Due to the increase in cardiovascular diseases, the cardiac pacemaker market is expected to grow at a rate of more than 3% according to the Business Research Company 2022 Global Cardiac Pacemaker Market Report

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According to The Business Research Company’s research into the cardiac pacemaker market, an increase in cardiovascular disease is significantly contributing to the growth of the cardiac pacemaker market. Cardiovascular disease (CVD) refers to disorders that affect the heart or blood vessels. These include arrhythmias, aortic disease, congenital heart disease, heart attack and others. Cardiac pacemakers are electrical activity generating devices used to treat patients suffering from cardiovascular disease. According to statistics from the World Health Organization and the United Nations health organization, in 2019, 17.9 million people died from CVD, accounting for 32% of all global deaths. Therefore, the increasing incidence of cardiovascular disease will drive the growth of the cardiac pacemaker market.

Global sample request heart pacemakers market report

The global market for cardiac pacemakers is expected to grow from $4.03 billion in 2021 to $4.26 billion in 2022 at a compound annual growth rate (CAGR) of 5.63%πŸ‡§πŸ‡· The Russia-Ukraine war has halted chances for a global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries led to economic sanctions in several countries, increase in commodity prices and supply chain disruptions, affecting many markets across the world. Market share for cardiac pacemakers is expected to grow to $4.91 billion in 2026 at a compound annual growth rate (CAGR) of 3.62%πŸ‡§πŸ‡·

New innovations are a major trend in the cardiac pacemaker market. Major players are making innovations such as lead-free cardiac pacemakers to better serve the cardiac pacemaker market. The leadless pacemaker is an independent generator and lead system and is 90% smaller than a transvenous pacemaker implanted immediately in the right ventricle. There is no need for a chest incision or subcutaneous generator pocket because the device is placed through a femoral vein. The transcatheter technique is a minimally invasive technique to repair an improperly opening narrowed aortic valve. For example, in January 2022, Medtronic Plc, an Irish medical device company, introduced its Micra AV Transcatheter Pacing System (TPS) lead-free pacemaker. Micra AV helps in treating patients with AV block when the electrical communication between the ventricle of the heart and the atria is compromised.

Major players in cardiac pacemaker market are Medtronic Plc, Lepu Medical Technology Co, Abbott Inc, Biotronik SE & Co KG, Boston Scientific Corporation, LivaNova PLC, Medico SRL, Osypka AG, Oscor Inc, MicroPort Scientific Corporation, Pacetronix, Zoll Medical Corporation, Cook Medical, Vitatron, St Jude Medical Inc and Cordis Corporation.

The global market for cardiac pacemakers is segmented by type into implantable, external; by technology in biventricular, single chamber, double chamber; for application in arrhythmias, heart block, atrial fibrillation, long QT syndrome, congestive heart failure, other applications; by the end user: clinics and hospitals, outpatient surgical centers, cardiac care centers.

North America it was the greater region in the cardiac pacemaker market in 2021. AsiaπŸ‡§πŸ‡·Pacific is expected to be the fastest growing region in the forecast period. Regions covered in Cardiac Pacemakers market overview are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Cardiac Pacemakers Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026, Cardiac Pacemakers market drivers and restraints, revenues, profiles and market shares leading Cardiac Pacemakers market in its competitive landscape section for 3,000+ industry reports covering 2,500+ market segments and 60 geographic regions.

The report also provides an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

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Due to the increase in cardiovascular diseases, the cardiac pacemaker market is expected to grow at a rate of more than 3% according to the Business Research Company 2022 Global Cardiac Pacemaker Market Report

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