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Pacemakers Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019to 2026

Press release   •   Sep 25, 2019 15:00 BST

The global pacemakers market is predicted to value over USD 5.4 billion by 2026 end and is expected to register a CAGR of over 7% from 2019 to 2026. 

Growing prevalence of cardiovascular diseases and technological advancements are the major factors burgeoning market growth. Favourable reimbursement policies have lessened the financial burden on patients opting for pacemaker implantation, hence fueling the growth of the market. Under the Medicare Plan in the US, eligible professionals get a reimbursement, approximately USD 7,500 out of USD 10,000. Such initiatives are expected to stimulate market growth. Latest technological advancements in the form of microprocessor-controlled devices, transitional tissue welding, and dynamic pacemaker technology are stimulating the market. These techniques are efficient and enhance the artificial pacemakers thus bolstering the market.
According to the figures released by the World Health Organization, an estimated 17 million people die of CVDs, particularly heart attacks and strokes, every year. Soaring mortality rates linked with cardiac conditions are triggering growth of the market.

The market is classified into product and region. Based on the product, the market is segmented into implantable and external. Implantable products are expected to dominate the market growth. The presence of various leads in implantable products has allowed the normal physiological functioning of the heart, thus resulting in fewer complications post-operation. Dual-chamber devices are expected to be in huge demand due to inbuilt two leads.

In terms of regions, North America is the global leader of the market. Increasing per capita healthcare spending, the presence of prominent, favourable reimbursement policies and advanced healthcare infrastructure are the key factors escalating the market in the region. Furthermore, the availability of advanced technology and growing population awareness is triggering the market growth in countries like the US and Canada.

Asia-Pacific is anticipated to show exponential growth owing to favourable government initiatives. Implementation of Goods and Services Tax in India has resulted in the reduction of tax rates thus booming the business. China's imposition of the open and well-balanced economy has allowed manufacturers to penetrate and invest heavily in the region.

Prominent players of the market are Boston Scientific Corporation, Medical Corporation, Cordis, Pacetronix, Vitatron, MEDICO S.p.A, ZOLL Medical Corporation, St.Jude Medical, BIOTRONIK, Inc., and Medtronic.

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Global Pacemakers Market Segmentation:
By Product
● Implantable
▪ Single Chamber
▪ Dual Chamber
▪ Biventricular
● External

By Region● North America
Europe
● Asia Pacific
● Latin America
● Rest of the World

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Competitive Landscape: ● New product development is bolstering the market. The US FDA approved St.Jude Medical's SyncAV. SyncAV is a CRT software which is compatible with St. Jude Medical's multiPoint pacing technology
● FDA approved Medtronic's Azure pacemaker which comes with BlueSync technology
● Medtronic received certification from CE Mark for its upcoming next generation cardiac resynchronization therapy-pacemakersFutureWise Key Takeaways● Growth Prospects
● SWOT Analysis
● Key Trends
● Key data-points affecting market growthObjectives of the Study:• To provide with an exhaustive analysis on the global pacemakers market by product, and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• Evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and the rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financial and core competencies

Table of Contents

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

1.3. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Snapshot

Chapter 3. Pacemaker Market Variables, Trends & Scope

3.1. Market Segmentation & Scope

3.2. Market Driver Analysis

3.3. Penetration & Growth Prospect Mapping

3.4. SWOT Analysis, By Factor

3.4.1. Political

3.4.2. Economic

3.4.3. Technological

3.5. Industry Analysis - Porter’s

Chapter 4. Pacemaker Market: Product Evaluation & Trend Analysis

4.1. Pacemaker Movement Analysis & Market Share, 2016 & 2025

4.2. Market Size Estimates & Forecasts and Trend Analyses, 2014 to 2026 for the following products:

4.2.1. Implantable

4.2.1.1. Single Chamber

4.2.1.2. Dual Chamber

4.2.1.3. Biventricular

4.2.2. External

Chapter 5. Pacemaker Market: Regional Evaluation & Trend Analysis

5.1. Pacemaker Movement Analysis & Market Share, 2016 & 2026

5.2. North America

5.2.1. U.S.

5.2.1.1. U.S. revenue estimates and forecasts by product, 2014 - 2026 (USD Million)

5.2.2. Canada

5.2.2.1. Canada revenue estimates and forecasts by, product, 2014 - 2026 (USD Million)

5.3. Europe

5.3.1. U.K.

5.3.1.1. U.K. revenue estimates and forecasts by product, 2014 - 2026 (USD Million)

5.3.2. Germany

5.3.2.1. Germany revenue estimates and forecasts by, product, 2014 - 2026 (USD Million)

5.4. Asia Pacific

5.4.1. Japan

5.4.1.1. Japan revenue estimates and forecasts by product, 2014 - 2026 (USD Million)

5.4.2. China

5.4.2.1. China revenue estimates and forecasts by, product, 2014 - 2026 (USD Million)

5.5. Latin America

5.5.1. Brazil

5.5.1.1. Brazil revenue estimates and forecasts by, product, 2014 - 2026 (USD Million)

5.5.2. Mexico

5.5.2.1. Mexico revenue estimates and forecasts by product, 2014 - 2026 (USD Million)

5.6. MEA

5.6.1. South Africa

5.6.1.1. South Africa revenue estimates and forecasts by product, 2014 - 2026 (USD Million)

5.6.2. Saudi Arabia

5.6.2.1. Saudi Arabia revenue estimates and forecasts by product, 2014 - 2026 (USD Million)

Chapter 6. Competitive Landscape

6.1. Strategy Framework

6.2. Company Profiles

6.2.1. Medtronic

6.2.1.1. Company Overview

6.2.1.2. Financial Performance

6.2.1.3. Product Benchmarking

6.2.1.4. Strategic Initiatives

6.2.2. BIOTRONIK

6.2.2.1. Company Overview

6.2.2.2. Financial Performance

6.2.2.3. Product Benchmarking

6.2.2.4. Strategic Initiatives

6.2.3. Boston Scientific Corporation

6.2.3.1. Company Overview

6.2.3.2. Financial Performance

6.2.3.3. Product Benchmarking

6.2.3.4. Strategic Initiatives

6.2.4. St. Jude Medical

6.2.4.1. Company Overview

6.2.4.2. Financial Performance

6.2.4.3. Product Benchmarking

6.2.4.4. Strategic Initiatives

6.2.5. ZOLL Medical Corporation

6.2.5.1. Company Overview

6.2.5.2. Financial Performance

6.2.5.3. Product Benchmarking

6.2.5.4. Strategic Initiatives

6.2.6. Vitatron

6.2.6.1. Company Overview

6.2.6.2. Financial Performance

6.2.6.3. Product Benchmarking

6.2.6.4. Strategic Initiatives

6.2.7. MEDICO S.p.A.

6.2.7.1. Company Overview

6.2.7.2. Financial Performance

6.2.7.3. Product Benchmarking

6.2.7.4. Strategic Initiatives

6.2.8. Pacetronix

6.2.8.1. Company Overview

6.2.8.2. Financial Performance

6.2.8.3. Product Benchmarking

6.2.8.4. Strategic Initiatives

6.2.9. Cordis, Inc.

6.2.9.1. Company Overview

6.2.9.2. Financial Performance

6.2.9.3. Product Benchmarking

6.2.9.4. Strategic Initiatives

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