Pacemakers Market Analysis & Forecast 2024-2030

Pacemakers Market Report by Product Type (Implantable Pacemaker, External Pacemaker) by Application /End User (Hospitals, Clinics) by Industry Analysis, Volume, Share, Growth, Challenges, Trends, and Forecast 2024-2030, Regional Outlook ( North America, Europe, Asia-Pacific, Middle-East, Africa)

Report Code: PSMR- 1071          Category: Medical Devices          Region :  Global         Report Format :                  

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     Table of Contents

    Global Pacemakers Market is expected to reach USD 6057.32 million by 2030 with CAGR of 3.5% between 2024 and 2030

    A pacemaker is an electrically-charged medical device that is placed in the chest or abdomen which helps to control heart beat more regularly with the use of electrical pulses. Pacemakers can be temporary or permanent. Temporary pacemakers are used to treat short-term heart problems, such as a slow heartbeat that's caused by a heart attack, heart surgery, or an overdose of medicine while permanent pacemakers are used to control long-term heart rhythm problems.  

    Pacemakers Market

    Pacemaker surgery generally is safe. If problems do occur, they may include swelling, bleeding, bruising, or infection in the area where the pacemaker was placed, blood vessel or nerve damage, a collapsed lung, a bad reaction to the medicine used during the procedure. Patient need pacemaker to keep their heart beating properly which helps their body get the blood and oxygen it needs. A pacemaker regulates body’s electrical system, which controls heart rhythm. With each heartbeat, an electrical impulse travels from the top of heart to the bottom, signaling heart’s muscles to contract. A pacemaker can also track and record heartbeat which can help doctor to better understand patient’s arrhythmia (irregular heartbeats ).  

    Tracking device data and patient health through wireless remote monitoring systems, magnetic resonance imaging (MRI), longer battery life and technology to help reduce pacing requirements to conserve battery power, new data recording functionality to provide more information on patient health and device status and the introduction of single-chamber, transcatheter-delivered, leadless pacemaker systems are technological advancements that are driving this market.  

    Different forces driving cardiac pacemaker market are the technologically advanced diagnostics, robust insurance for treatment, increasing R&D investments for pacemakers and practical advances taken by different governments. Technological advancements in cardiac pacemakers, such as dynamic pacemaking technology, transitional tissue welding, and microprocessor-controlled devices, have also fueled the market. However, the high cost of pacemakers is a key restraint in the global pacemaker market.  

    North America is the largest pacemakers market both in terms of volume and revenue in 2016 followed by Europe due to high level of awareness pertaining to the benefits of pacemakers amongst healthcare professionals, high adoption of pacemaker technology, technological advancements in cardiac pacemakers. Asia Pacific is expected to register significant growth over the forecast period due to the high-untapped opportunities, a large pool of patients, improvement in healthcare facilities, supportive government initiatives and increasing investments by manufacturers especially in China and India.  

    Global Pacemakers Market Report

    Pacemakers Market Report: Product Type

    • Implantable Pacemaker
    • External Pacemaker

    Pacemakers Market Report: Application

    • Hospitals
    • Clinics

    Pacemakers Market: Competitive Analysis

    Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Pacemakers Market:

    • Medtronic
    • St.Jude Medical
    • Cardioelectronica
    • Neuroiz
    • ZOLL Medical
    • Boston Scientific
    • Biotronik
    • Sorin Group
    • Medico
    • Vitatron
    • Cordis
    • CCC Medical Devices
    • Izhevsky Mekhanichesky Zavod
    • Pacetronix

    Geographical analysis of Pacemakers Market:

    • North America
    • Europe
    • China
    • Japan
    • Southeast Asia
    • India

    Pacemakers Market Report

    Global Pacemakers Market Report delivers a comprehensive analysis of the following parameters:

    • Market Forecast for 2024-2030
    • Market growth drivers
    • Challenges and Opportunities
    • Emerging and Current market trends
    • Market player Capacity, Production, Revenue (Value)
    • Supply (Production), Consumption, Export, Import analysis
    • End user/application Analysis

    Report Coverage

    Parameters Details

    Base Year


    Historical Data


    Forecast Data


    Base Year Value (2023)

    USD 4761.00 million

    Forecast Value (2030)

    USD 6057.32 million

    CAGR (2022 to 2028)

    3.5 %

    Regional Scope

    North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

    Frequently Asked Questions (FAQ)

    Pacemakers Market was valued at around USD 4761.00 million in 2023 & estimated to reach USD 6057.32 million by 2030.

    Pacemakers Market is likely to grow at compounded annual growth rate (CAGR) of 3.5% between 2024 to 2030.

    Yes, the report includes COVID 19 impact on the market.

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