Argentina Pacemaker market is
anticipated to witness impressive growth during the forecast period. This can be ascribed to the growing demand to regulate heart
rate because it gives some health benefits such as bradycardia, heart block, sick
sinus syndrome, heart failure, arrhythmias, and pediatric cardiac, along with the
growing demand for normal heart rate as daily routine for health benefits. Also,
the increasing demand to regulate heart rate additives, along with growing
demand for normal heart rate and rhythm additives such as the cardiac
conduction system, is a unique electrical mechanism installed in the heart to
maintain the proper working of heart. Due to this, the heartbeat's rhythm and
rate are regulated by this device called pacemaker. An electrical signal moves
from the top of the heart to the bottom, with each beating. As the signal
travels through the heart, it causes the heart to pump blood, which is expected
to be a major growth driver for Argentina Pacemaker in the coming years.
A resting adult heart rate is usually between 60-100 beats per minute
(BPM), although this can vary between individuals. Your resting heart rate will
drop while you are asleep, and it will increase with exercise. Pacemakers are mostly used to treat
bradycardia, which is a slow heart rate. Bradycardia can result from
age-related degeneration of the heart's electrical system, heart diseases,
certain medications, or other underlying conditions. Pacemakers help regulate
the heart rate by emitting electrical impulses to stimulate the heart to beat
at a normal rate. According to survey, it is found the people suffering from
bradycardias are 15% males and 7% females.
Burgeoning Research and
Development Investment for Pacemaker
Increased R&D investment enables
the introduction of advanced pacemaker technologies in Argentina. Research
and Development expenditure was reported 0.45713% of GDP in Argentina,
according to World Bank collection of development indicators in 2019. This
includes innovations in device design, programming algorithms, and battery
longevity. Access to these advanced technologies enhances patient care and
attracts healthcare professionals, driving the Argentina pacemaker market.
R&D investment allows for the
customization of pacemakers to meet the specific needs of the Argentinean
population. This can include adaptations for prevalent cardiac conditions,
patient demographics (Rural population was 7.771% whereas 92.23% of
population living in Urban areas as per World Bank Collection, in 2021),
and lifestyle factors. Customized pacemakers that cater to the unique
requirements of Argentinean patients can lead to increased adoption and pacemaker
market growth in Argentina.
R&D investment often involves
collaborations between international medical device companies and local
research institutions or hospitals. Such collaborations can promote knowledge
sharing, clinical trials, and data collection in Argentina. This fosters a
deeper understanding of pacemaker efficacy, safety, and patient outcomes, thus
building trust among healthcare providers and driving Argentina pacemaker market.
Research and development
(R&D) programs often involve educational programs and promotional
activities to increase awareness of pacemakers, cardiac health, and the
advantages of cutting-edge technologies. These programs help patients,
healthcare workers, and the general public in Argentina to become more aware of
the advantages of using a pacemaker, thus increasing the demand for them,
resulting in the growth of the market.
Rising Incidence of
Cardiovascular Diseases Promises Market Growth
Cardiovascular diseases encompass
a range of conditions, including heart rhythm disorders and heart failure,
which may require pacemaker implantation. As the incidence of CVDs increases in
Argentina, more individuals are diagnosed with cardiac conditions that
necessitate pacemaker therapy. In Argentina, the most common cause of
mortality and disability is cardiovascular disease (CVD). CVDs account for
almost 30% of all deaths in the nation. This larger patient population
contributes to the growing Argentina pacemaker market. The prevalence of
cardiovascular diseases tends to rise with age. As the population in Argentina
ages, there is an increased likelihood of developing age-related cardiac
disorders that may require pacemaker intervention. Age raises the risk of
developing heart disease, especially in people over 65. Nearly 20% of people
who die of heart disease are under the age of 65, even though the average age
for a heart attack is 64.5 for men and 70.3 for women. Pacemakers are
commonly used to manage conditions such as bradycardia and heart block, which
are more prevalent among older adults. Advances in medical technology and
diagnostic procedures have led to earlier and more accurate detection of
cardiovascular diseases. As a result, more individuals are identified as
potential candidates for pacemaker implantation. Timely diagnosis and
intervention with pacemakers can help manage cardiac disorders and improve
patient outcomes, anticipating the growth of Argentina pacemaker market.
Lifestyle Factors Driving Market
Growth
Cardiovascular diseases are more
likely to occur in people who lead a sedentary lifestyle, meaning they don’t
engage in regular physical activity and exercise. People who live sedentary
lifestyles are more likely to develop heart rhythm problems or heart failure,
both of which can require pacemaker intervention.
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According to recent Federal
Research by the Centers for Disease Control and Prevention (CDC), 1 in 4 people
sit for more than 8 hours a day. The sedentary lifestyle in Argentina can
lead to the need for pacemakers for the treatment of heart diseases. High
consumption of processed foods, high consumption of saturated fats, and high
intake of sodium can cause obesity, hypertension, and other cardiovascular risk
factors.
Lifestyle factors can lead to
heart diseases that may require pacemakers. Smoking is one of the most common
causes of heart disease. Smoking damages the blood vessels, raises the blood
pressure and reduces the oxygen to the heart. Various heart diseases can be
caused by smoking. Smoking and tobacco are very common in Argentina. This can
lead to an increase in the need for pacemakers to manage related heart
conditions.
The percentage of men and
women aged 15 and older who currently smoke any tobacco product on a daily or
irregular basis smoking rate in Argentina for 2020 was 24.50%. High levels
of chronic stress, anxiety, and mental health conditions can impact
cardiovascular health. Chronic stress can elevate blood pressure and contribute
to the development of cardiac disorders. The demanding and stressful modern
lifestyle in Argentina can increase the prevalence of stress-related cardiac
conditions that may require pacemaker therapy, growing the Argentina pacemaker
market. The rise in obesity rates and the prevalence of diabetes in Argentina,
can contribute to an increased risk of cardiovascular diseases.
In Argentina, 31.7% of adult
women and 30.2% of men are suffering from obesity. Obesity prevalence is higher
than the regional average of 30.7% women and 22.8% for men. Also, 10.5% of
adult women and 10.6% of men are living with diabetes. Obesity and diabetes
are significant risk factors for conditions such as heart failure and heart
rhythm disorders, which may necessitate pacemaker intervention, anticipating
the growth of Argentina pacemaker market.
Recent Development
- In 2015, Medtronic, one of the
world’s leading medical device companies, has completed its transaction
with Covidien, one of the leading global healthcare products companies.
While the Covidien-Medtronic merger was not related to pacemakers in any
way, it did affect Medtronic’s product portfolio including pacemaker
technologies.
- In 2017, Abbott, a major global
health care provider, purchased St. Jude Medical, a major producer of
medical devices, such as pacemakers and ICDs. This acquisition broadens
Abbott's reach in the heart 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 pacemaker market.
Market Segmentation
The Argentina Pacemaker market can
be segmented by Type, Technology, Product Type, Application, End User, and Region.
Based on Type, the market can be segmented into Implantable,
External. Based on Technology, the market can be segmented into Single Chamber,
Dual Chamber, Biventricular Chamber. Based on Product Type, the market can be grouped
into Conventional, MRI Compatible. Based on Application, the market can be
grouped into Arrythmias, Congestive Heart Failure, Others. Based on End User,
the market can be grouped into Hospitals, Cardiac Care Centers, Ambulatory
Surgical Centers.
Market Players
Pf Medtronic S.A., Boston
Scientific S.A., St. Jude Medical S.A., Biotronik S.A., Sorin Group S.A.,
Microport CRM S.A., LivaNova S.A., Abbott Laboratories S.A., Cardiobrás S.A.,
Johnson & Johnson Medical S.A/Argentina. are some of the leading players
operating in the Argentina Pacemaker Market.
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Attribute
|
Details
|
|
Base
Year
|
2022
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|
Historic Data
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2018 – 2021
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|
Estimated
Year
|
2023
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Forecast Period
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2024 – 2028
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|
Quantitative
Units
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Revenue
in USD Million, and CAGR for 2018-2022 and 2023-2028
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|
Report Coverage
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Revenue forecast, company share, competitive landscape, growth factors,
and trends
|
|
Segments
Covered
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Type
Technology
Product
Type
Application
End
User
|
|
Regional scope
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Pampas, Litoral, Northwest, Sierras and Cuyo
|
|
Key
companies profiled
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Pf
Medtronic S.A., Boston Scientific S.A., St. Jude Medical S.A., Biotronik S.A.,
Sorin Group S.A., Microport CRM S.A., LivaNova S.A., Abbott Laboratories S.A.,
Cardiobrás S.A., Johnson & Johnson Medical S.A/Argentina.
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|
Customization scope
|
10% free report customization with purchase. Addition or alteration to
country, regional & segment scope.
|
|
Pricing
and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable version
of the report in PPT/Word format on special request)
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Report Scope:
In this report, the Argentina
Pacemaker market has been segmented into the following categories, in addition
to the industry trends which have also been detailed below:
- Argentina
Pacemaker Market, By Type:
o Implantable
o External
- Argentina
Pacemaker Market, By Technology:
o Single
Chamber
o Dual
Chamber
o Biventricular
Chamber
- Argentina
Pacemaker Market, By Product
Type:
o Conventional
o MRI
Compatible
- Argentina
Pacemaker Market, By
Application:
o
Arrythmias
o
Congestive Heart Failure
o
Others
- Argentina
Pacemaker Market, By End
User:
o
Hospitals
o
Cardiac Care Centers
o
Ambulatory Surgical Centers
- Argentina
Pacemaker Market, By Region:
o
Pampas
o
Litoral
o
Northwest
o
Sierras
o
Cuyo
Competitive Landscape
Company Profiles: Detailed
analysis of the major companies present in Argentina pacemaker market.
Available Customizations:
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
The following customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Argentina Pacemaker Market is
an upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]