Persistence Market Research is released new forthcoming report on title "Pacemakers Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 12/09/2014 -- Cardiovascular devices industry is growing at a significant rate globally, due to increasing number of cases with heart diseases and other cardiovascular problems. In addition, technological advancement in this field and growing awareness has increased the growth of cardiovascular devices market. A pacemaker refers to a medical device that is placed in the chest or abdomen, to keep a check on abnormal heart rhythms. Pacemakers are used to treat arrhythmias, which is a condition in which heart may beat at a very fast rate or very slow rate. A pacemaker creates electric pulses to make heart beat at its normal pace. Pacemaker may be fixed temporarily or permanently in the body. A permanent pacemaker is encapsulated in a metal covering to protect it from electromagnetic interference. Temporary pacing may be transcutaneous, transvenous or epicardial in nature. Based on its applications, a pacemaker may be unipolar or bipolar in nature. Unipolar pacemakers involve a single contact with heart; whereas bipolar pacemakers involve contacting heart twice for regulating its normal rhythm. The global market for pacemakers is increasing at a significant rate due to increase in the incidence of cardiovascular problems and increasing awareness in the field. In addition, government initiatives and technological advancements in the field are acting as important factors in increasing the global market for pacemakers.
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North America dominates the global pacemakers market due to increasing prevalence of cardiac diseases and technological advancement in the region. In addition, high adoption rate for this technology has driven the pacemakers market in this region. Asia, followed by Europe, is expected to show high growth rate in the next few years in pacemakers market. China and India are expected to be the fastest growing pacemakers markets in Asian region. Some of the key driving forces for pacemakers market in emerging countries are large pool of patients, rising government funding and improvement in the healthcare facilities.
Some of the major factors that have been driving the global pacemakers market are aging population, increase in the prevalence of heart diseases and technological advancement. In addition, other factors such as government initiatives and improvement in reimbursement scenario are driving the global pacemakers market. However, factors such as high cost involved and lack of experienced professionals are restraining the global pacemakers market. In addition, poor reimbursement scenario is restraining the global pacemakers market.
Growing demographics and economies in the developing countries such as India and China are expected to offer good opportunities for the global pacemakers market. In addition, innovation of some new products with focus on patient's comfort is expected to offer good opportunity for the global pacemakers market. Complications involved with the use of pacemaker such as risk of bleeding, infection and others are a challenge for the global pacemakers market. Some of the recent trends that have been observed in the global pacemakers market include companies involved in research and development for more innovative products with better efficiency. Some of the major companies dealing in pacemakers market are Medtronic, Sorin Group, Biotronik GmbH & Co. KG and Boston Scientific Corporation. Some other companies having significant presence in the global market for pacemakers are Vitatron, St. Jude Medical Inc. and Zoll Medical Corporation.
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Key points covered in the report:
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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