Press Release

Canada Pacemaker Market to be Dominated by External Pacemaker Through 2028

Canada Pacemaker Market will be driven by the increasing prevalence of cardiovascular diseases in the forecast period 2024-2028.

According to TechSci Research report, Canada Pacemaker Market - By Region, Competition Forecast and Opportunities, 2018-2028F, the Canada pacemaker market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the rise in geriatric populace and the rising occurrences of CVDs across the region. Similarly, inflating cost of cardiovascular illnesses, ideal government approaches, and the sendoff of mechanically progressed pacemakers, for example, the MRI safe pacemakers and leadless pacemakers, will further drive the growth of the market during the forecast period. Additionally, growing cases of hypertension, smoking, and rising consumption of alcohol will escalate the growth in coming years. Besides, advancement of innovation in the medical services industry and decreasing medical services costs, along with further developing patient experience, will further support the market growth.
However, pacemakers are expensive medical devices, and their high cost can be a barrier for many patients to access it. While government-funded healthcare systems cover the cost of pacemakers for eligible patients, some patients may still face out-of-pocket expenses or may not be eligible for coverage, leading to lower demand and slower growth of the market. Similarly, while technological advances have driven the growth of the pacemaker industry, they also create challenges for manufacturers. Companies must continually invest in research and development to stay competitive, which can be expensive and time-consuming. Failure to keep up with the latest technological advances can lead to reduced market share and slower growth. Also, there have been ethical and legal issues related to pacemaker implantation, including informed consent, patient privacy, and medical malpractices, which can further restrict the growth of Canada Pacemaker Market.


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The Canada Pacemaker market can be segmented by Device Type, Technology, Product Type, Application, End User and by Region.
Based on Device Type, the Canada Pacemaker market can be divided into Implantable v/s External. The External segment dominated the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. This can be ascribed to easy configuration, enhanced user interface, improved low battery indicator, and less risk of postsurgical complications across the region.

Based on Application, the Canada Pacemaker market can be segmented into Arrythmias, Congestive Heart Failure, and Others. The arrhythmias segment dominated the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. This can be ascribed to lifestyle disorders, excessive alcohol consumption, smoking, and obesity.
Based on end user, the Canada Pacemaker market can be segmented into Hospitals, Cardiac Care Centers, and Ambulatory Surgical Centers. The Cardiac Care Centers segment is expected to dominate during the forecast period on account of the rising development of hospital and cardiac care centers, growing development of reimbursement policies for the treatment cardiac diseases, along with reducing healthcare costs and improving patient experience. Also, growing healthcare expenditure and favorable initiatives by government bodies are expected to create lucrative growth of Canada Pacemaker market during the forecast period.

Major companies operating in Canada Pacemaker market are:

  • Medtronic of Canada Ltd
  • Abbott Medical Canada Inc
  • Biotronik Canada Inc
  • LivaNova Canada
  • Microport Scientific Corp
  • Spectramedx Inc.

Medtronic Azure XT DR MRI SureScan was launched in late 2020. This pacemaker features MRI compatibility, allowing patients to undergo magnetic resonance imaging (MRI) procedures without the need for further surgery to remove or replace the device. The Azure XT DR MRI SureScan also offers improved pacing options and battery longevity compared to previous models.

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“The Canada is expected to dominate in the Canada Pacemaker market on account of increasing aging population with cardiac disease along with presence of key players in the region. Similarly, growing technological advancements such as MRI compatible pacemakers, Bluetooth enabled pacemakers, and growing demand for improving regulatory approvals are the major factors influencing the growth of Canada Pacemaker market during the forecast period. Furthermore, increasing number of heart-related surgeries are further contributing to demand for Pacemaker market. Besides, while increasing development of advanced products and growing technologies to compete with existing products is being on the rise, other companies are acquiring and partnering with other companies trending in the market in the region. It is further expected to create lucrative opportunities for the market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Canada Pacemaker Market By Type (Implantable v/s External), By Technology (Dual Chamber, Single Chamber, Biventricular Chamber), By Product Type (MRI Compatible v/s Conventional), By Application (Arrythmias, Congestive Heart Failure, Others), By End User (Hospitals, Cardiac Care Centers, Ambulatory Surgical Centers) and By Region and Competition”, has evaluated the future growth potential of Canada Pacemaker Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Canada Pacemaker Market.

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