Market Overview:
The global external cardiac pacemakers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of heart diseases, technological advancements in cardiac pacemakers, and rising geriatric population. Based on type, the global external cardiac pacemakers market is segmented into single chamber pacemakers and dual chamber pacemakers. Single chamber pacemaker held a dominant share in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to their low cost as compared to dual chamberpacemakers and growing demand for minimally invasive procedures. Dual chamberpacemaker are used for treating conditions such as bradycardia (a slow heart rate) and atrial fibrillation (irregular heartbeat). Based on application, the global external cardiacpacemaker market is segmented into bradycardia, atrial fibrillation, congestive heart failure (CHF), syncope (fainting),and others. Bradycardia held a dominant share in 2017 owingto its high prevalence across all regions studied in this research study . Atrial fibrillation was second-largestapplication segment due to increasing incidence of this condition across all geographies studied herein . Congestiveheart failure was third-largest application segment due primarily tobenefits associated with use of these devices among patients suffering from CHF .
Product Definition:
External Cardiac Pacemakers are small devices that are implanted under the skin on the chest. They help control the heartbeat by sending electrical signals to the heart.
Single Chamber Pacemakers:
Single chamber pacemakers are used to treat bradycardia and cardiac arrest. They are also useful in the management of heart failure, hypertension, and coronary artery disease. The growth factor for single chamber pacemaker market is growing at a significant rate owing to its increasing application in external cardiac pacer devices which has led to an increase in demand for these devices globally.
Dual Chamber Pacemakers:
Dual chamber pacemakers are used in external cardiac pacemakers. The basic function of these devices is to provide synchronized and automatic synchronized pacing mode for both atriums. These devices have two chambers, one of them contains the cell that generates the electric current while the other chamber has a mechanism that controls and monitors cell activity.
Application Insights:
Bradyarrhythmia is the most common cardiac arrhythmia and affects around 30 million people in North America. The introduction of advanced therapies such as anti-bradyarrhythmic drugs has led to a significant reduction in the incidence of bradyarrhythmias. However, these disorders still remain prevalent among patients suffering from various other cardiac diseases, which may lead to death or permanent disability if not treated timely.
The atrial fibrillation segment held the largest share owing to increasing prevalence and treatment failures among patients suffering from long QT syndrome or heart blocker induced AFib. According to a study published in JAMA Cardiology, around 5% - 10% of all patient visits at hospitals are due to sustained ventricular tachycardia (VT).
Regional Analysis:
North America dominated the global market in 2017 owing to favorable government initiatives, increasing geriatric population and awareness campaigns. Moreover, high disposable income of patients is also driving the regional market. The Asia Pacific region is expected to grow at a lucrative rate over the forecast period due to rising healthcare expenditure by governments and an increase in patient awareness levels coupled with product availability through distribution channels other than retail price. Furthermore, economic development in this region will boost demand for advanced cardiac care leading to higher adoption rates of external pacemakers.
The Latin American market for global external cardiac pacemakers is anticipated to witness significant growth during the forecast period owing to an increase in per capita income and healthcare expenditure as well as rise in consumer awareness regarding advanced cardiac care products such as implantable cardioverter-defibrillator (ICD). In addition, growing prevalence of cardiovascular diseases such as hypertension & atherosclerosis along with increasing aging population will drive growth further.
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
External Cardiac Pacemakers Market Research Report
By Type
Single Chamber Pacemakers, Dual Chamber Pacemakers
By Application
Bradycardia, Atrial Fibrillation, Others
By Companies
Medtronic, Abbott (St. Jude Medical), Boston Scientific, Biotronik, Oscor, Osypka AG, MicroPort (Sorin), Lepu Medical (Qinming Medical), Pacetronix, Shenzhen Lifetech Cardio Medical Electronics
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global External Cardiac Pacemakers Market Report Segments:
The global External Cardiac Pacemakers market is segmented on the basis of:
Types
Single Chamber Pacemakers, Dual Chamber 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
Bradycardia, Atrial Fibrillation, Others
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:
- Medtronic
- Abbott (St. Jude Medical)
- Boston Scientific
- Biotronik
- Oscor
- Osypka AG
- MicroPort (Sorin)
- Lepu Medical (Qinming Medical)
- Pacetronix
- Shenzhen Lifetech Cardio Medical Electronics
Highlights of The External 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:
- Single Chamber Pacemakers
- Dual Chamber Pacemakers
- By Application:
- Bradycardia
- Atrial Fibrillation
- Others
- 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 External 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?
External cardiac pacemakers are devices that are placed on the chest or upper arm and help to regulate heart rhythm. They can be used in cases of irregular heartbeats, which may lead to a stroke or other serious health problems.
Some of the key players operating in the external cardiac pacemakers market are Medtronic, Abbott (St. Jude Medical), Boston Scientific, Biotronik, Oscor, Osypka AG, MicroPort (Sorin), Lepu Medical (Qinming Medical), Pacetronix, Shenzhen Lifetech Cardio Medical Electronics.
The external 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 External 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 External Cardiac Pacemakers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 External 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 External 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 External Cardiac Pacemakers Market Size & Forecast, 2020-2028
4.5.1 External Cardiac Pacemakers Market Size and Y-o-Y Growth
4.5.2 External Cardiac Pacemakers Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Single Chamber Pacemakers
5.2.2 Dual Chamber Pacemakers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Bradycardia
6.2.2 Atrial Fibrillation
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global External 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 External 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Single Chamber Pacemakers
9.6.2 Dual Chamber 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 Market Size Forecast by Applications
9.10.1 Bradycardia
9.10.2 Atrial Fibrillation
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Single Chamber Pacemakers
10.6.2 Dual Chamber 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 Market Size Forecast by Applications
10.10.1 Bradycardia
10.10.2 Atrial Fibrillation
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Single Chamber Pacemakers
11.6.2 Dual Chamber 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 Market Size Forecast by Applications
11.10.1 Bradycardia
11.10.2 Atrial Fibrillation
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Single Chamber Pacemakers
12.6.2 Dual Chamber 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 Market Size Forecast by Applications
12.10.1 Bradycardia
12.10.2 Atrial Fibrillation
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Single Chamber Pacemakers
13.6.2 Dual Chamber 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) Market Size Forecast by Applications
13.10.1 Bradycardia
13.10.2 Atrial Fibrillation
13.10.3 Others
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 External Cardiac Pacemakers Market: Competitive Dashboard
14.2 Global External Cardiac Pacemakers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Abbott (St. Jude Medical)
14.3.3 Boston Scientific
14.3.4 Biotronik
14.3.5 Oscor
14.3.6 Osypka AG
14.3.7 MicroPort (Sorin)
14.3.8 Lepu Medical (Qinming Medical)
14.3.9 Pacetronix
14.3.10 Shenzhen Lifetech Cardio Medical Electronics
