World Cardiac Pacemaker Devices Market to See Modest Growth to 2022, Says Meticulous Research in Its New Study Available at MarketPublishers.com30 Jan 2018 • by Natalie Aster
LONDON – The field of cardiovascular medicine is rapidly evolving due to remarkable advancements in technologies and engineering that offer new and exhilarating ways to take care of aged people. The cardiac pacing sector has also experienced a range of game-changing technological developments during the past few years driven by high-density batteries, low-power electronics, innovative software and improved catheter delivery systems.
Today, the adoption of cardiac pacemaker devices is on the rise worldwide, fueled by increasing incidence of chronic cardiovascular diseases and rising number of related death, along with robust technological progress.
Between 2018 and 2022, the world’s market for cardiac pacemaker devices is projected to exhibit modest growth at a 3.3% CAGR. By 2022, the market value is set to cross USD 4.62 billion.
Some of the important growth engines of the cardiac pacemaker devices market include increasing geriatric population, elevating burden of cardiovascular diseases, rising prevalence of obesity, expanding trend of sedentary lifestyle, technological breakthroughs and excessive consumption of alcohol and caffeinated products.
However, the cardiac pacemaker devices market also faces certain challenges, for example, increasing number of reported cases of cardiac pacemaker malfunctioning and related products recalls, as well as lack of skilled professionals, especially cardiologists.
The new research study “Cardiac Pacemaker Devices Market – Global Opportunity Analysis And Industry Forecast (2017-2022)” elaborated by Meticulous Market Research gives an extensive study of the cardiac pacemaker devices market. It includes an in-depth analysis of the market current scenario globally and in the main regions, touches upon historical development patterns, highlights the market dynamics and the key growth influencing factors, points out the emerging growth opportunities and challenges. Moreover, this publication comprises a profound overview of the market segments (basing on products, end-users, regions). This study talks about the prevailing market trends, examines the competitive environment, profiles the leading participants and gives a comprehensive assessment of their key strategic developments. In addition, the report includes a future outlook for the cardiac pacemaker devices market up to 2022.
Many more in-demand reports by this publisher are available in Meticulous Research online catalogue at MarketPublishers.com.