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United States pacemaker market is expected to witness healthy CAGR during the forecast period. Rise in cases of COVID-19, which have led to spike in spread of cardiovascular diseases among patients suffering from coronavirus, which is acting as a major growth driver for pacemaker market in the country. Along with this, favorable reimbursement procedures like medicare system and increasing demand for minimally invasive procedures are some key factors propelling the growth of United States pacemaker market. Increasing geriatric population which is more vulnerable to cardiovascular diseases is also fueling demand for pacemakers in the country.Speak directly to the analyst to clarify any post sales queries you may have.
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Moreover, advent of battery-free pacemakers and increasing FDA approval for novel pacemakers are expected to drive the market growth through 2026. Also, launch of new products such as leadless pacemakers and MRI safe pacemakers are augmenting the United States pacemaker market. Furthermore, high per capita disposable income and increasing expenditure on healthcare is anticipated to boost the market growth in coming years.
United States pacemaker market is categorized based on type, product type, application, technology, end user and region. Based on technology, the market can be segmented into single chamber, dual chamber and CRT-P/biventricular pacemakers. Among them, CRT-P, also known as biventricular pacemakers, are expected to witness fastest growth during the forecast period. These pacemakers contain three leads, which are connected to the right atrium and both ventricles and are increasingly being used to treat people with arrhythmias caused by advanced heart failure.
Based on end user, United States pacemaker market can be segmented into hospitals & cardiac centers and ambulatory surgical centers. Among them, ambulatory surgical center segment is expected to witness significant growth in terms of revenue during the forecast period due to increasing need to curb the surgical and post-surgical spending and increasing prevalence of CVD in the country.
Major players operating in the United States pacemaker market inlcude Biotronik, Inc., Boston Scientific Corporation, Abbot Inc., Zoll Medical Corporation, Oscor Inc., Medtronic, Inc., Cordis, Inc., Livanova PLC, Medico Inc., Oscor Inc. and Osypka Medical Inc. Key market players are adopting growth strategies including new product launches, partnerships & collaborations and mergers & acquisitions, in order to increase their share in pacemaker market.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
Objective of the Study:
- To analyze and estimate the market size of United States pacemaker market from 2016 to 2019.
- To estimate and forecast the market size of United States pacemaker market from 2020 to 2026 and growth rate until 2026.
- to classify and forecast United States pacemaker market based on type, product type, application, technology, end user, company and regional distribution.
- To identify dominant region or segment in the United States pacemaker market.
- To identify drivers and challenges for United States pacemaker market.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., in United States pacemaker market.
- To conduct pricing analysis for United States pacemaker market.
- To identify and analyze the profile of leading players operating in United States pacemaker market.
- To identify key sustainable strategies adopted by market players in United States pacemaker market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of pacemaker manufacturers across United States. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers who could not be identified due to the limitations of secondary research. The publisher analyzed the presence of all major players across the country.
The publisher calculated the market size of United States pacemaker market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services and end users for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Pacemaker service manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to pacemaker
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as pacemaker manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, United States pacemaker market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
United States Pacemaker Market, By Type
- MRI Compatible Pacemakers
- Conventional Pacemakers
United States Pacemaker Market, By Product Type
- Implantable Pacemaker
- External Pacemaker
United States Pacemaker Market, By Application
- Heart Block
- Arrhythmia
- Atrial Fibrillation
- Bradycardia
- Tachycardia
- Long QT Syndrome
United States Pacemaker Market, By Technology
- Single Chamber
- Dual Chamber
- CRT-P/Biventricular Pacemaker
United States Pacemaker Market, By End User
- Hospitals & Cardiac Centers
- Ambulatory Surgical Centers
United States Pacemaker Market, By Region
- North-East
- Mid-West
- West
- South
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in United States pacemaker market.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.
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Table of Contents
1. Product Overview2. Research Methodology3. Impact of COVID-19 on United States Pacemaker Market4. Executive Summary5. Voice of Customer10. Market Trends & Development11. Policy & Regulatory Landscape12. Import Export Analysis13. United States Economic Profile15. Strategic Recommendations
6. United States Pacemaker Market Outlook
7. United States Implantable Pacemaker Market Outlook
8. United States External Pacemaker Market Outlook
9. Market Dynamics
14. Competitive Landscape
16. About the Publisher & Disclaimer
Companies Mentioned
- Biotronik, Inc.
- Boston Scientific Corporation
- Abbot Inc.
- Zoll Medical Corporation
- Oscor Inc.
- Medtronic, Inc.
- Cordis, Inc.
- Livanova PLC
- Medico Inc.
- Oscor Inc.
- Osypka Medical Inc.