Pacemakers are medical devices that are battery-operated. It is placed on the chest or abdomen and generates low-energy electrical pulses to regulate the abnormal heart rhythm. Pacemakers are used to treat arrhythmia, atrial fibrillation, and heart block. The device is also used for the aging population as aging of the heart may disrupt the standard heart rate. Pacemakers are used to treat cardiovascular diseases and can be fixed temporarily or permanently in the body. The programmable pacemakers are usually of two types that are single-chamber pacemakers, and dual-chamber pacemakers.
MARKET SCOPE
The "Global Programmable Pacemakers Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the programmable pacemakers market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading programmable pacemakers market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global programmable pacemakers market is segmented into single chamber pacemakers and dual chamber pacemakers.
- Based on application, the market is segmented into hospitals, clinics and others.
MARKET DYNAMICS
Drivers:
- Rise in prevalence of cardiovascular diseases.
- Favorable government policies.
- Growing R&D investments for pacemakers.
- Rapid technological advancement in pacemakers.
Restraints:
- Stringent regulation and approvals.
- Product Recalls.
- High cost of pacemakers.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The programmable pacemakers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the programmable pacemakers market in these regions.
IMPACT OF COVID-19 ON PROGRAMMABLE PACEMAKERS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic outbreak has resulted in a worldwide healthcare crisis. Physicians and patients that visited hospitals for various treatments were at increased risk of contracting COVID-19. Therefore, the government of various countries imposed lockdown and restrictive measures to prevent the transmission of infection. The non-essential procedures, such as elective surgeries, were canceled or postponed, and only emergency procedures were allowed to be carried out that impacted the growth of the pacemakers market. However, the market may experience growth due to the removal of restrictive measures and the continuation of the delayed surgeries in the forecast period.
MARKET PLAYERS
The report covers key developments in the programmable pacemakers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from programmable pacemakers market are anticipated to have lucrative growth opportunities in the future with the rising demand for programmable pacemakers in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the programmable pacemakers market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- St. Jude Medical (Abbott)
- Medtronic
- Boston Scientific
- Biotronik
- MicroPort
- Lepu Medical
- Pacetronix
- Vitatron
- OSCOR
- Medico S.p.A
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