SEATTLE, July 19, 2021, (MEDGADGET) — Global Cardiac Pacing Leads Market – Insights
A cardiac pacing lead is a small catheter with two electrodes that is inserted into the heart. It is inserted into the heart’s right ventricle through a vein in the groyne or collar. Leads provide an electrical shock to the heart, causing cardiac cells to depolarize. Leads are made up of two parts: conductive leads and electrode wire. According to the World Health Organization (WHO), 17.5 million people died worldwide in 2016 as a result of cardiovascular diseases. Cardiovascular disorders are caused by cardiac arrests, ventricle function loss, and a slow depolarization rate of the ventricle.
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Drivers and Restraints:
The primary factor driving the global cardiac pacing lead market is the rising prevalence of cardiovascular diseases. According to the American Heart Association, almost half of all adults in the United States, or 121.5 million, had cardiovascular disease in 2016. The factors include people’s changing lifestyles, increased fat and sugar intake, unhealthy job habits, and a tradition of sitting at a desk are the factors driving the market globally.
Furthermore, the global demand is being driven by the growing geriatric population and their increased risk of cardiac-related diseases. Regulatory approvals for products used in the programming of pacing systems continue to propel the industry forward. For example, Medtronic plc obtained FDA approval for its careLink SmartSynk product manager on May 2, 2019, which is used to program cardiac pacing systems.
To meet the needs of doctors and patients, the company is designing and introducing new devices. Furthermore, Biotronik launched its Plexa ProMRIs DX lead with DF4/IS-1 connector in Europe on April 29, 2019. Additionally, Biotronik in the United States provides DF4-based DX systems for tachycardia treatment, including the new Acticor ID and CRT- D units.
The global market is constrained by a shortage of qualified clinicians and a lack of public knowledge about cardiac disease.
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Because of the introduction of emerging technology, North America is dominating in the global cardiac pacing leads industry. The number of people aged 60 and up is projected to more than double by 2050 and more than triple by 2100, according to the United Nations, rising from 962 million in 2017 to 2.1 billion in 2050.
Because of the lifestyle-related disorders, technological advances, and increased investment in healthcare infrastructure, North America is projected to grow significantly in the global cardiac pacing leads market over the forecast period. The major players in the cardiac pacing leads market are concentrating their efforts on developing efficient cardiac lead devices and launching them in emerging markets to meet the growing demand for various types of cardiac pacing leads. On April 9, 2019, for example, Oscor, Inc. announced a strategic partnership with Micro Interventional Devices Inc. to improve their expertise in developing and commercializing new heart disease devices.
Furthermore, due to the high prevalence of cardiac disease, Europe is the second-fastest-growing market for cardiac pacing leads in the world.
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Table of Content
GlobalCardiac Pacing Leads Market Research Report
Section 1: GlobalCardiac Pacing Leads Industry Overview
Section 2: Global Economic Impact onCardiac Pacing Leads Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Cardiac Pacing Leads Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: GlobalCardiac Pacing Leads Market Forecast
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