The global market for leadless pacing systems is expected to grow alongside the escalating demand for better devices and equipment in the domain of cardiology. A report by TMR Research titled “Leadless Pacing Systems Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” gives a holistic view of the market. Cardiac pacemakers are used to regulate the contractions of the heart muscle by stimulating the muscle. Hence, they play an important role for the treatment and recovery of patients suffering from heart diseases or cardiac arrests. Leadless pacing system is a type of pacemaker that offers extra utility during treatments by eliminating the possibility of complications. The absence of lead is the main reason behind the success of these pacing systems, and hence, they are in great demand across the healthcare industry.
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In recent times, patients have become increasingly inclined towards minimally invasive treatment, thus, bringing leading pacing systems under the spotlight of attention. Furthermore, the rising geriatric population and the escalating disposable income of the masses have collectively given a boost to the demand within the global market for leadless pacing systems. Furthermore, the number of patients suffering from cardiac disorders has also increased in recent times, which has also proved to be beneficial for the global market. Despite these pros for the global market, the high cost of manufacturing of leadless pacing systems results in high prices of these systems. This makes it difficult for several hospitals and healthcare centers to afford these devices. Furthermore, the limited expertise of the manufacturers of leadless pacing systems also places a negative toll on the market.
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Some of the key players in the global market for leadless packaging systems are Medtronic plc., Abbott Laboratories, Biotronik, and Boston Scientific Corporation.