Pacemaker Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027Price: 3200/- USD | Published Date: August 7, 2020 |
The global pacemaker market size was valued at over USD 4 billion in 2019 and expected to grow at a significant CAGR of around 3% during the forecast period 2020 to 2027. The market growth is attributed to factors such as increasing patients of cardiovascular diseases, initiative government policies, and technological advancement such as MRI compatible pacemakers. The rising number of CVDs is a key factor to drive the market over the forecast period. Furthermore, the increasing number of patients for heart blockages and bradycardia are some other factors to drive the market.
The global pacemaker market is segmented on the basis of product, type, application, end-use, and geography. On the basis of product, the segment is classified into implantable and external pacemakers. The implantable pacemaker segment held the largest market share in 2019 and accounted for over 60% market share in terms of revenue. The segment growth is driven by factors such as the rising adoption of implantable pacemakers for the treatment of heart failure and arrhythmias. By type, conventional pacemakers held the largest share of around 50% of global market share in 2019.
On the basis of application, the arrhythmias segment dominated the market in 2019 with over 35% of market share in terms of revenue. The segment growth is driven by factors such as smoking, growing alcohol consumption, and obesity. The segment is further classified into heart blockage, long QT syndrome, and atrial fibrillation. In contrast, congestive heart failure is accounted for the fastest-growing segment over the forecast period due to increasing patients of heart failure.
The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The report titled "Pacemaker Market: Global Industry Size, Share, Market Trends, Competitive Analysis and Forecast - 2020-2027", recently published by Research Corridor covering global market size for pacemaker market for the key segments and further cross-regional segmentation of these segments for the period 2020 to 2027.
According to Research Corridor, this study will provide in-depth analysis of segments on the basis of current trends, market dynamics and country level analysis of pacemaker industry. This report provides market estimates and forecast for the period 2018-2027, along with respective CAGRs for each segment and regional distribution for the period 2020-2027. In depth analysis of competitive landscape, porter's five forces model, value chain analysis, and pricing strategies are also covered in the report scope.
Historical & Forecast Period
- 2018 - Historical Year for Pacemaker Market
- 2019 - Base Year for Pacemaker Market
- 2020-2027 - Forecast Period for Pacemaker Market
The pacemaker market report offers a primary overview of the pacemaker industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the pacemaker industry.
Pacemaker Market Segmentation:
- Implantable pacemakers
- Single Chamber
- Dual Chamber
- Biventricular Chamber
- External pacemakers
- Conventional Pacemakers
- MRI Compatible Pacemakers
- Congestive Heart Failure
- Hospitals & Cardiac Centers
- Ambulatory Surgical Centers
List of Key Companies:
- Boston Scientific Corporation
- OSCOR Inc.,
- Osypka Medical
- Microport Scientific Corporation
- North America Market Revenue and/or Volume
- Europe Market Revenue and/or Volume
- Asia Pacific Market Revenue and/or Volume
- Middle-East and Africa Market Revenue and/or Volume
- Latin America Market Revenue and/or Volume
Key Questions Answered by Pacemaker Market Report
- Which segments (product type/applications/end-use/technology, etc) were most attractive for investments in 2019? How are these segments expected to fare during the forecast period 2020-2027?
- What will be the CAGR (Compound Annual Growth Rate) of pacemaker market during the forecast period?
- What was the pacemaker market size in 2018 and 2019; what are the estimated growth trends and market forecast for 2020-2027?
- Which manufacturer/vendor/provider in the pacemaker industry was the market leader in 2019? Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market?
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