The Global Pacemakers and Cardioverter Defibrillators market was valued at USD XX Mn in 2019, and is expected to reach USD XX Mn by 2027, with CAGR of 2.22% during forecast period.

Pacemaker is a device used to treat patients suffering from arrhythmias. Pacemakers send electrical pulses to the heart and help in heartbeat regulation at a normal rate. Pacemakers are largely suggested by professionals in the case where the heart is not able to pump blood effectively in the whole body.

Cardioverter Defibrillators generates electrical pulses or shocks to help control life-threatening arrhythmias and also in case of sudden cardiac arrest (SCA). The adoption of cardioverter defibrillators and pacemaker is increasing in the growing population with rising incidence & prevalence of various cardiovascular diseases across the globe.

The global cardioverter defibrillator devices market is expected to grow at a CAGR of 4.6% from 2019 to 2027 with USD XX million by 2027.
Market Segments

By Product

• Pacemakers
• Implantable cardioverter defibrillators

Global Pacemakers and Cardioverter Defibrillators market

Pacemakers play a significant role in the management of diseases related to cardiac dysfunction.

The growing population suffering from cardiac related disorders like Atrial Fibrillation, Arrhythmias, bradycardia and Sick-Sinus Syndrome etc., help to boost the global pacemakers and cardioverter defibrillators market by the healthcare sector. The rising number of cardiovascular diseases, increasing older population with cardiovascular up & down regulation help to boost the market during the forecast period. The availability of pacemakers in hospitals and in large healthcare organizations impel the pacemakers market growth, as it helps to extend the lifespan of curable patients those are suffering from cardiac arrest.
By Application

• Arrhythmia • Atrial fibrillation • Heart block

• Others

Growing need to treat the large number of patients suffering from arrhythmia by using pacemakers and cardioverter-defibrillators drives the market in the forecast period.

Faster, effective, and safe pacemakers need by hospitals and the healthcare sector majorly fuelling the growth of the market. Technological advancements, the increasing number of cardiac patients, and the diagnosis and treatment for arrhythmia are some of the major factors driving the growth of the market globally.
By End Users

• Hospitals • Specialty clinics & cardiac centers • Ambulatory centers

• Others

Hospitals and clinics in the end-user segment are expected to register comparatively higher share in the pacemakers and cardioverter defibrillators market share by a higher occurrence of sudden cardiac arrest in old population. Growth of certain risk factors such as smoking, sedentary lifestyle and obesity is expected to increase the prevalence of sudden cardiac arrest, which in turn, drive the market during the forecast period.
By Regional

• North America • Europe • Asia-Pacific • MEA & Africa

• Latin America

Global Pacemakers and Cardioverter Defibrillators market 1

Higher adoption of pacemakers and cardioverter defibrillators implants and higher prevalence of sudden cardiac arrest hold largest market in Europe.

Large-scale competition among key players and rising incidences of cardiovascular diseases, a growing population, and an upsurge in the global geriatric population drive the global pacemakers the market in Europe. Research & developments in pacemakers and cardioverter-defibrillators devices and growing investment in product development dominate Europe in the forecast period. Availability of the most attractive pacemakers and cardioverter-defibrillators in Europe boosts the global market by rising in healthcare expenditure.

Pacemakers and Cardioverter Defibrillators Market Dynamics

The development of leadless pacemakers and the advent of MRI-compatible pacemakers have helped to grow the healthcare industry, leading to a growth in the possibility of fewer complication rates than conventional pacemakers. Newer non-invasive cardiac devices with extended battery life are expected to further propel the market. Various other technologies are also evolving such as telemonitoring, cardiac contractility modulation (CCM), and wireless pacing which are expected to increase the growth of this market in the upcoming years. Favorable government policies are some of the key driving forces of the Pacemakers and Cardioverter Defibrillators market.

The implantation of life-saving pacemakers and ICD devices often come with many complications such as bleeding at the generator site, allergic reactions, infection where the pacemaker was implanted, etc. However, lack of skilled medical professionals (in terms of performing pacemaker procedures), huge pricing pressure, and declining capital expenditure of hospitals are likely to restraint the growth of this market. MRI compatibility has been a serious issue with the use of these devices as they restrict a cardiac patient from going through MRI scans. Until the approval of MR-conditional pacemakers, patients with implanted devices were typically denied access to MRI procedures because of the potential for harmful interaction between the device and the MRI scanner.

The objective of the report is to present a comprehensive analysis of the Global Healthcare Associated Infections Treatment Marketincluding all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Pacemakers and Cardioverter Defibrillators Marketdynamics, structure by analysing the market segments and projects the Global Pacemakers and Cardioverter Defibrillators Marketsize.
Global Pacemakers and Cardioverter Defibrillators market, By Product

• Pacemakers • Implantable cardioverter defibrillators

Global Pacemakers and Cardioverter Defibrillators market, By Application

• Arrhythmia • Atrial fibrillation • Heart block • Others

Global Pacemakers and Cardioverter Defibrillators market, By End Users

• Hospitals • Specialty clinics & cardiac centers • Ambulatory centers • Others

Global Pacemakers and Cardioverter Defibrillators market, By Region

• North America • Europe • Asia-Pacific • MEA & Africa

• Latin America

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