External Pacemakers Market Trends That Will Shape the Next Decade: Insights from Innovative Next-Generation Pacemakers For Advancements In The External Pacemaker Market

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How Large Will the External Pacemakers Market Size By 2025?
In recent times, we have witnessed a robust growth in the market size for external pacemakers. A surge from $1.52 billion in 2024 to $1.61 billion in 2025, marking a compound annual growth rate (CAGR) of 6.0%, has been projected. Factors such as a shift to less invasive surgery methods, increased demand for minimally invasive structural heart devices, continuous education and training programs for healthcare professionals, escalated healthcare spending, and a spike in patient preference for non-surgical or minimally invasive treatment alternatives are responsible for the historical growth period.

How Big Is the External Pacemakers Market Size Expected to Grow by 2029?
The size of the external pacemakers market is predicted to experience robust expansion in the forthcoming years, reaching a value of $2.01 billion in 2029 with a compound annual growth rate (CAGR) of 5.6%. The escalation foreseen in the forecast period can be ascribed to factors such as the escalating elderly demographic, heightened consciousness about cardiac well-being, the institution of screening systems, advantageous insurance policies for structural heart operations, and prompt governmental authorizations for novel structural cardiac devices. Key trends expected in the forecast period comprise the increasing acceptance of transcatheter valve replacements, the continuous development of advanced devices utilizing new-age materials, growing focus on individualized treatment methodologies, rising inclination towards hybrid procedures, and the incorporation of remote supervision and telehealth solutions.

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Which Key Market Drivers Powering External Pacemakers Market Expansion and Growth?
The escalation in the prevalence of cardiovascular diseases is predicted to push the growth of the external pacemaker market forward. Cardiovascular disease (CVD) constitutes a category of illnesses that impact the heart or blood vessels. The prevalence of these diseases is escalating due to a multitude of contributing factors like inactive lifestyles, poor eating habits enriched with processed foods and sugars, a rising obesity rate, tobacco use, hypertension, and stress. External pacemakers play a crucial role in cardiovascular disease management by controlling heart rhythm irregularities and enhancing cardiac function. For example, according to projections from the World Heart Federation, a Switzerland-based NGO, in October 2022, the deaths caused by cardiovascular diseases are expected to increase from 18.9 million in 2020 to over 22.2 million by 2030 and further rise to 32.3 million by 2050. Thus, this rise in instances of cardiovascular problems is forecasted to fuel the expansion of the external pacemaker market. Growth in Cardiac Resynchronization Therapy Market Powered by Rising Healthcare Expenditure: Driver for External Pacemakers Market

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Which Fast-Growing Trends Are Poised to Disrupt the External Pacemakers Market?
Major firms in the external pacemaker market are thriving by creating cutting-edge products like mini-sized pacemakers, enhancing battery durability, and establishing a competitive advantage. Miniaturized or leadless pacemakers, tiny electronic apparatus implanted in the heart, help regulate its beat. For instance, Medtronic Plc, an Ireland-based healthcare device corporation, garnered the approval of the Food and Drug Administration in May 2023 for Micra AV2 and Micra VR2, which represent the next step in their industry-leading leadless, miniaturized pacemakers. These pacemakers provide up to 40% extended battery life compared to their predecessors, offering a projected median battery lifespan of about 16 to 17 years. Equipped with sophisticated algorithms for automatic AV synchrony programming and enhanced tracking abilities for active patients, Micra pacemakers reduce potential complications and enhance patient comfort due to their compact size and absence of leads or surgical pockets.

What Are the Emerging Segments in 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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Who Are the Global Leaders 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.

Which are the Top Profitable Regional Markets for the External Pacemakers Industry?
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.

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