Global Cardiac Pacemaker Market is Expected to Grow at CAGR Of 7.9% By 2022
The global cardiac pacemaker market has been evaluated to be steadily growing and is expected to continue this growth in the future as well. Cardiac pacemaker are artificial heart rhythm management device which regularizes heartbeats by sending electrical impulses to the heart. External pacemakers are temporary pacing devices which are used during a cardiac surgery to maintain normal heart rhythm. External pacemakers require a fully equipped clinical facility as they are not placed inside the skin. On the other hand, implantable pacemakers are placed inside the skin on the left side of the chest of the patient. The normal life of an implantable pacemaker device is said to be 10 years. The average cost of the device is around $10000 in U.S. However, due to favorable health reimbursement policies of the government, people can now afford to undergo implantation procedure which is contributing to the growth of the cardiac pacemaker market. Among implantable and external pacemaker, implantable cardiac pacemakers are the most preferred pacemakers by physicians. Their market is vast as compared to external pacemaker.
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