Cardiac Pacemaker Devices Market by Product (Cardiac Pacemaker, Implantable Pacemakers, [Dual Chamber, CRT Pacemaker], External Pacemaker, Pacing Leads), Indication (Arrhythmia, CHF), End User (Hospital & Clinics, Ambulatory Care Centers) - Forecast to 2028
The global cardiac pacemaker devices market is expected to grow at a CAGR of 3.1% from 2021 to 2028 to reach ~$4.34 billion by 2028.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out the key industry drivers, restraints, challenges, and opportunities. The growth in the cardiac pacemaker devices market is mainly attributed to the rising geriatric population, rise in obesity, sedentary lifestyle, & excessive consumption of alcohol, increasing burden of cardiovascular diseases, and technological advancements such as miniaturization, complete magnetic resonance imaging (MRI) compatibility, wireless remote monitoring features, and innovative leadless pacemakers. Moreover, the availability of favorable reimbursement scenarios in the U.S. and U.K. serves as a significant growth opportunity for the growth of this market.
Based on product, the cardiac pacemakers segment is expected to show the highest growth during the forecast period. This is due to the rising adoption of cardiac pacemakers for the prevention & better management of sudden cardiac arrest and the availability of favorable reimbursement scenarios. Apart from this, the overall rise in the prevalence of cardiovascular disorders with an increase in life expectancy, adoption of a sedentary lifestyle, unhealthy food, and rising demand for innovative products with technological advancements will further drive the growth of the cardiac pacemaker devices market.
Based on end user, the hospitals & clinics segment is expected to account for the largest share in 2021. Factors contributing to the large share of this segment include a large pool of patients with cardiovascular diseases visiting the hospitals for diagnosis & treatment and availability of better healthcare facilities in hospitals along with their wide presence and easy accessibility.
An in-depth analysis of the geographical scenario of the cardiac pacemaker devices market provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. North America is expected to account for the largest share of the cardiac pacemaker devices market in 2021, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The key players operating in the global cardiac pacemaker devices market are Medtronic Public Limited Company (Ireland), Boston Scientific Corporation (U.S.), Biotronik SE & Co. KG (Germany), Abbott Laboratories (U.S.), MEDICO S.p.A. (Italy), Shree Pacetronix Ltd. (India), Lepu Medical Group (China), Osypka Medical GmbH (Germany), OSCOR Inc. (U.S.), and MicroPort Scientific Corporation (China), among others.
The global cardiac pacemaker devices market is expected to grow at a CAGR of 3.1% from 2021 to 2028 to reach ~$4.34 billion by 2028.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out the key industry drivers, restraints, challenges, and opportunities. The growth in the cardiac pacemaker devices market is mainly attributed to the rising geriatric population, rise in obesity, sedentary lifestyle, & excessive consumption of alcohol, increasing burden of cardiovascular diseases, and technological advancements such as miniaturization, complete magnetic resonance imaging (MRI) compatibility, wireless remote monitoring features, and innovative leadless pacemakers. Moreover, the availability of favorable reimbursement scenarios in the U.S. and U.K. serves as a significant growth opportunity for the growth of this market.
Based on product, the cardiac pacemakers segment is expected to show the highest growth during the forecast period. This is due to the rising adoption of cardiac pacemakers for the prevention & better management of sudden cardiac arrest and the availability of favorable reimbursement scenarios. Apart from this, the overall rise in the prevalence of cardiovascular disorders with an increase in life expectancy, adoption of a sedentary lifestyle, unhealthy food, and rising demand for innovative products with technological advancements will further drive the growth of the cardiac pacemaker devices market.
Based on end user, the hospitals & clinics segment is expected to account for the largest share in 2021. Factors contributing to the large share of this segment include a large pool of patients with cardiovascular diseases visiting the hospitals for diagnosis & treatment and availability of better healthcare facilities in hospitals along with their wide presence and easy accessibility.
An in-depth analysis of the geographical scenario of the cardiac pacemaker devices market provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. North America is expected to account for the largest share of the cardiac pacemaker devices market in 2021, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The key players operating in the global cardiac pacemaker devices market are Medtronic Public Limited Company (Ireland), Boston Scientific Corporation (U.S.), Biotronik SE & Co. KG (Germany), Abbott Laboratories (U.S.), MEDICO S.p.A. (Italy), Shree Pacetronix Ltd. (India), Lepu Medical Group (China), Osypka Medical GmbH (Germany), OSCOR Inc. (U.S.), and MicroPort Scientific Corporation (China), among others.
Scope of the Report:
Global Cardiac Pacemaker Devices Market, by Product
- Cardiac Pacemakers
- Implantable Pacemakers
- Single-chamber Pacemakers
- Dual-chamber Pacemakers
- Biventricular Pacemakers
- External Pacemakers
- Pacing Leads
- Pacing Analyzers
Global Cardiac Pacemaker Devices Market, by Indication
- Arrhythmia
- Congestive Heart Failure
- Other Indications
Global Cardiac Pacemaker Devices Market, by End User
- Hospitals and Clinics
- Ambulatory Surgery Centers
- Other End Users
Global Cardiac Pacemaker Devices Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of APAC (RoAPAC)
- Latin America
- Middle East & Africa
Table of Contents
1. Introduction
2. Research Methodology
4. Market Insights
5. Regulatory Analysis - Cardiac Pacemaker Devices Market
6. Pricing Analysis - Cardiac Pacemaker Devices Market
7. Global Cardiac Pacemaker Devices Market, by Type
8. Global Cardiac Pacemaker Devices Market, by Indication
9. Global Cardiac Pacemaker Devices Market, by End User
10. Cardiac Pacemaker Devices Market, by Geography
11. Competitive Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
Medtronic Public Limited Company (Ireland), Boston Scientific Corporation (U.S.), Biotronik SE & Co. KG (Germany), Abbott Laboratories (U.S.), MEDICO S.p.A. (Italy), Shree Pacetronix Ltd. (India), Lepu Medical Group (China), Osypka Medical GmbH (Germany), OSCOR Inc. (U.S.), and MicroPort Scientific Corporation (China), among others.Table Information
Report Attribute | Details |
---|---|
No. of Pages | 193 |
Published | August 2021 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 3.51 Billion |
Forecasted Market Value ( USD | $ 4.34 Billion |
Compound Annual Growth Rate | 3.1% |
Regions Covered | Global |