The Europe pacemaker market is expected to reach US$ 2,408.5 Mn in 2027 from US$ 1,248.7 Mn in 2018. The market is projected to grow with a CAGR of 7.7% from 2019-2027.
The growth in Europe is characterized by increasing prevalences of cardiovascular diseases, rapid technology advancements in Europe, and the growing healthcare market.
Cardiovascular diseases are associated with factors like eating habits, exercising, and smoking. Genetic makeup is also responsible for cardiovascular disease. Low birth weight is associated with developing coronary heart disease, stroke, and high blood pressure. Obese people are at higher risk of developing cardiovascular diseases as obesity is associated with hypertension and low concentrations of HDL cholesterol. As per the European Cardiovascular Disease Statistics 2017, 3.9 million deaths in Europe are due to CVDs. Furthermore, it has also mentioned that cardiovascular diseases account for 45% of all deaths in Europe and 37% of all deaths in the European Union. Moreover, according to the Fact Sheet on Tobacco and Oral Health (2018), Europe has the highest prevalence of tobacco smoking among adults (28%). It also mentioned that the WHO European Region is one of the regions having a large number of deaths due to tobacco use. Thus, such a high prevalence of cardiovascular diseases in Europe is anticipated to lead the market growth in the coming years.
In addition, during the year 2016 to 2019, various companies have made organic and inorganic growth strategies in the market there are operating. Some of the activities undertaken by the company, which have promoted its growth are product launches, acquisition, and partnership. The organic development strategy has been implemented widely that have helped the growth of the companies and in turn, have brought about various changes in the market. For instance, in June 2017, BIOTRONIK introduced its pacemaker series featuring BIOTRONIK’s MRI AutoDetect technology. The Edora series with MRI AutoDetect minimizes programming burdens that ensure patient safety during MR imaging.
The France pacemakers market is expected to grow at the highest rate during the forecast period. The growth of this market is primarily driven by increasing prevalence of cardiovascular diseases, increasing number of pacemaker implantation, the rising advent of electronic implantable devices, and the introduction of novel heart rhythm management solutions.
EUROPE PACEMAKER MARKET– MARKET SEGMENTATION
Europe Pacemaker market – By Product Type
Europe Pacemaker market – By Technology
Europe Pacemaker market – By End User
By Geography
• Europe
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 1,248.7 Million |
| Market Size by 2027 | US$ 2,408.5 Million |
| CAGR (2019 - 2027) | 7.7% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Pacemakers Market is valued at US$ 1,248.7 Million in 2018, it is projected to reach US$ 2,408.5 Million by 2027.
As per our report Europe Pacemakers Market, the market size is valued at US$ 1,248.7 Million in 2018, projecting it to reach US$ 2,408.5 Million by 2027. This translates to a CAGR of approximately 7.7% during the forecast period.
The Europe Pacemakers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Pacemakers Market report:
The Europe Pacemakers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Pacemakers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Pacemakers Market value chain can benefit from the information contained in a comprehensive market report.
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