SAN FRANCISCO, January 19, 2017 /PRNewswire/ --
The global pacemaker market is expected to reach USD 12.3 billion by 2025, according to a new report by Grand View Research, Inc. The heightening prevalence of cardiac conditions coupled with the availability of medical coverage is a key driving factor governing the growth of Pacemaker globally. In addition, technological enhancements in these devices are supporting the expansion of this vertical.
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Increasing prevalence of Cardiovascular Diseases (CVDs) is a high-impact growth rendering driver for this market. A death estimate of 17.5 million stemming from CVDs was reported by the World Health Organization in 2012. Currently, the high occurrence of CVDs is one of the key concern areas, to address which, government organizations and market participants are channelizing funds and efforts to offer the best possible cure. This is anticipated to foster R&D initiatives and increase the influx of advanced products in this space.
Additionally, increasing awareness about cardiovascular disorders and their long-term impact is increasing the preference of patients for advanced treatment options. This is expected to bolster the usage rate of these products.
On the other hand, these devices are cost prohibitive with the cost of pacemaker ranging from USD 10,000 to USD 30,000. The high price is likely to restrain the growth of the pacemaker market.
Browse full research report with TOC on "Pacemaker Market Analysis By Product (Implantable, External), By Region {(North America (U.S., Canada), Europe (UK, Germany), Asia Pacific (Japan, China), Latin America (Brazil, Mexico), MEA (South Africa, Saudi Arabia)}, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/pacemaker-market
Further key findings from the study suggest:
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Grand View Research has segmented the global pacemaker market on the basis of product and region:
Read Our Blog : Pacemaker Market Outlook - Analyst Perspective
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Grand View Research, Inc
Phone: 1-415-349-0058
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Email: sales@grandviewresearch.com
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