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.
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.
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.
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.
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.
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.
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