According
to a recently published report by Research Nester on “Cardiac
Pacemaker Market: Global Demand
Analysis & Opportunity
Outlook 2027” delivers detailed overview of the cardiac pacemaker’s
market in terms of market segmentation by product, by technology, by region and
by end user.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
The cardiac pacemakers market covers the segments on basis of product,
technology, region and end user. Primarily, pacemakers can be
classified product wise into two types as External and Implantable, secondly on
the basis of technology into three types as Single Chamber, Dual Chamber and
Biventricular, thirdly on the basis of region, they can be classified into five
(5) main regions being North America, Europe, Asia Pacific, Latin America and
Middle East and Africa and finally on the basis of end user segment that covers
hospitals, cardiac centre and clinics and ambulatory surgical centres. The
market is expected to record a CAGR hovering around 7% during the forecast
period i.e. 2019-2027.
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Some of
the factors that are the driving forces behind the sudden spurt of growth in
this market can be attributed to growing ageing population and increasing prevalence
of cardiovascular diseases owing to adoption of sedentary lifestyles and
unhealthy food habits.
The
cardiac pacemakers market has been categorized and split into five (5) regions
accordingly that comprises of North America, Europe, Asia Pacific, Latin
America and Middle East & Africa. North America has registered the largest
growth (in terms of value) as compared to the other nations and it holds at
least 60% of the total market share owing to robust healthcare infrastructure
and increasing number of cardiovascular diseases reported on a yearly basis.
Growing Ageing Population
The
sudden incline in the growth of ageing population over the past two decades had
led to rising number of deaths due to the occurrence of cardiovascular
diseases. Ageing has the potential to cause progressive decline in
physiological processes and increases risk of developing health related
complications and CVDs that include atherosclerosis, hypertension, myocardial
infarction, and stroke.
Adoption of Sedentary Lifestyles and
unhealthy food habits
With
changing lifestyles and adoption of unhealthy food habits, there has been a
sudden surge in the number of individuals affected by CVDs. This has opened a
window of opportunities for organizations from all over the world to invest in
R&D for the purpose of finding a cure for CVDs.
W.H.O.
has reported a whopping 17.9 million deaths that have occurred from CVDs during
the year 2016. World Health Organization has claimed that cardiovascular diseases
are the primary causes of death globally, as more people die from CVDs annually
than any other cause.
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This has
compelled governments from all over the world to take note of the ramifications
posed by occurrence of CVDs in individual lives and various organizations have
invested heavily to work on the cure that would be required to not only save
lives, but also help the individuals suffering from CVDs to lead an active
healthy life.
However, high
costs and lack of alternatives, side effects associated with the usage of drugs
or treatment as applicable, lack of skilled health care professionals may
impair the growth of cardiac pacemaker market over the forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the cardiac pacemaker market which includes company profiling
of Abbott Laboratories, Boston Scientific Corporation, Medtronic PLC, Biotronik
Inc., LivaNova PLC, Oscor Inc, Pacetronix, Medico S.p.A. (Italy), Osypka
Medical Inc, Lepu Medical etc. The profiling enfolds key information of the
companies which encompasses business overview, products and services, key
financials and recent news and developments. On the whole, the report depicts
detailed overview of the cardiac pacemaker market that will help industry consultants,
equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
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Report Sample@ https://www.researchnester.com/sample-request-1576
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Contact for more
Info:
Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. Phone: +1 646 586 9123
U.K.
Phone: +44 203 608 5919
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