Smartphone-Connected Pacemaker Devices Market Report, Report 2021 Global Business Trends, Emerging Growth, Key Factors, Business Development and Opportunities till 2027
A
comprehensive overview of the Smartphone-Connected Pacemaker Devices market is
recently added by UnivDatos Market Insights to its humongous database. The smartphone-connected
pacemaker devices market report has been aggregated by collecting informative
data from various dynamics such as market drivers, restraints, and
opportunities. This innovative report makes use of several analyses to get a
closer outlook on the smartphone-connected pacemaker devices market. The smartphone-connected
pacemaker devices market report offers a detailed analysis of the latest
industry developments and trending factors in the market that are influencing
the market growth. Furthermore, this statistical market research repository examines
and estimates the smartphone-connected pacemaker devices market at the global
and regional levels.
The Global Smartphone-Connected
Pacemaker Devices Market
is expected to grow significantly by 2027.
Market Overview
The
patients and physicians are supporting this new and advanced technology of
connected-pacemakers very efficiently. These devices are empowering patients to
use a smart device app for remote monitoring resulted in a significantly higher
rate of scheduled transmission success as compared with traditional manual and
automatic bedside monitoring technologies. For instance, In January 2020,
Medtronic has won FDA approval for its ”Micra AV”, the world’s first leadless
and smallest pacemaker which is 93% smaller than conventional pacemakers and
63% fewer major complications than traditional pacemakers. Smartphone-Connected
Pacemaker Devices do not show any chest scar, bump, and fewer post-implant
activity restrictions. This is the reason most of the patients are now going
for smartphone-connected pacemaker devices.
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In
the digitally connected world, remote monitoring has become infinitely easier. Recently,
smartphones and tablets are used for everything from sending text messages and
listening to music, to monitoring vital signs and sending reminders. In
fact, according to Canada’s Healthcare News in 2021, there are over 100,000
healthcare apps that are being used by patients, caregivers, and clinicians
today. Also, according to the ComScore statistics, there are more
than 62% of Canadian phone owners who are 55 years and older owned a
smartphone. And in addition, over 1.5 million Canadians used mobile devices
exclusively to access the internet. As the technology develops it
becomes easier to implement by using an app on a mobile device from younger
generation users to patients of any age, from children to seniors.
COVID-19 Impact
The COVID-19 pandemic has impacted all industries in different ways,
including the cardiac rhythm management devices market. Most of the market
players in the cardiac rhythm management devices segments have experienced huge
losses due to the postponement of cardiovascular procedures. For
instance, Medtronic has experienced a 12% decrease in its cardiac rhythm
management devices segment in 2020, compared to 2019. The decline was majorly
experienced in ICDs, CRT-Ds, and pacemakers segments, among
others. Such factors negatively affected the growth of the market for
cardiac rhythm management devices during the COVID-19 pandemic. But the remote
monitoring technology has emerged as most demanded devices during the pandemic.
This reduces the risk of COVID-19 transmission and helps patients to preserve and
use personal protective equipments such as connected devices.
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Global Smartphone-Connected Pacemaker Devices Market report is
studied thoroughly with several aspects that would help stakeholders in making
their decisions more curated.
By Product, the market is primarily bifurcated into
· Implantable Pacemakers
· External Pacemakers
The Implantable pacemakers segment
generated the highest revenue in 2020. The market is expected to grow at a
significant rate during the forecast period. 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.
By Type, the market is primarily bifurcated into
· Conventional Pacemakers
The MRI Compatible pacemakers segment accounted for
the major revenue portion in 2020. The sector is anticipated to observe
lucrative growth in the upcoming years.
By Application, the market is primarily bifurcated into
· Arrhythmias
· Congestive Heart Failure
· Others
The Arrhythmias segment
accounted for the major revenue portion in 2020. The segment
is anticipated to observe considerable growth in the upcoming years. With
increasing elderly population penetration of Arrhythmia is expected to
increasing, providing ample growth opportunity for the market growth.
By End-user, the market is primarily bifurcated
into
·
Ambulatory Surgical Centers
·
Others
The Hospitals & Cardiac Center segment is
anticipated to observe lucrative growth in 2020. As they provide superior care to their patients and offer compensations
during surgeries.
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Artificial Intelligence in Drug
DiscoveryMarket Geographical Segmentation Includes:
·
North America (the United States,
Canada, and Rest of North America)
·
Europe (Germany, United Kingdom,
Italy, France, Spain, and Rest of Europe)
·
Asia-Pacific (China, Japan, India,
Australia, and
Rest of Asia-Pacific)
·
Rest of the World
Based
on the estimation, 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 world.
The
major players targeting the market includes
· Boston Scientific Corporation
· BIOTRONIK
· LivaNova PLC
· Abbott Laboratories
· MEDICO SpA
· Pacetronix
· Osypka Medical, Inc.
· Lepu Medical Group
· Cook Medical
Competitive Landscape
The degree of competition among prominent global companies has been
elaborated by analyzing several leading key players operating worldwide. The
specialist team of research analysts sheds light on various traits such as
global market competition, market share, most recent industry advancements,
innovative product launches, partnerships, mergers, or acquisitions by leading
companies in the smartphone-connected pacemaker devices market. The major
players have been analyzed by using research methodologies for getting insight
views on global competition.
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Key questions resolved through this
analytical market research report include:
•
What are the latest trends, new
patterns, and technological advancements in the smartphone-connected pacemaker
devices market?
•
Which factors are influencing
the smartphone-connected pacemaker devices market over the forecast period?
•
What are the global challenges,
threats, and risks in the smartphone-connected pacemaker devices market?
•
Which factors are propelling
and restraining the smartphone-connected pacemaker devices market?
•
What are the demanding global
regions of the smartphone-connected pacemaker devices market?
•
What will be the global market
size in the upcoming years?
•
What are the crucial market
acquisition strategies and policies applied by global companies?
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