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 (

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

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.

The pacemaker is a small electric device that is designed to aid in controlling the heartbeat by sending electric impulses 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 pacemakers in the country.

The rising cases of arrhythmia every now and then among the population is driving the pacemaker market in the country. Additionally, the pacemaker market holds a great demand from hospitals and healthcare facilities as most cases of heart ailments and cardiac disease are observed and treated in hospital facilities to provide maximum assistance to their patients.

Rising cases of cardiovascular disease and ailment associated with it

In India, according to the report published by NCBI, CVDs such as Ischemic heart disease and cerebrovascular such as stroke account for 17.7 million deaths and serve as the leading cause of death in the country. Within India, the rate of cardiovascular diseases varies markedly, with the highest rate in states such as Kerala, Punjab, and Tamil Nadu. Conventional risk factors such as hypertension, diabetes mellitus, smoking, and obesity are believed to be associated with the increased prevalence of cardiovascular diseases in India.

Growing geriatric population and rising incidences of cardiac ailments among them. The elderly population has abnormalities in impulse generation and conduction as a common case which leads to arrhythmia creating major demand for pacemakers in the country. Pacemaker use is higher in older people, with an approximation of 70-80% of all pacemakers implanted in individuals 65 years or above age. According to a study, the hemodynamic changes of aging include a reduction of ventricular compliance and increased contribution of ventricular filling. Hence pacemakers that maintain synchrony between atria and ventricles may be advantageous for the geriatric population.

Technological advancement aids pacemaker market growth.

With technologically advanced and updated features, Implantable pacemakers are causing more traction in the pacemaker market as they are equipped with many new features for better assistance. Features such as a 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, any time of the day.

New technological antimicrobial pouches have been 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. The COVID-19 surge has caused a lot of disruption in the healthcare system and facilities in the world, including the Indian healthcare system. Many hospital clinics and cardiac centers were occupied during the pandemic times due to the unavailability of space and capacity for COVID -19 patients, thereby interrupting cardiac care and postponing scheduled non-emergent surgeries across India. COVID-19 has increased the susceptibility of patients with cardiovascular disease conditions, thereby supporting 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 arrhythmias, 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.

Report Scope:

In this report, India Pacemaker Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

• India Pacemaker Market, By Type:
• Implantable
• External
• India Pacemaker Market, By Technology:
• Dual Chamber
• Single Chamber
• Biventricular Chamber
• India Pacemaker Market, By Product Type:
• MRI Compatible
• Conventional
• India Pacemaker Market, By Application:
• Arrhythmias
• Congestive Heart Failure
• Others
• India Pacemaker Market, By End User:
• Hospitals
• Cardiac Care Centers
• Ambulatory Surgical Centers
• India Pacemaker Market, By Region:
• South
• North
• West
• East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Pacemaker Market.

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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