Implantable pacemaker is an electronic device which is planted in the chest and sends electrical impulses to the heart to modulate and regularize the heart’s rhythm and/or reproduce the rhythm. These pacemakers are used in serious medical conditions such as Atrial fibrillation, Arrhythmia, Long QT syndrome and Heart block. The frequent occurrence of arrhythmia with no accurate therapy that helps in regularizing the cardiac rhythm has brought forth the need for pacemaker devices. Because, of the non-invasiveness of pacemakers, they are globally preferred more as a choice of treatment in cardiovascular diseases. The pacemaker once implanted artificially inside the chest, gives out electronics simulation via an exclusive electrode which connects the pacemaker to the heart. The global implantable pacemaker market is anticipated to grow at quite a lucrative rate during the forecast period. The implantable pacemaker devices form a major segment in a speedily growing cardiovascular devices market.
Top Manufactures Analysis of Implantable Pacemaker: Biomet, Inc. (US), Showa Ika Kohgyo Co., Ltd (Japan), Boston Scientific Corporation (US), Cochlear Limited (Australia), Nobel Biocare AB (Sweden)
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The global implantable pacemaker market is experiencing swift growth because of the technological enhancements, and outgrowths of the players of this market, especially in the developed countries. The pacemakers are prone to failures and malfunctions in the electronic circuit and electrode, inefficient sensing, batteries, etc. Out of these a few malfunctions can be taken care of externally, while some, for instance, the need to replace the pacemaker altogether, routine and frequent battery exhaustion are a hassle and therefore this is a constant worry to the medical as well as the electronics industry. Nevertheless, the consequent increase in the number of cases with cardiovascular diseases and rising global geriatric population has assured a constant optimistic growth for the implantable pacemaker market. Escalated competition owing to the rise of small industry players in cardiac pacemaker manufacturing and development in terms of design and technology will further fuel this market’s growth on a global level. Furthermore, the government’s initiatives along with enhanced technological improvements are a few key components driving the global implantable pacemaker market. The implantable pacemakers are generally of two basic types, electromagnetically and radiofrequency coupled semi implants and fully implanted. The high cost of implantable pacemakers can hinder this market’s growth on a global level.
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North America leads the global implantable pacemakers market owing to the rising occurrence of cardiac diseases and advanced technologies in this region. Moreover, increased adoption rate of this improved technology has been the driving force which is propelling this market industry. Asia Pacific is anticipated to witness increased growth rate in the future followed by Europe region. India and China are predicted to be the most rapid growing market owing to the increased number of patients, elevated government funding and better healthcare facilities. A few of the major market players of this industry are Cochlear Limited (Australia), Dentsply International, Inc. (US), Boston Scientific Corporation (US), Biomet, Inc. (US), Stryker Corporation (US), Japan Medical Dynamic Marketing Inc. (Japan), Nobel Biocare AB (Sweden), Showa Ika Kohgyo Co., Ltd (Japan), LDR Holding Corporation (France), Terumo Corporation (Japan), TTK Healthcare, Ltd. (India), Medtronic, Inc. (US), GS Medical LLC (US).
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