A pacemaker is a small medical device mostly placed in the chest area just under the collarbone. This device helps to regulate or start a slow heartbeat by sending electrical signals. A pacemaker can be used when the SA node (natural pacemaker) is unable to work properly resulting in slow or decrease in heart rate or rhythm. An implantable cardioverter defibrillator (ICD) is a similar looking medical device to a pacemaker. It is slightly larger than pacemaker. However, the implantable cardioverter defibrillator can send or provide a low-energy shock that helps to normalize the abnormal heartbeat. ICD can send a high-energy shock in case of severe cardiac disorders such as arrhythmia.
The global pacemakers and implantable cardioverter defibrillators (ICDs) market is expected to grow at a rapid pace due to rise in incidence of cardiovascular diseases, increase in population, and surge in the global geriatric population. The Pacemakers and Implantable Cardioverter Defibrillators (ICDs) Market is expected to witness strong growth in countries such as India, China, Brazil, and other emerging countries.
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The global pacemakers and implantable cardioverter defibrillators (ICDs) market can be segmented based on product type, application, end-user, and region. In terms of product type, the Pacemakers and Implantable Cardioverter Defibrillators (ICDs) Market can be categorized into pacemakers (single chamber implantable pacemakers, dual chamber implantable pacemakers, and biventricular pacemakers) and implantable cardioverter defibrillators (single chamber ICDs, dual chamber ICDs, and biventricular ICDs).
Key players operating in the global pacemakers and implantable cardioverter defibrillators (ICDs) market are Medtronic, Boston Scientific, ZOLL Medical Corp., Asahi Kasei Corp., Nihon Kohden Corp., Shree Pacetronix Ltd., St. Jude Medical, Inc., BIOTRONIK SE & Co. KG, EBR Systems, Inc., MEDICO S.p.A., Osypka Medical GmbH, and Physio-Control Corp., among others. These players have adopted various strategies such as collaborations, partnerships, agreements, and new product launches to gain competitive advantage in the market.