LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global cardiac pacemakers market is expected to grow at a CAGR of almost 13% during the forecast period.

This research report titled ‘Global Cardiac Pacemakers Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

In 2016, the Americas dominated the global cardiac pacemakers market, accounting for the largest share, followed by EMEA and APAC. However, APAC is expected to grow at the fastest growth rate as the regional manufacturers in APAC are offering low-cost products. This is encouraging the global vendors like Boston Scientific, BIOTRONIK, Medtronic, and Abbott's subsidiary St. Jude Medical to lower their products prices in this region. Also, the demand for these products are more than supply with high unmet medical needs in most of developing countries such as India, Bangladesh, Sri Lanka, Malaysia, China, Thailand, Singapore, and South Korea.
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Technavio’s healthcare and life sciences research analysts categorize the global cardiac pacemakers market into the following segments by technology. They are:

Single-chamber cardiac pacemakers
Dual-chamber cardiac pacemakers
Bi-ventricular cardiac pacemakers
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Single-chamber cardiac pacemakers

Pacemakers are used to treat cardiac-related medical conditions powered by a battery. The device sends an electrical signal to the heart to make it pump at an adequate pace. Pacemakers are placed beneath the individual's collarbone typically in the right ventricle or atrium connected to the heart with the help of leads or wires. When one lead or wire is placed within the lower chamber of the heart, it is known as the single-chamber pacemaker.

According to Neha Noopur, a lead cardiovascular devices research analyst from Technavio, “The single-chamber pacemakers are commonly used in the management of bradycardias and chronic atrial fibrillation. It is a relatively simple procedure as the only single lead is implanted with a smaller generator. The time required to perform this procedure is short with fewer complications.”

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