Smartphone-Connected Pacemaker Devices Market Report, 2021 Global Share, Key Players, Segmentation Analysis, Business Growth and Forecast to 2027
Global Smartphone-Connected Pacemaker Devices Market is expected to grow significantly by 2027 expanding at a significant CAGR during the forecast period (2021-2027). The increasing incidences of heart failure and arrhythmia have stimulated the demand for technologically advanced and Smartphone-Connected cardiac devices known as pacemakers. They can track device data and patient health through wireless remote monitoring systems. It signifies that the market of smartphone-connected pacemaker devices will upsurge during the forecast period.
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Factors driving the smartphone-connected
pacemaker devices market include the escalating cases of cardiovascular
diseases paired with increased demand for connected medical devices among
patients. Demand for such devices has increased owing to growing consumer
awareness paired with increasing disposable income. Furthermore, industries
focus on the advancement of pacemaker with multi-functional abilities is also
anticipated to drive the market. The smart pacemaker uses a real-time
EGM waveform for monitoring and is set according to specific triggering
events. These events can be programmed to automatically record up to a specific
time and store EGMs when encountering one or more programmable trigger options.
As per DiCardiology in 2018, about 3
million people worldwide are living with a pacemaker, and each year about
600,000 pacemakers are implanted to treat bradycardia patients. The growing
incidences of cardiovascular diseases such as heart failure and stroke would
propel the growth of the smartphone connected pacemakers during the forecast
period.
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Based on product,
the smartphone-connected pacemaker devices market is
fragmented into implantable and external pacemakers. The
implantable pacemakers segment dominated the market in 2020. As, implantable pacemakers help
to control the heartbeat of the patient and they can be implanted temporarily
or permanently to treat a slow heartbeat after a heart attack, surgery, or
medication overdose. Based on type,
the market is bifurcated into MRI-compatible and conventional pacemakers. The MRI
compatible pacemakers segment accounted for the major revenue portion in 2020. As the patient having heart
conditions or have an implant surgery needs to go with Magnetic Resonance
Imaging (MRI) to detect some serious issues and complications.
Based on application, the smartphone-connected pacemaker devices market is bifurcated into Arrhythmia,
Congestive Heart Failure, and others. The Arrhythmia segment accounted for the major revenue portion in 2020. Pervelance of Arrhythmia has
increased owing to the ever increasing geriatric population. Based on End-user,
the market is bifurcated into hospitals & cardiac centers, ambulatory
surgical centers, and others. The
hospitals & cardiac centers segment is
anticipated to observe lucrative growth. As
they provide superior care to their patients and offer compensations during
surgeries.
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Additionally, the report provides
detailed analysis for major region including North
America (United States, Canada, and the Rest of North America), Europe
(Germany, France, Italy, Spain, United Kingdom and Rest of Europe),
Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World
has been conducted. North America constitutes a major market for the
Smartphone-connected pacemaker devices industry and generated
maximum revenue in 2020 owing to the presence of key companies and
healthcare infrastructure in the US. Some of the major players operating in the
market include Medtronic PLC,
Boston Scientific Corporation, BIOTRONIK, LivaNova PLC, Abbott Laboratories,
MEDICO SpA, Pacetronix, Osypka Medical, Inc., Lepu Medical Group, Cook Medical,
etc. Several
M&As along with partnerships have been undertaken by these players to
develop smartphone-connected pacemaker devices in the market.
Global Smartphone-Connected
Pacemaker Devices Market Segmentation
Market Insight, by Product
·
Implantable
Pacemakers
·
External Pacemakers
Market Insight, by Type
·
MRI Compatible Pacemakers
·
Conventional Pacemakers
Market Insight, by Application
·
Arrhythmia
·
Congestive Heart Failure
·
Others
Market Insight, by End-user
· Ambulatory Surgical Centers
· Others
Market Insight, by Region
·
North America
o
United States
o
Canada
o
Rest of North America
·
Europe
o
France
o
Germany
o
Italy
o
Spain
o
United Kingdom
o
Rest of Europe
·
Asia-Pacific
o
China
o
Japan
o
India
o
Australia
o
Rest of Asia-Pacific
·
Rest of World
Top Company Profiles
· Boston Scientific Corporation
· BIOTRONIK
· LivaNova PLC
· Abbott Laboratories
· MEDICO SpA
· Pacetronix
· Osypka Medical, Inc.
· Lepu Medical Group
· Cook Medical
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