Leadless Cardiac Pacemaker Market - Growth, Trends, and Forecasts (2020 - 2025)

The Leadless Cardiac Pacemaker Market is segmented by Product (Micra Transcatheter Pacing System, Nanostim Leadless Pacemaker and Others), End User and Geography.

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

Largest Market:

North America

CAGR:

10 %

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Market Overview

Leadless cardiac pacemakers are medical devices that are used for the treatment of patients who are suffering from heart-related disorders, like arrhythmias. These pacemakers are expected to transform the cardiac rhythm management (CRM) market in the coming years with their potential to reduce complications and shorter recovery times.

  • The major factors driving the leadless pacemakers (LCP) market are aging population, growing burden of cardiovascular diseases, and technological advancements.
  • In addition, other important factors, like avoidance of lead-related complications, such as infection and disfigurement, and technological advancements add advantages to the leadless pacemakers in the market. They are retrievable for a longer time interval post-implantation, which is expected to create substantial opportunities in the market.

Scope of the Report

A pacemaker is a small medical device that uses electrical impulses, synthetically produced by its electrodes, to regulate the heart beat at a normal rate. It is usually recommended for certain heart conditions, like arrhythmia, tachycardia, and heart block. Leadless cardiac pacemaker is designed to achieve the same pacing results, but the process for implanting is different from the standard pacemakers. For a standard pacemaker, a surgical pocket is created to implant the pacemaker, and leads are then attached to the pacemaker. Leads are thin, soft, and insulated wires that carry the electrical impulse from the pacemaker to the heart and regulate the pace of the heart. However, a leadless pacemaker does not require any surgical pocket or leads.

By Product
Micra Transcatheter Pacing System
Nanostim Leadless Pacemaker
Others
By End User
Hospitals
Ambulatory Surgical Centers
Geography
North America
Europe
Asia-Pacific
Rest of the World

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Key Market Trends

Micra Transcatheter Pacing System is Expected to Witness Rapid Growth During the Forecast Period

In Leadless Cardiac Pacemaker Market, Nanostim and Micra TPS are key innovations. Both the devices are single-chamber pacemakers placed directly into the heart with a steerable catheter through the femoral vein. The procedure times with the Micra and Nanostim devices are shorter (lasting from 30 to 45 minutes), than those with the traditional pacemakers. They are self-contained intracardiac devices that include pacemaker electronics, battery, and leads. Both devices can be implanted in the same minimally invasive setting as some traditional pacemakers. Leadless pacemakers are expected to expand their market share rapidly, by displacing traditional cardiac pacemakers, during the forecast period. Micra transcatheter pacing system is in high demand due to rising burden of cardiovascular diseases, minimal post-implantation complications, and easy retrieval, which is expected to fuel the market. However, Abbott recalled its leadless pacemakers from the market following reports of sudden battery depletion. Moreover, in November 2017, Abbott issued a halt on implantations of Nanostim pacemakers, citing docking button issues, which continued till March 2018 but after fixing the issue, the company is working to relaunch the product.

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North America is Expected to Dominate the Leadless Cardiac Pacemaker Market

The North American region is expected to dominate the leadless cardiac pacemaker market, due to the high prevalence of cardiovascular diseases, high adoption rates of leadless pacemakers, and availability of reimbursements. furthermore, owing to increasing number of patients suffering from atrial fibrillation and presence of major players in the region is also expected to propel the market growth, over the forecast period.

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Competitive Landscape

Medical device companies actively participating in the leadless cardiac pacemakers market are Medtronic, EBR Systems Inc, Abbott Laboratories and Boston Scientific Corporation. As of 2019, the leadless pacemaker systems commercially available in the market, having slightly different sizes and implantation requirements, which are Nanostim (Abbott Laboratories) and Micra (Medtronic PLC) and WiSE CRT system (EBR Systems Inc.). However, Boston Scientific, one of the leading pacemaker manufacturers, has been developing its own leadless pacemaker system.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Geriatric Population

      2. 4.2.2 Growing Burden of Cardiovascular Diseases

      3. 4.2.3 Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Reimbursement Issues

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Micra Transcatheter Pacing System

      2. 5.1.2 Nanostim Leadless Pacemaker

      3. 5.1.3 Others

    2. 5.2 By End User

      1. 5.2.1 Hospitals

      2. 5.2.2 Ambulatory Surgical Centers

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 Medtronic PLC

      3. 6.1.3 EBR Systems Inc.

      4. 6.1.4 Boston Scientific Corporation

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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