The Cardiac Pacemakers Market accounted to USD 5.2 billion in 2016 growing at a CAGR of 10.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Cardiac Pacemakers Market – Market Definition:
Cardiac pacemaker is a small device placed in the chest or abdomen that control abnormal heart rhythms initiated by electrical impulses. This device uses electrical pulses to prompt the heart to beat at a normal rate.
Global Cardiac Pacemakers Market – Major market drivers and restraints:
- Increasing Worldwide Incidence of Cardiovascular Diseases
- Increasing reimbursement for implantation of pacemaker
- Rising Geriatric Population
- Technological advancements in cardiac pacemaker
Global Cardiac Pacemakers Market – Market Segmentation:
By product type the market for cardiac pacemakers is segmented into implantable cardiac pacemaker, external cardiac pacemaker.
By technology, the cardiac pacemakers market is segmented into Dual-Pacemaker, Single-Chamber, Bi-Ventricular. On the basis of end-user the market is segmented into Hospitals and Ambulatory surgical centers.
On the basis of geography, cardiac pacemakers market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Global Cardiac Pacemakers Market – Competitive Analysis:
The Cardiac pacemakers market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cardiac pacemakers market for global, Europe, North America, Asia Pacific and South America.
Global Cardiac Pacemakers Market – Major Market Competitors:
Some of the major players operating in cardiac pacemakers market are BIOTRONIK SE & Co. KG, Boston Scientific Corporation, Medtronic PLC, St. Jude Medical Inc., LivaNova PLC, Osypka Medical GmbH, MEDICOWEB, ZOLL Medical Corporation, MEDICO S.p.A., Vitatron, Pacetronix, Cordis, Inc. among others.
Global Cardiac Pacemakers Market – Research Methodology:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.