The North America pacemakers market is expected to reach US$ 5,144.2 Mn in 2027 from US$ 2,607.1 Mn in 2018. The market is estimated to grow with a CAGR of 8.0% from 2019-2027.
The growth of the North America pacemakers market is being driven by several key factors, including the rising incidence of cardiovascular diseases, a significant geriatric population vulnerable to chronic heart conditions, the presence of major market players, and continuous technological advancements—particularly from North American companies.
Cardiovascular diseases (CVDs) encompass a wide range of disorders affecting the heart and blood vessels. According to the World Health Organization (WHO), approximately 90% of CVDs are preventable. Despite this, CVD remains the leading cause of death both globally and in the United States. In 2017, the WHO highlighted that the increasing prevalence of cardiovascular diseases continues to be a primary cause of global mortality, accounting for around 30% of all deaths worldwide.
In the United States alone, the Centers for Disease Control and Prevention (CDC) report that coronary heart disease (CHD) is the most common type of heart disease, responsible for over 370,000 deaths each year. The American Heart Association further supports this by stating that, in 2016, CHD accounted for 43.2% of all CVD-related deaths in the U.S., followed by stroke (16.9%), high blood pressure (9.8%), heart failure (9.3%), arterial diseases (3.0%), and other cardiovascular conditions (17.7%). This widespread prevalence underscores the critical need for effective treatment solutions, thus propelling market growth.
In terms of product segmentation, the North America pacemakers market is divided into implantable and external pacemakers. In 2018, implantable pacemakers held the largest market share and are expected to grow at the fastest rate, with a projected compound annual growth rate (CAGR) of 8.3% from 2019 to 2027. This growth is largely driven by the widespread adoption of these devices in developed economies, where reimbursement policies ease the financial burden on patients. Additionally, implantable pacemakers are often the preferred choice due to their lower risk and numerous clinical advantages, contributing to their deep market penetration and increasing demand.
North America pacemakers market Segmentation
North America pacemakers market By Product Type
- Implantable Pacemakers
- External Pacemakers
North America pacemakers market By Technology
- Single Chambered
- Dual Chambered
- Bi-Ventricular
North America pacemakers market By End User
- Hospitals
- Ambulatory Surgical Centres
- Others
North America pacemakers market By Country
- U.S
- Canada
- Mexico
North America pacemakers market Companies Mentioned
- Medico S.p.A.
- Vitatron
- Abbott
- Medtronic
- OSCOR
- LivaNova Plc
- Abiomed
- Boston Scientific Corporation
- Biotronik
- Lepu Medical
North America pacemakers market Strategic Insights
Strategic insights for the North America Pacemakers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America pacemakers market Regional Insights
The geographic scope of the North America Pacemakers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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