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What fueled the previous growth in the leadless pacemakers market?

In recent years, the market size of leadless pacemakers has seen a swift expansion. Forecasts predict that it will increase from $0.58 billion in 2024 to $0.68 billion in 2025, representing a compound annual growth rate (CAGR) of 15.7%. The historic growth of this market is linked to developments in imaging and navigation systems, a growing emphasis on minimally invasive procedures, a pressing demand for enhanced quality of life, advancements in biocompatible materials, and a surge in cardiovascular disease cases.

What will be the leadless pacemakers market size in the future?

The size of the leadless pacemakers market is poised for swift expansion in the forthcoming years, projecting to hit a mark of $1.2 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 15.4%. The acceleration in growth during this prediction period can be owed to the broadening clinical indications, maturing population, augmenting emphasis on patient welfare and outcomes, rising focus on sustainability, coupled with increasing societal consciousness and education. Predominant trends of the prediction period encompass advancements and revolutions in technology, amalgamation with wearable and digital health technologies, enhanced battery longevity and durability, design and customization centered around the patient, along with collaboration and partnerships.

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What main drivers are fueling expansion in the leadless pacemakers market?

The surge in heart disease cases is anticipated to fuel the expansion of the leadless pacemaker market in the future. Heart diseases encompass various conditions impacting the heart’s structure and function, resulting in hindered blood flow, irregular heart rhythms, and other cardiovascular complications. The escalating heart disease rates are attributed to population increase and aging, lifestyle behaviors, stress and lack of physical activity, difficulties within the healthcare system, and genetic and environmental variables. Leadless pacemakers present remarkable benefits in addressing certain heart conditions by ensuring effective pacing and lowering the probability of lead-related complications. Moreover, they provide a less invasive implantation process. For instance, in February 2024, the World Health Organization (WHO), an intergovernmental organization based in Switzerland, foresees over 35 million new cancer cases in 2050. This represents a 77% increase, compared to the anticipated 20 million cases in 2022. Therefore, the rise in heart disease is propelling the growth of the leadless pacemaker market.

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

The leadless pacemakers market covered in this report is segmented –

1) By Type: Micra Transcatheter Pacing System, Other Types

2) By Pacing Chamber: Single Chamber, Dual Chamber

3) By Application: Hospital, Specialty Clinic, Other Applications

Subsegments:

1) By Micra Transcatheter Pacing System: Micra AV, Micra VR

2) By Other Types: Nanostim Leadless Pacemaker System, AVEIR Leadless Pacemaker, Other Experimental Or Emerging Leadless Pacemaker Models

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

Major companies operating in the leadless pacemakers market are Abbott Laboratories, Medtronic Plc, Boston Scientific Corporation, Terumo Corporation, St. Jude Medical Inc., Lepu Medical Technology Co. Ltd., BIOTRONIK SE & Co. KG, LivaNova PLC, MicroPort Scientific Corporation, Oscor Inc., Sorin Group S.p.A., EBR Systems Inc., Vitatron Holding B.V., SORIN S.p.A, MEDICO S.p.A., Imricor Medical Systems Inc., Osypka Medical GmbH, Shree Pacetronix Ltd., CathRx Ltd., Cairdac

What emerging trends are influencing the growth of the leadless pacemakers market?

Prominent players in the leadless pacemakers market are introducing novel products like dual-chamber leadless pacemakers to accommodate a wider variety of cardiac conditions and provide more tailored treatment choices for patients. A dual-chamber leadless pacemaker is a cardiac pacing apparatus that oversees and adjusts heartbeats by transmitting electrical impulses to the right atrium and ventricle without the need for conventional pacing leads. For instance, Abbott Laboratories, a healthcare and medical devices firm based in the US, debuted the AveirTM DR, a dual-chamber pacemaker, in February 2022. This device uses the firm’s patented i2iTM communication technology to facilitate beat-by-beat synchronous pacing between the atrium and ventricle, resulting in true Dual-chamber rate-modulated (DDDR) pacing for constant atrioventricular (AV) synchrony. It caters to the essential need for dual-chamber pacing in patients who require pacing in both chambers of the heart.

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Which regions are emerging as leaders in the leadless pacemakers market?

North America was the largest region in the leadless pacemakers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the leadless pacemakers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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