Global pacemaker market stood at USD5.01 billion in 2021 and is expected to grow at a steady CAGR of 6.06% during the forecast period owing to various growth factors, including high prevalence of heart diseases and growing geriatric population around the world. Moreover, the rising prevalence of arrhythmias is also increasing the demand for pacemakers globally. In recent years, the pacemaker market has undergone significant changes with the introduction of the latest and advanced technologies for the development of medical devices. Manufacturers are coming up with more advanced and well-equipped pacemakers, which is leading to the growth of this market globally.

Besides, the growing healthcare industry and increasing healthcare expenditure by governments and individuals across the globe are expected to support the market growth during the forecast period.

A pacemaker is a small medical device which is placed in the chest or abdomen of a patient to help control abnormal heart rhythms. It is used to help the heart beat more regularly if the patient has an irregular heartbeat (arrhythmia). A surgical procedure is required to implant a pacemaker into the patient’s body.

Rising Prevalence of Heart Diseases to Support Market Growth

Demand for pacemakers is increasing rapidly due to the growing prevalence of cardiovascular diseases worldwide. According to the data provided by the World Health Organization report, an estimated 17.9 million people died from CVDs in 2019, representing 32% of all global deaths. Of these deaths, 85% were due to heart attack and stroke. Thus, this creates a high demand for pacemakers globally. Rising cases of heart diseases are the main reason for the growth of the pacemaker market.

Growing Geriatric Population Aids Market Growth

According to the United Nations Department of Economic and Social Affairs, Population Division, the number of people aged 65 years or above was 702.9 million in 2019. This number is expected to grow by 120% and reach 1548.9 million by 2050. The geriatric population is susceptible to various kinds of arrhythmic heart problems which require pacemakers for treatment. This, in turn, is expected to support the market growth.

Rising Prevalence of Arrhythmias to Support Market Growth

Atrial arrhythmias is the most common complication encountered in the growing and aging population with congenital heart disease. The main reason for the prevalence of arrhythmias is mainly due to hypertension, higher BMI, smoking, etc. According to the Journal Published by the National Library of Medicine, there were about 37,574 million cases of atrial fibrillation globally in 2017. Hence, rising cases of Arrhythmias support the pacemaker market growth globally.

Advanced Technology Aids Pacemaker Market Growth

The main challenges of the pacemaker industry include the risk of infection, pacing inhibition, inappropriate shocks, cybersecurity concerns and high cost. Most of the challenges are overcome with the advancement in technology and modification of pacemakers. The size of the pacemaker device is reduced to one-tenth as compared to the traditional pacemaker. Now, most of the pacemakers that are available in the market are MRI Compatible. The Micra TPS is the first and only transcatheter pacing system to be approved for both 1.5 and 3 Tesla (T) full-body magnetic resonance imaging (MRI) scans and sends data remotely via the Medtronic Care Link Network. Thus, advancement in the technology of pacemakers also supports the growth of the pacemaker market.


Click here to download the sample

Market Segmentation

The global pacemaker market is segmented based on type, technology, product type, application, end user, company, and regional distribution. Based on type, the market can be split into implantable and external. Based on technology, the market is divided into dual chamber, single chamber and biventricular chamber. Based on product type, the market can be divided into MRI compatible and conventional. In terms of application, the market can be fragmented into arrythmias, congestive heart failure, and others. Based on end user, the market can be segmented into hospitals, ambulatory surgery centers, and others. By Region, the market is categorized into North America, Europe, Asia Pacific, South America and Middle East & Africa. North America dominated the market in 2021, with the United States leading the overall market. United States pacemaker market stood at USD892.05 million in 2021 on account of the growing prevalence of various arrhythmic heart problems among the population.

Company Profiles

The major players operating in the global pacemaker market are Medtronic, Boston Scientific Corporation, Biotronik, Sorin Group, Lepu Medical Technology, Abbott Laboratories, Edwards Lifesciences Corporation, St. Jude Medical, B. Braun Melsungen AG, Shree Pacetronix, Osypka Medical GmbH, Medico S.P.A., Oscor Inc, Johnson & Johnson, Baxter, Philips Healthcare, Cardinal Health, Becton Dickinson and Company, Siemens Healthineers, Vitatron and others. Leading market players are focusing on recent pacemaker technologies like cardiac resynchronization therapy pacemakers.

Attribute

Details

Market Size Value in 2021

USD5,010 Million

Revenue Forecast in 2027

USD7,139 Million

United States Market Size Value in 2021

USD892.05 Million

Growth Rate

6.06%

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

 

Segments Covered

  • Type
  • Technology
  • Product Type
  • Application
  • End User

Regional Scope

North America; Europe & CIS; Asia Pacific; South America; Middle East & Africa

Country Scope

United States; Mexico; Canada; Russia; Germany; United Kingdom; Italy; France; Spain; China; India; Japan; Indonesia; Australia; South Korea; Vietnam; Brazil; Argentina; Colombia; Turkey; Egypt; Iran; South Africa; Saudi Arabia; UAE

Key Companies Profiled

Medtronic Inc, Boston Scientific Corporation, MicroPort Scientific Corporation, Abbott Laboratories Inc, GE Healthcare, Johnson & Johnson, Sorin Group, Edwards Lifesciences Corporation, Philips Healthcare, B. Braun Melsungen AG

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, global pacemaker market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Pacemaker Market, By Type:
    • Implantable
    • External
  • Pacemaker Market, By Technology:
    • Dual Chamber
    • Single Chamber
    • Biventricular Chamber
  • Pacemaker Market, By Product Type:
    • MRI Compatible
    • Conventional
  • Pacemaker Market, By Application:
    • Arrythmias
    • Congestive Heart Failure
    • Others
  • Pacemaker Market, By End User:

o   Hospitals

o   Cardiac Care Centers

o   Ambulatory Surgical Centers

  • Pacemaker Market, By Region
    • North America
      • United States
      • Canada
      • Mexico
    • Europe & CIS
      • Russia
      • Germany
      • United Kingdom
      • Italy
      • France
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • Indonesia
      • Australia
      • South Korea
      • Vietnam
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • Turkey
      • Egypt
      • Iran
      • South Africa
      • Saudi Arabia
      • UAE 

Competitive Landscape

Company Profiles: 

·         Detailed analysis of the major companies presents in global pacemaker market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Pacemaker Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Factors contributing to Arrythmia

5.3.  Arrhythmia Prevalence, By Gender

5.4.  Arrhythmia Prevalence, By Age Group

5.5.  Arrhythmia Prevalence, By Region

6.    Global Pacemaker Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Implantable v/s External)

6.2.2.     By Technology (Dual Chamber, Single Chamber, Biventricular Chamber)

6.2.3.     By Product Type (MRI Compatible v/s Conventional)

6.2.4.     By Application (Arrythmias, Congestive Heart Failure, Others)

6.2.5.     By End User (Hospitals, Cardiac Care Centers, Ambulatory Surgical Centers)

6.2.6.     By Company (2021)

6.2.7.     By Region

6.3.  Market Map

6.3.1.     By Type

6.3.2.     By Technology

6.3.3.     By Product Type

6.3.4.     By Application

6.3.5.     By End User

6.3.6.     By Region

7.    North America Pacemaker Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Technology

7.2.3.     By Product Type

7.2.4.     By Application

7.2.5.     By End User

7.2.6.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Pacemaker Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By Technology

7.3.1.2.3.             By Product Type

7.3.1.2.4.             By Application

7.3.1.2.5.             By End User

7.3.2.     Canada Pacemaker Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By Technology

7.3.2.2.3.             By Product Type

7.3.2.2.4.             By Application

7.3.2.2.5.             By End User

7.3.3.     Mexico Pacemaker Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By Technology

7.3.3.2.3.             By Product Type

7.3.3.2.4.             By Application

7.3.3.2.5.             By End User

8.    Europe & CIS Pacemaker Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Technology

8.2.3.     By Product Type

8.2.4.     By Application

8.2.5.     By End User

8.2.6.     By Country

8.3.  Europe & CIS: Country Analysis

8.3.1.     Russia Pacemaker Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By Technology

8.3.1.2.3.             By Product Type

8.3.1.2.4.             By Application

8.3.1.2.5.             By End User

8.3.2.     Germany Pacemaker Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By Technology

8.3.2.2.3.             By Product Type

8.3.2.2.4.             By Application

8.3.2.2.5.             By End User

8.3.3.     United Kingdom Pacemaker Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By Technology

8.3.3.2.3.             By Product Type

8.3.3.2.4.             By Application

8.3.3.2.5.             By End User

8.3.4.     Italy Pacemaker Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Type

8.3.4.2.2.             By Technology

8.3.4.2.3.             By Product Type

8.3.4.2.4.             By Application

8.3.4.2.5.             By End User

8.3.5.     France Pacemaker Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Type

8.3.5.2.2.             By Technology

8.3.5.2.3.             By Product Type

8.3.5.2.4.             By Application

8.3.5.2.5.             By End User

8.3.6.     Spain Pacemaker Market Outlook

8.3.6.1.         Market Size & Forecast

8.3.6.1.1.             By Value

8.3.6.2.         Market Share & Forecast

8.3.6.2.1.             By Type

8.3.6.2.2.             By Technology

8.3.6.2.3.             By Product Type

8.3.6.2.4.             By Application

8.3.6.2.5.             By End User

9.    Asia-Pacific Pacemaker Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Technology

9.2.3.     By Product Type

9.2.4.     By Application

9.2.5.     By End User

9.2.6.     By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.     China Pacemaker Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By Technology

9.3.1.2.3.             By Product Type

9.3.1.2.4.             By Application

9.3.1.2.5.             By End User

9.3.2.     India Pacemaker Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By Technology

9.3.2.2.3.             By Product Type

9.3.2.2.4.             By Application

9.3.2.2.5.             By End User

9.3.3.     Japan Pacemaker Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By Technology

9.3.3.2.3.             By Product Type

9.3.3.2.4.             By Application

9.3.3.2.5.             By End User

9.3.4.     Indonesia Pacemaker Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Type

9.3.4.2.2.             By Technology

9.3.4.2.3.             By Product Type

9.3.4.2.4.             By Application

9.3.4.2.5.             By End User

9.3.5.     Australia Pacemaker Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Type

9.3.5.2.2.             By Technology

9.3.5.2.3.             By Product Type

9.3.5.2.4.             By Application

9.3.5.2.5.             By End User

9.3.6.     South Korea Pacemaker Market Outlook

9.3.6.1.         Market Size & Forecast

9.3.6.1.1.             By Value

9.3.6.2.         Market Share & Forecast

9.3.6.2.1.             By Type

9.3.6.2.2.             By Technology

9.3.6.2.3.             By Product Type

9.3.6.2.4.             By Application

9.3.6.2.5.             By End User

9.3.7.     Vietnam Pacemaker Market Outlook

9.3.7.1.         Market Size & Forecast

9.3.7.1.1.             By Value

9.3.7.2.         Market Share & Forecast

9.3.7.2.1.             By Type

9.3.7.2.2.             By Technology

9.3.7.2.3.             By Product Type

9.3.7.2.4.             By Application

9.3.7.2.5.             By End User

10.  South America Pacemaker Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Technology

10.2.3.  By Product Type

10.2.4.  By Application

10.2.5.  By End User

10.2.6.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Pacemaker Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast