External Pacemakers Market Set to Reach $2.01 Billion by 2029 with 5.6% Yearly Growth

How Are the key drivers contributing to the expansion of the external pacemakers market?
The growing incidence of cardiovascular diseases (CVDs) is expected to drive the growth of the external pacemaker market. Cardiovascular diseases are becoming more common due to factors like sedentary lifestyles, poor diets, obesity, smoking, high blood pressure, and stress. External pacemakers are used to regulate abnormal heart rhythms and improve heart function in patients with CVDs. According to the World Heart Federation, CVD deaths are projected to rise from 18.9 million in 2020 to more than 22.2 million by 2030 and reach 32.3 million by 2050. Therefore, the increasing incidence of cardiovascular diseases is fueling the growth of the external pacemaker market.

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What growth opportunities are expected to drive the external pacemakers market's CAGR through 2034?
The external pacemakers market has grown strongly in recent years. It will rise from $1.52 billion in 2024 to $1.61 billion in 2025, at a CAGR of 6.0%. The historical growth is due to the shift towards less invasive surgical methods, rising demand for minimally invasive heart devices, ongoing healthcare professional education, increased healthcare spending, and patient preference for non-surgical treatment options.

The external pacemakers market is set to experience steady growth, reaching $2.01 billion by 2029 at a CAGR of 5.6%. Growth drivers include an aging population, greater awareness of heart health, screening programs, favorable reimbursement policies, and regulatory approvals for new devices. Major trends include the adoption of transcatheter valve replacement, the development of advanced devices, personalized treatment approaches, hybrid procedures, and integration of remote monitoring and telehealth solutions.

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What are the emerging trends shaping the future of the external pacemakers market?
Companies in the external pacemaker market are focusing on developing miniaturized pacemakers to improve battery life and competitiveness. These small, leadless devices regulate heart rhythm. For example, in May 2023, Medtronic Plc, an Ireland-based medical device company, received FDA approval for the Micra AV2 and Micra VR2 miniaturized pacemakers, which offer up to 40% more battery life than previous models, along with advanced algorithms for improved patient outcomes and fewer complications.

Which growth-oriented segments of the external pacemakers market are leading the industry's development?
The external pacemakers market covered in this report is segmented -

1) By Product: Single Chamber, Dual Chamber
2) By Application: Bradycardia, Acute Myocardial Infarction
3) By End-user: Hospitals, Ambulatory Surgical Centers, Other End-Users

Subsegments:
1) Single Chamber Pacemakers: Unipolar External Pacemakers, Bipolar External Pacemakers
2) Dual Chamber Pacemakers: Unipolar Dual Chamber Pacemakers, Bipolar Dual Chamber Pacemakers

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

What companies are at the forefront of innovation in the external pacemakers market?
Major companies operating in the external pacemakers market are Abbott Laboratories, Medtronic plc, Boston Scientific Corporation, Fluke Corporation, W. L. Gore & Associates Inc., Lepu Medical Technology Co. Ltd., Biotronik, LivaNova PLC, ZOLL Medical Corporation, CryoLife Inc., OSCOR Inc., Sorin Group, Netech Corporation, Cosmos Healthcare, FIAB SpA, Soma Tech Intl, JenaValve Technology Inc., Ancora Heart Inc., Shree Pacetronix Ltd., Osypka Medical Inc., Avery Biomedical Devices Inc., Galix Biomedical Instrumentation Inc., AtaCor Medical Inc., Cor Medical Centre, Navilyst Medical Inc.

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What Is Covered In The External Pacemakers Global Market Report?

•Market Size Forecast: Examine the external pacemakers market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the external pacemakers market for a structured understanding.
•Key Players Overview: Analyze major players in the external pacemakers market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the external pacemakers market.
•Segment Contributions: Evaluate how different segments drive overall growth in the external pacemakers market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the external pacemakers market.
•Industry Challenges: Identify potential risks and obstacles affecting the external pacemakers market.
•Competitive Landscape: Review strategic developments in the external pacemakers market, including expansions, agreements, and new product launches.

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