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What fueled the previous growth in the pacemakers market?

In the past few years, there has been robust growth in the market size of pacemakers. The market is projected to expand from $5.42 billion in 2024 to $5.72 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.6%. Factors such as an aging population, prevalent cardiovascular diseases, health issues related to lifestyle, regulatory approvals, and heart attack survivors have contributed to the growth during the historic period.

What will be the pacemakers market size in the future?

In the coming years, the pacemaker market is anticipated to witness significant growth, expanding to an estimated worth of $7.78 billion by 2029, corresponding to a compound annual growth rate (CAGR) of 8.0%. This predicted rise over the forecast period could be attributed to developments such as telemedicine, investments in public and private healthcare, pediatric and neonatal care, the evolution of surgical methods, advances in making devices smaller and leadless. Key trends during this forecast period are projected to include artificial intelligence (AI), the adoption of wearable health technology, remote programming, procedures involving electrophysiology, and various technological breakthroughs.

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What main drivers are fueling expansion in the pacemakers market?

The growth of the pacemaker market is being fuelled by the rising occurrence of cardiovascular diseases. These diseases, which affect the heart and blood vessels, are being combated with new drugs made possible by drug discovery technologies. Pacemakers, which contain flexible and insulated wires, assist in managing cardiovascular diseases by regulating abnormal heart rhythms. For example, the American Heart Association, a nonprofit organization based in the US, reported in January 2024 that the age-adjusted death rate from cardiovascular disease had increased to 233.3 per 100,000, an increase of 4.0% from the previous year’s rate of 224.4 per 100,000. This was after a 4.6% increase in 2023, the first observed rise in several years. Hence, the escalating rates of cardiovascular diseases are a significant factor propelling the pacemaker market’s growth.

What key areas define the segmentation of the global pacemakers market?

The pacemakers market covered in this report is segmented –

1) By Type: MRI Compatible Pacemaker, Conventional Pacemaker

2) By Technology: Single-Chamber Pacemaker, Dual-Chamber Pacemaker, Biventricular or CRT Pacemaker

3) By Implantability: Implantable Pacemaker, External Pacemaker

4) By Application: Congestive Heart Failure, Arrhythmias, Bradycardia, Tachycardia

5) By End-User: Hospitals, Cardiac Care Centers, Ambulatory Surgical Centers, Other End Users

Subsegments:

1) By MRI Compatible Pacemaker: Single-Chamber MRI Compatible Pacemaker, Dual-Chamber MRI Compatible Pacemaker, Biventricular MRI Compatible Pacemaker

2) By Conventional Pacemaker: Single-Chamber Conventional Pacemaker, Dual-Chamber Conventional Pacemaker, Biventricular Conventional Pacemaker

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Who are the dominant players expanding their reach in the pacemakers market?

Major companies operating in the pacemakers market include Boston Scientific Corporation, ZOLL Medical Corporation, Medtronic plc Biotronik Medical Devices India Pvt ltd., MicroPort Scientific Corporation, Cook Medical Incorporated, MEDICO S.p.A., Shree Pacetronix Ltd., Oscor Inc., Osypka Medical GmbH, Abbott Laboratories, LivaNova PLC, Lepu Medical Technology(Beijing)Co Ltd., Cordis Inc., Vitatron Holding B.V., Integer Holdings Corporation, Zoll Medical Corporation, Synapse Biomedical Inc., Pacetronix Limited, Sorin Group Italia S.r.l., Galix Biomedical Instrumentation Inc., Imricor Medical Systems Inc., Sterimed Group, Edwards Lifesciences Corporation, SMT Medical GmbH & Co. KG, Spacelabs Healthcare Inc., BioTrace Medical Inc.

How are evolving market trends shaping pacemakers Strategies?

Major firms in the pacemaker industry are focusing on the creation of innovative products like leadless pacemakers in order to reach a broader customer pool, bolster sales, and enhance earnings. Leadless pacemakers, which are a kind of Cardiac Implantable Electronic Device (CIED), are utilized for heart rhythm regulation and therapy of specific cardiac rhythm abnormalities. For example, Abbott, a medical device corporation based in the U.S., received approval from the U.S. Food and Drug Administration (FDA) for their AVEIR dual chamber (DR) leadless pacemaker system in July 2023. This endorsement greatly increases the access to leadless pacing for millions in the U.S., as over 80% of those needing a pacemaker require dual-chamber pacing, which paces both the right atrium and ventricle simultaneously. These AVEIR DR devices, powered by Abbott’s exclusive i2i communication technology, offer synchronized cardiac pacing between two leadless pacemakers based on patient-specific medical requirements. Utilizing high-frequency pulses, the i2i technology sends messages through the blood in the body, which is naturally conductive, connecting each leadless pacemaker. In order to carry out dual-chamber treatment, each implant communicates in real-time with the other, ensuring efficient and coordinated cardiac pacing.

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Which regions are emerging as leaders in the pacemakers market?

North America was the largest region in the pacemaker market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pacemakers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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