Pacemakers Pipeline, Technology and Market Forecasts to 2015

Pacemakers Pipeline, Technology and Market Forecasts to 2015 Summary GlobalData’s medical device report: “Pacemakers Pipeline Technology and Market Forecasts to 2015” report is an essential source of information and analysis on the global pacemakers market. The report identifies the key trends shaping and driving the dynamism in the global pacemakers market. The report also provides insight on the prevalent competitive landscape and the emerging players expected to bring significant shift in the market positioning of the existing market leaders. Most importantly, the report provides valuable insight on the pipeline products within the global pacemakers sector. Scope Annualized global pacemakers market revenues data from 2001 to 2008, forecast forward for 7 years to 2015. Updated company shares data for 2008. Analysis and review of the key events and milestones that will impact the future of the global pacemakers market. Each trend independently researched to provide qualitative analysis of what the implications on sectors are, and how are companies responding to these trends. Insightful review of key industry drivers, restraints and challenges which are likely to impact the global pacemakers market in the long run. The report also covers information on the leading market players, the competitive landscape, and the leading pipeline products and technologies. Comprehensive analysis of the most likely developments expected to bring a shift to the market positions of the leading manufacturers. The report is built using data and information sourced from proprietary databases, primary and secondary research and in house analysis by GlobalData’s team of industry experts. Reasons to buy Develop business strategies by understanding the trends shaping and driving the global pacemakers market. Identify key players best positioned to take advantage of the emerging market opportunities by developing insight on the prevalent and anticipated competitive landscape. Drive revenues by understanding key trends, innovative products and technologies, market segments and companies likely to impact the global pacemakers market in future. Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the performance of various competitors. Identify emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage. Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships. Support your go/non-go dilemma by identifying the markets that are least competitive and present significant opportunities for innovation and growth. Develop and design your in-licensing and out-licensing strategies through review of pipeline products and technologies and by identifying companies with the most robust pipeline.

Additional Information

Pacemakers Pipeline Technology and Market Forecasts to 2015

GlobalData, the industry analysis specialists, have published their latest research, “Pacemakers Pipeline Technology and Market Forecasts to 2015” that is an essential source of information and analysis on the global pacemakers market. The report identifies the key trends shaping and driving the dynamism in the global pacemakers market. The report also provides insights in to the prevalent competitive landscape and the emerging players expected to bring significant shift in the market positioning of the existing market leaders. Most importantly, the report provides valuable insight on the pipeline products within the global pacemakers sector.

Global Pacemakers Market Forecast To Reach $6.1 billion In 2015

GlobalData estimates that the global market for pacemakers was valued at $4.2 billion in 2008. The market is expected to reach $6.1 billion in 2015 with an annual growth rate of 5.4%. Increasing incidences of cardiovascular diseases owing to lifestyle changes and rising elderly population will drive the market.

Increasing Incidences of Cardiovascular Diseases Along With the Rising Elderly Population Driving Growth in the Pacemakers Market

High incidence of cardiovascular diseases is the major driver for pacemakers market. The high prevalence rates of disorders like bradycardia, sick sinus syndrome (SSS), Atrioventricular blocks (AV Block), sudden cardiac attack and atrial fibrillation will boost the growth of the pacemakers market. Each year 600,000 patients seek treatment for bradycardia alone. Bradycardia is mainly caused by SSS and AV block. In the US, three out of 10,000 people are affected by SSS. The prevalence of first degree AV block is 1.13 cases per 1000 patients. Also the incidence of SSS and AV block increases with advancing age, with 5% of men over 65 in the US being affected by AV block. Sudden cardiac death accounts for 300,000 deaths in the US each year. Atrial fibrillation affects 10 m people worldwide. This large and increasing patient population is the major driver for pacemakers market.

Advanced Pacemakers with Remote Patient Monitoring to Boost Pacemakers Market

The introduction of remote monitoring is driving the market for pacemakers as it reduces frequent patient visits for follow-ups and sends data to the clinic directly which a physician can review. Remote monitoring is expected to increase patient acceptance of pacemakers.

Digital pacemakers, wireless pacemakers, pacemakers with managed ventricular pacing and resynchronization therapy pacemakers are now equipped with wireless transmission capabilities which will allow patients and doctors to continuously monitor a patient’s progress post operatively. This remote sensing feature for pacemakers is expected to cater to a large percent of the aging population in the US, Europe and Japan.

Medtronic Dominates the Global Pacemakers Market

Medtronic is a dominant player in the pacemakers market accounting for more than 50% of the total pacemakers implanted around the world. The other key players in the pacemakers market are St. Jude Medical and Boston Scientific.

Medtronic reported sales of $2.0 billion in 2008 in the pacing systems category. The success of Medtronic in the pacemakers market is also attributed to the CareLink Remote Monitoring Service that it provides. The CareLink service provides remote monitoring for implanted pacemakers. Medtronic has around 300,000 individuals utilizing this service. Medtronic is expected to retain its leading position in the pacemakers market owing to strong brand value, worldwide distribution channel, strong focus on R&D and a strong pipeline.

About GlobalData

GlobalData is a global industry intelligence services company providing business information products and services. Our highly qualified team of Analysts, Researchers, and Solution Consultants use proprietary data sources and various tools and techniques to gather, analyze and represent the latest and the most reliable information essential for businesses to sustain a competitive edge.