India Pacemaker Market is expected to grow at an impressive CAGR during
the forecast period. The pacemaker market is driven by a growing geriatric
population suffering from cardiovascular diseases as well as a steady increase
in pacemakers with advanced technological features as most of them are used for
quick and accurate patient monitoring.
Pacemaker is a small electric device which is designed to aid in
controlling heartbeat by sending electric impulse to the heart whenever it
detects a slow or no heartbeat at all. Poor diet, lack of exercise, sedentary lifestyle
is among the leading causes responsible for the increasing cases of
cardiovascular diseases, thereby creating more demand for the pacemakers in the
country.
The rising cases of arrythmia every now and then among the population
is driving the pacemaker market in the country. Additionally, the pacemaker
market holds a large demand from the hospitals and healthcare facilities as
most cases of heart ailments and cardiac disease aree observed and treated in
the hospital facilities, to provide maximum assistance to their patients.
Rising cases of cardiovascular disease and ailment associated with it
In India, according to the report published by NCBI, CVDs such as
Ischemic heart disease and cerebrovascular such as stroke account for 17.7
million deaths and serve as the leading cause of deaths in the country. Within
India the rate of cardiovascular diseases varies markedly with the highest rate
in states such as Kerala, Punjab and Tamil Nadu.The conventional risk factors
such as hypertension, diabetes mellitus, smoking and obesity are believed to be
associated with the increased prevalence of cardiovascular diseases in India.
Growing geriatric population and rising incidences of cardiac ailments
among them The elderly population have abnormalities in
impulse generation and conduction as a common case which leads to arrhythmia creating
major demand for pacemakers in the country. Pacemaker use is higher in older people,
an approximation of 70-80% of all pacemakers implanted in individuals of 65
years or above age. According to a study, the hemodynamic changes of aging
include a reduction of ventricular compliance and increased contribution of
ventricular filling. Hence pacemakers that maintain a synchrony between atria
and ventricles may be advantageous for the geriatric population.
Technological advancement aids
pacemaker market growth
With technologically advanced and updated features, the Implantable pacemakers
are causing more traction towards the pacemaker market as they are equipped
with many new features for better assistance. Features such as tracking device
equipped with Bluetooth, MRI Safe, longer battery life, and technology to
reduce pacing requirements to reduce battery.
The most recent technological advancements, new trends, and
digitalization are paving the way for remote monitoring systems in cardiac care
for those with complex heart diseases.
With diseases like arrhythmias and heart failure, remote monitoring is
a reliable and efficient monitoring technique for patients' hearts. It is
feasible for the patient to send information to the doctor via remote
monitoring. For patients it provides them with the safety of communicating
critical information about their medical condition directly to the cardiologist
within the comfort of their home, anytime of the day.
New technological antimicrobial
pouches are innovated by companies like Medtronic PLC. (Tyrx neuroabsorbable
antibacterial envelope) in recent times to avoid infections during the
implantation of the pacemakers into the patient’s body.
COVID-19 Driving the Market Growth of the
India Pacemaker Market
The COVID -19 outbreak is anticipated to
have a negative impact on the India Pacemaker market. COVID -19 surge had
caused a lot of disruption in the healthcare system and facilities in the world
including Indian healthcare system. Many hospital clinics and cardiac centers
were occupied during the pandemic times, due to the unavailability of the space
and capacity for the COVID -19 patients, thereby interrupting the cardiac care
and postponing the scheduled non -emergent surgeries across India. COVID-19 has
increased the susceptibility of patients with cardiovascular disease conditions,
thereby supporting the market growth.
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Market Segmentation
India Pacemaker market is segmented
based on type, technology, product type, application, end user, regional
distribution and competitive landscape. Based on type, the market can be split
into implantable and external. Based on technology, the market is segmented
into dual chamber, single chamber, and biventricular chamber. Depending on the
product type, the market can be split into MRI compatible and conventional. In
terms of application, the market can be segmented into arrythmias, congestive
heart failure and others. Furthermore, Based on region, the market can be
fragmented into South, North, West and East.
Company Profiles
India Medtronic Pvt Ltd, BIOTRONIK
Medical Devices India Private Ltd., Abbott India Limited, Boston Scientific
India Private Limited, Shree Pacetronix Ltd., are among the major market
players operating in the India Pacemaker Market.
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Attribute
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Details
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Base Year
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2022
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Historical Years
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2018 –
2021
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Estimated Year
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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 2023E-2028F
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Report Coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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Segments Covered
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Type
Technology
Product Type
Application
End User
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|
Regional Scope
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South,
North, West, East
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|
Key Companies Profiled
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India Medtronic Pvt Ltd, BIOTRONIK Medical Devices India Private Ltd.,
Abbott India Limited, Boston Scientific India Private Limited, Shree
Pacetronix Ltd.
|
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Customization Scope
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10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
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|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore
purchase options
|
|
Delivery Format
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PDF and Excel through Email (We can also provide the
editable version of the report in PPT/pdf format on special request)
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Report Scope:
In this report, India Pacemaker Market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- India Pacemaker Market, By Type:
- India Pacemaker Market, By Technology:
- Dual Chamber
- Single Chamber
- Biventricular Chamber
- India Pacemaker
Market, By Product Type:
- MRI Compatible
- Conventional
- India Pacemaker Market,
By Application:
- Arrythmias
- Congestive Heart Failure
- Others
- India Pacemaker
Market, By End User:
- Hospitals
- Cardiac Care Centers
- Ambulatory Surgical Centers
- India Pacemaker Market, By Region:
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India 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).
India 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]