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.
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
- 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
- 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.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of pacemaker manufacturers across United States. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the manufacturers
who could not be identified due to the limitations of secondary research.
TechSci Research analyzed the presence of all major players across the country.
TechSci Research 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. TechSci Research
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 by
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
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
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
- Atrial Fibrillation
- 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:
Company Profiles: Detailed analysis of the major
companies present in United States pacemaker market.
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
- Detailed analysis and
profiling of additional market players (up to five).
Profit Margin Analysis
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confirm the date of release, please contact us at [email protected]
- Profit margin analysis
in case of direct and indirect sales channel.