Seattle, WA -- (SBWIRE) -- 11/25/2019 -- Cardiac pacemakers are medical devices that are used to deliver electrical pulses to the heart, in order to maintain a normal heart rate. Pacemakers are used for the treatment of patients who are suffering from heart conditions, such as heart failure and arrhythmias.

The cardiac pacemakers have gained popularity in recent times due to their application in monitoring patient heartbeat using electrical stimulation. Cardiac Pacemakers have the ability to operate over a short or longer period of time, depending upon the application. The ability of cardiac pacemakers to provide diagnostic information about the heart has led to a rise in uptake of the device, globally.

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Cardiac Pacemaker Market Dynamics

Increasing incidence of cardiovascular diseases worldwide is fueling growth of the cardiac pacemaker market. According to the Centre for Disease Control and Prevention (CDC) foundation, 2015, around 800,000 Americans die due to stroke and other cardiovascular diseases. Moreover, increasing number of geriatric population across the various regions worldwide along with high prevalence of heart disease is expected to propel demand for implantable cardiac pacemakers in the near future.

Market Segmentation:

Based on the type, the Cardiac Pacemaker Market can be segmented into external cardiac pacemaker, implantable, and others. the implantable pacemakers are expected to gain substantial market coverage.

Based on the technology, the cardiac pacemaker market can be segmented into single-chambered, biventricular, dual-chambered, and others.

Based on the application, the cardiac pacemaker market can be segmented into congestive heart failure, arrhythmias, and others. The arrhythmias segment covers tachycardia, bradycardia, and others for a better analysis.

By end-users, the cardiac pacemaker market can be segmented into medical institutes, cardiac care centers, hospitals, and others. the hospitals segment is getting traction due to patients showing high preference for this one. Hospitals are better-equipped to tackle various other aspects as well.

Regional Analysis:

On the basis of geography, the global cardiac pacemaker market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to hold dominant position in this market, owing to increasing prevalence of heart diseases and adoption of technologically advanced products.

Asia Pacific is projected to witness significant growth in market over the forecast period, owing to presence of large patient population, increasing healthcare expenditures in emerging economies such as India and China which, and growing healthcare sector. Emerging economies such as Asia Pacific and Latin America has huge potential for market growth and is likely to be the fastest growing region throughout the forecast period.

Key Players:

Medtronic Plc., BIOTRONIK, Inc., Boston Scientific Corporation, Abbott Laboratories, Vitatron Holding B.V., Shree Pacetronix Ltd., MEDICO S.p.A., Lepu Medical Technology Co Ltd., LivaNova PLC, and Qinming Medical, and Cordis Inc.

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