Portland, OR -- (SBWIRE) -- 06/26/2017 -- The pacemaker is an artificial device implanted in the chest that generates low-energy electrical pulses to regulate the abnormal heart rhythm. Pacemakers are used in the medical conditions such as Arrhythmia, Atrial fibrillation, Heart block, and Long QT syndrome. The high prevalence of arrhythmia along with no precise therapy that regulate the cardiac rhythm have generated the need for pacemaker devices. Pacemakers are the preferred choice of treatment in cardiovascular diseases owing to the non-invasive nature of these devices. Some of the driving factors for pacemaker market are, technological advancements in pacemakers, rising incidences of cardiovascular disorders globally, and increasing R&D investments for pacemakers. However, the high cost of pacemakers is a key restraint in the global pacemaker market.
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A shift in the adoption of conventional pacemakers towards technologically advanced non-invasive ultrasound-based pacemakers, cardiac resynchronization therapy pacemakers (CRT-P), implantable cardioverter defibrillator (ICD) and the leadless pacemakers would open numerous opportunities for the pacemaker market. However, a major challenge in pacemaker market is presence of alternate treatments such as cardiac ablation-catheters and cardioverter defibrillators that are used in tachycardia management.
The global market for pacemakers is segmented on the basis of type of devices, and geography. The type of devices considered in this report include, implantable pacemaker devices and external pacemaker devices. By applications, the market is divided in to arrhythmia, atrial fibrillation, heart block and long QT syndrome. Geographically, the report is segmented into four regions namely North America, Europe, Asia Pacific, and LAMEA. One of the key strategies adopted by the leading industry players is product launch. Companies such as Medtronic have focussed their production on recent pacemaker technologies such as cardiac resynchronization therapy pacemakers. Companies profiled in this report include Sorin Group, Medtronic, Boston Scientific Corporation, Biotronik GmbH & Co. KG, St. Jude Medical Inc., Vitatron, and Zoll Medical Corporation.
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KEY MARKET SEGMENTS
The global pacemaker market is segmented on the basis of type of devices, application and geography.
Pacemaker Market - By Device type
- Implantable Pace-makers
- Dual Chamber Pacemakers
- Single Chamber Pacemakers
- External Pace-makers
Pacemaker Market - By Application
- Atrial fibrillation
- Heart block
- Long QT syndrome
Pacemaker Market - By Geography
- North America