Cardiac Pacemakers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2030

Description

The global cardiac Pacemakers market for the historical period 2017–2018 and forecast period 2019–2027, increase in incidence of cardiovascular diseases, and rise in geriatric population are projected to drive the global cardiac Pacemakers market during the forecast period

According to the report, the global cardiac Pacemakers market was valued at US$ 9,514.0 Mn in 2018 and is anticipated to expand at a CAGR of 7.8% from 2019 to 2027

Increasing demand for minimally-invasive procedures to Promote Usage of Cardiac Pacemakers: Key Drivers

Minimally invasive procedures include reduced stay in the hospital, limited incision, fewer pain following surgery and faster healing period. Such advantages draw doctors and thereby increase the number of doctors who opt for minimally invasive surgery. Both procedures ensure the patient experiences minimum pain and distress.

Globally, minimally-invasive cardiac procedures were around 15 million in 2017, and are estimated to reach 30 million by 2030. These statistics provide an understanding of the rising trend in the number of minimally-invasive surgeries performed globally.

Rapid changes in technology are expected to further accelerate the number of minimally-invasive surgeries. Thus, a rise in the number of minimally-invasive surgeries is likely to drive the overall cardiac pacemakers market. Hence, this driver would have a high impact on the growth of the cardiac pacemakers market throughout the forecast period.

Rise in Geriatric Population Boost Market Growth

Rise in the geriatric population directly affects the growth and development of cardiac pacemaker products. This is primarily due to aged people are highly susceptible to cardiovascular diseases such as sick sinus syndrome and atrio-ventricular blockage.

Growth in the global base of population over 65 years of age would act as a high impact driver of the market. According to the U.S. Census Board, people older than 65 years represented around 13% of the total population; this percentage is expected to grow at an estimated 20% by 2030. According to the World Health Organization, the global geriatric population is anticipated to reach 1.5 billion by 2050. Other countries aging at a rapid pace are the U.S., Japan, and Germany. The impact of this driver is expected to remain high during the forecast period as the global geriatric population is constantly rising.

Furthermore, the United Nations Population Division published in 2013 that the global geriatric population is expected to more than double, from 841 million in 2013 to 2 billion by 2050. It also revealed that people aged 80 years and above accounted for 14% of the global geriatric population in 2013 and the percentage is projected to reach 19% in 2050.

The average age of patients receiving pacemaker implantation is 72 in case of men and 76 in case of woman in Europe; 68 in case of men and 72 in case of women in US; 66 in case of men and 67 in case of women in Asia-Pacific; 59 in both men and women in Middle East & Africa, and 66 in case of men and 67 in case of women in Latin America.

Therefore, consistent increase in the geriatric population across the world has been identified as a major factor fueling the growth of the cardiac pacemaker market

Strict Regulatory Approval to Hamper Market

Pacemakers are regarded as class III high-risk medical devices by the U.S. FDA. Therefore, these devices undergo rigorous safety and efficacy tests prior to receiving approval. Burden of excise duty of 2.5% on all medical devices is one of the clauses that would restrain the growth of the market.

Moreover, these devices need to obtain a premarket approval, which is an expensive and lengthy process. The restraint would have a low impact due to the fact that safety and efficacy are the two most imperative objectives of a manufacturer.

Profit margins associated with successful commercialization of a product significantly outweigh the cost factor entailed by manufacturers during the clinical trial process.

Global Cardiac Pacemakers Market: Competitive Landscape

This report profiles major players in the global cardiac pacemakers market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

The global cardiac pacemakers market is highly fragmented, with the presence of a number of international as well as regional players

Leading players operating in the global cardiac pacemakers market are

  • BIOTRONIK
  • Boston Scientific Corporation
  • Cook
  • MEDICO S.p.A.
  • Medtronic
  • LivaNova PLC
  • Abbott, 

Global Cardiac Pacemakers Market: Key Developments

Key players in the global cardiac Pacemakers market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global cardiac Pacemakers market. A few expansion strategies adopted by players operating in the global cardiac Pacemakers market are:

In January 2020, Medtronic received the U.S. FDA approval for Micra™ AV, the world’s smallest pacemaker with atrioventricular (AV) synchrony.

January 15, 2019, Medtronic launched MyCareLink Heart(TM) mobile app to support the world's first and only portfolio of pacemakers that can communicate directly with patients' smartphones and tablets.

The report on the global cardiac pacemakers market discussed individual strategies, followed by company profiles of manufacturers of cardiac pacemakers. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global cardiac Pacemakers market.

Key Questions Answered in Global Cardiac Pacemakers Market Report

  • What is the scope of growth of product companies in the global cardiac pacemakers market?
  • What will be the Y-o-Y growth of the global cardiac pacemakers market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global cardiac pacemakers market?
  • Will North America continue to be the most profitable market for cardiac pacemakers providers?
  • Which factors are anticipated to hamper the growth of the global cardiac pacemakers market during the forecast period?
  • Which are the leading companies in the global cardiac pacemakers market?

Global Cardiac Pacemakers Market - Segmentation

Technology

  • Dual  Chambered
  • Single  Chambered
  • Biventricular

Product Type

  • Internal
  • External

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Cardiac Pacemakers Market

4. Market Overview

    4.1. Introduction

        4.1.1. Technology Definition

        4.1.2. Industry Evolution / Developments

    4.2. Overview

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunities

    4.4. Global Cardiac Pacemakers Market Analysis and Forecast, 2017–2027

        4.4.1. Market Revenue Projections (US$ Mn)

        4.4.2. Market Volume Projection (Number of Units)

5. Key Insights

    5.1. Regulatory Scenario, by Region/Globally

    5.2. Technological Advancements

    5.3. Mergers & Acquisitions 

6. Global Cardiac Pacemakers Market Analysis and Forecast, by Technology

    6.1. Introduction & Definition

        6.1.1. Key Findings / Developments

    6.2. Global Cardiac Pacemakers Market Value Forecast, by Technology, 2017–2027

        6.2.1. Dual  Chambered

        6.2.2. Single  Chambered

        6.2.3. Biventricular

    6.3. Global Cardiac Pacemakers Market Attractiveness, by Technology

7. Global Cardiac Pacemakers Market Analysis and Forecast, by Product Type

    7.1. Introduction & Definition

        7.1.1. Key Findings / Developments

    7.2. Global Cardiac Pacemakers Market Value Forecast, by Product Type, 2017–2027

        7.2.1. Internal

        7.2.2. External

    7.3. Global Cardiac Pacemakers Market Attractiveness, by Product Type

8. Global Cardiac Pacemakers Market Analysis and Forecast, by Region

    8.1. Key Findings

    8.2. Global Cardiac Pacemakers Market Value Forecast, by Region

        8.2.1. North America 

        8.2.2. Europe 

        8.2.3. Asia Pacific 

        8.2.4. Latin America 

        8.2.5. Middle East & Africa 

    8.3. North America Cardiac Pacemakers Market Attractiveness, by Region

9. North America Cardiac Pacemakers Market Analysis and Forecast

    9.1. Introduction

        9.1.1. Key Findings

    9.2. North America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

        9.2.1. Dual  Chambered

        9.2.2. Single  Chambered

        9.2.3. Biventricular

    9.3. North America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

        9.3.1. Internal

        9.3.2. External

    9.4. North America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country, 2017–2027

        9.4.1. U.S.

        9.4.2. Canada

    9.5. North America Cardiac Pacemakers Market Attractiveness Analysis 

        9.5.1. By Technology

        9.5.2. By Product Type

        9.5.3. By Country

10. Europe Cardiac Pacemakers Market Analysis and Forecast

    10.1. Introduction

        10.1.1. Key Findings

    10.2. Europe Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

        10.2.1. Dual  Chambered

        10.2.2. Single  Chambered

        10.2.3. Biventricular

    10.3. Europe Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

        10.3.1. Internal

        10.3.2. External

    10.4. Europe Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country/Sub-region, 2017–2027

        10.4.1. Germany

        10.4.2. U.K.

        10.4.3. France

        10.4.4. Spain

        10.4.5. Italy

        10.4.6. Rest of Europe 

    10.5. Europe Cardiac Pacemakers Market Attractiveness Analysis 

        10.5.1. By Technology

        10.5.2. By Product Type

        10.5.3. By Country/Sub-region

11. Asia Pacific Cardiac Pacemakers Market Analysis and Forecast

    11.1. Introduction

        11.1.1. Key Findings

    11.2. Asia Pacific Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

        11.2.1. Dual  Chambered

        11.2.2. Single  Chambered

        11.2.3. Biventricular

    11.3. Asia Pacific Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

        11.3.1. Internal

        11.3.2. External

    11.4. Asia Pacific Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country/Sub-region, 2017–2027

        11.4.1. China

        11.4.2. Japan

        11.4.3. India

        11.4.4. Australia & New Zealand

        11.4.5. Rest of Asia Pacific 

    11.5. Asia Pacific Cardiac Pacemakers Market Attractiveness Analysis 

        11.5.1. By Technology

        11.5.2. By Product Type

        11.5.3. By Country/Sub-region

12. Latin America Cardiac Pacemakers Market Analysis and Forecast

    12.1. Introduction

        12.1.1. Key Findings

    12.2. Latin America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

        12.2.1. Dual  Chambered

        12.2.2. Single  Chambered

        12.2.3. Biventricular

    12.3. Latin America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

        12.3.1. Internal

        12.3.2. External

    12.4. Latin America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country/Sub-region, 2017–2027

        12.4.1. Brazil

        12.4.2. Mexico

        12.4.3. Rest of Latin America Latin America 

    12.5. Latin America Cardiac Pacemakers Market Attractiveness Analysis 

        12.5.1. By Technology

        12.5.2. By Product Type

        12.5.3. By Country/Sub-region

13. Middle East & Africa Cardiac Pacemakers Market Analysis and Forecast

    13.1. Introduction

        13.1.1. Key Findings

    13.2. Middle East & Africa Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

        13.2.1. Dual  Chambered

        13.2.2. Single  Chambered

        13.2.3. Biventricular

    13.3. Middle East & Africa Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

        13.3.1. Internal

        13.3.2. External

    13.4. Middle East & Africa Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country/Sub-region, 2017–2027

        13.4.1. GCC Countries

        13.4.2. South Africa

        13.4.3. Rest of Middle East & Africa 

    13.5. Middle East & Africa Cardiac Pacemakers Market Attractiveness Analysis 

        13.5.1. By Technology

        13.5.2. By Product Type

        13.5.3. By Country/Sub-region

14. Competition Landscape

    14.1. Market Player - Competition Matrix (by Tier and Size of companies)

    14.2. Market Share / Position Analysis, by Company, 2018

    14.3. Competitive Business Strategies

    14.4. Company Profiles

        14.4.1. BIOTRONIK

            14.4.1.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.4.1.2. Growth Strategies

            14.4.1.3. SWOT Analysis

        14.4.2. Boston Scientific Corporation 

            14.4.2.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.4.2.2. Growth Strategies

            14.4.2.3. SWOT Analysis

        14.4.3. Cook 

            14.4.3.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.4.3.2. Growth Strategies

            14.4.3.3. SWOT Analysis

        14.4.4. MEDICO S.p.A. 

            14.4.4.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.4.4.2. Growth Strategies

            14.4.4.3. SWOT Analysis

        14.4.5. Medtronic

            14.4.5.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.4.5.2. Growth Strategies

            14.4.5.3. SWOT Analysis

        14.4.6. LivaNova PLC 

            14.4.6.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.4.6.2. Growth Strategies

            14.4.6.3. SWOT Analysis 

        14.4.7. Abbott 

            14.4.7.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.4.7.2. Growth Strategies

            14.4.7.3. SWOT Analysis

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