February 27, 2024 08:33 ET | Source: Transparency Market Research Transparency Market Research
Wilmington, Delaware, United States, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global cardiac pacemakers market is projected to grow at a CAGR of 3.5% from 2023 to 2031. As per the report published by TMR, a valuation of US$ 5.9 billion is anticipated for the market in 2031. As of 2023, the demand for cardiac pacemakers is expected to close at US$ 4.5 billion. Intraoral X Ray Sensor
The growing incidence of cardiovascular conditions, such as arrhythmias, heart failure, and atrioventricular block, is a major driver for the cardiac pacemakers market. As the population ages and lifestyles change, the prevalence of these conditions continues to rise, leading to greater demand for pacemaker devices.
Growing emphasis on remote patient monitoring and telemedicine solutions in healthcare. Pacemaker devices equipped with remote monitoring capabilities allow healthcare providers to remotely track patients' cardiac health status, enabling early detection of issues and timely interventions, thus improving patient outcomes.
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The implantation of cardiac pacemakers stands out as a minimally invasive procedure, effectively mitigating the risks associated with excessive blood loss and post-operative complications. The expedited approval process for cutting-edge pacemaker technologies by regulatory bodies like the United States FDA serves as a significant catalyst, propelling the upward trajectory of the cardiac pacemaker market.
The integration of wireless connectivity and remote management capabilities in cardiac pacemakers allows both physicians and patients to conveniently access automatic test results and comprehensive diagnostics through flexible remote scheduling. This convenience is driving an increased demand for electrotherapy cardiac devices.
Key Takeaways from the Market Study
Cardiac Pacemakers Market: Key Trends and Opportunistic Frontiers
Cardiac Pacemakers Market – Regional Analysis
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In the global cardiac pacemakers market companies are prioritizing the development of pacing devices equipped with remote patient monitoring functionalities. Noteworthy players are directing considerable resources toward technological advancements aimed at introducing sleeker, smarter devices. Their strategic focus encompasses bolstering device longevity, refining functionality, and ensuring compactness, all aimed at solidifying their standing in the global market landscape.
Cardiac Pacemakers Market – Key Segments
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