As a highly competitive, high-margin industry that produces largely nondiscretionary products, the Pacemaker Manufacturing industry has experienced downstream demand growth, as an aging population, the expansion of healthcare coverage and technological advances bolstered market growth. However, pacemaker manufacturers have experienced intense price pressures from group purchasing organizations (GPOs), which have leveraged their large scale to negotiate lower pacemaker prices for major purchasers like hospitals. As a result, industry revenue has declined over the five years to 2018. Moving forward, domestic demand for the industry will likely remain strong, but the industry will be weighed down by rising import competition from manufacturers located abroad, price pressures from purchasing markets and regulation passed under the healthcare reform law.
This industry manufactures medical devices that use electric pulses to regulate a person’s heartbeat.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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