Implantable Pulse Generators Market is anticipated to gain market growth in the forecast period of 2020 to 2027. Qualiket Research analyses the market to grow at a CAGR of 9.78% in the above-mentioned forecast period.
The Global Implantable Pulse Generator Market Size, Trends & Growth Opportunity, By Product Type (Single Lumen, and Double Lumen), By Application (Chronic Arrhythmia, Hypertension, and Diabetes), By End User (Hospitals and Clinics, Outpatient Centers, and Homecare Settings), By Region and Forecast till 2027.
Key players undertook various strategic initiatives like product launch, partnership, and mergers & acquisitions to gain penetration. Some of the prominent players in the global implantable pulse generator market include: Boston Scientific Corporation, Nevro Corporation, Abbott, Medtronic, Dextronix, Inc., Integer Holdings Corporation, NeuroSigma, Inc., Cyberonics, Inc., Synapse Biomedical, Inc., St. Jude Medical, Inc., etc.
The increase in rate of chronic diseases all over the globe drives the implantable pulse generators market.
The increase in burden of chronic diseases like hypertension, cardiovascular diseases, and diabetes are the primary reasons for deaths across the globe. For instance, as per the information provided by the WHO (World health Organization) around 17.9 million people die due to cardiovascular diseases across the globe, each year. Furthermore, the increase in geriatric population across the globe will positively influence the market growth. Moreover, government and profit/non-profit organizations are investing immensely in the development of smart implantable pulse generator to augment their position in the market.
The Global Implantable Pulse Generator Market is segmented into North America, Asia-Pacific, Europe, Middle-East & Africa and Latin America. The increase in adoption of technological development in North America is expected to gain a huge momentum of growth. Also, APAC is expected to grow at a fastest rate during the analysis time-frame.
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