Cardiac Pacemakers Market By Type, By Technology, By End User and Region Forecast 2019-2030

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Cardiac Pacemakers Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Implantable pacemaker, External Pacemaker), By Technology (Single chambered, Biventricular, Dual chambered), By End User (Ambulatory Surgical Centers, Hospitals, Clinics) and Region Forecast 2019-2030

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Cardiac Pacemakers Market size was valued at US$ 4,446.2 million in 2023 and is poised to grow at a CAGR of 5.6% from 2024-2030. pacemaker is a small device that is placed in the abdomen or chest that helps in controlling abnormal rhythms of the heart. Pacemakers use low-energy electrical pulses to prompt the heart beat at a normal rate. Pacemakers are used in the treatment of arrhythmias. Increase in prevalence of heart diseases worldwide boosting market globally. According to the WHO, cardiovascular disease is one of the leading causes of death worldwide. It is estimated that around 17.5 million people died from cardiovascular disease, which accounted for 31% of all global deaths in 2012 In addition, the increase in demand for invasive techniques in the treatment of heart diseases and lifestyle changes bolstered the market. Furthermore, technological advancements and adaptability are expected to boost the market growth.

However, certain risks in Cardiac Pacemakers such as infection at the surgical site, failure to deliver optimum therapy when needed (either extra therapy when it is not needed or no therapy delivered when it is needed), and sensitivity to the device material are hampering the market. Many countries have endured and continue to incur severe economic and healthcare burdens as a result of the high transmission rate and lack of treatment. Many governments have gone into lockdown, suspending trade with other countries, imposing travel restrictions, and so on, causing large firms' market capitalizations to plummet around the world.

Key Developments

  • In November 2017, Medtronic plc received U.S.FDA approval to launch its Azure Pacemakers with BlueSyc technology in U.S.
  • In March 2017, Biotronic launched its Smallest & Lightest MR-Conditional Pacemakers and a new range of quadripolar CRT-Pacemakers in Europe.

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Global Cardiac Pacemakers Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.6%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Cardiac Pacemakers Market Dynamics

The market for cardiac pacemaker devices is being driven by the rising prevalence of cardiovascular disorders such as bradycardia and tachycardia, as well as rising life expectancy, obesity, sedentary lifestyles, alcohol use and technical improvements. Clinicians can now give creative approaches to care for the elderly population thanks to advances in technology and engineering. Low-power circuits, high-density batteries, and new software designs have fueled a series of game-changing advancements in cardiac pacing in particular over the last few years.

Global Cardiac Pacemakers Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 4,446.2 million

Market CAGR

5.6%

By Type

  • Implantable Pacemaker
  • External Pacemaker

By Technology

  • Single Chambered
  • Biventricular
  • Dual Chambered

By End User

  • Ambulatory Surgical Centers
  • Hospitals
  • Clinics

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The cardiac pacemakers market report provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis

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Frequently Asked Questions

Cardiac Pacemakers Market size was valued at US$ 4,446.2 million in 2023 and is poised to grow at a CAGR of 5.6% from 2024-2030

The Market Key Players are Abbott Laboratories (U.S.) Medtronic plc (U.S.) Osypka Medical, Inc (Germany) BIOTRONIK SE & Co. KG (Germany) Boston Scientific Corporation (U.S.) OSCOR Inc. (U.S.) Medico S.p.A. (Italy) Lepu Medical Technology Co ltd.(China)

Asia Pacific is the fastest region for the Market

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary
2.Global Cardiac Pacemakers Market Introduction 
2.1.Global Cardiac Pacemakers Market  - Taxonomy
2.2.Global Cardiac Pacemakers Market  - Definitions
2.2.1. By Type 
2.2.2. By Technology
2.2.3. By End Users
2.2.4. By Region
3.Global Cardiac Pacemakers Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Cardiac Pacemakers Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Cardiac Pacemakers Market  By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Implantable pacemaker
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. External Pacemaker
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Cardiac Pacemakers Market  By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Single Chambered
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Biventricular
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Dual Chambered
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Cardiac Pacemakers Market  By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Ambulatory Surgical Centers
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Hospitals
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Clinics
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
8.Global Cardiac Pacemakers Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Cardiac Pacemakers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Type  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Implantable pacemaker
9.1.2.External Pacemaker
9.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Single Chambered
9.2.2.Biventricular
9.2.3.Dual Chambered
9.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Ambulatory Surgical Centers
9.3.2.Hospitals
9.3.3.Clinics
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Cardiac Pacemakers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Implantable pacemaker
10.1.2.External Pacemaker
10.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Single Chambered
10.2.2.Biventricular
10.2.3.Dual Chambered
10.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Ambulatory Surgical Centers
10.3.2.Hospitals
10.3.3.Clinics
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Cardiac Pacemakers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Implantable pacemaker
11.1.2.External Pacemaker
11.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Single Chambered
11.2.2.Biventricular
11.2.3.Dual Chambered
11.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Ambulatory Surgical Centers
11.3.2.Hospitals
11.3.3.Clinics
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Cardiac Pacemakers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Implantable pacemaker
12.1.2.External Pacemaker
12.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Single Chambered
12.2.2.Biventricular
12.2.3.Dual Chambered
12.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Ambulatory Surgical Centers
12.3.2.Hospitals
12.3.3.Clinics
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Cardiac Pacemakers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Implantable pacemaker
13.1.2.External Pacemaker
13.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Single Chambered
13.2.2.Biventricular
13.2.3.Dual Chambered
13.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Ambulatory Surgical Centers
13.3.2.Hospitals
13.3.3.Clinics
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Abbott Laboratories (U.S.)
14.2.2.Medtronic plc (U.S.)
14.2.3.Osypka Medical, Inc (Germany)
14.2.4.BIOTRONIK SE & Co. KG (Germany)
14.2.5.Boston Scientific Corporation (U.S.)
14.2.6.OSCOR Inc. (U.S.)
14.2.7.Lepu Medical Technology Co ltd.(China)
14.2.8.SORIN Group (U.S.)
14.2.9.Pacetronix ltd.(India)
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • Abbott Laboratories (U.S.)
  • Medtronic plc (U.S.)
  • Osypka Medical, Inc (Germany)
  • BIOTRONIK SE & Co. KG (Germany)
  • Boston Scientific Corporation (U.S.)
  • OSCOR Inc. (U.S.)
  • Medico S.p.A. (Italy)
  • Lepu Medical Technology Co ltd.(China)
  • SORIN Group (U.S.)
  • Pacetronix ltd.(India)

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