Product Code: ETC107987 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia cardiac pacemakers market is expected to witness healthy growth over the forecast period owing to increasing prevalence of cardiovascular diseases in the country. Moreover, expanding geriatric population base and rising awareness among people regarding treatment of these life-threatening illnesses are some other factors driving market growth. Additionally, technological advancements such as introduction of wireless pacemakers will further drive demand in this space during forecast period.
The trend towards miniaturization and implantation has been gaining traction with more research being done on wireless technologies which are helping patients stay connected with their doctors even after they have left the hospital premises. Additionally, shift towards biventricular pacing systems from single chamber pacing systems has been observed in recent years as per preference from healthcare professionals across Indonesia. As a result, manufacturers are focusing on providing technologically advanced products that offer better patient outcomes at lower costs. Furthermore, companies are also launching innovative disposable leads for easier handling by medical personnel giving them an edge over competitors in long run.
Increasing cases of cardiac conditions coupled with rising elderly population represent major opportunities for growth within Indonesia cardiology devices sector. Growing awareness about various treatments available amongst consumers alongwith Government initiatives for providing quality healthcare services further contribute positively towards market expansion. In addition, presence of large pool of affordable skilled labors makes manufacturing process economical ultimately allowing companies to provide cost effective solutions to consumers resulting into higher customer satisfaction rates thus driving industry forward. Lastly , emergence new technologies like 3D printing that help reduce device size & weight while maintaining same level performance act as key driver contributing significantly toward overall industry development.
The coronavirus pandemic has had a profound impact on Indonesia cardiac pacemakers market as a result of the countrywide lockdown and disruption in medical facilities. The demand for pacemakers dropped significantly due to the nation?s economic crisis, resulting in reduced disposable incomes among citizens. The political instability caused by the implementation of new restrictions also affected the demand for these products. Furthermore, wider adoption of telemedicine services during this period led to decreased patient visits to hospitals or clinics, further reducing the overall demand for these devices.
One of the major challenges facing cardiologists is access to quality healthcare resources such as skilled personnel and adequate infrastructure/equipment needed for successful procedures involving implantation or replacement of pacemakers. In addition, limited availability of advanced diagnostic tools and awareness about cardiovascular diseases are some factors hindering growth in this sector in Indonesia. Moreover, there are significant financial constraints involved with procuring high-end models which often leads customers towards cheaper alternatives but with compromised features or lower performance potentials resulting in poor outcomes at times.
The leading players operating within Indonesia cardiac pacemakers market include Medtronic Inc., Siemens Healthineers AG, Boston Scientific Corporation, Biotronik SE & Co KG., Abbott Laboratories (St Jude Medical), LivaNova PLC (Sorin Group) and Cochlear Ltd., among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Cardiac pacemakers Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Cardiac pacemakers Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Cardiac pacemakers Market - Industry Life Cycle |
3.4 Indonesia Cardiac pacemakers Market - Porter's Five Forces |
3.5 Indonesia Cardiac pacemakers Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Indonesia Cardiac pacemakers Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Indonesia Cardiac pacemakers Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Indonesia Cardiac pacemakers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Cardiac pacemakers Market Trends |
6 Indonesia Cardiac pacemakers Market, By Types |
6.1 Indonesia Cardiac pacemakers Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Cardiac pacemakers Market Revenues & Volume, By Product, 2018 - 2031F |
6.1.3 Indonesia Cardiac pacemakers Market Revenues & Volume, By External cardiac pacemaker, 2018 - 2031F |
6.1.4 Indonesia Cardiac pacemakers Market Revenues & Volume, By Implantable cardiac pacemaker, 2018 - 2031F |
6.2 Indonesia Cardiac pacemakers Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Cardiac pacemakers Market Revenues & Volume, By Biventricular, 2018 - 2031F |
6.2.3 Indonesia Cardiac pacemakers Market Revenues & Volume, By Single chambered, 2018 - 2031F |
6.2.4 Indonesia Cardiac pacemakers Market Revenues & Volume, By Dual chambered, 2018 - 2031F |
6.3 Indonesia Cardiac pacemakers Market, By End-user |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Cardiac pacemakers Market Revenues & Volume, By Clinics and Hospitals, 2018 - 2031F |
6.3.3 Indonesia Cardiac pacemakers Market Revenues & Volume, By Ambulatory Surgical Centers, 2018 - 2031F |
6.3.4 Indonesia Cardiac pacemakers Market Revenues & Volume, By Cardiac Care Centers, 2018 - 2031F |
7 Indonesia Cardiac pacemakers Market Import-Export Trade Statistics |
7.1 Indonesia Cardiac pacemakers Market Export to Major Countries |
7.2 Indonesia Cardiac pacemakers Market Imports from Major Countries |
8 Indonesia Cardiac pacemakers Market Key Performance Indicators |
9 Indonesia Cardiac pacemakers Market - Opportunity Assessment |
9.1 Indonesia Cardiac pacemakers Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Indonesia Cardiac pacemakers Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Indonesia Cardiac pacemakers Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Indonesia Cardiac pacemakers Market - Competitive Landscape |
10.1 Indonesia Cardiac pacemakers Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Cardiac pacemakers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |