White Spaces to Emerge in Cardiac Pacemakers Market as Incidence of CVD Increases and Technology Advances: TMR

- Dual chambered technology and internal pacemakers will account for a sizeable share of the market over the forecast period

- Increase in number of people aged 60 and above will contribute positively to growth in global cardiac pacemakers market

- North America and Asia Pacific will be lucrative regional markets

ALBANY, N.Y., July 22, 2020 /PRNewswire/ -- The global cardiac pacemakers market is on a steady and upward growth curve. And, it is pertinent to note here that technological advancements in the field have added significantly to this growth. Additionally, increase in cases of cardiovascular diseases is also fuelling growth in the market.

Transparency Market Research opines, "From 2019 to 2027, Global Cardiac Pacemakers Market would chart a sturdy compound annual growth rate (CAGR) of 7.8%. This would pull up the market worth from USD 9.5 billion in 2018 to USD 18.6 billion by 2027.Novel opportunities would arise as a result of this growth unfurling over the period."

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Key Findings of Global Cardiac Pacemakers Market Study:

• The trend of dominance of internal pacemakers will continue into the forecast period, driving notable growth in the market
• Under the technology category, dual chambered cardiac pacemakers would emerge as a lucrative segment
• North America would top regional charts in global cardiac pacemakers market in terms of market share

Key Drivers of Growth in Global Cardiac Pacemakers Market:

• Poor lifestyle choices is a major contributing factor to increase in incidence of cardiovascular diseases
• Cases of obesity are increasing worldwide and it is a notable risk factor, driving up chances of acquiring heart-related diseases
• Sedentary work schedules, unbalanced diets, excessive consumption of alcohol and tobacco are propelling demand for cardiac pacemakers in the market
• Geriatric population is susceptible to heart diseases and the number of people forming this group is growing rapidly, paving way for higher growth
• Recent technological advancements in the field have miniaturized components and eliminated need for surgery, propelling market on a high growth trajectory

For a detailed analysis of global cardiac pacemaker market by technology, product types, and region, visit TOC at https://www.transparencymarketresearch.com/report-toc/46407

Regional Analysis of Global Cardiac Pacemakers Market:

• North America will account for a major share of global cardiac pacemakers market, followed by Europe, owing to high incidence of CVD
• Favorable reimbursement policy, rapidly ageing population, and high technological adoption will contribute to this growth
• Asia Pacific (APAC) region will grow at a notable CAGR over the forecast period owing to robust economic growth in economies in the region
• Improvement in healthcare infrastructure, increase in government efforts, and a large number of CVD patients in the region will contribute to growth in APAC

Analyze global cardiac pacemakers market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample/sample.php

Competitive Analysis of Global Cardiac Pacemakers Market:

The global cardiac pacemakers market is fragmented owing to players of both regional and international stature marking the vendor landscape. Transparency Market Research has comprehensively profiled key global cardiac pacemakers market players in its report. These include BIOTRONIK, Boston Scientific Corporation, Cook, MEDICO S.p.A., Medtronic, LivaNova PLC, and Abbott, among others.

It is pertinent to note here that most players in this market have a sharp focus on technology advancement and regulatory approvals. Launch of new products holds a prominent place in the market owing to being a key determinant of growth. Agreements and collaborations based on mutual synergies also play a positive role in consolidating market position, improving revenue share, and penetrating regional markets better.

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The global cardiac pacemakers market has been segmented as follows:

• Global Cardiac Pacemakers Market, by Technology
• Dual Chambered
• Single Chambered
• Biventricular
• Global Cardiac Pacemakers Market, by Product Types
• Internal
• External
• Global Cardiac Pacemakers Market, by Region
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:

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Cardiac Biomarker Diagnostic Kits Market: The global cardiac biomarker diagnostic kits market was valued at US$ 2,100 Mn in 2017. It is anticipated to reach US$ 3,300 Bn by 2026, expanding at a CAGR of 5.4% from 2018 to 2026. Launch of high sensitivity cardiac biomarker kits, focus on research and development and new product launches by market players, rising prevalence of cardiac diseases, and shift in focus of the population toward treatment of chronic and lifestyle diseases are fuelling the market.

Cardiac Output Monitoring Devices Market: Rise in geriatric population globally, increase in prevalence of cardiovascular disorder, and technological advancements in cardiac output monitoring devices are major factors anticipated to drive the global cardiac output monitoring devices market during the forecast period

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