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Global Cardiac Pacemaker Market: By Type: Implantable, External; By Technology: Biventricular, Single Chambered, Dual Chambered, Others; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Cardiac Pacemaker Market Outlook
The global cardiac pacemaker market is being aided by the growing pacemaker market, which reached a volume of about 1.27 million units in 2020. The pacemaker industry is further expected to grow at a CAGR of 2% in the forecast period of 2021-2026 to reach a volume of approximately 1.44 million units by 2026.
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Growing Demand in Ambulatory Surgical Centres to Augment the Cardiac Pacemaker Industry Growth
Based on end use, ambulatory surgical centres account for a significant share in the cardiac pacemaker industry. This can be attributed to its advanced consumer penetration and ease of care, especially in rural areas. In this case, ambulatory surgical centres have also proved to be a competent option. In addition, some of the high-impact market drivers for ambulatory surgical centres are projected to be the growing demand for reducing surgical and post-surgical spending and increasing prevalence of cardiovascular diseases.
The Asia-Pacific Region to Provide Enhanced Growth Opportunities to the Cardiac Pacemaker Industry
Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period owing to the increasing cases of cardiovascular disorders in the region. The growth is driven by the market expansion by major players and the presence of significant untapped opportunities. In addition, investment in the healthcare sector has gained momentum, especially in Japan, India, and China. These countries are increasingly focused on building comprehensive heart diagnostic and recovery healthcare facilities. These variables are anticipated to contribute to the market growth in the coming years.
Cardiac Pacemaker: Industry Definition and Segmentation
A pacemaker is a tiny instrument in your chest that is mounted under the skin to help stabilize your heartbeat. It is used if you have an erratic heartbeat (arrhythmia), especially a sluggish one, to make the heartbeat more consistent. It takes a surgical operation to insert a pacemaker in your chest. After a heart attack, surgery, or drug overdose, they may be inserted temporarily to treat a sluggish pulse. Or, they may be permanently inserted to correct a sluggish or erratic pulse or to help treat cardiac disease in certain individuals.
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By type, the market is divided into:
- Implantable
- External
Based on technology, the market is categorised into:
- Biventricular
- Single Chambered
- Dual Chambered
- Others
Based on application, the market is divided into:
- Arrhythmias
- Congestive Heart Failure
- Others
On the basis of end use, the market is segmented into:
- Hospitals and Clinics
- Ambulatory Surgery Centres
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Prevalence of Cardiovascular Diseases to Bolster the Growth of the Cardiac Pacemaker Industry
With the rise in people suffering from cardiovascular diseases, the cardiac pacemaker industry is at an all-time high. Citizens all over the world have adopted a sedentary lifestyle, which is leading to obesity, diabetes, and other lifestyle disorders. These lifestyle disorders turn into serious cardiovascular diseases such as high blood pressure, heart attack, and arrhythmia. The rise in poor lifestyle, combined with the technological advancements in the sector is likely to increase the demand for cardiac pacemaker. This is aiding the growth of the overall market. Further, the reimbursement policies offered by the government has impacted the industry in a positive way. However, lack of understanding of cardiovascular diseases among the population in developed countries and the high medical costs may hamper the market growth.
Over the forecast period, rise in demand for advanced diagnostic facilities and the rapid technological advancements are expected to favour the industry growth. The worldwide increase in the sedentary population is expected to be a major trend in the coming years.
Key Industry Players in the Global Cardiac Pacemaker Market
The report gives a detailed analysis of the following key players in the global cardiac pacemaker market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Medtronic plc
- Abbott Laboratories
- Boston Scientific Corporation
- LivaNova PLC
- Shree Pacetronix Ltd.
- Medico S.p.A.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2016-2020 |
| Forecast Period | 2021-2026 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Technology, Application, End Use, Region |
| Breakup by Type | Implantable, External |
| Breakup by Technology | Biventricular, Single Chambered, Dual Chambered, Others |
| Breakup by Application | Arrhythmias, Congestive Heart Failure, Others |
| Breakup by End Use | Hospitals and Clinics, Ambulatory Surgery Centres, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, LivaNova PLC, Shree Pacetronix Ltd., Medico S.p.A., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Cardiac Pacemaker Market Analysis
8.1 Key Industry Highlights
8.2 Global Cardiac Pacemaker Historical Market (2016-2020)
8.3 Global Cardiac Pacemaker Market Forecast (2021-2026)
8.4 Global Cardiac Pacemaker Market by Type
8.4.1 Implantable
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 External
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Cardiac Pacemaker Market by Technology
8.5.1 Biventricular
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Single Chambered
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Dual Chambered
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Others
8.6 Global Cardiac Pacemaker Market by Application
8.6.1 Arrhythmias
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Congestive Heart Failure
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Others
8.7 Global Cardiac Pacemaker Market by End Use
8.7.1 Hospitals and Clinics
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.2 Ambulatory Surgery Centres
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.7.3 Others
8.8 Global Cardiac Pacemaker Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Medtronic plc
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Abbott Laboratories
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Boston Scientific Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 LivaNova PLC
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Shree Pacetronix Ltd.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Medico S.p.A.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Cardiac Pacemaker Market: Key Industry Highlights, 2016 and 2026
2. Global Cardiac Pacemaker Historical Market: Breakup by Product (Million Units), 2016-2020
3. Global Cardiac Pacemaker Market Forecast: Breakup by Product (Million Units), 2021-2026
4. Global Cardiac Pacemaker Historical Market: Breakup by Technology (Million Units), 2016-2020
5. Global Cardiac Pacemaker Market Forecast: Breakup by Technology (Million Units), 2021-2026
6. Global Cardiac Pacemaker Historical Market: Breakup by Type (Million Units), 2016-2020
7. Global Cardiac Pacemaker Market Forecast: Breakup by Type (Million Units), 2021-2026
8. Global Cardiac Pacemaker Historical Market: Breakup by Application (Million Units), 2016-2020
9. Global Cardiac Pacemaker Market Forecast: Breakup by Application (Million Units), 2021-2026
10. Global Cardiac Pacemaker Historical Market: Breakup by End Use (Million Units), 2016-2020
11. Global Cardiac Pacemaker Market Forecast: Breakup by End Use (Million Units), 2021-2026
12. Global Cardiac Pacemaker Historical Market: Breakup by Region (Million Units), 2016-2020
13. Global Cardiac Pacemaker Market Forecast: Breakup by Region (Million Units), 2021-2026
14. North America Cardiac Pacemaker Historical Market: Breakup by Country (Million Units), 2016-2020
15. North America Cardiac Pacemaker Market Forecast: Breakup by Country (Million Units), 2021-2026
16. Europe Cardiac Pacemaker Historical Market: Breakup by Country (Million Units), 2016-2020
17. Europe Cardiac Pacemaker Market Forecast: Breakup by Country (Million Units), 2021-2026
18. Asia Pacific Cardiac Pacemaker Historical Market: Breakup by Country (Million Units), 2016-2020
19. Asia Pacific Cardiac Pacemaker Market Forecast: Breakup by Country (Million Units), 2021-2026
20. Latin America Cardiac Pacemaker Historical Market: Breakup by Country (Million Units), 2016-2020
21. Latin America Cardiac Pacemaker Market Forecast: Breakup by Country (Million Units), 2021-2026
22. Middle East and Africa Cardiac Pacemaker Historical Market: Breakup by Country (Million Units), 2016-2020
23. Middle East and Africa Cardiac Pacemaker Market Forecast: Breakup by Country (Million Units), 2021-2026
24. Global Cardiac Pacemaker Market Structure
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