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Pulished Date February, 2020
ID: 7525
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Global Pacemaker Devices Market Size, Share, Trends and Growth Analysis Report - Segmented By Product, Application and Region - Industry Forecast (2020 to 2025)

Pulished: February, 2020
ID: 7525
Pages: 175

Global Pacemaker Devices Market Size (2020 to 2025)

The Global Pacemaker Devices Market size is expected to register a healthy growth rate from 2020 to 2025.

A pacemaker is a small device that is fitted inside the body to control the heartbeats. It is used to maintain heartbeats and help our heartbeat more regularly if the person has slow heartbeats. Pacemakers are used in medical conditions such as Arrhythmia, Atrial fibrillation, Heart block, and Long QT syndrome. The development of technology in this field is the key to growth in the future.

MARKET DRIVERS:

The key factors responsible for driving the growth of the global pacemaker devices market are the increase in the geriatric population and the high prevalence of cardiovascular diseases among people due to an unhealthy lifestyle. The lack of therapy to maintain the heart's rhythm increases the pacemaker's usage and positively contributes to the growth of the market. Pacemaker devices are non-invasive devices and thus are very useful in nature. The high cost of cardiovascular surgeries makes it unaffordable for many to opt for it and thus increases the importance of pacemaker device for the regular functioning of the heart. The increase in research and development in pacemaker technology will propel the market growth during the forecast period. The pacemakers now made are MRI protected and thus, the side effects reducing is a significant boost for the market.

MARKET RESTRAINTS:

The major restraint for the global pacemaker devices market is the high cost of pacemaker devices, making them unaffordable to many people. The other main factor hindering the market's growth is the lack of healthcare facilities in various regions, making it less accessible. The lack of awareness among lower sections of society causes less demand and needs to be addressed. A significant challenge in the pacemaker devices market is alternative treatments such as cardiac ablation-catheters and cardioverter-defibrillators used in tachycardia management.

Impact of COVID-19 on the global pacemaker devices market:

COVID-19 has positively impacted the pacemaker devices market around the world. When it infects the person, and the coronavirus affects the heart's functioning severely and significantly in a history of cardiovascular diseases. The rising instances of positive corona diseases have increased the demand for pacemaker devices. The COVID-19 has led the entry of new companies to fulfill the increasing demand for these devices. It will lead to further advancement in pacemaker technology and improve market dynamics. Although the lockdown implemented hurt the supply chain, it is showing improvement as time progresses.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 to 2025

Base Year

2019

Forecast Period

2020 to 2025

Segments Covered

By Product, Application, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

 

This research report on the global pacemaker devices market has been segmented and sub-segmented based on its application and region.

 Pacemaker Devices Market - By Product:

  • Implantable
  • External Pacemakers

Based on the product, the implantable pacemaker segment had the largest market share in 2019, with a 60% market size, and is expected to grow at a healthy rate during the forecast period. The Implantable Pacemaker is further subdivided into the single chamber, double chamber, and bi-ventricular pacemakers. Implantable pacemakers are driven by increasing cardiovascular diseases and arrhythmias, along with further development in clinical trials.

External pacemakers had the second-largest revenue share in 2019 and are expected to grow at a reasonable rate during the forecast period. The main features of external pacemakers are an easy user interface and low battery indicators. These pacemakers are also useful in tracking the activity of the heart.

Pacemaker Devices Market - By Application:

  • Unipolar
  • Bipolar Pacemakers

Pacemaker Devices Market - By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Geographically, the Global Pacemaker Devices market was dominated by North America due to increasing cardiac diseases. The Asia Pacific is expected to grow at a fast pace, followed by Europe.

The North America region had the highest market share in 2019 and is expected to grow at 4.2% CAGR during the forecast period. The increasing aged population and the growing prevalence of unhealthy lifestyles have increased cardiovascular disease cases and improved the region’s growth.

The European market had the second-largest share in the global pacemaker devices market in 2019, with a promising growth rate predicted for the future. The increasing geriatric population, along with improving healthcare facilities, are the significant growth driving factors.

Asia Pacific region is expected to grow at the fastest pace during the forecast period. The increasing population in countries like India and China is the main contributing factor.

NOTABLE PLAYERS IN THE MARKET:

Key market participants leading the Global Pacemaker Devices Market profiled in this report are Medtronic, Sorin Group, Biotronik GmbH & Co. KG., Boston Scientific Corporation, Vitatron, St. Jude Medical, Inc., and Zoll Medical Corporation.

MAJOR HAPPENINGS IN THIS MARKET IN THE RECENT PAST:

  • On December 22, 2020, Medtronic received Canadian Health License for Micra AV pacemaker with atrioventricular synchrony. Micro AV is the new version of the original platform. 
  • On March 13, 2017, A Japanese MedTech company known as Zoll Medical gained FDA approval for the hospital wearable defibrillator (HWD). This device has expanded the product portfolio of the company.
  • On July 06, 2020, Abbott’s Bluetooth connected pacemaker won FDA approval. The Bluetooth device is connected with a personal smartphone and monitors the patients suffering from risky heart-arrhythmias. 
  • On December 10, 2020, Microport Cardio Rhythm Management (CRM) had announced as the company made its first inaugural in the Astral-4LVto estimate the safety and efficacy of Axone. The device is used in patients who need CRT pacemaker implantation (CRT-P) due to heart failure. 
  • On October 08, 2020, Azure pacemaker with Blue Sync technology, launched by Medtronic. This device is India’s first pacemaker. This pacemaker is in direct contact with the patient’s smartphones and tablets. 
  • On September 27, 2017, China FDA approved the Rega pacemakers, developed by the two companies LivaNova Plc and Microport Scientific. These devices feature advanced functions with the double sensor's help, which is responsive to exercise and to sleep apnea monitoring. 
  • On February 02, 2017, St. Jude Medical MRI-safe pacemaker was approved by the FDA after a long time. Abbott acquired St. Jude Medical.

1. Introduction                 

                1.1 Market Definition    

                1.2 Study Deliverables  

                1.3 Base Currency, Base Year and Forecast Periods

                1.4 General Study Assumptions

2. Research Methodology           

                2.1 Introduction               

                2.2 Research Phases      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design         

                2.4 Study Timeline          

3. Overview                       

                3.1 Executive Summary

                3.2 Key Inferences         

                3.3 Epidemology              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

                4.1 Market Drivers          

                4.2 Market Restraints    

                4.3 Key Challenges         

                4.4 Current Opportunities in the Market              

5. Market Segmentation              

                5.1 Product        

                                5.1.1 Introduction           

                                5.1.2 Implantable            

                                5.1.3 External    

                                5.1.4  Y-o-Y Growth Analysis, By Product

                                5.1.5  Market Attractiveness Analysis, By Product

                                5.1.6  Market Share Analysis, By Product

                5.2 Application 

                                5.2.1 Introduction           

                                5.2.2 Unipolar   

                                5.2.3 Bipolar      

                                5.2.4 Y-o-Y Growth Analysis, By application

                                5.2.5 Market Attractiveness Analysis, By application

                                5.2.6 Market Share Analysis, By application

                5.3 End User      

                                5.3.1 Introduction           

                                5.3.2 Hospitals  

                                5.3.3 Cadiology clinics    

                                5.3.4 ASCs          

                                5.3.4 Y-o-Y Growth Analysis, By End User

                                5.3.5 Market Attractiveness Analysis, By End User

                                5.3.6 Market Share Analysis, By End User

6. Geographical Analysis              

                6.1 Introduction               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Application

                                                6.1.3.4 By End User

                                6.1.4  Market Attractiveness Analysis

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By application

                                                6.1.4.4 By End User

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By application

                                                6.1.5.4 By End User

                6.2 North America          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                       

                7.1 PESTLE analysis         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis              

                                7.2.1 Bargaining Power of Suppliers

                                7.2.2 Bargaining Power of Consumers

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry

8. Market Leaders' Analysis        

                8.1 Medtronic   

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Sorin Group

                8.3 Biotronik GmbH & Co. KG     

                8.4 Boston Scientific Corporation             

                8.5 Vitatron       

                8.6 St. Jude Medical, Inc.             

                8.7 Zoll Medical Corporation       

9. Competitive Landscape           

                9.1 Market share analysis            

                9.2 Merger and Acquisition Analysis       

                9.3 Agreements, collaborations and Joint Ventures

                9.4 New Product Launches         

10. Market Outlook and Investment Opportunities         

Appendix                           

                a) List of Tables

                b) List of Figures       

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms And By Region Others with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Pacemaker Devices Market, By Region, From 2020 to 2025 (USD Million)
  2. Global Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  3. Global Implantable Market, By Region, From 2020 to 2025 (USD Million)
  4. Global External Market, By Region, From 2020 to 2025 (USD Million)
  5. Global Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  6. Global Unipolar Market, By Region, From 2020 to 2025 (USD Million)
  7. Global Bipolar Market, By Region, From 2020 to 2025 (USD Million)
  8. North America Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  9. North America Implantable Market, By Region, From 2020 to 2025 (USD Million)
  10. North America External Market, By Region, From 2020 to 2025 (USD Million)
  11. North America Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  12. North America Unipolar Market, By Region, From 2020 to 2025 (USD Million)
  13. North America Bipolar Market, By Region, From 2020 to 2025 (USD Million)
  14. United States Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  15. United States Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  16. Canada Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  17. Canada Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  18. Europe Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  19. Europe Implantable Market, By Region, From 2020 to 2025 (USD Million)
  20. Europe External Market, By Region, From 2020 to 2025 (USD Million)
  21. Europe Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  22. Europe Unipolar Market, By Region, From 2020 to 2025 (USD Million)
  23. Europe Bipolar Market, By Region, From 2020 to 2025 (USD Million)
  24. U.K. Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  25. U.K. Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  26. Germany Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  27. Germany Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  28. France Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  29. France Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  30. Italy Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  31. Italy Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  32. Spain Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  33. Spain Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  34. Asia Pacific Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  35. Asia Pacific Implantable Market, By Region, From 2020 to 2025 (USD Million)
  36. Asia Pacific External Market, By Region, From 2020 to 2025 (USD Million)
  37. Asia Pacific Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  38. Asia Pacific Unipolar Market, By Region, From 2020 to 2025 (USD Million)
  39. Asia Pacific Bipolar Market, By Region, From 2020 to 2025 (USD Million)
  40. Japan Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  41. Japan Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  42. China Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  43. China Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  44. India Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  45. India Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  46. Australia Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  47. Australia Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  48. South Korea Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  49. South Korea Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  50. Latin America Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  51. Latin America Implantable Market, By Region, From 2020 to 2025 (USD Million)
  52. Latin America External Market, By Region, From 2020 to 2025 (USD Million)
  53. Latin America Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  54. Latin America Unipolar Market, By Region, From 2020 to 2025 (USD Million)
  55. Latin America Bipolar Market, By Region, From 2020 to 2025 (USD Million)
  56. Brazil Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  57. Brazil Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  58. Argentina Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  59. Argentina Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  60. Mexico Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  61. Mexico Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  62. Rest of Latin America Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  63. Rest of Latin America Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  64. Middle East and Africa Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  65. Middle East and Africa Implantable Market, By Region, From 2020 to 2025 (USD Million)
  66. Middle East and Africa External Market, By Region, From 2020 to 2025 (USD Million)
  67. Middle East and Africa Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  68. Middle East and Africa Unipolar Market, By Region, From 2020 to 2025 (USD Million)
  69. Middle East and Africa Bipolar Market, By Region, From 2020 to 2025 (USD Million)
  70. Middle East Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  71. Middle East Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)
  72. Africa Pacemaker Devices Market, By Product, From 2020 to 2025 (USD Million)
  73. Africa Pacemaker Devices Market, By Application, From 2020 to 2025 (USD Million)

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