Pacemaker Market Analysis By Product Type, Application, Implant Approach, Key Players and Regional Outlook, Forecast To 2023
Pune, India – July 16, 2019 —
The global Pacemaker Market size estimated to grow at a CAGR of 6.5% by the end of 2023 Predicted by Market Research Future (MRFR).
The surge in cardiovascular cases is observed as major cause to spur the pacemaker market growth.
Additionally, the growing geriatric citizenry and high prevalence of genetic disorders are also prompting cardiac disorders.
Moreover, hike in medical expenses and existence of strong reimbursement policies are other factor that can shoot up the growth curve of the pacemaker market share over the review period.
Jul 22, 2019 (AB Digital via COMTEX) -- The global Pacemaker Market size estimated to grow at a CAGR of 6.5% over the forecast period of 2018-2023, as per the latest study report by Market Research Future (MRFR).
Pacemakers regularize heart rhythm by sending electric pulses to the heart and help in restoring cardiac activity.
The surge in the prevalence of cardiac diseases has generated high demand for pacemakers which is driving the growth of the global pacemaker market.
Atrial fibrillation has witnessed a higher incidence rate in recent years which requires pacemakers for remediation.
Other factors aiding the growth of the market include an elevated level of awareness regarding cardiovascular diseases, improvement in reimbursement scenario, and high healthcare expenditure across the globe.
However, the approval and marketing if pacemakers are regulated by the US FDA which are stringent considering the degree of risk they pose to patients.
Cardiac Pacemaker Market Research Report: By Type (Implantable, External) By Technology (Biventricular, Single-Chambered, Dual-Chambered) Application (Arrhythmias, Congestive Heart Failure) End Users (Hospitals, Ambulatory) - Forecast till 2027Overview:Cardiac pacemaker is a device that can manage the heart rhythm artificially.
Technological progress and curbed costs are major driving factor for the global cardiac pacemaker market, which is expected to garner 7.9% CAGR during the forecast period (2017-2023).
Market research Future (MRFR) makes a claim in their recently published analysis of the global cardiac pacemaker market that the attainment of the valuation mark would be easier for the market during the forecast period.Several factors like growing geriatric population, better affordability, technologically-advanced devices, growing health-related issues, and others are expected to help the global cardiac pacemaker market make the leap in terms of growth during the forecast period.
Also, the risk of malfunctioning can be a great deterrent for the market.Segmentation:MRFR’s report on the global cardiac pacemaker market has a sound foundation on segments like type, technology, application, and end-users.
This segmentation is amply backed by various volume-wise and value-wise data results.Based on the type, the cardiac pacemaker market can be segmented into external cardiac pacemaker, implantable, and others.
This report aims at providing a closer look of the market that would help in the identification of various factors.The Americas is enjoying the dominance it has over the global market and is expected to continue in the coming years as well by providing substantial backups for the sector.