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Pacemaker Market Size Estimated To Grow at a CAGR of 6.5% By 2023 | Pacemaker Market Statistics 2019 and Key Players: Biotronic, Boston, Medico, Cordis, Pacetronix

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rahul kumar
Pacemaker Market Size Estimated To Grow at a CAGR of 6.5% By 2023 | Pacemaker Market Statistics 2019 and Key Players: Biotronic, Boston, Medico, Cordis, Pacetronix

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.

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