Overview:
Cardiac pacemakers are devices used for supplying impulses to conductions system for generating contraction. Most of these medical devices required to be inserted in the patient’s chest. They are mostly used for patients aging above 60 years and older; however, they are also used in children and infants if required. Different types of conduction blocks indicate permanent cardiac pacing. Some of them cause Bradycardia resulting in ventricular dyssynchrony and contraction in normal heartbeat that are ineffective. Some of the pacemakers can work as per the need, and patients with these devices are told to avoid driving after a week of implantation.
The Brazil Cardiac Pacemakers market size is expected to reach USD 359.3 million by 2030, as per the new report by Coherent Market Insights, Inc., expanding at a CAGR of 4.4% from 2023 to 2030.
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Impact of COVID-19:
The epidemic of COVID-19 adversely impacted several industries. The virus outbreak spread across more than 200 countries around the world leading to implementation of stringent countrywide lockdown regulations in several countries. The pandemic affected the global economy as various industrial operations were disrupted during this period. During the pandemic, as the burden of COVID-19 patients was high on hospitals and medical facilities, several other non-emergency medical procedures were suspended to prevent infection in patients due to which demand for cardiac pacemakers declined during the pandemic. However, after the lockdown phase, the number of patients requiring pacemakers increased slightly which is positively impacting the market growth.
Market Drivers:
Major players in the market are focused on product approvals, which in turn is expected to propel growth of the Brazil pacemakers market over the forecast period. For instance, in March 2017, a Micra Transcatheter Pacing System (TPS), which is a small single chamber pacemaker that can be inserted into the right ventricle directly received medical coverage approval from the U.S. Centers for Medicare & Medicaid Services (CMS).
Major market players are focused on adopting various inorganic growth strategies such as collaborations, mergers, acquisition, and partnership to get a stronger market position, and this in turn is expected to boost growth of the Brazil cardiac pacemakers market over the forecast period. For instance, Livanova Plc. product portfolio offers services in 100 countries and it has established a robust presence in various regions as it acquired regional companies.
Key Takeaways:
The Brazil Cardiac Pacemakers Market is estimated to show a CAGR of 2.4% during the forecast period due to increasing product approval and launches. For instance, Medtronic plc entered into partnership with Sternum in April 2021 in order to protecting the pacemakers from hackers, with which the company now has protected 100, 000 of its devices from hackers with cybersecurity supplier based in Israel.
Implantable Cardiac Pacemaker segment among Product Type is likely to witness substantial growth in the Brazil pacemakers market over the forecast period. For instance, according to Sociedade Brasileira De Cardiologia (SBC), nearly 25-30% of cardiac stimulations are performed for Chagas disease in the country.
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Key Players:
Key players active in the Brazil cardiac pacemakers market are MEDICO S.p.A., BIOTRONIK SE & Co.KG, Osypka Medical GmbH, Medtronic plc., LivaNova plc., Boston Scientific Corporation, and Abbott Laboratories.
Reasons to buy this Brazil Cardiac Pacemakers Market Report
☑ It attempts an analysis of the competing scenario.
☑ The current and exceptional product revenue market.
☑ An in-depth data on the regional investigation and competitive landscape structure.
☑ It benefits in creating an awareness of the important key product segments.
☑ The marketing strategies, opportunities, and development factors are explained.
☑ Brazil Cardiac Pacemakers market size estimation and recent advancements in the industry are explained.
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Table of Content
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Technology
- Market Snippet, By End Users
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Regulatory Scenario
- Reimbursement Scenario
- PEST Analysis
- Porter’s Analysis
- Product Recall
- Epidemiology
- Pricing Analysis
- Market Dynamics
- Brazil Cardiac Pacemakers Market – Impact of Coronavirus (Covid-19) Pandemic
- Economic Impact
- Impact on Clinical Trials and Drug Development
- Government Initiatives
- Brazil Cardiac Pacemakers Market, By Product Type, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Implantable Cardiac Pacemaker
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- External Cardiac Pacemaker
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Introduction
- Brazil Cardiac Pacemakers Market, By Technology, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Single-chamber pacemaker
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Dual-chamber pacemaker
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Biventricular pacemaker
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Introduction
- Brazil Cardiac Pacemakers Market, By End Users, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Cardiac Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Ambulatory Surgery Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- BIOTRONIK SE & Co.KG
- Company highlights
- Product Portfolio
- Key Highlights
- Financial performance
- Strategies
- Medtronic Plc.
- Company highlights
- Product Portfolio
- Key Highlights
- Financial performance
- Strategies
- Boston Scientific Corporation
- Company highlights
- Product Portfolio
- Key Highlights
- Financial performance
- Strategies
- Abbott Laboratories
- Company highlights
- Product Portfolio
- Key Highlights
- Financial performance
- Strategies
- LivaNova plc.
- Company highlights
- Product Portfolio
- Key Highlights
- Financial performance
- Strategies
- Osypka medical GmbH.
- Company highlights
- Product Portfolio
- Key Highlights
- Financial performance
- Strategies
- MEDICO S.p.A
- Company highlights
- Product Portfolio
- Key Highlights
- Financial performance
- Strategies
- BIOTRONIK SE & Co.KG
- Section
- References
- Research Methodology
- About us and Sales Contact
About Coherent Market Insights
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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