Press Release
Press Release
North America holds a significant market share due to the presence of leading technology companies and renowned healthcare providers. Additionally, the prevalence of obesity among Americans is high; an estimated 42 per cent of adult Americans are obese, and about 30 per cent are overweight. In general, almost two-thirds of American individuals are either obese or overweight.
The rising rate of cardiovascular diseases due to unhealthy food habits and a lack of exercise drives the cardiac pacemaker market growth in North America. The rising rate of cardiovascular disease in the South Asian region, especially among Indians, also positively contributes to the market demand. Besides, the growing geriatric population, especially in regions such as North America and Europe, is propelling the market growth.
Increasing clinical trials and approvals to develop innovative cardiac pacemakers are positively influencing the market growth. In July 2023, Abbott (NYSE: ABT) announced that the US FDA approved the world’s first dual chamber leadless pacing system, the AVEIR™ dual chamber (DR) leadless pacemaker system.
In addition, increasing approvals and certifications of innovative cardiac pacemakers are expected to further aid the market expansion in the coming years. For instance, in January 2024, Medtronic plc received the CE (Conformité Européenne) Mark for its leadless and miniature pacemakers, Micra™ AV2 and Micra™ VR2. The pacemakers offer longer battery life, easy programming, reduced complications, and remote monitoring capabilities.
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The major players in the global cardiac pacemaker market are Zoll Medical Corporation, MicroPort Scientific Corporation, OSCOR Inc., Osypka Medical GmbH, Medtronic, Abbott, Boston Scientific Corporation, BIOTRONIK, LivaNova, Pacetronix, MEDICO, Osypka Medical, and Lepu Medical Co ltd. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Technology |
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Breakup by Applications |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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