Report Description

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.


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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 PLC, Boston Scientific Corporation, Biotronik, Sorin Group, Abbott Laboratories Inc, Edwards Lifesciences Corporation, B. Braun Melsungen AG, Osypka Medical GmbH, Medico S.P.A., Oscor Inc, Johnson & Johnson, Baxter, Philips Healthcare, 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 PLC, Boston Scientific Corporation, Biotronik, Sorin Group, Abbott Laboratories Inc, Edwards Lifesciences Corporation, B. Braun Melsungen AG, Osypka Medical GmbH, Medico S.P.A., Oscor Inc, Johnson & Johnson, Baxter, Philips Healthcare

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).

Table of content

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

10.3.1.2.1.           By Type

10.3.1.2.2.           By Technology

10.3.1.2.3.           By Product Type

10.3.1.2.4.           By Application

10.3.1.2.5.           By End User

10.3.2.  Argentina Pacemaker Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Type

10.3.2.2.2.           By Technology

10.3.2.2.3.           By Product Type

10.3.2.2.4.           By Application

10.3.2.2.5.           By End User

10.3.3.  Colombia Pacemaker Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Type

10.3.3.2.2.           By Technology

10.3.3.2.3.           By Product Type

10.3.3.2.4.           By Application

10.3.3.2.5.           By End User

11.  Middle East and Africa Pacemaker Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Technology

11.2.3.  By Product Type

11.2.4.  By Application

11.2.5.  By End User

11.2.6.  By Country

11.3.              MEA: Country Analysis

11.3.1.  Turkey Pacemaker Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Type

11.3.1.2.2.           By Technology

11.3.1.2.3.           By Product Type

11.3.1.2.4.           By Application

11.3.1.2.5.           By End User

11.3.2.  Egypt Pacemaker Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Type

11.3.2.2.2.           By Technology

11.3.2.2.3.           By Product Type

11.3.2.2.4.           By Application

11.3.2.2.5.           By End User

11.3.3.  Iran Pacemaker Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Type

11.3.3.2.2.           By Technology

11.3.3.2.3.           By Product Type

11.3.3.2.4.           By Application

11.3.3.2.5.           By End User

11.3.4.  South Africa Pacemaker Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Value

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Type

11.3.4.2.2.           By Technology

11.3.4.2.3.           By Product Type

11.3.4.2.4.           By Application

11.3.4.2.5.           By End User

11.3.5.  Saudi Arabia Pacemaker Market Outlook

11.3.5.1.      Market Size & Forecast

11.3.5.1.1.           By Value

11.3.5.2.      Market Share & Forecast

11.3.5.2.1.           By Type

11.3.5.2.2.           By Technology

11.3.5.2.3.           By Product Type

11.3.5.2.4.           By Application

11.3.5.2.5.           By End User

11.3.6.  UAE Pacemaker Market Outlook

11.3.6.1.      Market Size & Forecast

11.3.6.1.1.           By Value

11.3.6.2.      Market Share & Forecast

11.3.6.2.1.           By Type

11.3.6.2.2.           By Technology

11.3.6.2.3.           By Product Type

11.3.6.2.4.           By Application

11.3.6.2.5.           By End User

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Players Profiled (Leading Companies)

14.2.1.  Medtronic Inc

14.2.2.  Boston Scientific Corporation

14.2.3.  Sorin Group

14.2.4.  Abbott Laboratories

14.2.5.  Edwards Lifesciences Corporation

14.2.6.  B. Braun Melsungen AG

14.2.7.  Johnson & Johnson

14.2.8.  Philips Healthcare

14.2.9.  GE Healthcare Inc

14.2.10.   Microport Scientific Corp

15.  Strategic Recommendations

Figures and Tables

List of Figures:

Figure 1: Global Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 2: Global Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 3: Global Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 4: Global Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 5: Global Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 6: Global Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 7: Global Pacemaker Market Share, By Region, By Value, 2017-2027F

Figure 8: Global Pacemaker Market Share, By Company, By Value, 2020

Figure 9: Global Pacemaker Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2021

Figure 10: Global Pacemaker Market Map, By Technology, Market Size (USD Million) & Growth Rate (%), 2021

Figure 11: Global Pacemaker Market Map, By Product Type, Market Size (USD Million) & Growth Rate (%), 2021

Figure 12: Global Pacemaker Market Map, By Application, Market Size (USD Million) & Growth Rate (%), 2021

Figure 13: Global Pacemaker Market Map, By End-User, Market Size (USD Million) & Growth Rate (%), 2021

Figure 14: Global Pacemaker Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

Figure 15: North America Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 16: North America Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 17: North America Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 18: North America Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 19: North America Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 20: North America Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 21: North America Pacemaker Market Share, By Country, By Value, 2017-2027F

Figure 22: United States Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 23: United States Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 24: United States Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 25: United States Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 26: United States Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 27: United States Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 28: Canada Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 29: Canada Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 30: Canada Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 31: Canada Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 32: Canada Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 33: Canada Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 34: Mexico Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 35: Mexico Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 36: Mexico Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 37: Mexico Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 38: Mexico Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 39: Mexico Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 40: Europe Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 41: Europe Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 42: Europe Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 43: Europe Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 44: Europe Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 45: Europe Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 46: Europe Pacemaker Market Share, By Country, By Value, 2017-2027F

Figure 47: Russia Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 48: Russia Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 49: Russia Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 50: Russia Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 51: Russia Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 52: Russia Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 53: Germany Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 54: Germany Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 55: Germany Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 56: Germany Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 57: Germany Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 58: Germany Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 59: United Kingdom Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 60: United Kingdom Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 61: United Kingdom Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 62: United Kingdom Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 63: United Kingdom Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 64: United Kingdom Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 65: Italy Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 66: Italy Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 67: Italy Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 68: Italy Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 69: Italy Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 70: Italy Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 71: France Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 72: France Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 73: France Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 74: France Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 75: France Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 76: France Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 77: Spain Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 78: Spain Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 79: Spain Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 80: Spain Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 81: Spain Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 82: Spain Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 83: Asia-Pacific Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 84: Asia-Pacific Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 85: Asia-Pacific Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 86: Asia-Pacific Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 87: Asia-Pacific Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 88: Asia-Pacific Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 89: Asia-Pacific Pacemaker Market Share, By Country, By Value, 2017-2027F

Figure 90: China Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 91: China Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 92: China Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 93: China Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 94: China Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 95: China Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 96: India Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 97: India Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 98: India Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 99: India Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 100: India Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 101: India Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 102: Japan Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 103: Japan Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 104: Japan Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 105: Japan Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 106: Japan Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 107: Japan Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 108: Indonesia Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 109: Indonesia Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 110: Indonesia Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 111: Indonesia Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 112: Indonesia Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 113: Indonesia Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 114: Australia Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 115: Australia Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 116: Australia Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 117: Australia Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 118: Australia Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 119: Australia Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 120: South Korea Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 121: South Korea Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 122: South Korea Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 123: South Korea Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 124: South Korea Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 125: South Korea Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 126: Vietnam Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 127: Vietnam Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 128: Vietnam Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 129: Vietnam Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 130: Vietnam Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 131: Vietnam Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 132: South America Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 133: South America Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 134: South America Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 135: South America Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 136: South America Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 137: South America Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 138: South America Pacemaker Market Share, By Country, By Value, 2017-2027F

Figure 139: Brazil Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 140: Brazil Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 141: Brazil Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 142: Brazil Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 143: Brazil Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 144: Brazil Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 145: Argentina Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 146: Argentina Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 147: Argentina Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 148: Argentina Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 149: Argentina Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 150: Argentina Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 151: Colombia Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 152: Colombia Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 153: Colombia Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 154: Colombia Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 155: Colombia Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 156: Colombia Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 157: Middle East & Africa Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 158: Middle East & Africa Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 159: Middle East & Africa Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 160: Middle East & Africa Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 161: Middle East & Africa Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 162: Middle East & Africa Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 163: Middle East & Africa Pacemaker Market Share, By Country, By Value, 2017-2027F

Figure 164: Turkey Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 165: Turkey Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 166: Turkey Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 167: Turkey Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 168: Turkey Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 169: Turkey Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 170: Egypt Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 171: Egypt Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 172: Egypt Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 173: Egypt Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 174: Egypt Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 175: Egypt Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 176: Iran Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 177: Iran Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 178: Iran Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 179: Iran Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 180: Iran Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 181: Iran Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 182: South Africa Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 183: South Africa Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 184: South Africa Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 185: South Africa Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 186: South Africa Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 187: South Africa Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 188: Saudi Arabia Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 189: Saudi Arabia Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 190: Saudi Arabia Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 191: Saudi Arabia Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 192: Saudi Arabia Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 193: Saudi Arabia Pacemaker Market Share, By End-User, By Value, 2017-2027F

Figure 194: UAE Pacemaker Market Size, By Value (USD Million), 2017-2027F

Figure 195: UAE Pacemaker Market Share, By Type, By Value, 2017-2027F

Figure 196: UAE Pacemaker Market Share, By Technology, By Value, 2017-2027F

Figure 197: UAE Pacemaker Market Share, By Product Type, By Value, 2017-2027F

Figure 198: UAE Pacemaker Market Share, By Application, By Value, 2017-2027F

Figure 199: UAE Pacemaker Market Share, By End-User, By Value, 2017-2027F

Frequently asked questions

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The Europe pacemaker market is expected to witness significant growth of around 6.11% during the forecast period. This is mainly due to the increasing prevalence of cardiovascular diseases and arrhythmia in European countries. Moreover, technological advancements such as invention of MRI compatible pacemakers also supports the growth of the pacemaker market in Europe. European Government’s funding and initiatives are also contributing to the growth of the pacemaker market.

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The MRI compatible pacemakers dominated the global pacemaker market in 2021 with an overall share of around 83.95% on account of their widespread adoption among the healthcare professionals.

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The COVID-19 pandemic has severely affected the healthcare system in all the countries. The pandemic led to decrease in cardiac surgeries especially in patients associated with arrhythmia. In 2020, the pandemic urged the health services centers to postpone all the procedures, including cardiovascular surgeries. This further impacted the pacemaker market as the total number of pacemaker implantation has been decreased in 2020, when compared to 2019. According to the Survey conducted in Rebagliati hospital, Peru, the total number of pacemakers implanted per month was lower during the COVID-19 Scenario. On an average, 33.1 Pacemaker implanted per month before COVID-19. However, only 9 pacemakers were implanted per month during this period. It clearly shows that about 73% reduction in pacemaker implantation was observed during the COVID-19 pandemic.

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The major market trends in terms of implantable pacemaker market includes the invention of leadless pacemakers and MRI compatible pacemakers. Moreover, the size of implantable pacemaker is also reduced to much extent, which helps to reduce the inhibition and shock problems in the patients.

profile

Sakshi Bajaal

Business Consultant
Press Release

Pacemaker Market to Grow at a CAGR of 6.06% through 2027

May, 2022

Increasing prevalence of cardiovascular diseases and technological advancement in medical devices are some key factors driving the growth of global pacemaker market.