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Cardiac Pacemaker Market 2020 Share, Trend, Segmentation And Forecast To 2023

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Depp Gaikwad

Cardiac Pacemaker Market Overview

The possibility of needing a pacemaker increases with age and cardiologists nowadays recommend the device for many patients. Modern pacemakers have improved a lot and can help fix irregular heartbeats by mimicking normal function. A pacemaker regulates heartbeat by monitoring the heart’s rhythm and generates an electric impulse when necessary. This painless impulse triggers a heartbeat. Patients in certain health conditions need pacemakers and one such condition is sinus syndrome.

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Pacemakers are often needed for certain conditions. One of the most common reasons for a pacemaker is to help with sick sinus syndrome. People with sick sinus node problems need proper heartbeat regulation. People suffering from sick sinus syndrome need extra attention as due to the health problem, their heart either beats too slowly or beats at a rapid rate.  When the heart beats slowly, it can cause fainting, dizziness, and other problems.

Lightheadedness and shortness of breath are other conditions that may require the patient to choose a pacemaker. Modern pacemaker devices are highly advanced and are capable of doing a lot more than controlling heartbeats. Advanced pacemakers can also correct the damage caused due to failure of heart or other heart diseases.  For people who have not even responded to other therapies, a pacemaker can be the right device. Experts believe that the global market for cardiac pacemakers will grow at a CAGR of 7.9% and will reach a new milestone by 2023.

Key players for global cardiac pacemaker market

The key players in the global cardiac pacemaker market are 

  • Medtronic (U.S.)
  • Abbott. (U.S.)
  • Boston Scientific Corporation (U.S.)
  • BIOTRONIK (Germany)
  • LEPU MEDICAL (U.K)
  • SORIN Group (Europe)
  • MEDICO S.p.A. (Europe)
  • OSCOR Inc. (U.S.)

Cardiac Pacemaker Market Segmentation

Global cardiac pacemaker market has been segmented on the basis of type, application, technology, and end users. Based on the type, the global market has been segmented into external cardiac pacemakers, implantable cardiac pacemakers, and others. On the basis of the technology, the cardiac pacemaker market is segmented into single-chambered, biventricular, dual-chambered, and others. And based on applications, the global market has been segmented into congestive heart failure, arrhythmias, and others. Analysts have further segmented the arrhythmias segment into bradycardia, tachycardia, and others. The global market for cardiac pacemakers has also been segmented on the basis of end users. The key sub-segments are cardiac care centers, hospitals, medical institutes, and others.

Cardiac Pacemaker Market Regional Overview

The global cardiac pacemaker market has been segmented into regions. The market report covers the Americas, Asia-Pacific, and the Middle East and Africa, and European regions. According to the market research report, markets in the American region will dominate the global market at different levels. The growth in regional markets is due to well-developed healthcare infrastructure and investments by major key players across the world. Additionally, the report predicts that the European market, due to the high patient population and investments in research and development of such products, will see significant growth in the coming years. Asia-Pacific is expected to emerge as one of the fastest growing regional markets in the world.

Cardiac Pacemaker Industry News

Scientists have developed an advanced pacemaker that can monitor the upper chambers of the heart while pacing the lower chambers. Researchers are using soundwaves which are then recognized by the device. Once the pacemaker recognizes the sound waves from the upper chamber closure, it can decide when to send a pacing signal.

 

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