Emerging Trends Influencing The Growth Of The External Pacemakers Market: Innovative Next-Generation Pacemakers For Advancements In The External Pacemaker Market

The External Pacemakers Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the External Pacemakers Market Size Expected to Be by 2034?
The external pacemakers market has experienced robust growth in recent years. It will grow from $1.52 billion in 2024 to $1.61 billion in 2025, at a compound annual growth rate (CAGR) of 6.0%. This growth can be attributed to the trend toward less invasive surgical procedures, rising demand for minimally invasive structural heart devices, continuous TH*Care professional training programs, increasing TH*Care expenditures, and growing patient preference for non-invasive treatment options.

The external pacemakers market is forecasted to grow to $2.01 billion by 2029 at a CAGR of 5.6%. Growth is driven by the aging population, rising awareness of heart health, screening programs, favorable reimbursement policies, and regulatory approvals for heart devices. Trends include the adoption of transcatheter valve replacement, the development of innovative devices with advanced materials, personalized treatment approaches, hybrid procedures, and integration of telehealth solutions.

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What Are the Emerging Segments Within the External Pacemakers Market?
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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What Long-Term Drivers Are Shaping External Pacemakers Market Trends?
The growing prevalence of cardiovascular diseases is expected to drive the external pacemaker market. Cardiovascular diseases are rising due to factors such as poor diet, sedentary lifestyles, and increasing rates of obesity and stress. External pacemakers are used to regulate abnormal heart rhythms and improve cardiac function. The World Heart Federation predicted in October 2022 that CVD-related deaths would rise from 18.9 million in 2020 to 22.2 million by 2030 and to 32.3 million by 2050. Therefore, the rising prevalence of cardiovascular diseases is driving the growth of the external pacemaker market.

Who Are the Top Competitors in Key External Pacemakers Market Segments?
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 TH*Care, 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.

What Are the Major Trends Shaping the External Pacemakers Market?
Leading corporations in the external pacemaker market are pioneering novel products like miniaturized pacemakers to enhance battery longevity and establish a strategic advantage. Miniaturized, also known as leadless pacemakers, are petite electronic apparatus instituted in the heart to balance its pace. For instance, Medtronic Plc, a medical apparatus establishment from Ireland, secured approval from the Food and Drug Administration for their advanced products - Micra AV2 and Micra VR2, in May 2023. These are the subsequent versions of their highly acclaimed miniaturized, leadless pacemakers. They deliver up to 40% extended battery lifespan compared to previous models, with estimated median battery duration spanning almost 16 to 17 years. These devices are equipped with sophisticated algorithms for auto AV synchrony programming and superior tracking capacity to accommodate active patients. The petite size and absence of leads or surgical pockets in Micra pacemakers help reduce complexities and enhance patient comfort.

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Which Regions Are Becoming Hubs for External Pacemakers Market Innovation?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the External Pacemakers Market?
2. What is the CAGR expected in the External Pacemakers Market?
3. What Are the Key Innovations Transforming the External Pacemakers Industry?
4. Which Region Is Leading the External Pacemakers Market?

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