Global Pacemakers
Market Report
2025
Pacemakers market was valued at USD 4.95 billion in 2022 and will reach USD 6.67 billion by 2030, registering a CAGR of 3.8 % for the forecast period 2023-2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The global pacemaker market was valued at USD 4.95 billion in 2022 and will reach USD 6.67 billion by 2030, registering a CAGR of 3.8 % for the forecast period 2023-2030.
2021 | 2025 | 2033 | CAGR | |
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Global Pacemakers Market Sales Revenue | 121212 | 121212 | 121212 | 3.8% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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Market Split by Implantability |
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Market Split by End User |
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Market Split by Technology |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Pacemakers Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A pacemaker is defined as a medical device, which sends small impulses to heart muscles to maintain a suitable heart rate or to stimulate the lower chambers of the heart. It is used for the treatment of congestive heart failure and hypertrophic cardiomyopathy. The pacemaker is implanted by using a surgical procedure named epicardial or endocardial, which is a minimally invasive process. In this implantation procedure, the incision is made inside the chest of the patient and the leads as well as the pacemaker are inserted inside it. A pulse generator is a component of a pacemaker that consists of a compact metal container that stores a battery, and an electrical circuit that regulates the frequency of electrical pulses supplied to the heart. The other component is called leads (electrodes). The electrical pulses necessary to change the heart rate are delivered through one to three flexible, insulated wires that are individually inserted into one or more heart chambers. Some more recent pacemakers, however, do not require leads. Direct implantation of these leadless pacemakers takes place within the cardiac muscle.
The rise in the demand for implantable pacemakers to improve patient outcomes for the various pacemaker implantations has widely increased and it is due to the improvement of minimally invasive procedures as well as the increase in the burden of cardiovascular disorders which increased the demand for implantable pacemakers. According to Drugs & Diseases, in April 2021, it was reported that the permanent pacemaker insertion technique is considered a minimally invasive procedure. Thus, the rise in demand for minimally invasive surgical procedures and the increase in the adoption of cardiac surgical procedures such as endocardial or epicardial for the implantation of pacemakers drive the growth of the global market.
The development of healthcare infrastructure as well as the increase in healthcare spending expands the demand for pacemakers, which boosts the growth of the market. For instance, in February 2021, the government increased healthcare spending from 1.2% to 2.5% of GDP in India, which was planned to be invested in the modernization and creation of healthcare infrastructure.
An increase in the elderly population is anticipated to boost market expansion because older people are more susceptible to cardiovascular illnesses. This is explained by the fact that older persons are utterly defenseless against cardiovascular diseases. Continuously rising incidences of CVDs (cardiovascular diseases) in old age people also drive the market growth. According to the AHA (American Heart Association), CVD caused 868,662 deaths in 2017. In 2018, in the U.S, CHD (coronary heart disease) was the primary cause of death (42.1%), followed by stroke (17.0%), high BP (11.0%), Cardiac failure (9.6%), arterial diseases (2.9%), and other CVDs (17.4%).
High cost of pacemaker implantation procedure and risk associated with pacemakers such as infection at the site of surgery, pneumothorax, bradycardia, blood clots, air leakage, Twiddler’s Syndrome, bleeding as well as high cost of product recall due to the malfunctioning of devices are expected to restrict the market growth during the forecast period.
The COVID-19 pandemic has disrupted the lifestyle of the population across the world and the lockdowns adversely impacted the industrial processes across all sectors. COVID-19 has negatively impacted the healthcare industry as well as the clinical gadgets industry. The pacemakers market suffered vastly from the cancellation or postponement of the cardiovascular surgeries which resulted in weak sales of the pacemakers. These factors hindered the market growth significantly. For instance, according to the American Heart Association, the covid has impacted 185 nations and about 30,00,000 patients across the world.
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Medtronic received FDA approval for its next-generation mica leadless pacing systems
The world's smallest pacemakers, the Micra AV2 and Micra VR2 have longer battery lives and simpler programming than earlier Micra models, but they still offer numerous advantages of pacing without lead, such as fewer issues compared to conventional pacemakers.
Top Companies Market Share in Pacemakers Industry: (In no particular order of Rank)
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Large unexplored prospects are fuelling the expansion of the market in the region, which is due to key players’ market presence. In addition, investments in the healthcare industry, particularly in Japan, China, and India, have gained momentum. These nations are increasingly concentrating on building robust healthcare infrastructure for cardiovascular diagnosis and treatment. In the upcoming years, such factors are projected to fuel market expansion. Growing populations and economies in developing nations like China and India are anticipated to open up a wide range of opportunities for the regional industry.
The current report Scope analyzes Pacemakers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Pacemakers Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Pacemakers Industry growth. Pacemakers market has been segmented with the help of its Type, Application Implantability, and others. Pacemakers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The conventional pacemakers segment dominated the market:
MRI-compatible pacemakers and traditional pacemakers are the two types of pacemakers available on the market. This growth is brought about by continual advancements, affordability, compactness, and long shelf life. The MRI-compatible pacemaker market is estimated to grow profitably over the anticipated time frame. The high rate is a result of more MRI-based diagnoses being made.
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The arrhythmia segment is expected to account for the largest share of the market:
By application, the pacemaker market is divided into arrhythmias and congestive heart failure. Several factors including lifestyle disorders, excessive alcohol consumption, smoking, and obesity, have an impact on the prevalence of cardiac arrhythmia. In the United Kingdom, there are about 12,32,144 cases of atrial fibrillation and atrial flutter combined in 2019, according to the European Medical Group LTD. The second-fastest predicted growth will occur in the congestive heart failure market.
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The external pacemaker market is anticipated to experience substantial growth throughout the forecast period:
The pacemaker market is divided by implantability into implanted pacemakers and external pacemakers. The external pacemaker market is predicted to experience encouraging growth during the projection period as a result of the simple configuration, enhanced user interface, and enhanced low battery indicator. Due to the non-invasive nature of external pacemakers, postoperative complications are less likely. The equipment also enables patients to track and document their regular heartbeat. Additionally, external pacemakers are currently the fastest devices for synchronizing heart rhythm on the market, which is also expected to fuel category sector growth.
The ambulatory surgery center category is predicted to rise at a favorable rate during the projection period:
The market is divided into hospitals, ambulatory surgical centers, and cardiac clinics by end user. Due to its extensive market reach, particularly in rural areas, and convenience of treatment, the ambulatory surgery center category is predicted to rise at a favorable rate during the projection period. In this situation, ambulatory surgery facilities have shown to be a reliable approach. The increasing need to reduce surgery and post-surgical and the rising prevalence of CVDs are two additional factors that are projected to impact the market significantly. Another element driving the industry is the need to lower healthcare costs while also enhancing patient satisfaction.
The dual-chamber pacemaker segment dominated the market
The pacemaker market is segmented into single-chamber, dual-chamber, and biventricular pacemakers based on technology. The dual chamber pacemaker category formerly dominated the market and is anticipated to retain its leading position throughout the anticipated period because of an increase in the prevalence of bradycardia, the existence of significant rivals, and growth in the geriatric population. However, the biventricular category is likely to have significant market expansion throughout the projected period due to rising demand for remote monitoring services, and an increase in the incidence of hypertension.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Pacemakers Market is witnessing significant growth in the near future.
In 2023, the MRI Compatible Pacemakers segment accounted for noticeable share of global Pacemakers Market and is projected to experience significant growth in the near future.
The Arrhythmias segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Abbott Laboratories , Boston Scientific Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | MRI Compatible Pacemakers, Conventional Pacemakers |
Application | Arrhythmias, Congestive heart failure |
Implantability | Implantable Pacemakers, External Pacemakers |
End User | Hospitals, Ambulatory surgical centers, Cardiac Clinics |
Technology | Single Chamber Pacemakers, Dual Chamber Pacemakers, Biventricular Pacemakers |
List of Competitors | Abbott Laboratories, Biotronik SE & Co. KG, Boston Scientific Corporation, Lepu Medical Technology (Beijing) Co. Ltd., Livanova plc, Medico SpA, Medtronic plc, Oscor Inc., Osypka Medical GmbH, Shree Pacetronix Ltd |
This chapter will help you gain GLOBAL Market Analysis of Pacemakers. Further deep in this chapter, you will be able to review Global Pacemakers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Pacemakers. Further deep in this chapter, you will be able to review North America Pacemakers Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Pacemakers. Further deep in this chapter, you will be able to review Europe Pacemakers Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Pacemakers. Further deep in this chapter, you will be able to review Asia Pacific Pacemakers Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Pacemakers. Further deep in this chapter, you will be able to review South America Pacemakers Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Pacemakers. Further deep in this chapter, you will be able to review Middle East Pacemakers Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Pacemakers. Further deep in this chapter, you will be able to review Middle East Pacemakers Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Pacemakers. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Implantability Analysis 2021 - 2033
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Chapter 13 Market Split by End User Analysis 2021 - 2033
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Chapter 14 Market Split by Technology Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Pacemakers market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why MRI Compatible Pacemakers have a significant impact on Pacemakers market? |
What are the key factors affecting the MRI Compatible Pacemakers and Conventional Pacemakers of Pacemakers Market? |
What is the CAGR/Growth Rate of Arrhythmias during the forecast period? |
By type, which segment accounted for largest share of the global Pacemakers Market? |
Which region is expected to dominate the global Pacemakers Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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