Temporary Cardiac Pacing Wires Leads Market Growth

Posted by Pradnya on July 31st, 2019

The prevalence of arrhythmia and cardiovascular diseases is rising and expected to continue growing throughout the forecast period. According to the latest research by the company, the global temporary cardiac pacing wires & leads market is anticipated to account for over US$ 411.5 Mn in terms of value by 2026 end. The report on the temporary cardiac pacing wires & leads market indicates that the market is projected to have significant growth potential through 2022.

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The minimally-invasive procedure for transvenous pacing, by techniques type, is projected to account for the largest revenue share throughout the forecast period. The increasing adoption of the minimally-invasive technique for temporary pacing during emergencies such as acute myocardial infarction and heart block is expected to drive the market for temporary cardiac pacing wires & leads in the near future.

The favorable reimbursement scenario for the treatment of cardiovascular diseases, as the burden for cardiovascular diseases continues to increase in developing and under-developed economies, contributes to the growth of the temporary cardiac pacing wires & leads market. Significant growth in the number of cardiac surgeries is also spurring the market of temporary cardiac pacing wires & leads. According to the Centers for Disease Control and Prevention (CDC), in the United States, every year, about 735,000 Americans experience heart attacks. An estimated 2.7–6.1 Million people in the United States have atrial fibrillation, which is expected to further increase with the aging of the U.S. population, and more than 750,000 hospitalizations occur each year due to atrial fibrillation.