Cardiac Implantable Electronic Device Market

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CARDIAC IMPLANTABLE ELECTRONIC DEVICE MARKET
ANALYSIS

• Cardiac Implantable Electronic Device Market, By
  Type (Implantable Pacemakers and External
  Pacemakers), By End User (Hospitals, Specialty
  Clinics, and Ambulatory Care Settings), and By
  Region (North America, Latin America, Europe,
  Asia Pacific, Middle East, and Africa) - Size,
  Share, Outlook, and Opportunity Analysis, 2020 -
  2027

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• Impact of Coronavirus (Covid-19) Pandemic
• During this COVID-19 pandemic situation, the
  global cardiac implantable electronic device
  market has caused an influx of patients in
  hospitals and acute care facilities. As a result,
  any procedure or service is being shut down
  immediately. Many hospitals have already
  categorized cardiac implantable device as
  non-essential. Patients with cardiovascular
  disease are at high risk of being affected by
  COVID-19 infection, which can lead to death.  
• The global cardiac implantable electronic device
  market is estimated to be valued at US 22,576.22
  million in 2020 and is expected to exhibit a CAGR
  of 7.7 during the forecast period (2020-2027).

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Figure 1 Global Cardiac Implantable Electronic
Device Market Share () Analysis, By Type, 2020
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• Global Cardiac Implantable Electronic Device
  Market - Restraints
• However, implantable pacemaker associated
  infections in cardiac patients can deter patients
  from using this product, which is expected to
  negatively impact growth of the market.

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• Cardiac Implantable Electronic Device Market
  Regional Analysis
• North America accounted for the largest share in
  the global cardiac implantable electronic device
  market in 2019, owing to increasing prevalence of
  cardiovascular diseases in the region. According
  to the American Heart Association (AHA), 2017,
  around 92.1 million adults in the U.S. are
  suffering from some form of cardiovascular
  disease or the after-effects of stroke.
• Furthermore, Asia Pacific is also expected to
  witness significant growth in the global cardiac
  implantable electronic device market, owing to
  high demand for technologically advanced products
  for cardiac rhythm management and rising
  healthcare concern for stroke prevention
  associated with atrial fibrillation. According to
  the Japanese Heart Rhythm Society in 2017, the
  Asian population with atrial fibrillation (AF) is
  estimated to reach 72 million by 2050, of which
  2.9 million may suffer from AF-associated
  strokes.

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Figure 2 Global Cardiac Implantable Electronic
Device Market Value (US Mn) Y-o-Y Growth (),
2017-2027
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• Competitive Landscape
• Key players operating in the global cardiac
  implantable electronic device market include
  Medtronic plc., Biotronik, Boston Scientific
  Corporation, Shree Pacetronix Ltd., CCC Medical
  Devices, Cook Group Incorporated, Braile
  Biomédica, Abbott Laboratories, Sorin Group,
  Osypka Medical GmbH, Galix Biomedical
  Instrumentation Inc., and Oscor Inc..

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