Asia Pacific Pacemakers Market to Reach US$ 2,242.7 Mn at CAGR of 9.2% in 2027

Asia Pacific Pacemakers Market to 2027 - Regional Analysis and Forecasts By Product Type (Implantable Pacemakers, External Pacemakers) By Technology (Single Chambered, Dual Chambered, and Bi-Ventricular), By End User (Hospitals, Ambulatory Surgical Centers, and Others), and Country

Publication Month : Jul 2019

  • Report Code : TIPRE00006297
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 133
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The Asia Pacific pacemaker market is expected to reach US$ 2,242.7 Mn in 2027 from US$ 1,030.5 Mn in 2018. The market is projected to grow with a CAGR of 9.2% from 2019-2027.

The growth in the Asia Pacific is characterized by growing geriatric population, increasing incidences of a cardiovascular, sedentary lifestyle, and high accessibility to advanced technologies, growing development of innovative and technologically advanced products and increasing healthcare expenditure

Growing obesity in this region is also likely to grow cardiovascular diseases. Malaysia has the highest obesity rate of 14 % in the South East Asia region, followed by Thailand with 8.8%. Moreover, the obesity rate in Australia and New Zealand is 26.8% and 28.3 % respectively.  Furthermore, unhealthy diets are leading to overnutrition and obesity.  The impact of fast food is being observed in some countries of the Asia Pacific region. According to UNICEF 2013 report, it estimated that 11 million children under 5 are overweight in the East Asia-Pacific region. Thus, these factors contribute to the growth of cardiovascular diseases and eventually lead to the growth of the pacemaker market.

In addition, during the year 2016 to 2019, various companies have made organic and inorganic growth strategies in the market there are operating. Some of the activities undertaken by the company, which have promoted its growth are product launches, acquisition, and partnership. The organic development strategy has been implemented increasing that have helped the growth of the companies and in turn, have brought about various changes in the market. For instance, in May 2018, Lepu Medical Technology (Beijing) Co Limited, a manufacturer from China, expanded its business into Indian market through an overseas subsidiary company, Lepucare (India) Vascular Solutions. Lepu Medical Technology (Beijing) Co. entered the Indian market through a subsidiary and is likely to explore opportunities for local manufacturing and collaborations.

Japan is expected to witness growth during the forecast owing to the factors such as rise in the geriatric population and product launches by the major market players in Japan is likely to enhance the growth of pacemaker market during the forecast period.

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ASIA PACIFIC PACEMAKER MARKET– MARKET SEGMENTATION

Asia Pacific Pacemaker market – By Product Type

  • Implantable Pacemakers
  • External Pacemakers

Asia Pacific Pacemaker market – By Technology

  • Single Chambered
  • Dual Chambered
  • Bi-Ventricular

Asia Pacific Pacemaker market – By End User

  • Hospitals & Clinics
  • Ambulatory Surgery Centers
  • Homecares

By Geography

•   Asia Pacific

  • India
  • China
  • Japan
  • Australia
  • South Korea

Company Profiles

  • Medtronic
  • Abbott
  • BIOTRONIK
  • LivaNova Plc.
  • Boston Scientific Corporation
  • Lepu Medical
  • MEDICO S.p.A.
  • Vitatron Holding B.V.
  • OSCOR Inc
  • Pacetronix
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type By Technology, By End User, and Country

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, China, Japan, South Korea

The List of Companies

  1. Medtronic
  2. Abbott
  3. BIOTRONIK
  4. LivaNova Plc.
  5. Boston Scientific Corporation
  6. Lepu Medical
  7. MEDICO S.p.A.
  8. Vitatron Holding B.V.
  9. OSCOR Inc
  10. Pacetronix

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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