Global Cardiac Pacemakers Market Will Reach US$ 5,131.9 Mn by 2026

Posted by Rushikesh Pise on December 3rd, 2019

The Global Cardiac Pacemakers Market is likely to grow in the coming years due to a increasing cases of sudden cardiac deaths. According to a report published by Fortune Business Insights, titled “Cardiac Pacemakers: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 4,064.9 Mn in 2018. Fortune Business Insights has predicted that the market will reach US$ 5,131.9 Mn by the end of 2026, thereby exhibiting a CAGR of 3.0%.

The cardiac pacemakers have gained popularity in recent times due to their application in monitoring patient heartbeat using electrical stimulation. Cardiac Pacemakers have the ability to operate over a short or longer period of time, depending upon the application. The ability of cardiac pacemakers to provide diagnostic information about the heart has led to a rise in uptake of the device, globally.

Broswe Complete Report:

https://www.fortunebusinessinsights.com/industry-reports/cardiac-pacemakers-market-100682

List of the leading companies include

  •          Medtronic
  •          Boston Scientific
  •          Biotronik
  •          LivaNova
  •          Abbott
  •          Microport CRM.

Technological Advancements Witnessed in the Market to Support Growth

The advancements in pacemakers have been noteworthy due to the ease of use and comfort that they have brought. The report includes various technological advancements with regard to pacemakers that have contributed positively to the overall market. The introduction of technologically sound pacemakers has created a surge in demand. This, in turn, has created an emphasis on research and development of newer products.

IN 2019, Medtronic announced that it plans to launch an application that would be integrated with its line of pacemakers. The use of application-integrated cardiac pacemakers will enable features such as ease of use, constant alerts, and early diagnosis. The company announced the MyCareLink Heart mobile app that would be integrated with the company’s BlueSync technology. The report stresses on product launches integrated with newer technologies and gauges the impact that these products have on the global cardiac pacemakers market.

 

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Rushikesh Pise

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Rushikesh Pise
Joined: November 4th, 2019
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