India Pacemaker Market By Type (Implantable v/s External), By Technology (Dual Chamber, Single Chamber, Biventricular Chamber), By Product Type (MRI Compatible v/s Conventional), By Application (Arrythmias, Congestive Heart Failure, Others), By End User (Hospitals, Cardiac Care Centers, Ambulatory Surgical Centers), By Region, Competition Forecast & Opportunities, 2018-2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Pacemaker Market By Type (Implantable v/s External), By Technology (Dual Chamber, Single Chamber, Biventricular Chamber), By Product Type (MRI Compatible v/s Conventional), By Application (Arrythmias, Congestive Heart Failure, Others), By End User (Hospitals, Cardiac Care Centers, Ambulatory Surgical Centers), By Region, Competition Forecast & Opportunities, 2018-2028F
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
Growing geriatric population and rising incidences of cardiac ailments among them
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.
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.
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | Type Technology Product Type Application End User |
| Regional Scope | South, North, West, East |
| Key Companies Profiled | India Medtronic Pvt Ltd, BIOTRONIK Medical Devices India Private Ltd., Abbott India Limited, Boston Scientific India Private Limited, Shree Pacetronix Ltd. |
| 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/pdf format on special request) |
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