Temporary Pacemakers Market 2021 : Size, Growth, Forecast 2021-2028
The Global Temporary Pacemakers Market size is expected to showcase substantial growth backed by the increasing prevalence of cardiovascular disorders and the surging adoption of advanced technologies to develop advanced temporary pacemakers worldwide. This information is published by Fortune Business Insights in its latest report, titled, “Temporary Pacemakers Market Size, Share & Industry Analysis, By Product Type (Single Chamber Pacemaker, Dual Chamber Pacemaker, Triple Chamber Pacemaker), By End-user (Hospitals, Specialty Clinics, Others) and regional forecast 2020-2027.”
The
widespread effect of the global pandemic, COVID-19, has been felt across
several economies that are facing unprecedented economic loss. Owing to the
lockdown announced by the government globally, several industries have been on
a standstill with suspended operational activities. However, a collective
effort from the government as well as the companies is anticipated to bring the
economy towards normalcy and aid in resumption of industrial operations.
Click here to get the short-term and long-term impact of COVID-19 on this
Market.
A temporary pacemaker aids in helping
the heartbeat return to normalcy after it has been out of rhythm. In this
temporary cardiac pacing system, wires are placed through the chest or neck
that is directly connected to the heart of the patient.
What does the Report Include?
The market report
includes qualitative and quantitative analysis of several factors such as the
key drivers and restraints that will impact growth. Additionally, the report
provides insights into the regional analysis that covers different regions,
which are contributing to the growth of the market. It includes the competitive
landscape that involves the leading companies and the adoption of strategies by
them to announce partnerships, introduce new products, and collaboration that
will further contribute to the growth of the market between 2020 and 2027.
Moreover, the research analyst has adopted several research methodologies such
as SWOT and PESTEL analysis to extract information about the current trends and
industry developments that will drive the market growth during the forecast
period.
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DRIVING
FACTORS
Increasing
Prevalence of Cardiovascular Disorders to Accelerate Growth
According to the data by the Center
for Disease Control and Prevention (CDC), about 8 million people suffer a heart
attack every year in the U.S. The increasing prevalence of cardiovascular
disorders is anticipated to drive the demand for advanced temporary pacemakers
across the globe. Furthermore, technological advancements in the temporary
pacemakers such as the adoption of the internet of things (IoT) and artificial
intelligence to provide better treatment options is expected to contribute to
the global temporary pacemakers market in the forthcoming years.
REGIONAL
INSIGHTS
Availability of
Advanced Healthcare Facilities in North America to Aid Growth
Among all the regions, North America
is expected to hold the highest position in the global temporary pacemakers market
in the forthcoming years. This is ascribable to factors such as the presence of
advanced healthcare infrastructure that is likely to boost the adoption of
innovative temporary pacemakers in the region between 2020 and 2027.
The market in Europe is expected to
gain momentum owing to the favorable reimbursement policies and the growing
awareness regarding temporary pacemakers in the region.
COMPETITIVE
LANDSCAPE
Product Launches
by Eminent Companies to Intensify Industry Competition
The global temporary pacemakers market
is fragmented by the presence of major companies focusing on maintaining their
presence and gaining a competitive edge over their rivals. They are doing so by
focusing on introducing advanced temporary pacemakers to cater to the growing
demand from the healthcare sector.
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Industry
Development:
April 2020 – AtaCor Medical,
Inc., a leading provider of temporary pacemakers, announced that it has
received a USD 25 million funding through the Series B financing to develop
advanced extracardiac temporary pacing systems to aid in providing efficient
therapies to the patients.
List
of the Companies Operating in the Global Market for Temporary Pacemakers:
·
Medtronic
·
Osypka Medical
·
Biotronik
·
St. Jude Medical
·
Shree Pacetronix
·
Oscor
·
Among others
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