Argentina Pacemaker Market to be Dominated by Single Chamber Segment Through 2028
The increasing concern about cardiovascular
diseases is expected to drive the growth of Argentina Pacemaker market in the
forecast period, 2024-2028.
According to TechSci Research report, “Argentina Pacemaker Market - By
Region, Competition, Forecast and Opportunities, 2018-2028F”, Argentina Pacemaker market is anticipated to grow at an impressive rate
in the forecast period, 2024-2028. This can be ascribed to the rising
demand for regular heart rate with medical benefits such as bradycardia, heart
block, sick sinus syndrome, heart failure, arrhythmias, and pediatric cardiac,
along with growing preference for normal heart rate among people. Additionally,
rapid advances in science and technology, increasing healthcare expenditure,
burgeoning aging population, and rising interest in attaining wellness through
staying fit, will all escalate the growth of Argentina Pacemaker market in the coming
years. Besides, emergence of new companies for innovative and advance pacemaker
development, will further be expected to support the Argentina Pacemaker market
growth.
However, the regulation of dietary
supplements in Argentina can be complex, and there are delays in regulatory
approvals that can hinder timely access to innovative pacemaker solutions. This
aspect can slow down the growth of Argentina pacemaker market in the forecast
period. Similarly, there is lack of information about cardiac conditions,
pacemaker, and available treatment options, that may hamper the Argentina pacemaker
market growth during the forecast period. Also, pacemakers can be expensive,
including the device itself, surgical implantation, and long-term follow-up
care. Affordability concerns may arise for patients who do not have adequate
health insurance coverage or face financial constraints, potentially limiting
access to pacemakers, and further restricting the growth of Argentina pacemaker
market.
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The Argentina
Pacemaker market can be segmented by Type, Technology, Product Type,
Application, End User, and Region.
Based on Application, the Argentina pacemaker
market can be segmented into Arrythmias,
Congestive Heart Failure, and Others. The Arrythmias segment dominated
the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. Arrhythmia-related
indications have historically been one of the primary applications for
pacemakers across the region. Arrhythmia is a condition in which your heart
beats too fast, too slow, or too irregularly. However, it should not be
confused with your heart rate increasing during exercise and decreasing during
rest or sleep, as it is normal.
Based
on Technology, the market can be segmented into Single Chamber, Dual Chamber,
and Biventricular Chamber. The Dual Chamber segment is expected to dominate
during the forecast period due to the increasing prevalence of arrhythmias such
as atrial fibrillation and heart failure, requiring dual-chamber pacemakers for
treatment. A dual-chamber pacemaker has two leads, located in the right atrial
and right ventricles. When a slow, natural heartbeat is detected, the
two leads work together to replicate the sequential contraction of the heart
atria and heart ventricles.
Major companies operating in Argentina
Pacemaker market are:
- Medtronic Argentina S.A.
- Boston Scientific Argentina S.A.
- St. Jude Medical Argentina S.A.
- Biotronik Argentina S.A.
- Sorin Group Argentina S.A.
- Microport CRM Argentina S.A.
- LivaNova Argentina S.A.
- Abbott Laboratories Argentina S.A.
- Johnson & Johnson Medical
Argentina S.A/Argentina
In 2017, Abbott, a global healthcare company,
acquired St. Jude Medical, a leading manufacturer of medical devices, including
pacemakers and implantable cardioverter-defibrillators (ICDs). This acquisition
expanded Abbott's presence in the cardiac rhythm management market.
In 2006, the acquisition of Guidant
Corporation by Boston Scientific (a medical device company), a manufacturer of
heart rhythm management devices such as pacemakers, interventional
cardiologists (ICDs), and other devices, significantly broadened Boston
Scientific’s portfolio of products in the pacemakers’ market.
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“Argentina
Pacemaker market is expected to be dominated during the forecast period, on
account of the rising demand to regulate heart rate with medical benefits,
along with growing preference for normal heart rate across the region.
Furthermore, trend of normal heart rate is growing, particularly among
individuals with cardiovascular-related medical conditions, where generic
treatment is time consuming and costly. Besides, increasing concern about
healthy lifestyles and increasing expenditure on health and wellness, is
further expected to create lucrative opportunities for the market growth” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Argentina Pacemaker Market by Type (Implantable, External), By Technology (Single Chamber, Dual
Chamber, Biventricular Chamber), By Product Type (Conventional, MRI
Compatible), By Application (Arrythmias, Congestive Heart Failure, Others), By
End User (Hospitals, Cardiac Care Centers, Ambulatory Surgical Centers) and By
Region and Competition”,
has evaluated the future growth potential of Argentina pacemaker market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Argentina Pacemaker market.
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