PUBLISHER: The Business Research Company | PRODUCT CODE: 1546438
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546438
Bradycardia treatment devices are specialized tools used in medical settings to manage slow heart rates, ensuring the heart maintains a healthy rhythm and adequate blood flow throughout the body. These devices play a critical role in addressing cardiac conditions and supporting cardiovascular health.
The main types of bradycardia treatment devices include pacemakers and defibrillators. Pacemakers are medical devices that regulate the heartbeat by delivering electrical impulses to the heart. They are commonly used to treat conditions such as sinus bradycardia, sinus pause, sick sinus syndrome, tachy-brady syndrome, and heart block. These devices are typically utilized by hospitals, specialty clinics, and other healthcare facilities.
The bradycardia treatment devices market research report is one of a series of new reports from The Business Research Company that provides bradycardia treatment devices market statistics, including the bradycardia treatment devices industry's global market size, regional shares, competitors with a bradycardia treatment devices market share, detailed bradycardia treatment devices market segments, market trends and opportunities, and any further data you may need to thrive in the bradycardia treatment devices industry. This bradycardia treatment devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The bradycardia treatment devices market size has grown strongly in recent years. It will grow from $8.09 billion in 2023 to $8.54 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth during the historic period can be attributed to several factors, including the rising prevalence of cardiovascular diseases, growth in the elderly population, increasing awareness and screening programs for heart conditions, regulatory approvals and product launches, and rising healthcare expenditure.
The bradycardia treatment devices market size is expected to see strong growth in the next few years. It will grow to $10.67 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to increasing investments in healthcare infrastructure by governments and private sectors, ongoing efforts to raise awareness and implement preventive measures for cardiovascular health, economic growth leading to higher disposable incomes, and streamlined regulatory processes for approving new devices. Major trends expected during this period include the expansion of telemedicine and remote monitoring technologies, advancements in personalized medicine, development of leadless pacemakers, integration of AI and machine learning in healthcare, use of advanced biocompatible materials in device manufacturing, and the integration of telehealth services into cardiovascular care.
The increasing prevalence of cardiovascular disease is expected to drive growth in the bradycardia treatment devices market. Cardiovascular disease encompasses a range of conditions affecting the heart and blood vessels, such as coronary artery disease, stroke, and heart failure. Factors contributing to the rising prevalence of cardiovascular disease include sedentary lifestyles, poor dietary habits, smoking, and an aging population. Bradycardia treatment devices, such as pacemakers, play a critical role in regulating heart rhythm and ensuring adequate heart rate in patients with cardiac disorders. For example, according to the Immigration and Checkpoints Authority in Singapore, deaths from heart and hypertensive diseases increased by 10.35% in 2022 to 6,884 deaths from 6,238 recorded in 2021, underscoring the impact of cardiovascular conditions. Thus, the growing prevalence of cardiovascular disease is poised to fuel expansion in the bradycardia treatment devices market.
Leading companies in the bradycardia treatment devices market are focused on advancing solutions, including leadless pacemakers, to enhance patient outcomes and minimize procedural complications. Leadless pacemakers are small, self-contained devices implanted directly into the heart without the use of leads, offering a minimally invasive option for managing heart rhythm. For instance, Abbott Laboratories, a US-based medical device manufacturer, received US FDA approval in July 2023 for the AVEIR dual chamber (DR) leadless pacemaker system. This system provides synchronized or coordinated cardiac pacing between two leadless pacemakers, tailored to the specific clinical needs of patients with abnormal or slow heart rhythms.
In September 2022, Ceryx Medical Ltd., based in the UK, collaborated with Osypka Medical GmbH to develop Cysoni, a heart-pacing device aimed at treating heart failure and other cardiac conditions. This partnership leverages the expertise of both companies in the development of innovative bradycardia treatment devices. Osypka Medical GmbH, headquartered in Germany, specializes in manufacturing medical devices for the treatment of cardiac disorders.
Major companies operating in the bradycardia treatment devices market are Abbott Laboratories, Medtronic plc, Koninklijke Philips N.V., Boston Scientific Corporation, Zoll Medical Corporation, Biotronik Medical Devices India Private Limited, Lepu Medical Technology Co. Ltd., Integer Holdings Corporation, Nihon Kohden India Pvt. Ltd., Livanova India Private Limited, Microport Scientific India Private Limited, Fukuda Denshi Co. Ltd., Trivitron Healthcare Private Limited, Sorin Group, Physio-Control Inc., OSCOR Inc., Medico S.R.L., Amaryllis Healthcare Pvt. Ltd., Inorbvict Healthcare India Private Limited, Kox Med And Lab Private Limited, Nasan Medical Electronics Pvt Ltd, Osypka Medical Asia Co., Ltd., Shree Pacetronix Limited, Medinnova Systems Pvt. Ltd.
North America was the largest region in the bradycardia treatment devices market in 2023. The regions covered in the bradycardia treatment devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the bradycardia treatment devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The bradycardia treatment devices market consists of sales of implantable cardioverter defibrillators (ICDs), cardiac resynchronization therapy (CRT) devices, and leadless pacemakers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Bradycardia Treatment Devices Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bradycardia treatment devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bradycardia treatment devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bradycardia treatment devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.