Cardiac arrest: Pacemaker manufacturers have faced intense price pressures from GPOs

IBISWorld’s Pacemaker Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


Industry Threats & Opportunities

  • The aging population and rising access to healthcare will spur demand for pacemakers over the next five years
  • The industry has been negatively impacted by reforms of the PPACA
  • The aging population will drive demand for new pacemaker implants

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    Industry Analysis & Industry Trends

    As a highly competitive, high-margin industry that produces largely nondiscretionary products, the Pacemaker Manufacturing industry has experienced downstream demand growth, as an aging population, the expansion of healthcare coverage and technological advances bolstered market growth. However, pacemaker manufacturers have faced intense price pressures from group purchasing organizations (GPOs), which have leveraged their large scale to negotiate lower pacemaker prices for major purchasers like hospitals. As a result, industry revenue has declined over the past five years...

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    Industry Report - Industry SWOT Analysis Chapter

    Although demand for pacemakers worldwide is increasing, the domestic Pacemaker Manufacturing industry is in the declining phase of its life cycle. This is characterized by the industry's shrinking share of the domestic market, as well as a decline in the number of operators and establishments. From 2011 to 2021, industry value added, which measures an industry's contribution to GDP, is expected to decline at an annualized rate of 3.3% per year. In comparison, GDP is expected to grow at an average annual rate of 2.1% over the same period.

    Despite the fact that the population has skewed older (incidences of disease and disorder increase with age), the industry has been pressured by a host of factors. Ris..

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    Additional Insights for the Pacemaker Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pacemaker Manufacturing Industry are

  • Access to highly skilled workforce
  • Access to the latest technology
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Number of physician visits and Number of adults aged 65 and older in the Pacemaker Manufacturing industry impact industry performance..

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    Industry Products

    What is the Pacemaker Manufacturing Industry?

    This industry manufactures medical devices that use electric pulses to regulate a person’s heartbeat.

    Industry Products
    Single-chamber atrial pacemakers
    Single-lead, atrial-sensing ventricular pacemakers
    Single-chamber ventricular pacemaker
    Dual chamber pacemakers
    Industry Activities
    Fabricating dual chamber pacemakers
    Fabricating single-chamber ventricular pacemakers
    Fabricating single-lead, atrial-sensing ventricular pacemakers
    Fabricating single-chamber atrial pacemakers
    Researching and developing new pacemakers
    Marketing and distributing pacemakers

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of physician visits
  • Number of adults aged 65 and older
  • Total health expenditure
  • Federal funding for Medicare and Medicaid
  • Trade-weighted index

  • Current Performance
  • Rising domestic demand and product innovation
  • Price pressures and regulatory impediments
  • Import penetration and consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Aging population
  • Effects of legislation
  • Regulation and consolidation
  • Downstream pressures continued
  • Table: Pacemaker Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pacemaker Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Medical Supplies Wholesaling
  • Specialist Doctors
  • Emergency & Other Outpatient Care Centers
  • Hospitals

  • Key Selling Industries
  • Battery Manufacturing
  • Electrical Equipment Manufacturing
  • Wire & Spring Manufacturing

  • Products & Services
  • Dual chamber pacemakers
  • Single-chamber ventricular pacemaker
  • Single-lead, atrial-sensing ventricular pacemakers
  • Single-chamber atrial pacemakers
  • Chart: Pacemaker Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Patients with atrioventricular blocks
  • Patients with sick sinus syndrome
  • Patients with atrial fibrillation and bradycardia
  • Patients with bundle branch blocks
  • Chart: Major Market Segmentation for the Pacemaker Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Pacemaker Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pacemaker Manufacturing Industry

  • Industry Globalization
    Major Companies
    Medtronic PLCSt. Jude MedicalBoston Scientific Corporation
  • Table: Medtronic PLC - financial performance
  • Table: St. Jude Medical - financial performance
  • Table: Boston Scientific Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Pacemaker Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Pacemaker Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Number of adults aged 65 and older (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Single-Chamber Atrial Pacemakers (Scaps)
  • SCAPs typically only have one lead implanted and are generally indicated for patients with chronic atrial fibrillation with concomitant symptomatic bradycardia.
  • Dual Chamber Pacemakers (Dcps)
  • DCPS are used to treat symptomatic bradycardia in people with sick sinus syndrome, atrioventricular block, or both.
  • Group Purchasing Organization (Gpo)
  • An entity that is created to leverage the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members.
  • Single-Chamber Ventricular Pacemakers (Scvps)
  • SCVPs involve the implantation of the pacemaker in the patient's right ventricle. Typically, SCVPs are dispensed to patients that do not require the maintenance of atrioventricular synchrony.
  • Single-Lead, Atrial-Sensing Ventricular Pacemakers
  • Traditionally, SAVPs have featured two leads, which are wires that carry the electric pulse from the pacemaker to the heart. SAVPs are used to treat patients that need to limit the number of leads.
  • Why buy this report?

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    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Pacemaker Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Pacemaker Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Pacemaker Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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