Egypt Pacemaker Market to be Dominated by the Implantable Segment by 2028
Growing cases of cardiovascular conditions such as arrhythmias,
bradycardia, etc., are expected to drive the Egypt Pacemaker Market in the
forecast period, 2018-2028.
According to TechSci Research report, “Egypt Pacemaker Market –By
Region, Competition Forecast and Opportunities, 2018-2028F,” the
Egypt Pacemaker Market is anticipated to grow at a steady rate in the forecast
period, 2018-2028. This can be attributed to the increased prevalence of
cardiovascular diseases in the country, growing aged population susceptible to
risk of non-communicable diseases along with the technological advancement in
the pacemakers.
A pacemaker is
a small electronic device that sends electrical impulses to the heart whenever
it detects a sluggish or nonexistent heartbeat in order to help manage
heartbeat. The primary reasons for the rising incidence of cardiovascular
diseases are poor diet, inactivity, and a sedentary lifestyle, which has
increased demand for pacemakers in the nation.
In Egypt,
cardiovascular illnesses are the main cause of death, and risk factors like
smoking, high blood pressure, and diabetes are very common. To address these
diseases, there is an increasing demand for cardiac interventions, such as
pacemakers and is thus anticipated to propel the demand for Egypt Pacemaker
Market in the forecast period. The pacemaker industry is constantly evolving, with
new technologies and advancements being developed that enhance the safety,
efficacy, and functionality of pacemakers. These advancements are leading to
increased demand for pacemakers as patients and healthcare providers seek out
the latest and most advanced devices. The advancements in pacemaker such as
development of MRI compatible pacemakers, Bluetooth enrolled pacemakers, are
improving the efficiency as well as the compatibility of pacemakers with the
patient providing more ease and efficiency for monitoring the health conditions
of the patient. The availability of advanced leadless pacemakers provides
better monitoring and minimal invasion during the implantation and is thereby
contributing to the growth of pacemaker market.
Moreover, growing
awareness among the public and healthcare providers in Egypt regarding the pacemakers
and their benefits in managing cardiac conditions is leading to greater demand
for pacemakers and other cardiac devices.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on " Egypt Pacemaker Market”
Based
on application, the market is segmented into Arrythmias, Congestive Heart
Failure, and Others. The arrythmias segment dominated the market in 2022 and is expected
to hold the highest market share in the forecast period. This is on account of
increased adoption of lifestyle patterns such as alcohol consumption, smoking,
obesity, etc. leading to increased risk of cardiovascular disorders and thereby
boosting risk of heart condition such as arrhythmias. Moreover, the increased
arrythmias cases create a higher demand for pacemaker market in Egypt in the
forecast period.
Based on product
type, the market is segmented into conventional and MRI compatible. The MRI
compatible segment dominated in 2022 and is expected to hold the highest share
in the forecast period. This is due to the increase in demand for MRI
compatible pacemakers, as most patient using implantable pacemakers have to
undergo MRI frequently and thus can create issue’s when used in patient with
conventional pacemakers and therefore can further lead to complications. Hence,
the segment is acquiring highest growth due to increased MRI diagnosis in
patients suffering from cardiac conditions such as arrythmias.
Based on end user,
the market is further segmented into hospitals, cardiac care centers and ambulatory
surgical centers. The hospitals segment dominated in 2022 and is expected to
hold the highest share in the coming years. This is attributed to the factors,
such as more patient being admitted in hospitals
compared to the cardiac centers and other facilities, and the hospitals providing
the highest quality of treatment. Moreover, these facilities additionally
provide reimbursements for procedures, which is causing the market to flourish.
Besides the
high cost of pacemakers and the associated strict governmental regulatory
standards regarding manufacturing are the restraining factors that are expected
to hamper the growth of the Egypt Pacemaker Market over the forecast period. However, reducing
healthcare costs and improving patient experience are other factors driving the
market.
Major companies operating in the Egypt
Pacemaker Market are:
- OSYPKA MEDICAL
(Distributors)
- LivaNova
- Biotronik
- Abbott
- Medtronic
- Boston Scientific Corporation
- MicroPort Scientific Corporation
- MEDICO S.R.L.(Distributors)
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“The Egypt Pacemaker Market growth
can be attributed to the rising prevalence of cardiovascular diseases in the
country and rising risk of non-communicable diseases. Besides, investment in research
& development activities for the expansion of technologically advanced pacemakers
is further expected to support the market growth in the country” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Egypt Pacemaker Market By
Type (Implantable, External), By Technology (Single Chamber, Dual Chamber,
Biventricular Chamber), By Product Type (Conventional, MRI Compatible), By Application
(Arrythmias, Congestive Heart Failure, Others), By End User (Hospitals, Cardiac
Care Centers, Ambulatory Surgical Centers), By Region, Competition Forecast & Opportunities, 2018-2028F,”
has
evaluated the future growth potential of Egypt Pacemaker Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Egypt Pacemaker Market.
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