Some of the major factors driving the global pacemakersmarket are aging population, increase in the incidences of heart diseases, and technological advancements. In addition, other factors such as government initiatives and enhancement in reimbursement policies are driving the global pacemakersmarket. However, factors such as high cost and lack of experienced professionals are restraining growth of the global pacemakersmarket. In addition, poor reimbursement scenario is restraining the global pacemakers market .
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North America dominates the global pacemakers market due to increasing prevalence of cardiac diseases and technological advancements in the region. In addition, high adoption ofthis technology has driven the pacemakers market in this region. Asia is expected to witness high growth rate in the next few years in the pacemakers market, followed by Europe. China and India are expected to be the fastest-growing pacemakers markets in the Asian region. Some of the key driving factors of thepacemakers market in emerging countries are a large pool of patients, rising government funding, and improvement in healthcare facilities.
Growing populationand economies in the developing countries such as India and China are expected to create substantial opportunities for the global pacemakers market. In addition, innovation of new comfortable products wouldcreate substantial opportunities for the global pacemakers market. Complications involved in the use of pacemakersincluding risk of bleeding and infection are challenges for the global pacemakers market. Some of the recent trends in the global pacemakers market include companies involved in research and development for more innovative products with better efficiency .
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Some of the major companies operating in the pacemakers market areMedtronic, Sorin Group, Biotronik GmbH & Co. KG, and Boston Scientific Corporation. Other companies with significant presence in the global market for pacemakers are Vitatron, St. Jude Medical, Inc., and Zoll Medical Corporation.
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