilizes Philips' eXtreme Power Hungry Technology (eXP HT) for better performance in small size without compromising battery life or complexity. Such developments are anticipated to improve patients¢â‚¬â„¢ quality of life by reducing treatment time while maintaining optimum pace stability across various applications during lifetime of device.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable government initiatives, increasing geriatric population, and technological advancements. For instance, according to the American Heart Association (AHA), more than 11 million people suffer from heart failure in U.S., which is around 6% of the total population. Moreover, approximately 2 million people have heart transplants every year in this region as a result of rising demand for organ donation and scarcity of healthy hearts for transplantation purposes.
Asia Pacific is expected to be one of fastest growing regions due to untapped opportunities and rapidly improving healthcare infrastructure coupled with economic development over past few years especially in countries like India & China & Australia etc.; hence driving growth across this region during forecast period (2018 To 2030).
Growth Factors:
- Increasing incidence of cardiovascular diseases (CVDs)
- Growing geriatric population
- Rising demand for minimally invasive procedures
- Technological advancements in cardiac pacemakers
- increasing healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Cardiac Pacemakers Market Research Report
By Type
Implantable Cardiac Pacemakers, External Cardiac Pacemakers
By Application
Hospitals, ASC, Clinics
By Companies
Boston Scientific, Medtronic, Cardiac Science, CCC Medical Devices, Cook Medical, GE Healthcare, MEDICO, SORIN GROUP, ZOLL Medical Corporation, Boston Scientific
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Cardiac Pacemakers Market Report Segments:
The global Cardiac Pacemakers market is segmented on the basis of:
Types
Implantable Cardiac Pacemakers, External Cardiac Pacemakers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, ASC, Clinics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boston Scientific
- Medtronic
- Cardiac Science
- CCC Medical Devices
- Cook Medical
- GE Healthcare
- MEDICO
- SORIN GROUP
- ZOLL Medical Corporation
- Boston Scientific
Highlights of The Cardiac Pacemakers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Implantable Cardiac Pacemakers
- External Cardiac Pacemakers
- By Application:
- Hospitals
- ASC
- Clinics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cardiac Pacemakers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A cardiac pacemaker is a small, battery-operated device that helps to regulate the heart rhythm. When the heart beats too fast or too slow, it can cause serious health problems. A cardiac pacemaker helps to keep the heart rate in a normal range by sending electrical impulses to theheart.
Some of the major players in the cardiac pacemakers market are Boston Scientific, Medtronic, Cardiac Science, CCC Medical Devices, Cook Medical, GE Healthcare, MEDICO, SORIN GROUP, ZOLL Medical Corporation, Boston Scientific.
The cardiac pacemakers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cardiac Pacemakers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cardiac Pacemakers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cardiac Pacemakers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cardiac Pacemakers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cardiac Pacemakers Market Size & Forecast, 2018-2028
4.5.1 Cardiac Pacemakers Market Size and Y-o-Y Growth
4.5.2 Cardiac Pacemakers Market Absolute $ Opportunity
Chapter 5 Global Cardiac Pacemakers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cardiac Pacemakers Market Size Forecast by Type
5.2.1 Implantable Cardiac Pacemakers
5.2.2 External Cardiac Pacemakers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cardiac Pacemakers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cardiac Pacemakers Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 ASC
6.2.3 Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cardiac Pacemakers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cardiac Pacemakers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cardiac Pacemakers Analysis and Forecast
9.1 Introduction
9.2 North America Cardiac Pacemakers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cardiac Pacemakers Market Size Forecast by Type
9.6.1 Implantable Cardiac Pacemakers
9.6.2 External Cardiac Pacemakers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cardiac Pacemakers Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 ASC
9.10.3 Clinics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cardiac Pacemakers Analysis and Forecast
10.1 Introduction
10.2 Europe Cardiac Pacemakers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cardiac Pacemakers Market Size Forecast by Type
10.6.1 Implantable Cardiac Pacemakers
10.6.2 External Cardiac Pacemakers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cardiac Pacemakers Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 ASC
10.10.3 Clinics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cardiac Pacemakers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cardiac Pacemakers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cardiac Pacemakers Market Size Forecast by Type
11.6.1 Implantable Cardiac Pacemakers
11.6.2 External Cardiac Pacemakers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cardiac Pacemakers Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 ASC
11.10.3 Clinics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cardiac Pacemakers Analysis and Forecast
12.1 Introduction
12.2 Latin America Cardiac Pacemakers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cardiac Pacemakers Market Size Forecast by Type
12.6.1 Implantable Cardiac Pacemakers
12.6.2 External Cardiac Pacemakers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cardiac Pacemakers Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 ASC
12.10.3 Clinics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cardiac Pacemakers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cardiac Pacemakers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cardiac Pacemakers Market Size Forecast by Type
13.6.1 Implantable Cardiac Pacemakers
13.6.2 External Cardiac Pacemakers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cardiac Pacemakers Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 ASC
13.10.3 Clinics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cardiac Pacemakers Market: Competitive Dashboard
14.2 Global Cardiac Pacemakers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boston Scientific
14.3.2 Medtronic
14.3.3 Cardiac Science
14.3.4 CCC Medical Devices
14.3.5 Cook Medical
14.3.6 GE Healthcare
14.3.7 MEDICO
14.3.8 SORIN GROUP
14.3.9 ZOLL Medical Corporation
14.3.10 Boston Scientific
