External pacemakers market is anticipated to grow at a CAGR of 3.6% during the forecast period (2023-2030). The market growth is attributed to the rising geriatric population, the increasing prevalence of cardiovascular disease (CVDs), the increasing cost of cardiac disease management, favorable government initiatives and policies, and the introduction of new and enhanced technological products. According to the World Health Organization (WHO), around 17.9 million people were deceased from CVDs in 2019, representing 32% of all global mortalities. Further, in November 2022, the article “Senior Population Statistics: A Portrait of Aging Americans”, reported 54.1 million adults or 16.3% of the US population are seniors including aged 65 or older. The senior population is expected to rise to 22.0% by 2040 and 25.0% by 2060.
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The global external pacemakers market is segmented based on type, technology, application, and end-use. Based on the type, the market is sub-segmented into MRI compatible pacemaker, and conventional pacemaker. Based on the technology, the market is sub-segmented into single-chamber pacemaker, dual-chamber pacemaker, and biventricular/CRT pacemaker. Based on the application, the market is sub-segmented into bradycardia, and acute myocardial infarction. Further, based on end-use, the market is sub-segmented into hospitals and cardiac centers, ambulatory surgical centers. Among the end-use, the hospitals and cardiac centers sub-segment is anticipated to hold a largest market share during the forecast period. The large share of this segment is credited to the lower costs, higher efficiency, and availability.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global External Pacemakers Market by Type
- MRI Compatible Pacemaker
- Conventional Pacemaker
Global External Pacemakers Market by Technology
- Single-Chamber Pacemaker
- Dual-Chamber Pacemaker
- Biventricular/CRT Pacemaker
Global External Pacemakers Market by Application
- Bradycardia
- Acute Myocardial Infarction
Global External Pacemakers Market by End-Use
- Hospitals and Cardiac Centers
- Ambulatory Surgical Centers
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Avery Biomedical Devices, Inc.
- BIOTRONIK SE & Co KG
- Ceryx Medical Ltd
- Fluke Corp.
- Lepu Medical Technology (Beijing)Co., Ltd.
- LivaNova PLC
- MEDICO S.R.L.
- MicroPort Scientific Corp.
- OSCOR Inc.
- OSYPKA MEDICAL
- Shree Pacetronix Ltd.
- SOMA TECH INTL
- Vitatron Holding B.V.
- ZOLL Medical Corp.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global external pacemakers market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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