Transformative Trends Impacting the External Pacemakers Market Landscape: 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, the external pacemakers market has seen robust growth. From $1.52 billion in 2024, the market is projected to expand to $1.6 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. Factors responsible for the growth during the historic period comprise the move towards less invasive surgical processes, the need for minimally invasive structural heart devices, continuous training and education schemes for healthcare professionals, the escalation in healthcare spending, along with a rising preference among patients for non-surgical or minimally invasive treatment alternatives.

How Big Is the External Pacemakers Market Size Expected to Grow by 2029?
The market for external pacemakers is predicted to witness robust growth in the coming years, with its size expected to increase to $1.99 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 5.6%. Factors contributing to this upward trend during the forecast period may include a rising elderly population, greater understanding of cardiovascular health, initiation of health screening plans, advantageous refund policies for structural cardiac treatments, and prompt regulatory clearances for new cardiac devices. Key trends foreseen during the forecast period include growing preference for transcatheter valve replacements, continuous innovation in device creation using superior materials, increased focus on tailor-made treatment strategies, escalating adoption of combined procedures, and the integration of remote patient monitoring and telemedicine solutions.

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Which Key Market Drivers Powering External Pacemakers Market Expansion and Growth?
The anticipated increase in cardiovascular disease instances is predicted to fuel the expansion of the external pacemaker industry. This category of diseases affects the heart or blood vessels. The incidence of cardiovascular illnesses is rising due to factors like inactive lifestyles, poor eating habits rich in processed foods and sugars, increasing obesity rates, smoking, high blood pressure, and stress. External pacemakers, which are used to regulate irregular heart rhythms and enhance heart function, are common in cardiovascular disease treatment. The World Heart Federation, a non-profit based in Switzerland, projected in October 2022 that the number of deaths caused by cardiovascular disease (CVD) would increase from 18.9 million in 2020 to surpass 22.2 million by 2030 and could soar to 32.3 million by 2050. As a result, the increasing occurrence of cardiovascular illnesses is likely to boost the external pacemaker industry's growth.

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What Long-Term Trends Will Define the Future of the External Pacemakers Market?
Foremost corporations in the external pacemaker market are focusing on the advancement of innovative products, like compact pacemakers, to enhance battery longevity and secure their position in the competitive market. Compact, or leadless pacemakers, are tiny electronic gadgets implanted in the heart to control its pace. For instance, in May 2023, Ireland-based medical device manufacturer, Medtronic Plc, was granted approval from the Food and Drug Administration for Micra AV2 and Micra VR2 - the new generation of its top-ranking compact, leadless pacemakers. These devices offer up to 40% extended battery life than previous models, with an estimated median battery lifespan of approximately 16 to 17 years. These devices are also equipped with advanced algorithms for automatic AV synchrony programming and enhanced tracking capabilities for active patients. Micra pacemakers mitigate complications and improve the patients' experience due to their small 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 2024. 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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