Global Implantable Pulse Generator Market
Implantable pulse generator is defined as a device which is battery-powered and when implanted in the body, it electrically stimulates the nervous system so that different nerve impulses in the body are either stimulated or blocked. This technology is used for various medical conditions such as reducing back pain, hypertension, curing diabetes to stop dosage of insulin taken on a daily basis & obesity. Also, these pulse generators can used in cases where medicines are either showing some side effects or are completely ineffective.
Market Drivers
The increase in prevalence of various medical conditions and diseases is expected to boost the global implantable pulse generator market growth over the forecast period. For instance, according to the World Health Organization around 1.13 billion people across the globe are suffering from hypertension. Furthermore, the increase in approvals from regulatory authorities will positively influence the market growth. For instance, in March 2019, US Food and Drug Administration (U.S. FDA) had approved the optimizer smart implantable pulse generator which delivers cardiac contractility modulation therapy.
Moreover, introduction of new products by key players is expected to drive the global implantable pulse generator market growth during this forecast period. For instance, in September 2020, Boston Scientific had launched WaveWriter Alpha™ portfolio of Spinal Cord Stimulator (SCS) Systems in Europe. The portfolio includes four MRI conditionali, Bluetooth-enabled implantable pulse generators, including rechargeable & non-rechargeable options, and access to waveforms which can cover multiple areas of pain.
Market Restraints
The increase in the requirement of replacement surgeries of these implantable medical devices whether to replace the batteries of whole device after a certain period of time is the major restraining factor which will hamper the growth of global implantable pulse generator market in the forecast period mentioned above.
Market Segmentation
The Global Implantable Pulse Generator Market is segmented into product type such as Single Lumen, and Double Lumen. The increase in demand for single lumen and double lumen implantable pulse generators for the treatment of heart failure and arrhythmias and ongoing clinical trials is a major leading to market growth over the forecast period. Also, the market is segmented into application such as Chronic Arrhythmia, Hypertension, and Diabetes. On the basis of end user market is segmented into end user such as Hospitals and Clinics, Outpatient Centers, and Homecare Settings. Hospitals and Clinics offer superior care to their patients and provide reimbursements during surgeries, thus the hospitals and clinics segment witnessing incredible growth.
Impact of COVID-19 on Market
The COVID-19 outbreak had severely affected patients suffering from heart diseases, diabetes, and hypertension. The spread of novel coronavirus had triggered a humongous economic impact on the healthcare & medical device industry.
Regional Analysis
Global Implantable Pulse Generator Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America is expected to held the largest revenue share in 2019, due to the presence of key players, the increase in elderly population with cardiac problems as well as growing incidences of chronic disorders such as hypertension, diabetes, etc. are further propelling the global implantable pulse generator market growth in the region. In APAC, the market is likely to exhibit lucrative growth throughout the forecast period due to the market penetration by the key players as well as massive untapped opportunities are driving the global implantable pulse generator market growth.
Key Players
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.
Market Taxonomy
By Product Type
By Application
By End User
By Region
Key Questions Addressed by the Report
Global Implantable Pulse Generator Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Implantable Pulse Generator Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Implantable Pulse Generator Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Implantable Pulse Generator Market Share Analysis, By Product Type
5.3 Global Implantable Pulse Generator Market Size and Forecast, By Product Type
5.3.1 Single Lumen
5.3.2. Double Lumen
6 Global Implantable Pulse Generator Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Implantable Pulse Generator Market Share Analysis, By Application
6.3 Global Implantable Pulse Generator Market Size and Forecast, By Application
6.3.1 Chronic Arrhythmia
6.3.2 Hypertension
6.3.3 Diabetes
7 Global Implantable Pulse Generator Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Implantable Pulse Generator Market Share Analysis, By End User
7.3 Global Implantable Pulse Generator Market Size and Forecast, By End User
7.3. 1 Hospitals and Clinics
7.3.2. Outpatient Centers
7.3.3. Homecare Settings
8Global Implantable Pulse Generator Market, By Region
8.1 Global Implantable Pulse Generator Market Share Analysis, By Region
8.2 Global Implantable Pulse Generator Market Share Analysis, By Region
8.3 Global Implantable Pulse Generator Market Size and Forecast, By Region
9 North America Implantable Pulse Generator Market Analysis and Forecast (2020-2030)
9.1 Introduction
9.2 North America Implantable Pulse Generator Market Share Analysis, By Product Type
9.3 North America Implantable Pulse Generator Market Size and Forecast, By Application
9.4 North America Implantable Pulse Generator Market Size and Forecast, By End User
9.5 North America Implantable Pulse Generator Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10EuropeImplantable Pulse Generator Market Analysis and Forecast (2020-2030)
10.1 Introduction
10.2 Europe Implantable Pulse Generator Market Share Analysis, By Product Type
10.3 Europe Implantable Pulse Generator Market Size and Forecast, By Application
10.4 Europe Implantable Pulse Generator Market Size and Forecast, By End User
10.5 Europe Implantable Pulse Generator Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Implantable Pulse Generator Market Analysis and Forecast (2020-2030)
11.1 Introduction
11.2 Asia Pacific Implantable Pulse Generator Market Share Analysis, By Product Type
11.3 Asia Pacific Implantable Pulse Generator Market Size and Forecast, By Application
11.4 Asia Pacific Implantable Pulse Generator Market Size and Forecast, By End User
11.5 Asia Pacific Implantable Pulse Generator Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Implantable Pulse Generator Market Analysis and Forecast (2020-2030)
12.1 Introduction
12.2 Latin America Implantable Pulse Generator Market Share Analysis, By Product Type
12.3 Latin America Implantable Pulse Generator Market Size and Forecast, By Application
12.4 Latin America Implantable Pulse Generator Market Size and Forecast, By End User
12.5 Latin America Implantable Pulse Generator Market Size and Forecast, Country
13Middle East Implantable Pulse Generator Market Analysis and Forecast (2020-2030)
13.1 Introduction
13.2 Middle East Implantable Pulse Generator Market Share Analysis, By Product Type
13.3 Middle East Implantable Pulse Generator Market Size and Forecast, By Application
13.4 Middle East Implantable Pulse Generator Market Size and Forecast, By End User
13.5 Middle East Implantable Pulse Generator Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Boston Scientific Corporation
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Nevro Corporation
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Abbott
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Medtronic
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Dextronix, Inc
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Integer Holdings Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 NeuroSigma, Inc
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Cyberonics, Inc
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Synapse Biomedical
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 St. Jude Medical, Inc
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
