Pacemakers Market By Implantability (Implantable Pacemaker- Single-Chamber Pacemaker, Dual-Chamber Pacemaker, Biventricular/CRT Pacemaker, And External Pacemaker), By Device Type (MRI Compatible Pacemaker, Leadless MRI Compatible Pacemaker), By End-User (Hospitals, Cardiac Centers, Ambulatory Surgical Centers, Others), By Geography is expected to grow at a steady CAGR Forecast till 2026 owing to rising technological advancement and increasing prevalence of Cardiovascular Diseases.


Global Pacemakers Market

Global Pacemakers Market was valued at USD 4.63 billion in 2020, growing at a CAGR of 5.81% during the forecast period from 2021 to 2026, to reach USD 5.78 billion by 2026. The demand for Pacemakers is primarily motivated due to the rise in cardiovascular diseases (CVDs), superior treatment outcomes of sudden cardiac arrests, and growing technological advancements.


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List of Pacemakers companies involved in the report

Medtronic, Inc.
St. Jude Medical, Inc.
Boston Scientific Corporation
Biotronik SE & Co. KG
LivaNova PLC
Shree Pacetronix Ltd.
Lepu Medical Technology Co. Ltd.
MicroPort Scientific Corporation, and others


Pacemakers Market Dynamics

Pacemakers Market has significantly increased due to the increasing prevalence of cardiovascular diseases, which leads to the demand in the market for pacemakers. According to Pan American Health Organization (PAHO), cardiovascular diseases cause more deaths each year than any other disease. Heart disease and stroke-related fatalities account for more than three-quarters of all deaths in low- and middle-income nations, as of June 2021. Thus, the burgeoning cases of cardiovascular diseases will contribute to the Global Pacemakers Market growth.


Pacemakers Market Segment Analysis

Pacemakers market by Implantability (Implantable Pacemaker- Single-Chamber Pacemaker, Dual-Chamber Pacemaker, Biventricular/CRT Pacemaker, and External Pacemaker), Pacemakers market by Device Type (MRI Compatible Pacemaker, Leadless MRI Compatible Pacemaker), Pacemakers market by End-User (Hospitals, Cardiac Centres, Ambulatory Surgical Centres, Others), and Pacemakers market by Geography (North America, Europe, Asia-Pacific, and Rest of the World).


Pacemakers Market Insights

Pacemaker’s market implantability segment, the implantable pacemaker’s market segment is expected to hold the largest share in the market and this trend is expected to continue during the forecast period. The rapid growth of this implantability segment can be attributed to the preference these pacemakers have over their external counterparts. In the type of device segment, the biggest trendsetter in pacemaker technology in the last few years has been the introduction of US Food and Drug Administration (FDA)-cleared MRI compatible models, as these pacemakers minimize heating potential, dislodgement, current induction, and electromagnetic interference. These allow patients to undergo MR imaging exams without harm to the device or changes to the device settings. Pacemakers without MRI-conditional use technology usually prevented patients from being able to get an MRI.


Recent Developmental Activities in the Pacemakers Market

In June 2021, Medtronic launched the world’s smallest pacemaker to treat heart block. Micra AV with atrioventricular synchrony is the first pacemaker that can sense atrial activity without a lead or device in the upper chamber of the heart. The in-house created pacemaker is small enough to go inside the heart via a catheter. This will prove as a game-changer in the Pacemakers market.
In June 2020, Medtronic PLC announced it has received CE Mark for Micra™ AV Transcatheter Pacing System (TPS), the world’s smallest pacemaker with atrioventricular (AV) synchrony.


Key Takes Away from the Pacemakers Market Report Study

Market size analysis for current market size (2020), and market forecast for 5 years (2021-2026)
The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the Pacemakers market.
Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
Key companies dominating the Global Pacemakers Market.
Various opportunities are available for the other competitor in the Pacemakers Market space.
What are the top-performing segments in 2020? How these segments will perform in 2026.
Which are the top-performing regions and countries in the current market scenario?
Which are the regions and countries where companies should have concentrated on opportunities for Pacemakers market growth in the coming future?


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Table of content

Report Introduction
Executive summary
Regulatory and Patent Analysis
Key factors analysis
Porter’s Five Forces Analysis
COVID-19 Impact Analysis on Pacemakers Market
Market layout
Pacemakers Global Company Share Analysis – Key 3-5 Companies
Pacemakers Company and Product Profiles
Project Approach
KOL Views
DelveInsight Capabilities
About DelveInsight


Frequently Asked Questions for Pacemakers Market

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