ALBANY, N.Y., July 22, 2020
- 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:
Key Drivers of Growth in Global Cardiac Pacemakers Market:
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:
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:
Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:
Cardiac Arrest Treatment Market: The cardiac arrest treatment market is anticipated to show considerable growth at a CAGR of 4.4% during the forecast period of 2019 to 2027 according to the report published by Transparency Market Research (TMR). The cardiac arrest market is projected to reach US$3900 Mn by 2027.
Cardiac Biomarker Diagnostic Kits Market: The global cardiac biomarker diagnostic kits market was valued at US$ 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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