Industry Pulse: Navigating the Top Trends in Cardiac Pacemaker Devices


Posted December 8, 2023 by shitalt

The Cardiac Pacemaker Devices Market is expected to reach $4.34 billion by 2028, at a CAGR of 3.1% during the forecast period of 2021 to 2028.
 
Introduction:

The Cardiac Pacemaker Devices Market is witnessing a robust growth trajectory, poised to reach an impressive $4.34 billion by 2028, with a steady Compound Annual Growth Rate (CAGR) of 3.1% from 2021 to 2028. The innovative pacemakers, designed to deliver low-voltage electrical support, are proving instrumental in treating patients with bradycardia and heart failure. This blog delves into the top 10 companies at the forefront of this dynamic market, driving advancements and improving patient outcomes.

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Medtronic plc:

Founded in 1949, headquartered in Dublin, Ireland.

Business Segments: Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group.

Offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices.

Strong global presence with 30 subsidiaries across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Boston Scientific Corporation:

Established in 1979, based in Massachusetts, U.S.

Business Segments: Cardiovascular, Rhythm Management, and MedSurg.

Specializes in cardiac rhythm management devices, including implantable cardioverter defibrillator systems.

Extensive distribution network with over 35 subsidiaries, reinforcing a global footprint.

BIOTRONIK SE & CO., KG:

Originated in 1963, headquartered in Berlin, Germany.

Offers a comprehensive range of cardio and endovascular medical devices.

Product portfolio includes pacemakers, leads, external devices, ICDs, and diagnostic catheters.

Strong geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

LivaNova PLC:

Formed in 2015 through the merger of Sorin Group and Cyberonics.

Business Segments: Neuromodulation, Cardiac Surgery, and Cardiac Rhythm Management.

Known for vagus nerve stimulation therapy systems and a wide range of cardiac rhythm management devices.

Global presence with more than 35 subsidiaries spanning North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Abbott Laboratories:

Established in 1888, headquartered in Illinois, U.S.

Business Segments: Nutritionals Products, Diagnostics Products, Established Pharmaceutical Products, and Vascular Products.

Offers a broad line of coronary, endovascular, vessel closure, and structural heart devices.

Presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa with over 28 subsidiaries.

MEDICO S.P.A.:

Founded in 1973, headquartered in Rubano, Italy.

Specializes in the production of implantable cardiac devices, including pacemakers and leads.

Strong geographical presence in Europe, also expanding into Asia-Pacific, Latin America, and North America.

Shree Pacetronix Ltd.:

Established in 1988, headquartered in Pithampur, Madhya Pradesh, India.

Engaged in the manufacturing and sale of implantable & external cardiac pacemakers and related accessories.

Sole subsidiary: Shree Coratomic Limited.

Osypka Medical, Inc.:

Founded in 1986, headquartered in Berlin, Germany.

Specializes in designing, manufacturing, and sales of cardiac rhythm management products.

Offers hemodynamic monitors, external cardiac pacemakers, and pacing system analyzers.

Lepu Medical Group:

Founded in 1999, headquartered in Beijing, China.

Engaged in high-tech medical device development, production, and sales.

Operates through 7 wholly-owned and joint-stock subsidiary companies, providing cardiac pacemaker products.

Cook Group:

Established in 1963, headquartered in Indiana, U.S.

Diverse business segments, including medical devices through subsidiaries like Cook Medical.

Offers cardiovascular surgical products such as lead extraction devices and products for electrophysiology.

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Conclusion:

As the Cardiac Pacemaker Devices Market continues its upward trajectory, these top 10 companies play a pivotal role in shaping the landscape. Their commitment to innovation, strategic partnerships, and global outreach are key contributors to the industry's growth. For a more in-depth analysis of each company, Meticulous Research®’s comprehensive report provides insights into recent financial performance, key products, strategies, and market trends. Stay tuned as these industry leaders continue to drive advancements in cardiac healthcare, ultimately benefiting patients worldwide.
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Last Updated December 8, 2023