Cardiac Pacemakers Market Size 2022 Share, Growth By Top Company, Business Opportunity, Regional Analysis, Application, Driver, Trends and Forecasts By 2030

Kenneth Research, in its repository of market research reports, have recently added a report on Cardiac Pacemakers Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Cardiac Pacemakers Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cardiac Pacemakers Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Cardiac Pacemakers Market is valued approximately USD 4167.4 million in 2019 and is anticipated to grow with a healthy growth rate of more than 3.0% over the forecast period 2020-2026. A cardiac pacemaker is a type of medical device used to control the cardiac rhythm by transmitting electrical impulses to the heart. The main purpose of this pacemaker is to maintain an adequate heart rate either because of the heart’s natural pacemaker is not quick enough, or there is a block in the electrical conduction system of heart. Recent pacemakers are superficially programmable and allow a cardiologist, especially a cardiac electrophysiologist to decide on the optimal pacing modes for the individual patients. Rise in incidences of cardiovascular diseases owing to growing elderly population, along with the several supportive government initiatives and non-government organizations funding are the few factors responsible for high CAGR of the market over the forecast period. According to the American Heart Association, the death occurrence due to cardiovascular diseases was about 17.6 million in 2016, and a number is expected to grow to over 23.6 million by 2030. Also, as per the Center for Disease Control and Prevention (CDC), about 610,000 die due to heart diseases in the United States every year. This, in turn, is expected to accelerate the demand for cardiac pacemakers, thus contributing to the growth of the global market. However, high cost of treatment and high rate of product recalls due to device malfunctioning are the few factors expected to limit the growth of the market over the forecast period of 2020-2026.

The regional analysis of global Cardiac Pacemakers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising incidence of cardiovascular diseases, coupled with the presence of well-established healthcare infrastructure in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to rising investments by government and development of new and innovative pacemakers, along with the rapid economic growth in developing economies such as China and India.

Major market player included in this report are:
BIOTRONIK SE & Co. KG.
Boston Scientific Corporation
Medtronic PLC
Abbott Laboratories
St. Jude Medical Inc.
LivaNova PLC.
Lepu Medical Technology Co., Ltd.
Osypka Medical, Inc.
Pacetronix
MEDICO SpA

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Implantable Cardiac Pacemaker
External Cardiac Pacemaker

By End-Users:
Hospitals & Clinics
Ambulatory Surgical Centers
Others

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By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Cardiac Pacemakers Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Million)
1.2.1. Cardiac Pacemakers Market, by Region, 2018-2026 (USD Million)
1.2.2. Cardiac Pacemakers Market, by Product, 2018-2026 (USD Million)
1.2.3. Cardiac Pacemakers Market, by End-user, 2018-2026 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cardiac Pacemakers Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cardiac Pacemakers Market Dynamics
3.1. Cardiac Pacemakers Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Cardiac Pacemakers Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Cardiac Pacemakers Market, by Product
5.1. Market Snapshot
5.2. Global Cardiac Pacemakers Market by Product, Performance – Potential Analysis
5.3. Global Cardiac Pacemakers Market Estimates & Forecasts by Product 2016-2026 (USD Million)
5.4. Cardiac Pacemakers Market, Sub Segment Analysis
5.4.1. Implantable Cardiac Pacemaker
5.4.2. External Cardiac Pacemaker
Chapter 6. Global Cardiac Pacemakers Market, by End-user
6.1. Market Snapshot
6.2. Global Cardiac Pacemakers Market by End-user, Performance – Potential Analysis
6.3. Global Cardiac Pacemakers Market Estimates & Forecasts by End-user 2016-2026 (USD Million)
6.4. Cardiac Pacemakers Market, Sub Segment Analysis
6.4.1. Hospitals & Clinics
6.4.2. Ambulatory Surgical Centers
6.4.3. Others
Chapter 7. Global Cardiac Pacemakers Market, Regional Analysis
7.1. Cardiac Pacemakers Market, Regional Market Snapshot
7.2. North America Cardiac Pacemakers Market
7.2.1. U.S. Cardiac Pacemakers Market

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