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Global Pacemakers And Implantable Cardioverter Defibrillators (ICDs) Market

Global Pacemakers and Implantable Cardioverter Defibrillators (ICDs) Market Analysis and Forecast, 2017-2023 (Focus on Pacemakers Type Volume & Value, ICDs Type Volume & Value, Patent Landscape and ~45 Country Analysis)

The global pacemakers and ICDs market are expected to grow at a CAGR of 4.6% and 4.8% from 2017 to 2023. The factors includes revenue growth by dual chamber ICDs and Leadless Pacemakers as well as MRI Compatible ICD devices.

SKU: BH024A
Published Year: 2017
 
 

Pacemakers and Implantable Cardioverter Defibrillators (ICDs) play a substantial role in the management of patients suffering from cardiac conditions such as, heart attack (myocardial infarction), heart failure, arrhythmia and Long QT syndrome. These devices do not, however, treat the disease per se, but helps in maintaining the normal heart rate, thus, preventing sudden cardiac deaths (SCD) in patients. 

Despite large scale competition among key players and market consolidation in the pacemaker and ICD market, the market is expected to see a moderate growth in the upcoming years due to driving factors such as rising incidences of cardiovascular diseases, growing population and an upsurge in the global geriatric population. Market growth is particularly expected in the future in countries such as India, China, Brazil and many other emerging countries. 

This study comprises of an extensive analysis of the pacemakers and ICD market, in terms of product type, application type and geographical regions which enables the user gain a multidimensional view of the entire market. It also employs an exhaustive and analytical approach to estimate and understand the market, and thus, provides an all-inclusive insight into various forms of developments, market trends and strategies. 

While underlining the key driving and restraining factors for the pacemakers and ICD market, the report also provides a comprehensive understanding in terms of competitive landscape, market share analysis, competitor benchmarking (matrices), and their positioning in terms of global pacemakers and ICD market.

The answers to the following key questions can be found in the report:
•    What are the factors affecting the growth rate of global pacemaker and ICD market (e.g.- drivers, restraints, challenges and opportunities)?
•    How did the global pacemaker and ICD market evolved? 
•    What is the market share of leading segments and sub-segments of the global pacemakers and ICD market in 2016 and 2023?
•    How will each segment of the global pacemakers and ICD market grow over the forecast period and how much revenue will these account for in 2023?
•    Who are the market leaders in the global pacemaker and ICD market in 2017 & 2016?
•    What are the key development strategies employed by the key players across various geographies?
•    What are the key strategies employed by the key players in order to stand out in the highly competitive pacemakers and ICD market?
•    Which geographical region will lead the global Pacemakers and ICD Market?
•     What is the role of various regulatory bodies and government agencies in regulating the pacemaker and ICD industry?

The research study aims to address various aspects of the global pacemakers and ICD market with the help of key factors driving the market, threats that can possibly slow down the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market. The study takes into account the growth-share matrix model for an in-depth analysis of the global pacemakers and ICD market and makes an assessment of the factors governing the same. 

The report also includes the profiles of major players in the market that allows the readers to get a valuable insight into the various industry trends. Some of the leading companies profiled in the report are Medtronic, Boston Scientific, BIOTRONIK, Inc., St. Jude Medical, ZOLL Medical Corporation, MEDICO S.p.A and Vitatron.

 

TABLE OF CONTENT
Executive Summary
1 Report Scope and Methodology
1.1. Scope of the Report
1.2. Objectives
1.3. Research Methodology
1.3.1. Historical and Base Year Estimation (2015–2016)  
1.3.2. Forecast, 2017–2023
1.3.3. Special consideration
1.3.4. Top Down and Bottom Up Approach
1.3.5. Data Sources
2 Market Overview
2.1. Introduction
2.2. Need for Permanent Pacemakers and ICDs
2.3. Types of Pacemakers and ICDs
2.4. Components of Pacemakers & ICDs and their Differences
2.5. Difference between Pacemaker and ICD
2.6. Historical Trends
3  Market Dynamics
3.1. Overview
3.2. Market Drivers
3.3. Market Restraints
3.4. Market Challenges
3.5. Market Opportunities
4 Pricing Trends
4.1. Overview
4.2. Pricing Trend Analysis
5 Competitive Landscape
5.1. Key Market Development Snapshot
5.1.1. Mergers and Acquisitions
5.1.2. Product Development & Launches
5.1.3. Business Expansions
5.2. Industry Attractiveness
6 Industry Insights
6.1. Regulatory Agencies
6.2. Patent Landscape
6.3. Legal Developments
6.3.1. Lawsuits
6.3.2. Innovations
6.3.3. Approvals
7 Global Pacemaker and ICDs Market, by Product Type
7.1. Pacemaker
7.1.1. Overview
7.1.2. Single Chamber Implantable Pacemakers
7.1.3. Dual Chamber Implantable Pacemakers
7.1.4. Biventricular Pacemakers and Others
7.1.4.1. External Pacemakers
7.2. Implantable Cardioverter Defibrillators (ICDs)
7.2.1. Overview
7.2.2. Single Chamber ICDs
7.2.3. Dual Chamber ICDs
7.2.4. Biventricular ICDs/CRT-DS and Others
7.2.4.1. Transvenous Implantable Cardioverter Defibrillators 
7.2.4.2. Subcutaneous ICDs
8 Global Pacemakers and ICDs Market, By Applications (Qualitative Only)
8.1. Overview
8.2. Arrhythmia 
8.3. Atrial Fibrillation
8.4. Heart Block 
8.5. Long QT Syndrome
9 Global Pacemakers and ICDs Market, By End Users
9.1. Overview
9.2. Hospitals
9.3. Speciality Clinics & Cardiac Centres 
9.4. Ambulatory centres
9.5. Others
10 Global Pacemakers and ICDs Market, By Region
10.1. Pacemaker
10.1.1. Overview
10.1.2. North America
10.1.2.1. U.S
10.1.2.2. Canada
10.1.3. Europe
10.1.3.1. Germany
10.1.3.2. Belgium
10.1.3.3. Iceland
10.1.3.4. Finland
10.1.3.5. Estonia
10.1.3.6. France
10.1.3.7. Sweden
10.1.3.8. Austria
10.1.3.9. Portugal
10.1.3.10. Lithuania
10.1.3.11. Denmark
10.1.3.12. Czech Republic
10.1.3.13. United Kingdom
10.1.3.14. Switzerland
10.1.3.15. Poland 
10.1.3.16. Italy
10.1.3.17. Slovenia
10.1.3.18. Spain
10.1.3.19. Greece
10.1.3.20. Slovakia
10.1.3.21. Norway
10.1.3.22. Serbia
10.1.3.23. Hungary
10.1.3.24. Croatia
10.1.3.25. Netherlands
10.1.3.26. Bulgaria
10.1.3.27. Ireland
10.1.3.28. Belarus
10.1.3.29. Luxembourg
10.1.3.30. Russia
10.1.4. Asia Pacific
10.1.4.1. India
10.1.4.2. China
10.1.4.3. Japan
10.1.4.4. Malaysia
10.1.4.5. New Zealand
10.1.4.6. Philippines
10.1.4.7. Singapore
10.1.4.8. South Korea
10.1.4.9. Taiwan
10.1.4.10. Thailand
10.1.4.11. Rest of APAC
10.1.5. Latin America
10.1.5.1. Brazil 
10.1.5.2. Mexico
10.1.6. RoW
10.2. ICDs
10.2.1. Overview
10.2.2. North America
10.2.2.1. U.S
10.2.2.2. Canada
10.2.3. Europe
10.2.3.1. Germany
10.2.3.2. Belgium
10.2.3.3. Iceland
10.2.3.4. Finland
10.2.3.5. Estonia
10.2.3.6. France
10.2.3.7. Sweden
10.2.3.8. Austria
10.2.3.9. Portugal
10.2.3.10. Lithuania
10.2.3.11. Denmark
10.2.3.12. Czech Republic
10.2.3.13. United Kingdom
10.2.3.14. Switzerland
10.2.3.15. Poland 
10.2.3.16. Italy
10.2.3.17. Slovenia
10.2.3.18. Spain
10.2.3.19. Greece
10.2.3.20. Slovakia
10.2.3.21. Norway
10.2.3.22. Serbia
10.2.3.23. Hungary
10.2.3.24. Croatia
10.2.3.25. Netherlands
10.2.3.26. Bulgaria
10.2.3.27. Ireland
10.2.3.28. Belarus
10.2.3.29. Luxembourg
10.2.3.30. Russia
10.2.4. Asia Pacific
10.2.4.1. India
10.2.4.2. China
10.2.4.3. Japan
10.2.4.4. Malaysia
10.2.4.5. New Zealand
10.2.4.6. Philippines
10.2.4.7. Singapore
10.2.4.8. South Korea
10.2.4.9. Taiwan
10.2.4.10. Thailand
10.2.4.11. Rest of APAC
10.2.5. Latin America
10.2.5.1. Brazil 
10.2.5.2. Mexico
10.2.6. RoW
11 Company Profiles
11.1. Medtronic Inc.
11.2. Boston Scientific
11.3. ZOLL Medical Corp.
11.4. Asahi Kasei Corp.
11.5. Nihon Kohden Corp.
11.6. Shree Pacetronix Ltd.
11.7. St. Jude Medical, Inc
11.8. BIOTRONIK SE & Co. KG
11.9. EBR Systems, Inc.
11.10. MEDICO S.p.A.
11.11. Osypka Medical GmbH
11.12. Physio-Control Corp.
List of Tables
1 Price variation for a pacemaker implant procedure in the U.S.
2 Regulatory agencies in the pacemaker and ICD industry
3 Average charges for a pacemaker implant procedure in the U.S
4 Price trend analysis of cardiac devices (CRTDs, ICDs and pacemakers)
5 The average selling price for each category of cardiac device relative to the 2007 average price
6 Mergers and acquisitions in the pacemaker and ICD industry (2014-2016)
7 Key product launches in the pacemaker and ICD industry (2014-2016)
8 Key business expansions in the pacemaker and ICD industry (2014-2016)
9 Key regulatory agencies in the pacemaker and ICD industry (2014-2016)
10 Patent analysis
11 Lawsuits
12 Innovations
13 Approvals
14 Segmentation of the number of implantations by type of devices during 2010-2015
15 Europe Pacemaker Implants Market Volume by Country, 2016-2023 (in Units)
16 Europe Pacemaker Implants Market Value by Country, 2016-2023 (in Units)
17 Europe ICD Implants Market Volume by Country, 2016-2023 (in Units)
18 Europe ICD Implants Market Volume by Country, 2016-2023 (in Units)
19 Annual New Pacemaker Implant Rate per million population
20 New ICD Implant Rate per million population
21 Total CRT Implant Rate per million population
22 Europe ICD Implants Market Volume by Country, 2016-2023 (in Units)
23 APAC pacemaker Implants Market Volume by Country, 2016-2023 (in Units)
24 APAC Pacemaker Implants Market Value by Country, 2016-2023 ($Million)
25 APAC ICD Implants Market Volume by Country, 2016-2023 (in Units)
26 APAC ICD Implants Market Value by Country, 2016-2023 ($Million)
List of Figures
1 Key Elements Considered
2 Global Pacemakers and ICDs Market Segmentation
3 Global Pacemakers and ICDs Market Information
4 Research Methodology
5 Special Consideration
6 Top Down and Bottom Up Approach
7 Historical Trends
8 Dynamics of Pacemaker and ICDs Market
9 Average Selling Price Relative to 2007
10 Key Market Development Snapshot
11 Porter’s Five Force Analysis
12 Global Pacemaker Implants Market by Volume, 2016-2023 (in Units)
13 Global Pacemaker Implants Market Value, 2016-2023 ($Million)
14 Global Pacemaker Implants Market Volume, by Type 2016-2023 (in Units)
15 Pacemaker Market Volume by Type, 2016
16 Pacemaker Market Volume by Type, 2023
17 Global Pacemaker Implants Market Value, by Type 2016-2023 ($MIllion)
18 Pacemaker Market Value by Type, 2016
19 Pacemaker Market Value by Type, 2023
20 Global ICDs  Market by Volume, 2016-2023 (in Units)
21 Global ICDs  Market Value, 2016-2023 ($Million)
22 Global ICDs  Market Volume, by Type 2016-2023 (in Units)
23 ICDs Market Volume by Type, 2016
24 ICDs Market Volume by Type, 2023
25 Global ICDs  Market Value, by Type 2016-2023 ($Million)
26 ICDs Market Value by Type, 2016
27 ICDs Market Value by Type, 2023
28 Geographic Representation
29 Global Pacemaker Market Volume by Geography, 2016-2023 (in Units)
30 Global Pacemaker Market Value by Geography, 2016-2023 ($Million)
31 Global ICDs Market Volume by Geography, 2016-2023 (in Units)
32 Global ICDs Market Value by Geography, 2016-2023 ($Million)
33 North America Pacemaker Market by Volume, 2016-2023 (in Units) 
34 North America Pacemakers Market by Value, 2016-2023 ($Million)
35 U.S. Pacemakers Market by Volume, 2016-2023 (in Units) 
36 U.S. Pacemakers Market by Value, 2016-2023 ($Million)
37 U.S. Pacemaker Market Volume by Type, 2016-2023 (in Units)
38 U.S. Pacemakers Market by Value by Type, 2016-2023 ($Million)
39 Canada Pacemakers Market by Volume, 2016-2023 (in Units) 
40 Canada Pacemakers Market by Value, 2016-2023 ($Million)
41 Canada Pacemakers Market Volume by Type, 2016 (in Units)
42 Canada Pacemakers Market Value by Type, 2023 ($Million)
43 Canada Pacemakers Market Value by Type, 2016 ($Million)
44 Canada Pacemakers Market Value by  Type, 2023 ($Million)
45 Europe Pacemaker Market by Volume, 2016-2023 (in Units) 
46 Europe Pacemakers Market by Value, 2016-2023 ($Million)
47 Germany Pacemaker Implants Market Volume, 2016-2023 (in Units)
48 Germany Pacemaker Implants Market Value, 2016-2023 ($Million)
49 France Pacemakers Market Volume, 2016-2023 (in Units)
50 France Pacemakers Market Value, 2016-2023 ($Million)
51 United Kingdom Pacemakers Market Volume, 2016-2023 (in Units)
52 United Kingdom Pacemakers Market Value, 2016-2023 ($Million)
53 Belgium Pacemakers Market Volume, 2016-2023 (in Units)
54 Belgium Pacemakers Market Test Value, 2016-2023 ($Million)
55 Iceland Pacemakers Market Volume, 2016-2023 (in Units)
56 Iceland Pacemaker Market Value, 2016-2023 ($Million)
57 Finland Pacemakers Market Volume, 2016-2023 (in Units)
58 Finland pacemaker Market Value, 2016-2023 ($Million)
59 Estonia Pacemakers Market Volume, 2016-2023 (in Units)
60 Estonia Pacemakers Market Value, 2016-2023 ($Million)
61 Sweden Pacemakers Market Volume, 2016-2023 (in Units)
62 Sweden Pacemakers Market Value, 2016-2023 ($Million)
63 Austria Pacemakers Market Volume, 2016-2023 (in Units)
64 Austria Pacemakers Market Value, 2016-2023 ($Million)
65 Portugal Pacemakers Market Volume, 2016-2023 (in Units)
66 Portugal Pacemakers Market Value, 2016-2023 ($Million)
67 Lithuania Pacemakers Market Volume, 2016-2023 (in Units)
68 Lithuania Pacemakers Market Value, 2016-2023 ($Million)
69 Denmark Pacemakers Market Volume, 2016-2023 (in Units)
70 Denmark Pacemakers Market Value, 2016-2023 ($Million)
71 Czech Republic Pacemakers Market Volume, 2016-2023 (in Units)
72 Czech Republic Pacemakers Market Value, 2016-2023 ($Million)
73 Switzerland Pacemakers Market Volume, 2016-2023 (in Units)
74 Switzerland Pacemakers Market Value, 2016-2023 ($Million)
75 Poland Pacemakers Market Volume, 2016-2023 (in Units)
76 Poland Pacemakers Market Value, 2016-2023 ($Million)
77 Italy Pacemakers Market Volume, 2016-2023 (in Units)
78 Italy Pacemakers Market Value, 2016-2023 ($Million)
79 Slovenia Pacemakers Market Volume, 2016-2023 (in Units)
80 Slovenia Pacemakers Market Value, 2016-2023 ($Million)
81 Spain Pacemakers Market Volume, 2016-2023 (in Units)
82 Spain Pacemakers Market Value, 2016-2023 ($Million)
83 Greece Pacemakers Market Volume, 2016-2023 (in Units)
84 Greece Pacemakers Market Value, 2016-2023 ($Million)
85 Slovakia Pacemakers Market Volume, 2016-2023 (in Units)
86 Slovakia Pacemakers Market Value, 2016-2023 ($Million)
87 Norway Pacemakers Market Volume, 2016-2023 (in Units)
88 Norway Pacemakers Market Value, 2016-2023 ($Million)
89 Serbia Pacemakers Market Volume, 2016-2023 (in Units)
90 Serbia Pacemakers Market Value, 2016-2023 ($Million)
91 Hungary Pacemakers Market Volume, 2016-2023 (in Units)
92 Hungary Pacemakers Market Value, 2016-2023 ($Million)
93 Croatia Pacemakers Market Volume, 2016-2023 (in Units)
94 Croatia Pacemakers Market Value, 2016-2023 ($Million)
95 Netherlands Pacemakers Market Volume, 2016-2023 (in Units)
96 Netherlands Pacemakers Market Value, 2016-2023 ($Million)
97 Bulgaria Pacemakers Market Volume, 2016-2023 (in Units)
98 Bulgaria Pacemakers Market Value, 2016-2023 ($Million)
99 Ireland Pacemakers Market Volume, 2016-2023 (in Units)
100 Ireland Pacemakers Market Value, 2016-2023 ($Million)
101 Belarus Pacemakers Market Volume, 2016-2023 (in Units)
102 Belarus Pacemakers Market Value, 2016-2023 ($Million)
103 Luxembourg Pacemakers Market Volume, 2016-2023 (in Units)
104 Luxembourg Pacemakers Market Value, 2016-2023 ($Million)
105 Russia Pacemakers Market Volume, 2016-2023 (in Units)
106 Russia Pacemakers Market Value, 2016-2023 ($Million)
107 Europe Pacemaker Implants Market Volume by Type, 2016-2023 (in Units)
108 Europe Market Value by Type, 2016-2023 ($Million)
109 Europe Pacemaker Implants Market Volume by Type, 2016 (in Units)
110 Europe Pacemaker Implants Market Volume by Type, 2023 (in Units)
111 Europe Pacemakers Market Value by Type, 2016 ($Million)
112 Europe Pacemakers Market Value by  Type, 2023 ($Million)
113 APAC Pacemakers Market by Volume, 2016-2023 (in Units) 
114 APAC Pacemakers Market by Value, 2016-2023 ($Million)
115 India Pacemakers Market Volume, 2016-2023 (in Units)
116 India Pacemakers Market Value, 2016-2023 ($Million)
117 China Pacemakers Market Volume, 2016-2023 (in Units)
118 China Pacemakers Market Value, 2016-2023 ($Million)
119 Japan Pacemakers Market Volume, 2016-2023 (in Units)
120 Japan Pacemakers Market Value, 2016-2023 ($Million)
121 Malaysia Pacemakers Market Volume, 2016-2023 (in Units)
122 Malaysia Pacemakers Market Value, 2016-2023 ($Million)
123 New Zealand  Pacemakers Market Volume, 2016-2023 (in Units)
124 New Zealand Pacemakers Market Value, 2016-2023 ($Million)
125 Philippines Pacemakers Market Volume, 2016-2023 (in Units)
126 Philippines Pacemakers Market Value, 2016-2023 ($Million)
127 Singapore Pacemakers Market Volume, 2016-2023 (in Units)
128 Singapore Pacemakers Market Value, 2016-2023 ($Million)
129 South Korea Pacemakers Market Volume, 2016-2023 (in Units)
130 South Korea Pacemakers Market Value, 2016-2023 ($Million)
131 Taiwan Pacemakers Market Volume, 2016-2023 (in Units)
132 Taiwan Pacemakers Market Value, 2016-2023 ($Million)
133 Thailand Pacemakers Market Volume, 2016-2023 (in Units)
134 Thailand Pacemakers Market Value, 2016-2023 ($Million)
135 Rest of APAC Pacemakers Market Volume, 2016-2023 (in Units)
136 Rest of APAC Pacemakers Market Value, 2016-2023 ($Million)
137 APAC Pacemaker Implants Market Volume by Type, 2016-2023 (in Units)
138 APAC Pacemaker Implants Market Value by Type, 2016-2023 ($Million)
139 APAC Pacemaker Implants Market Volume by Type, 2016 (in Units)
140 APAC Pacemaker Implants Market Volume by Type, 2023 (in Units)
141 APAC Pacemaker Implants Market Value by Type, 2016 ($Million)
142 APAC Pacemaker Implants Market Value by Type, 2023 ($Million)
143 Latin America Pacemaker Implants Market Volume by Country, 2016-2023 (in Units)
144 Latin America Pacemaker Implants Market Value by Country, 2016-2023 ($Million)
145 Latin America Pacemaker Implants Market Volume by Type, 2016-2023 (in Units)
146 Latin America Pacemaker Implants Market Value by Type, 2016-2023 ($Million)
147 RoW Pacemaker Implants Market Volume by Type, 2016-2023 (in Units)
148 RoW Pacemaker Implants Market Value by Type, 2016-2023 ($Million)
149 North America ICDs Market by Volume, 2016-2023 (in Units) 
150 North America ICDs Market by Value, 2016-2023 ($Million)
151 U.S. ICDs  Market Volume, 2016-2023 (in Units) 
152 U.S. ICDs   Market Value, 2016-2023 ($Million)
153 U.S. ICDs  Market Volume by type, 2016-2023 (in Units) 
154 U.S. ICDs  Market Value by type, 2016-2023 ($Million)
155 Canada ICDs  Market Volume, 2016-2023 (in Units) 
156 Canada ICDs  Market Value by type, 2016-2023 ($Million)
157 Canada ICDs  Market Volume by type, 2016-2023 (in Units) 
158 Canada ICDs  Market Value by type, 2016-2023 ($Million)
159 Canada ICDs  Market Volume by Type, 2016 (in Units)
160 Canada ICDs  Market Volume by Type, 2023 (in Units)
161 Canada ICDs  Market Value by Type, 2016 ($Million)
162 Canada ICDs  Market Value by Type, 2023 ($Million)
163 Europe ICDs Market Volume, 2016-2023 (in Units) 
164 Europe ICDs Market Value, 2016-2023 ($Million)
165 Germany ICDs  Market Volume, 2016-2023 (in Units)
166 Germany ICDs  Market Value, 2016-2023 ($Million)
167 Belgium ICDs  Market Volume, 2016-2023 (in Units)
168 Belgium ICDs  Market Value, 2016-2023 ($Million)
169 Iceland ICDs  Market Volume, 2016-2023 (in Units)
170 Iceland ICDs  Market Value, 2016-2023 ($Million)
171 Finland ICDs  Market Volume, 2016-2023 (in Units)
172 Finland ICDs  Market value, 2016-2023 ($Million)
173 Estonia ICDs  Market Volume, 2016-2023 (in Units)
174 Estonia ICDs  Market Value, 2016-2023 ($Million)
175 France ICDs  Market Volume, 2016-2023 (in Units)
176 France ICDs  Market Value, 2016-2023 ($Million)
177 Sweden ICDs  Market Volume, 2016-2023 (in Units)
178 Sweden ICDs  Market Value, 2016-2023 ($Million)
179 Austria ICDs  Market Volume, 2016-2023 (in Units)
180 Austria ICDs  Market Value, 2016-2023 ($Million)
181 Portugal ICDs  Market Volume, 2016-2023 (in Units)
182 Portugal ICDs  Market Value, 2016-2023 ($Million)
183 Lithuania ICDs  Market Volume, 2016-2023 (in Units)
184 Lithuania ICDs  Market Value, 2016-2023 ($Million)
185 Denmark ICDs  Market Volume, 2016-2023 (in Units)
186 Denmark ICDs  Market Value, 2016-2023 ($Million)
187 Czech Republic  ICDs  Market Volume, 2016-2023 (in Units)
188 Czech Republic ICDs  Market Value, 2016-2023 ($Million)
189 United Kingdom ICDs  implant Market Volume, 2016-2023 (in Units)
190 United Kingdom ICDs  Market Value, 2016-2023 ($Million)
191 Switzerland ICDs  Market Volume, 2016-2023 (in Units)
192 Switzerland ICDs  Market Value, 2016-2023 ($Million)
193 Poland ICDs  Market Volume, 2016-2023 (in Units)
194 Poland ICDs  Market Value, 2016-2023 ($Million)
195 Italy ICDs  Market Volume, 2016-2023 (in Units)
196 Italy ICDs  Market Value, 2016-2023 ($Million)
197 Slovenia ICDs  Market Volume, 2016-2023 (in Units)
198 Slovenia ICDs  Market Value, 2016-2023 ($Million)
199 Spain ICDs  Market Volume, 2016-2023 (in Units)
200 Spain ICDs  Market Value, 2016-2023 ($Million)
201 Greece ICDs  Market Volume, 2016-2023 (in Units)
202 Greece ICDs  Market Value, 2016-2023 ($Million)
203 Slovakia ICDs  Market Volume, 2016-2023 (in Units)
204 Slovakia ICDs  Market Value, 2016-2023 ($Million)
205 Norway ICDs  Market Volume, 2016-2023 (in Units)
206 Norway ICDs  Market Value, 2016-2023 ($Million)
207 Serbia ICDs  Market Volume, 2016-2023 (in Units)
208 Serbia ICDs  Market Value, 2016-2023 ($Million)
209 Hungary ICDs  Market Volume, 2016-2023 (in Units)
210 Hungary ICDs  Market Value, 2016-2023 ($Million)
211 Croatia ICDs  Market Volume, 2016-2023 (in Units)
212 Croatia ICDs  Market Value, 2016-2023 ($Million)
213 Netherlands ICDs  Market Volume, 2016-2023 (in Units)
214 Netherlands ICDs  Market Value, 2016-2023 ($Million)
215 Bulgaria ICDs Market Volume, 2016-2023 (in Units)
216 Bulgaria ICDs  Market Value, 2016-2023 ($Million)
217 Ireland ICDs  Market Volume, 2016-2023 (in Units)
218 Ireland ICDs  Market Value, 2016-2023 ($Million)
219 Belarus ICDs  Market Volume, 2016-2023 (in Units)
220 Belarus ICDs  Market Value, 2016-2023 ($Million)
221 Luxembourg ICDs  Market Volume, 2016-2023 (in Units)
222 Luxembourg ICDs  Market Value, 2016-2023 ($Million)
223 Russia ICDs  Market Volume, 2016-2023 (in Units)
224 Russia ICDs  Market Value, 2016-2023 ($Million)
225 Europe ICDs  Market Volume by Type, 2016-2023 (in Units)
226 Europe ICDs  Market Value by Type, 2016-2023 ($Million)
227 Europe ICDs   Market Volume by Type, 2016 (in Units)
228 Europe ICDs  Market Volume by Type, 2023 (in Units)
229 Europe ICDs   Market Value by Type, 2016 ($Million)
230 Europe ICDs  Market Value by Type, 2016-2023 ($Million)
231 China ICDs  implant Market Volume, 2016-2023 (in Units)
232 China ICDs  Market Value, 2016-2023 ($Million)
233 Hong Kong ICDs  Market Volume, 2016-2023 (in Units)
234 Hong Kong ICDs  Market Value, 2016-2023 ($Million)
235 India ICDs  Market Volume, 2016-2023 (in Units)
236 India ICDs  Market Value, 2016-2023 ($Million)
237 Japan ICDs  Market Volume, 2016-2023 (in Units)
238 Japan ICDs  Market Value, 2016-2023 ($Million)
239 Malaysia ICDs  Market Volume, 2016-2023 (in Units)
240 Malaysia ICDs  Market Value, 2016-2023 ($Million)
241 New Zealand ICDs  Market Volume, 2016-2023 (in Units)
242 New Zealand ICDs  Market Value, 2016-2023 ($Million)
243 Philippines ICDs  Market Volume, 2016-2023 (in Units)
244 Philippines ICDs  Market Test Value, 2016-2023 ($Million)
245 Singapore ICDs  Market Volume, 2016-2023 (in Units)
246 Singapore ICDs  Market Value, 2016-2023 ($Million)
247 South Korea ICDs  Market Volume, 2016-2023 (in Units)
248 South Korea ICDs  Market Value, 2016-2023 ($Million)
249 Taiwan ICDs  Market Volume, 2016-2023 (in Units)
250 Taiwan ICDs  Market Value, 2016-2023 ($Million)
251 Thailand ICDs  Market Volume, 2016-2023 (in Units)
252 Thailand ICDs  Market Value, 2016-2023 ($Million)
253 Rest of APAC ICDs  Market Volume, 2016-2023 (in Units)
254 Rest of APAC ICDs  Value, 2016-2023 ($Million)
255 APAC ICDs  Market Volume by Type, 2016-2023 (in Units)
256 APAC ICDs  Market Value by Type, 2016-2023 ($Million)
257 APAC ICDs  Market Volume by Type, 2016-2023 (in Units)
258 APAC ICDs  Market Volume by Type, 2016-2023 (in Units)
259 APAC ICDs  Market Value by Type, 2016-2023 ($Million)
260 APAC ICDs  Market Value by Type, 2016-2023 ($Million)
261 Latin America ICDs  Market Volume by Country, 2016-2023 (in Units)
262 Latin America ICDs  Market Value by Country, 2016-2023 ($Million)
263 Latin America ICDs  Market Volume by Country, 2016-2023 (in Units)
264 Latin America ICDs  Market Value by Country, 2016-2023 ($Million)
265 Latin America ICDs  Market Volume by Type, 2016-2023 (in Units)
266 Latin America ICDs  Market Volume by Type, 2016-2023 (in Units)
267 Latin America ICDs  Market Value by Type, 2016-2023 ($Million)
268 Latin America ICDs  Market Value by Type, 2016-2023 ($Million)
269 RoW Pacemaker Implants Market Volume by Type, 2016-2023 (in Units)
270 RoW Pacemaker Implants Market Volume by Type, 2016-2023 (in Units)
271 RoW Pacemaker Implants Market Value by Type, 2016-2023 ($Million)
272 RoW Pacemaker Implants Market Value by Type, 2016-2023 ($Million)
273 RoW ICDs  Market Volume by Type, 2016-2023 (in Units)
274 RoW ICDs  Market Value by Type, 2016-2023 ($Million)
275 RoW ICDs  Market Volume by Type, 2016-2023 (in Units)
276 RoW ICDs  Market Volume by Type, 2016-2023 (in Units)
277 RoW ICDs  Market Value by Type, 2016-2023 ($Million)
278 RoW ICDs  Market Value by Type, 2016-2023 ($Million)
279 Asahi Kasei Corp.: Overall Financials, (2014-2016)
280 Asahi Kasei Corp.: Net Revenue by Business Segment, (2014-2016)
281 Asahi Kasei Corp: SWOT Analysis
282 Nihon Kohden Corp.: Overall Financials, (2013-2015)
283 Nihon Kohden Corp.: Net Revenue by Product Category, (2013-2015)
284 Nihon Kohden Corp.: Revenue across Different Geographies, (2013-2015)
285 Nihon Kohden Corp.: SWOT Analysis
286 Shree Pacetronix Ltd.: Overall Financials, (2014-2016)
287 Shree Pacetronix Ltd.: SWOT Analysis

Pacemakers and ICDs play a significant role in the management of cardiac conditions such as Atrial Fibrillation, Arrhythmias, Bradycardia, and Sick-Sinus Syndrome etc. However, MRI compatibility has been a serious issue with the use of these devices as they restrict a cardiac patient from going through MRI scans.  MRI scans are essentially used for tissue imaging which provides information not seen with X-ray, ultrasound, or CT scan. Until the approval of MR-conditional pacemakers, patients with implanted devices were typically denied access to MRI procedures because of the potential for harmful interaction between the device and the MRI scanner. According to an estimate, 50-75 % of patients will require an MRI scan over the lifetime of their pacemakers.

The implantation of life saving pacemakers and ICD devices often come with many complications such as bleeding at the generator site, allergic reactions, infection where the pacemaker was implanted etc. However, the development of leadless pacemakers and the advent of MRI compatible pacemakers have revolutionized the industry, leading to a growth in the possibility of less complication rates than conventional pacemakers. Newer non-invasive cardiac devices with extended battery life is expected to further propel the market. Furthermore, various other technologies are also evolving such as tele-monitoring, cardiac contractility modulation (CCM) and wireless pacing which are expected to increase the growth of this market in the upcoming years. 

Furthermore, rising number of cardiovascular diseases, increasing older population as well as favorable government policies are some of the key driving forces of the market. However, lack of skilled medical professionals (in terms of performing pacemaker procedures), huge pricing pressure, and declining capital expenditure of hospitals are likely to restraint the growth of this market.

The global pacemakers and ICDs market are expected to grow at a CAGR of 4.6% and 4.8% from 2017 to 2023. The factors includes revenue growth by dual chamber ICDs and Leadless Pacemakers as well as MRI Compatible ICD devices. The pacemakers market by volume is expected to reach 1,433,358 units by 2023 and by value, it is anticipated to reach $10.19 billion. However, the ICDs market by volume is anticipated to grow over 392,267 units by 2023. The report is mainly focused on market volume and value for both pacemakers and ICDs in 45 countries across the globe.

Typically, Pacemakers pacemakers can be divided into single chamber, double chamber and biventricular pacemakers. On the other hand, ICDs can be classified as Single, Dual and Leadless & Others ICDs. The global market for single chamber pacemakers by volume was 496,959 in 2016 and is expected to grow at a CAGR of 1.3% during the forecast period from 2017 to 2023.

 However, the global market for dual chamber pacemakers by volume was XX in 2016. The market volume is expected to be 776, 625 units in 2023. The global ICDs Implants market is estimated to be $XX million in 2023 growing at the CAGR of 4.8% for the period from 2017 to 2023.

On the basis of end users, the market can be divided into hospitals, specialty clinics & cardiac centres, and ambulatory care centres. In geographical analysis both value and volume of approximately 45 countries have been considered. Asia is going to witness the highest growth in upcoming years due to huge patient base and government initiatives. North American pacemaker market is expected to grow over 3,63,416 units by the end of 2023 growing at a CAGR of XX% from 2017 to 2023. While, ICD market generated sales of 1,68,787 units in 2016.

The market trend is slowly experiencing a paradigm shift from single chamber pacemakers to high end ICDs. The reason could be the benefits of ICDs over conventional pacemakers as the former is capable of both treating as well as preventing an abnormal heart beat. The key players in the global pacemakers and ICD market are Medtronic, BIOTRONIK, Inc., Boston Scientific Corporation, St. Jude Medical, ZOLL Medical Corporation, MEDICO S.p.A., and Pacetronix, among others.

 

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