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Global Cardiac Pacemakers Market 2017-2021

About Cardiac Pacemakers

A pacemaker is a small device that sends electrical impulses to the heart muscle to maintain a suitable heart rate and rhythm. Pacemaker generates an electrical impulse that passes through the leads (wires) to the heart muscles. This causes the heart muscles to contract, thus creating a heartbeat. A pacemaker may also be used to treat fainting spells (syncope), congestive heart failure, and, rarely, hypertrophic cardiomyopathy. These devices are used for regulating the heartbeat of individuals and are segmented into products such as implantable cardiac pacemakers and external cardiac pacemakers.

Technavio’s analysts forecast the global cardiac pacemakers market to grow at a CAGR of 12.90% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global cardiac pacemakers market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of cardiac pacemakers.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Cardiac Pacemakers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott
  • BIOTRONIK
  • Boston Scientific
  • Medtronic
Other prominent vendors
  • Cardiac Science (a subsidiary of Quinton Cardiology)
  • CCC Medical Devices
  • Cook Medical
  • GE Healthcare (a subsidiary of General Electric Company
  • MEDICO
  • SORIN GROUP (a subsidiary of LivaNova)
  • ZOLL Medical Corporation (a subsidiary of Asahi Kasei Corporation)
Market driver
  • Decline in the prices of pacemakers
  • For a full, detailed list, view our report
Market challenge
  • High competition from substitutes
  • For a full, detailed list, view our report
Market trend
  • Focus on new product launches 
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Cardiac Pacemakers Market 2017-2021

Technavio recognizes the following companies as the key players in the global cardiac pacemakers market: Abbott, BIOTRONIK, Boston Scientific, and Medtronic.

Other Prominent Vendors in the market are: ardiac Science, CCC Medical Devices, Cook Medical, GE Healthcare, MEDICO, SORIN GROUP, and ZOLL Medical Corporation.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is focus on new product launches. Development of new technologies in pacemakers by the leading manufacturers has positively impacted the output of the device. For instance, Medtronic developed leadless pacemaker, which was approved by the US FDA, is a revolutionary breakthrough in the pacemakers technology as leads were extensively used as a component of pacemaker over the several years.”

According to the report, one driver in the market is decline in the prices of pacemakers. Medical device industry has been a profitable market for the manufacturers over the years as the cost of healthcare services are increasing drastically by every passing year. For instance, the US healthcare cost is increasing at a very high speed. However, the prices of medical devices like pacemakers have been dropping. The global cardiac pacemakers market is experiencing intense competition among the key manufacturers and local/regional players. The market is dominated by prominent players like Medtronic, St. Jude Medical, and Boston Scientific; however, the market is open for local players to hold larger share in the global market through breakthrough innovations.

Further, the report states that one challenge in the market is high competition from substitutes. There is an intensive competition from substitutes like medications, cardiac catheter ablation, and ICD. The ICD device is used when the heart muscle is weakened, and fast heartbeat interrupts individual's health condition negatively. Cardiac catheter ablation is performed using radiofrequency (which uses heat energy) or cryoablation (which uses cold temperature). It is implemented depending on the type of abnormal heart rhythm. The medications like antiarrhythmic drugs are used to treat abnormal heartbeat caused due to the irregular electrical activity of the heart.

Companies Mentioned

Abbott, BIOTRONIK, Boston Scientific, Medtronic, ardiac Science, CCC Medical Devices, Cook Medical, GE Healthcare, MEDICO, SORIN GROUP, and ZOLL Medical Corporation.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global cardiac pacemakers market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
      • Table Segmentation of global cardiac pacemakers market by product 2016
  • Market segmentation by product
    • Implantable cardiac pacemakers
      • Table Global implantable cardiac pacemakers market 2016-2021 ($ billions)
    • External cardiac pacemakers
      • Table Global external cardiac pacemakers market 2016-2021 ($ billions)
  • Market segmentation by technology
    • Table Segmentation of global cardiac pacemakers market by technology 2016 (%)
    • Table Segmentation of global cardiac pacemakers market by technology 2021 (%)
    • Market overview
    • Single-chamber cardiac pacemakers
      • Table Global single-chamber cardiac pacemakers market 2016-2021 ($ billions)
    • Dual-chamber cardiac pacemakers
      • Table Global dual-chamber cardiac pacemakers market 2016-2021 ($ billions)
    • Bi-ventricular cardiac pacemakers
      • Table Global bi-ventricular cardiac pacemakers market 2016-2021 ($ billions)
  • Market segmentation by end-users
    • Hospitals
    • ASCs
    • Clinics
  • Geographical segmentation
    • Table Global cardiac pacemakers market by geography 2016 (%)
    • Table Global cardiac pacemakers market by geography 2021 (%)
    • Overview
    • Cardiac pacemakers market in Americas
      • Table Cardiac pacemaker market overview in US
      • Table Heart disease cases in US 2011-2014
      • Table Cardiac pacemakers market in Americas 2016-2021 ($ billions)
    • Cardiac pacemakers market in EMEA
      • Table Cardiac pacemakers market overview in Germany
      • Table Cardiac pacemaker market in EMEA 2016-2021 ($ billions)
    • Cardiac pacemakers market in APAC
      • Table Cardiac pacemakers market overview in Japan
      • Table Cardiac pacemaker market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Complications associated with implantable pacemakers
  • Market trends
    • Focus on new product launches
    • Supportive government and non-government initiatives
  • Vendor landscape
    • Vendor landscape
    • Other prominent vendors
  • Key vendor analysis
    • Abbott
      • Table Abbott: Key highlights
      • Table Abbott: Strength assessment
      • Table Abbott: Strategy assessment
      • Table Abbott: Opportunity assessment
    • BIOTRONIK
      • Table BIOTRONIK: Key highlights
      • Table BIOTRONIK: Strength assessment
      • Table BIOTRONIK: Strategy assessment
      • Table BIOTRONIK: Opportunity assessment
    • Boston Scientific
      • Table Boston Scientific: Key highlights
      • Table Boston Scientific: Strength assessment
      • Table Boston Scientific: Strategy assessment
      • Table Boston Scientific: Opportunity assessment
    • Medtronic
      • Table Medtronic: Key highlights
      • Table Medtronic: Strength assessment
      • Table Medtronic: Strategy assessment
      • Table Medtronic: Opportunity assessment
  • Appendix
    • List of abbreviations
  • Explore Technavio

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