Canada Pacemaker Market to be Dominated by External Pacemaker Through 2028
Canada
Pacemaker Market will be driven by the increasing prevalence of cardiovascular
diseases in the forecast period 2024-2028.
According to TechSci Research report, “Canada Pacemaker Market - By
Region, Competition Forecast and Opportunities, 2018-2028F”, the
Canada pacemaker market is anticipated to grow at an impressive rate in the
forecast period, 2024-2028. This can be ascribed to the rise in
geriatric populace and the rising occurrences of CVDs across the region.
Similarly, inflating cost of cardiovascular illnesses, ideal government
approaches, and the sendoff of mechanically progressed pacemakers, for example,
the MRI safe pacemakers and leadless pacemakers, will further drive the growth
of the market during the forecast period. Additionally, growing cases of
hypertension, smoking, and rising consumption of alcohol will escalate the
growth in coming years. Besides, advancement of innovation in the medical
services industry and decreasing medical services costs, along with further
developing patient experience, will further support the market growth.
However, pacemakers
are expensive medical devices, and their high cost can be a barrier for many
patients to access it. While government-funded healthcare systems cover the
cost of pacemakers for eligible patients, some patients may still face
out-of-pocket expenses or may not be eligible for coverage, leading to lower
demand and slower growth of the market. Similarly, while technological advances
have driven the growth of the pacemaker industry, they also create challenges
for manufacturers. Companies must continually invest in research and development
to stay competitive, which can be expensive and time-consuming. Failure to keep
up with the latest technological advances can lead to reduced market share and
slower growth. Also, there have been ethical and legal issues related to
pacemaker implantation, including informed consent, patient privacy, and
medical malpractices, which can further restrict the growth of Canada Pacemaker
Market.
Browse over XX market data
Figures spread through XX
Pages and an in-depth TOC on "Canada Pacemaker Market”
The Canada Pacemaker
market can be segmented by Device Type, Technology, Product Type, Application, End
User and by Region.
Based on Device Type, the Canada Pacemaker
market can be divided into Implantable v/s External. The External segment dominated the market in
2022 and is expected to continue maintaining its dominance throughout the
forecast period. This can be ascribed to easy configuration, enhanced user
interface, improved low battery indicator, and less risk of postsurgical
complications across the region.
Based on Application, the Canada Pacemaker
market can be segmented into Arrythmias, Congestive Heart Failure, and Others. The
arrhythmias segment dominated the market in 2022 and is expected to continue
maintaining its dominance throughout the forecast period. This can be ascribed
to lifestyle disorders, excessive alcohol consumption, smoking, and obesity.
Based on end user, the Canada Pacemaker market
can be segmented into Hospitals, Cardiac Care Centers, and Ambulatory
Surgical Centers. The Cardiac
Care Centers segment is expected to dominate during the forecast period on
account of the rising development of hospital and cardiac care centers, growing
development of reimbursement policies for the treatment cardiac diseases, along
with reducing healthcare costs and improving patient experience. Also, growing
healthcare expenditure and favorable initiatives by government bodies are
expected to create lucrative growth of Canada Pacemaker market during the
forecast period.
Major companies operating in Canada Pacemaker
market are:
- Medtronic of Canada Ltd
- Abbott Medical Canada Inc
- Biotronik Canada Inc
- LivaNova Canada
- Microport Scientific Corp
- Spectramedx Inc.
Medtronic Azure XT DR MRI
SureScan was launched in late 2020. This pacemaker features MRI compatibility,
allowing patients to undergo magnetic resonance imaging (MRI) procedures
without the need for further surgery to remove or replace the device. The Azure
XT DR MRI SureScan also offers improved pacing options and battery longevity
compared to previous models.
Download Free Sample Report
Customers can also request
for 10% free customization on this report.
“The Canada
is expected to dominate in the Canada Pacemaker market on account of increasing
aging population with cardiac disease along with presence of key players in the
region. Similarly, growing technological advancements such as MRI compatible
pacemakers, Bluetooth enabled pacemakers, and growing demand for improving
regulatory approvals are the major factors influencing the growth of Canada
Pacemaker market during the forecast period. Furthermore, increasing number of
heart-related surgeries are further contributing to demand for Pacemaker market.
Besides, while increasing development of advanced products and growing
technologies to compete with existing products is being on the rise, other
companies are acquiring and partnering with other companies trending in the
market in the region. It is further expected to create lucrative opportunities
for the market growth” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Canada
Pacemaker
Market By Type (Implantable v/s External), By
Technology (Dual Chamber, Single Chamber, Biventricular Chamber), By Product
Type (MRI Compatible v/s Conventional), By Application (Arrythmias, Congestive
Heart Failure, Others), By End User (Hospitals, Cardiac Care Centers,
Ambulatory Surgical Centers) and By Region and Competition”, has evaluated the future growth potential of Canada 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 Canada Pacemaker Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com