Jun 26, 2019 (AB Digital via COMTEX) -- The global Pacemaker Market is anticipated to grow at CAGR of 6.5% over the forecast period of 2018-2023, as per the latest study report by Market Research Future (MRFR).
Increase in global geriatric population is also creating a conducive environment for the growth of the pacemaker market.
As per a 2018 study published in the Aging Medicine, there is 5 to 9% chance of occurrence of atrial fibrillation in patients between the age of 60-80 years and nearly 10% in patients aged over 80 years.
Pacemakers regularizing heart rhythm by sending electric pulses to the heart and help in restoring cardiac activity, can also be helpful in relieving some arrhythmia symptoms, such as fatigue and fainting.
However, the approval and marketing if pacemakers are regulated by the US FDA which are stringent considering the degree of risk they pose to patients.
Other factors aiding the growth of the market include an elevated level of awareness regarding cardiovascular diseases, improvement in reimbursement scenario, and high healthcare expenditure across the globe.
Pacemaker Market Analysis By Product Type, Application, Implant Approach, Key Players and Regional Outlook, Forecast To 2023
Pune, India – July 16, 2019 —
The global Pacemaker Market size estimated to grow at a CAGR of 6.5% by the end of 2023 Predicted by Market Research Future (MRFR).
The surge in cardiovascular cases is observed as major cause to spur the pacemaker market growth.
Additionally, the growing geriatric citizenry and high prevalence of genetic disorders are also prompting cardiac disorders.
Moreover, hike in medical expenses and existence of strong reimbursement policies are other factor that can shoot up the growth curve of the pacemaker market share over the review period.
