Artificial Intelligence is fastest growing segment fueling the growth of Brazil Cardiac Pacemakers Market

 

Brazil Cardiac Pacemakers Market 

The global Brazil Cardiac Pacemakers Market is estimated to be valued at US$ 319.82 Mn in 2023 and is expected to exhibit a CAGR of 2.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Overview:

Cardiac pacemakers are electronic medical devices that are implanted in patients with bradyarrhythmias, which refers to slow or irregular heartbeat. They help regulate the heart's rhythm and rate by sending electrical impulses to the heart. The implant helps improve symptoms, increase survival rates and quality of life for patients.

 

Market key trends:

One of the key trends in the Brazil cardiac pacemakers market is the growing demand for multi-programmable and multi-chambered pacemakers. This is because they offer more treatment options and better management of complex heart conditions compared to single-chamber pacemakers. Additionally, multi-chambered pacemakers can be programmed according to the patient's needs, allowing physicians to adjust the pacing therapy over time without requiring replacement of the device. Their reprogramming capability addresses the progression of underlying heart disease more effectively.

Segment Analysis

 

The Brazil cardiac pacemakers market is segmented into implantable and external pacemakers. The implantable pacemakers segment dominated the market in 2022, accounting for around 80% share. Implantable pacemakers are widely used due to advantages such as long lifespan, reliability, and ability to continuously monitor heartbeats. External pacemakers are primarily used on a temporary basis for emergency situations or testing.

 

Key Takeaways

The Brazil Cardiac Pacemakers Market Size is expected to witness high growth, exhibiting a CAGR of 2.4% over the forecast period, due to increasing prevalence of cardiovascular diseases.

 

Regional analysis

 

The Southeast region dominates the Brazil cardiac pacemakers market, accounting for nearly 30% of the total share. This is attributed to growing geriatric population, improving healthcare infrastructure, and increasing focus on cardiac disorders. The South region also has a significant share owing to presence of leading manufacturers and rising medical tourism.

 

Key players

 

Key players operating in the Brazil cardiac pacemakers market are BIOTRONIK SE & Co.KG, Medtronic plc., Boston Scientific Corporation, Abbott Laboratories, LivaNova plc., Osypka Medical GmbH, and MEDICO S.p.A. Medtronic and Boston Scientific together account for over 50% share due to their diverse product portfolio and strong distribution network across the country.

Read more

https://www.dailyprbulletin.com/brazil-cardiac-pacemakers-market-size-share-growth-outlook-2023/

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