The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s cardiac pacemakers market report forecasts the cardiac pacemakers market size to grow to $5.28 Billion by 2027, with a CAGR (compound annual growth rate) of 4%.

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Cardiac Pacemakers Market Size Forecast
The global cardiac pacemakers market is expected to grow from $4.28 billion in 2022 to $4.52 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cardiac pacemakers market size is expected to grow to $5.28 billion in 2027 at a CAGR of 4.0%.

North America held the largest cardiac pacemakers market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Cardiac Pacemakers Market Driver ­– Increase In Cardiovascular Diseases
According to the Center for Disease Control and prevention, an American national public health agency, approximately 697,000 people in the US died from heart disease in 2020 which converted to almost 1 in 5 deaths. Therefore, the rising incidence of cardiovascular diseases will drive the growth of cardiac pacemaker market.

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Key Cardiac Pacemakers Market Trend – New Innovations
Major players are making innovations like leadless cardiac pacemakers to cater to the cardiac pacemaker market in a better way. The leadless pacemaker is a self-contained generator and electrode system and is 90% smaller than a transvenous pacemaker implanted immediately into the right ventricle. There is no need for a chest incision or subcutaneous generator pocket because the device is placed via a femoral vein transcatheter technique is a minimally invasive technique to repair an inadequately opening narrowed aortic valve. For instance, in January 2022, Medtronic PLC., an Ireland-based medical devices company, introduced their leadless pacemaker Micra AV Transcatheter Pacing System (TPS). The Micra AV helps in patients’ treatment with AV block when the electrical communication between the heart’s ventricle and atria is compromised.

Cardiac Pacemakers Market Segment
1) By Type: Implantable, External
2) By Technology: Biventricular, Single Chambered, Dual Chambered
3) By Application: Arrhythmias, Heart Blockage, Atrial Fibrillation, Long QT Syndrome, Congestive Cardiac Failure, Other Applications
4) By End User: Clinics And Hospitals, Ambulatory Surgical Centers, Cardiac Care Centers

Cardiac Pacemakers Market Major Players and Strategies
Major players in the cardiac pacemakers market are Medtronic PLC, Lepu Medical Technology Co., Abbott Inc., Biotronik SE & Co. KG, Boston Scientific Corporation, LivaNova PLC, Medico SRL, Osypka AG, Oscor Inc., MicroPort Scientific Corporation, Pacetronix, Zoll Medical Corporation, Cook Medical, Vitatron, St Jude Medical Inc., and Cordis Corporation.

In July 2022, Orchestra BioMed, a US-based company focused on developing transformative therapeutic products, collaborated with Medtronic. The collaboration between Medtronic and Orchestra BioMed is to develop BackBeat Cardiac Neuromodulation Therapy (CNT), a potential therapy for hypertension in people who need a cardiac pacemaker. Medtronic is an Ireland-based company that provides healthcare technology.

The Cardiac Pacemakers Global Market Report 2023 covers regional data on cardiac pacemakers market size, cardiac pacemakers market trends and drivers, opportunities, strategies, and cardiac pacemakers market competitor analysis. The countries covered in the cardiac pacemakers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

A cardiac pacemaker refers to a small electronic device that generates electrical impulses and prevents the heart from beating too fast or slow and helps in treating heart conditions such as arrhythmias is a heart condition where the heart beats irregularly. The cardiac pacemakers are used to maintain the rhythm of heartbeats.

View More Reports Related To The Cardiac Pacemakers Market –
Cardiac Valve Global Market Report 2023
Pacemakers Global Market Report 2023
Cardiac Assist Devices And Equipment Global Market Report 2023

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