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Pacemakers & ICDs Market Growth Trends and Forecast to 2034

07-22-2025 12:42 PM CET | Health & Medicine

Press release from: Exactitude Consultancy

Pacemakers & ICDs Market

Pacemakers & ICDs Market

The global Pacemakers and ICDs Market was valued at USD 10.86 billion in 2024 and is projected to reach USD 17.34 billion by 2034, growing at a CAGR of 4.9% during the forecast period. These devices are used to monitor and correct abnormal heart rhythms by delivering timed electrical pulses (pacemakers) or high-energy shocks (ICDs) as needed.

The increasing incidence of arrhythmias, including bradycardia and ventricular tachyarrhythmias, along with a growing geriatric population and improved access to cardiac care, are major contributors to market growth. Further, the shift towards minimally invasive procedures and smart implantable technology is reshaping patient management in cardiology.

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Key Market Drivers
• Rising Cardiovascular Disease Burden: WHO estimates millions of people suffer from heart rhythm disorders, which are directly addressed by CRM devices.
• Aging Global Population: As people age, the incidence of bradycardia and atrial fibrillation increases-requiring lifelong rhythm support.
• Technological Advancements: MRI-compatible devices, leadless pacemakers, Bluetooth-enabled devices, and rechargeable batteries are transforming the industry.
• Remote Monitoring and Telehealth Integration: Digital platforms allow real-time monitoring of implant status and cardiac events, enhancing clinical decision-making.
• Increased Access to Cardiac Care in Emerging Economies: Hospitals in Asia, Latin America, and the Middle East are increasingly equipped with CRM facilities.

Key Restraints and Challenges
• High Cost of Devices and Procedures: Pacemakers and ICD implants can be financially prohibitive for patients in low-income and underinsured markets.
• Surgical Risks and Complications: Infection, lead displacement, and bleeding are still concerns, although reduced by minimally invasive techniques.
• Device Recall Incidents: Malfunctions or battery failures can result in device recalls, affecting market trust and financial performance of vendors.
• Limited Skilled Cardiologists in Rural Areas: Successful device implantation and follow-up care require specialized training and infrastructure.
• Regulatory Hurdles: Approvals for new implantable technology require rigorous clinical trials, impacting go-to-market speed.

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Opportunities & Trends
• Leadless Pacemakers: Devices like MicraTM (Medtronic) eliminate the need for leads, reducing complication risks and simplifying procedures.
• MRI-Compatible Devices: The shift towards MRI-safe pacemakers and ICDs enables broader use among chronically ill patients requiring imaging.
• Home Monitoring and AI-Driven Alerts: Real-time data transmission allows early detection of rhythm abnormalities and battery status alerts.
• Rechargeable ICDs: Devices with rechargeable batteries reduce the need for repeat surgeries, especially for young or high-risk patients.
• Dual Therapy Devices (CRT-D): Integration of cardiac resynchronization therapy with defibrillation in a single device improves heart failure outcomes.

Market Segmentation
By Product Type
• Pacemakers
o Single Chamber Pacemaker
o Dual Chamber Pacemaker
o Leadless Pacemaker
• Implantable Cardioverter Defibrillators (ICDs)
o Single Chamber ICD
o Dual Chamber ICD
o Subcutaneous ICD (S-ICD)
o Cardiac Resynchronization Therapy-Defibrillators (CRT-D)

By End Use
• Hospitals
• Cardiology Clinics
• Ambulatory Surgical Centers (ASCs)
• Specialty Cardiac Centers
• Academic Research Institutions

By Application
• Bradycardia Treatment
• Tachycardia Management
• Heart Failure (CRT-D use)
• Ventricular Arrhythmias
• Atrial Fibrillation and Stroke Prevention

Regional Insights
North America
The largest contributor, North America benefits from advanced cardiac care infrastructure, higher diagnosis rates of arrhythmia, and fast-track regulatory pathways. Companies here also lead in device innovation and digital remote monitoring.
Europe
Europe's high-quality cardiac services, broad reimbursement coverage, and regulatory support for advanced therapies support strong adoption of ICDs and dual chamber pacemakers.
Asia-Pacific
A rapidly growing market due to increased investments in cardiac care infrastructure, increasing lifestyle diseases, and governmental efforts to expand access in countries like India, China, and Indonesia.

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Competitive Landscape
The market is dominated by well-established players, with Medtronic, Abbott, and Boston Scientific controlling a significant share due to their expansive device portfolios, international reach, and R&D investments. Companies compete on innovation, battery life, patient safety features, and remote monitoring capabilities.

Key Players
• Medtronic: The global leader with flagship products like Micra AVTM (leadless pacemaker) and Evera MRITM ICD; strong in AI diagnostics and remote management tools.
• Abbott: Offers Assurity MRITM pacemakers, Quadra AssuraTM CRT-D, and smart monitoring solutions via its Merlin.netTM platform.
• Boston Scientific: Known for AutogenTM, InogenTM, and ResonateTM ICDs with battery longevity and advanced pacing algorithms.
• BIOTRONIK: Provides EdoraTM, IliviaTM, and ActicorTM CRM devices; focuses on MRI-compatibility and hybrid lead technology.
• MicroPort: Expanding rapidly in Asia with cost-effective and compact pacemaker models for emerging markets.
• LivaNova: Specializes in cardiac rhythm therapy with devices suited for niche markets and neuromodulation.
• Lepu Medical: A key Chinese vendor offering ICDs and pacemakers with a growing export footprint.
• Shree Pacetronix: India-based manufacturer with single and dual chamber pacemakers catering to price-sensitive markets.
• Osypka Medical: Innovator in diagnostic electrophysiology and temporary pacing solutions.

Recent Developments (2025)
1. June 2025 - Medtronic Receives CE Mark for Micra AV2 Leadless Pacemaker
Medtronic expanded its leadless product line with the Micra AV2, offering improved atrioventricular synchrony and 40% longer battery life.
2. May 2025 - Abbott Launches iCDTM System with AI-Based Arrhythmia Detection
Abbott introduced the iCDTM, featuring a real-time learning algorithm that improves shock specificity and reduces unnecessary pacing.
3. April 2025 - Boston Scientific Unveils Resonate Neo CRT-D with Remote Programming
Boston Scientific launched a next-gen CRT-D device that allows secure remote firmware upgrades and AI-guided optimization of pacing thresholds.
4. March 2025 - BIOTRONIK Collaborates with European Hospitals for Remote Monitoring Study
BIOTRONIK initiated a multinational study to assess cost savings and patient outcomes with continuous remote ICD monitoring.
5. January 2025 - Shree Pacetronix Expands Manufacturing in India with New Leadless Pacemaker Line
Shree Pacetronix announced its entry into the leadless pacemaker space, supported by government subsidies and Make-in-India incentives.

Events and Implications
• ICD Use in Heart Failure Grows: Cardiac resynchronization therapy with defibrillation (CRT-D) is becoming standard in end-stage heart failure care.
• Pacemakers in Developing Markets: Local manufacturing, tiered pricing, and public health programs are enabling faster adoption in Asia and Africa.
• Digital Twin Technology: Predictive software that models heart behavior and device response is being tested by leading vendors.
• Minimalist Implants for Pediatrics: Pediatric cardiology is seeing demand for smaller, customizable pacemakers with flexible thresholds.
• Shift Toward Same-Day Discharge: Minimally invasive implantation, especially with leadless pacemakers, supports outpatient procedures.

Conclusion
The Pacemakers and ICDs Market is a vital component of global cardiac care-advancing in sync with breakthroughs in remote health, AI-powered diagnostics, and minimally invasive therapy. While challenges around cost and surgical infrastructure persist, innovations like leadless implants, home monitoring, and rechargeable devices are enhancing both clinical outcomes and patient experience.
As chronic heart conditions rise worldwide, particularly in aging populations, pacemakers and ICDs will remain indispensable life-saving devices-with the future shaped by smarter, safer, and more accessible technologies.

This report is also available in the following languages : Japanese (ペースメーカーおよびICD市場), Korean (심장 박동기 및 ICD 시장), Chinese (起搏器和ICD市场), French (Marché des stimulateurs cardiaques et des DCI), German (Markt für Herzschrittmacher und ICDs), and Italian (Mercato dei pacemaker e dei defibrillatori impiantabili (ICD)), etc.

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About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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