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Global Cardiac Pacemakers Market 2017-2021

  • Published: Aug 2017
  • Pages: 83
  • SKU: IRTNTR14571
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This industry research report identifies Abbott, BIOTRONIK, Boston Scientific, and Medtronic as the key vendors in the global cardiac pacemakers market. This industry research report also presents a competitive analysis of the market by product type (implantable and external cardiac pacemakers), by technology (single-chamber, dual-chamber, and bi-ventricular cardiac pacemakers), by end user (hospitals, ASCs, and clinics), and by geography (the Americas, APAC, and EMEA).

Overview of the global cardiac pacemakers market

Technavio's market study identifies the rising prevalence of cardiovascular disorders to be one of the primary growth factors for the cardiac pacemakers market. Cardiovascular disorder is one of the primary causes of death in developed and developing countries. Factors such as high blood pressure, lack of physical exercise, obesity, hereditary, and diabetes are primarily responsible for causing cardiovascular diseases in individuals. Pacemakers are used to regulate the heartbeat frequency that is reduced by cardiovascular disorder. The market analysts estimate that the market will grow steadily at a CAGR of almost 13% by 2021.

Cardiac pacemakers manufacturers are increasingly integrating new and innovative technologies to improve the efficiency and output of the pacemakers. For instance, Medtronic has developed new products such as leadless pacemaker and rate-responsive pacemaker with better features, effectivity, and functionality. Additionally, researchers are focused on developing a piezoelectric system that can convert the vibrational energy of heart into electricity and further, replace the requirement of battery in pacemaker's device after few years. Development of a magnetic resonance imaging (MRI) compatible wireless pacemakers that enable the physicians to monitor the patients wirelessly. The growing focus on new product launches is identified to be one of the key trends contributing towards the growth of the cardiac pacemakers market.

Competitive landscape and key vendors

The presence of several international and regional vendors in the cardiac pacemakers market results in intense competition among the vendors. It is noted that the key players are focused on upgrading and innovating their technology to launch new products. Launch of innovative products such as wireless and leadless pacemakers that are minimally invasive and miniaturized help the vendors in attaining competitive advantage among the competitors.

The leading vendors in the market are -

  • Abbott
  • BIOTRONIK
  • Boston Scientific
  • Medtronic

The other prominent vendors in the market are Cardiac Science, CCC Medical Devices, Cook Medical, GE Healthcare, MEDICO, SORIN GROUP, and ZOLL Medical Corporation.

Segmentation by product type and analysis of the cardiac pacemakers market

  • Implantable cardiac pacemakers
  • External cardiac pacemakers

Implantable cardiac pacemakers are witnessing high demand due to rising incidences of slow heart rhythm and cardiac failure. Also, technological advancements such as development of MRI compatible pacemakers has influenced the growth of this segment.

Segmentation by technology and analysis of the cardiac pacemakers market

  • Single-chamber cardiac pacemakers
  • Dual-chamber cardiac pacemakers
  • Bi-ventricular cardiac pacemakers

The single-chamber cardiac pacemakers consist of one lead or wire placed with a small generator within the lower chamber of the heart. These pacemakers are primarily used to treat bradycardias and chronic atrial fibrillation and these devices sends an electrical signal to the heart to make it pump at an adequate pace.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global cardiac pacemakers market?
  • What are the key market trends impacting the growth of the global cardiac pacemakers market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global cardiac pacemakers market?
  • What are the market opportunities and threats faced by the vendors in the global cardiac pacemakers market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global cardiac pacemakers market?

Technavio also offers customization on reports based on specific client requirement.

Pacemakers are small electrical devices used in the treatment of arrhythmias in patients suffering from irregular heartbeats. This industry research report on the global cardiac pacemakers market by Technavio is an integral part of the healthcare and life sciences portfolio and offers insights into the major trends and evolving drivers inducing the growth of the cardiovascular devices industry. Our reports also follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions.Global Cardiac Pacemakers Market Size

Our market research analysis includes qualitative and quantitative research techniques like vendor analysis, drivers, challenges, and trend analysis. Additionally, an analysis of the market share and market size using statistical models is also carried out to help clients develop active growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various cardiovascular devices products and services and offers an all-inclusive picture of the global cardiac pacemakers market for the estimated period of 2017-2021.

Global Cardiac Pacemakers Market Market segmentation by region

As per our market research experts, supportive government and non-government initiatives may influence the demand for cardiac pacemakers in the coming years. This upcoming market research report on the global cardiac pacemakers market also covers vendors like BIOTRONIK SE & Co. KG., Boston Scientific, Medtronic, St. Jude Medical (acquired by Abbott), and SORIN S.p.A. Moreover, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global cardiac pacemakers market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry report on the global cardiac pacemakers market also offers insights into fast-growing segments within the healthcare and life sciences industry, including sectors like in-vitro diagnostics and patient monitoring devices. Furthermore, this report also presents insights into the varying competitive landscape to give clients a realistic picture of the future direction of the industry.

Our market research methodology for the cardiac pacemakers market

Global Cardiac Pacemakers Market Segmentation

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by product

  • Implantable cardiac pacemakers
  • External cardiac pacemakers

PART 07: Market segmentation by technology

  • Market overview
  • Single-chamber cardiac pacemakers
  • Dual-chamber cardiac pacemakers
  • Bi-ventricular cardiac pacemakers

PART 08: Market segmentation by end-users

  • Hospitals
  • ASCs
  • Clinics

PART 09: Geographical segmentation

  • Overview
  • Cardiac pacemakers market in Americas
  • Cardiac pacemakers market in EMEA
  • Cardiac pacemakers market in APAC

PART 10: Decision framework

PART 11: Drivers and challenges

  • Market drivers
  • Market challenges

PART 12: Market trends

  • Focus on new product launches 
  • Supportive government and non-government initiatives

PART 13: Vendor landscape

  • Vendor landscape
  • Other prominent vendors

PART 14: Key vendor analysis

  • Abbott
  • BIOTRONIK
  • Boston Scientific
  • Medtronic

PART 15: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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