Pacemaker Market Growth - Likely To Record Revenue Worth USD 5.2 Billion By 2018

Pacemaker is a device used to control abnormal heart rhythms. It makes use of electrical pulses to help the heart beat normally. Pacemakers are mainly used for treating arrhythmias. Arrhythmia is a medical condition wherein the heart beats irregularly, too quickly or too slowly. For Market Research Report on “Pacemaker Market” Visit - The pacemaker market is likely to generate USD 5.2 million by 2018. This is due to increasing aged population, escalating scientific developments and growing awareness regarding pacemakers in cardiac patients. However, the failure of pacemakers is likely to hamper the market over the coming years. The pacemaker market can be segmented on the basis of types and geographies. On the basis of types, the market can be divided into external pacemakers, console pacemakers and implantable pacemakers. External pacemakers are moveable and battery-operated. Console pacemakers help in carrying out fast and simple pacing procedures. They are used in emergencies. Implantable pacemakers are subdivided into electromagnetic and radiofrequency. Geographically, the pacemaker market is segmented into four major regions, including North America, Europe, Asia Pacific and ROW (rest of the world). North America leads the worldwide pacemaker market. This is a result of technological improvements and rising cardiac patients in the region. Another factor which boosts demand for this market is the high utilization rate of pacemakers by cardiac patients. Asia Pacific is predicted to observe high growth. This is due to its emerging markets of China and India. These regions have shown high rates of pacemaker utilization. They are predicted to grow further on account of rising aged people, developments in healthcare and increased governmental spendings. Europe is estimated to observe moderate pacemaker market expansion. Pacemaker Market Information Source: Grand View Research

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