Leadless Pacing Systems Market In-Depth Analysis 2017-2025

Global Market Study
on Leadless Pacing
Systems: Atrial
Fibrillation to Remain Most Attractive Application Segment During
2017 – 2025
According to the latest market report published by Persistence Market Research
titled ‘Leadless Pacing Systems Market: Global Industry Analysis (2012 –
2016) & Forecast (2017 – 2025),’ the market is poised to expand at a CAGR of
10.0% in terms of value over the forecast period (2017–2025). The overall
market is anticipated to grow 2.15x in terms of value over the forecast period of
2017–2025. Certain factors such as rise in the number of eligible patients,
increasing reimbursement scenario, rising disposable income, preference for
new technology, growing geriatric population, rising number of cardiovascular
diseases and increasing number of medical insurers is expected to support
market growth over the forecast period. Revenue growth is also supported by
several technological benefits of leadless pacing systems over traditional
pacemaker systems. The report analyzes the leadless pacing systems market in
terms of value (US$ Mn) by application type, end user and region. The report
also provides information regarding market dynamics, macro-economic factors,
opportunity analysis, pricing analysis, regulations, competitive landscape,
regional volume analysis, current trends, market estimation and forecast,
technology assessment and major deals in the leadless pacing systems market.
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The global leadless pacing systems market is expected to exceed US$ 63.5 Mn
by 2025, attesting the highest growth of the atrial fibrillation application
segment, which is expected to expand at 10.1% CAGR over the forecast period.
Atrial fibrillation segment will dominate the market in terms of value. In the
end user segment, hospitals represent more than 85% of the market share.
In terms of value, the North America regional market holds the highest share in
the global market followed by Europe. This is because of higher demand in
these regions, product affordability and a favorable reimbursement scenario.
Middle East & Africa represents a significant market share in the global
leadless pacing systems market given the historical acceptance in the number of
procedures for leadless pacing technology over traditional pacemakers. In terms
of growth rate, Europe leads with a CAGR of 11.2% followed by Asia Pacific
with an increasing product acceptance. Latin America is anticipated to have the
least market size over the forecast period. The global market for leadless pacing
systems is anticipated to expand at a significant growth rate over the forecast
period providing good growth opportunities for market players.
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Key Research Findings
• Demand for leadless pacing systems is anticipated to remain high through
2025, registering a CAGR of 10.0% over the forecast period owing to the
rising number of cardiovascular diseases and increasing pacemaker
implant rate
• Due to the technical advantages of leadless pacing systems, this product
segment is anticipated to absorb significant market size in the single
chamber ventricular pacing systems market
• The higher pricing of leadless pacing systems than normal pacemakers is
a major limiting factor in the leadless pacing systems market
• There are only two companies with their products commercially approved
by regulatory bodies while some other companies have their products still
in the development phase. Medtronic plc. is the only company with FDA
approval
• Acquisitions, mergers, expansions, product approvals, product launches
and adoption of new technologies are the key strategies adopted by
manufacturers and integrators for technology transfer and to increase
consumer base in different geographies
• North America is anticipated to remain the largest consumer base for
leadless pacing systems owing to a higher acceptance rate and a favorable
reimbursement scenario
• Several opportunities are available for companies to improve their
product penetration such as development of dual chamber and multi
chamber pacing, providing professional education & training, distribution
reach etc.
Key Players
The report profiles some of the leading players operating in the global leadless
pacing systems market such as Abbott Laboratories and Medtronic plc. Boston
Scientific Corporation and Biotronik are still in the development phase for
leadless pacing systems.
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