Global Cardiac Pacemakers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The following companies as the key players in the global cardiac pacemaker’s market: Abbott, BIOTRONIK, Boston Scientific, and Medtronic. Other Prominent Vendors in the market are: ardiac Science, CCC Medical Devices, Cook Medical, GE Healthcare, MEDICO, SORIN GROUP, and ZOLL Medical Corporation.
The analysts forecast Global Cardiac Pacemakers Market to grow at a CAGR of 12.90% during the period 2017-2021. One trend in the market is focus on new product launches. Development of new technologies in pacemakers by the leading manufacturers has positively impacted the output of the device. For instance, Medtronic developed leadless pacemaker, which was approved by the US FDA, is a revolutionary breakthrough in the pacemaker’s technology as leads were extensively used as a component of pacemaker over the several years.
According to the report, one driver in the market is decline in the prices of pacemakers. Medical device industry has been a profitable market for the manufacturers over the years as the cost of healthcare services are increasing drastically by every passing year. For instance, the US healthcare cost is increasing at a very high speed. However, the prices of medical devices like pacemakers have been dropping. The global cardiac pacemakers market is experiencing intense competition among the key manufacturers and local/regional players. The market is dominated by prominent players like Medtronic, St. Jude Medical, and Boston Scientific; however, the market is open for local players to hold larger share in the global market through breakthrough innovations.
This report covers the present scenario and the growth prospects of the Global Cardiac Pacemakers Market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of cardiac pacemakers.
The market is divided into the following segments based on geography: Americas, APAC and EMEA.
About Cardiac Pacemakers
A pacemaker is a small device that sends electrical impulses to the heart muscle to maintain a suitable heart rate and rhythm. Pacemaker generates an electrical impulse that passes through the leads (wires) to the heart muscles. This causes the heart muscles to contract, thus creating a heartbeat. A pacemaker may also be used to treat fainting spells (syncope), congestive heart failure, and, rarely, hypertrophic cardiomyopathy. These devices are used for regulating the heartbeat of individuals and are segmented into products such as implantable cardiac pacemakers and external cardiac pacemakers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Market driver: Decline in the prices of pacemakers and for a full, detailed list, view our report
Market challenge: High competition from substitutes and for a full, detailed list, view our report
Market trend: Focus on new product launches and for a full, detailed list, view our report
Table of Contents
Scope of the report
Market segmentation by product
Market segmentation by technology
Market segmentation by end-users
Drivers and challenges
Key vendor analysis
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