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Global Pacemakers Market by Type (Implantable Cardiac Pacemakers, External Cardiac Pacemakers), By Application (Hospitals, ASCs, Clinics) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: MDC-511
  • Author: Up Market Research
  • Rating: 5.0
  • Total Reviews: 91
  • No. Of Pages: 219
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  • Pub. Date: 2021-03-01
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The Global Pacemakers Market size is projected to grow at a CAGR of 6.0% from 2021-2028. The growth can be attributed to factors such as the increasing prevalence of cardiac disorders globally and advancements in technology.


Pacemakers are electronic devices that regulate the heart’s rhythm and restore its natural regularity. A pacemaker is a battery-operated device that provides an electrical impulse to produce contractions of the myocardium (the muscular layer of the heart). It uses pulses of electricity to tell your heart how fast it should be beating.

These devices have no wires or leads and do not require surgery for implantation. These pacemakers can be implanted under someone's collarbone, in their chest wall just below where one would wear a breastplate, or on top of their shoulder blade beneath where they would wear their shirt. Some pacemakers are surgically placed inside the lower abdomen, near internal organs such as the stomach and intestines.


On the basis of Types, the market is segmented into Implantable Cardiac Pacemakers and External Cardiac Pacemakers.


Implantable Cardiac Pacemakers:


Implantable Cardiac Pacemakers are electronic devices inserted into the body to help control abnormal heart rhythms and maintain a proper heart rate. These pacemaker implantables can be implanted either inside the cardiac muscle (myocardium) or just below where someone would wear their breastplate, in order to sense electrical impulses of the heart and send back an electric impulse that helps regulate it.


External Cardiac Pacemakers:


External cardiac pacemakers are a type of medical device that is used for stimulating the heart. These devices generate electrical impulses through wires in order to control abnormal rhythms (arrhythmias) and help maintain a normal rhythm. They also prevent additional bradycardia or tachycardia as well as allow physicians to assess the status of patients with arrhythmia.


On the basis of Application, the market is segmented into hospitals, ambulatory surgical centers (ASC), and clinics. The hospital's segment is further sub-segmented into public hospitals and private hospitals.



Pacemakers are used to regulate the abnormal heart rhythm and provide a normal, steady heartbeat. Hospitals can be characterized as acute care facilities that treat patients with life-threatening conditions or chronic diseases on an inpatient basis. Most of the pacemaker implantation procedures take place at hospitals because they have specialized equipment for such invasive surgeries.


Ambulatory Surgical Centers (ASC):

The use of pacemakers in ambulatory surgical centers (ASC) is minimal because only a few cases are complex enough to warrant an implant. However, the trend of increasing usage in ASCs might continue as there will be more and more complicated surgeries that require special care on behalf of patients.



Pacemakers are implemented in clinics to manage disorders of the heart rhythm. They come into play when an individual has a chronic condition such as congestive heart failure, which causes their electrical system to malfunction and lead them to faint or experience dizziness.


On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The market in North America is expected to dominate the global pacemaker market with a share of over 40% by 2028 owing to the higher adoption of digital technologies in this region as compared to that of other regions.

Asia Pacific is projected to register the highest CAGR of over 17% from 2021-2028. This can be attributed to the increasing adoption of Cardiac Pacemakers in this region, owing mainly to the growth in the middle-class population and increase awareness among people about these devices as a treatment for heart problems.


Growth Factors For The Pacemakers Market:

The growth factors of the pacemakers market are increased awareness among people about these devices as a treatment for heart problems, increasing adoption of digital technologies in North America and the Asia Pacific.

The growing demand for minimally invasive surgeries and the rising number of cases of obesity are anticipated to be some key drivers that will propel the market growth. In addition, increased awareness among patients about low-risk surgery with minimal recovery time, lower risk of side effects or infection at various ASCs as well as the reduced cost associated with surgery at an ASC may provide significant opportunities for expansion in this segment during the next few years.

In the next few years, pacemakers devices are anticipated to be used in a number of new and emerging applications such as structural heart diseases. The rise in demand for minimally invasive surgery is expected to provide significant opportunities for market growth due to its low-risk nature associated with minimal recovery time, lower risk of side effects or infection at various ASCs.

The growing adoption of digital technologies may also propel this segment during the forecast period. However, some factors that can impede the global pacemaker market include lack of awareness among people about these devices as a treatment for heart problems; difficulty in accessing healthcare infrastructure (clinical services), high cost associated with hospitalization and surgical procedures, etc., limited access to financing options like insurance schemes by patients, and lack of skilled medical professionals in developing countries.


Up Market Research published a new report titled “Pacemakers Market research report which is segmented by Types (Implantable Cardiac Pacemakers, External Cardiac Pacemakers), By Applications (Hospitals, ASCs, Clinics), By Players/Companies Boston Scientific, Medtronic, Cardiac Science, CCC Medical Devices, Cook Medical, GE Healthcare, MEDICO, SORIN GROUP, ZOLL Medical Corporation”. 


Report Scope

Report Attributes Report Details
Report Title Pacemakers Market Research Report
By Type Implantable Cardiac Pacemakers, External Cardiac Pacemakers
By Application Hospitals, ASCs, Clinics
By Companies Boston Scientific, Medtronic, Cardiac Science, CCC Medical Devices, Cook Medical, GE Healthcare, MEDICO, SORIN GROUP, ZOLL Medical Corporation
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 219
Number of Tables & Figures 154
Customization Available Yes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Pacemakers Industry Outlook

Global Pacemakers Market Report Segments:

The market is segmented by Type Implantable Cardiac Pacemakers, External Cardiac Pacemakers and By Application Hospitals, ASCs, Clinics.


Some of the companies that are profiled in this report are:

  1. Boston Scientific
  2. Medtronic
  3. Cardiac Science
  4. CCC Medical Devices
  5. Cook Medical
  6. GE Healthcare
  9. ZOLL Medical Corporation

Pacemakers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Pacemakers Market

Overview of the regional outlook of the Pacemakers Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Pacemakers Market Overview

Highlights of The Pacemakers Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Pacemakers Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Implantable Cardiac Pacemakers

                2. External Cardiac Pacemakers

       7. By Application:

                1. Hospitals

                2. ASCs

                3. Clinics

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Pacemakers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Pacemakers Market Statistics

Reasons to Purchase the Pacemakers Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pacemakers Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Pacemakers Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Pacemakers Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Pacemakers Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Pacemakers Market Size & Forecast, 2018-2028 
      4.5.1 Pacemakers Market Size and Y-o-Y Growth 
      4.5.2 Pacemakers Market Absolute $ Opportunity 

Chapter 5 Global Pacemakers Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Pacemakers Market Size Forecast by Type
      5.2.1 Implantable Cardiac Pacemakers
      5.2.2 External Cardiac Pacemakers
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Pacemakers Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Pacemakers Market Size Forecast by Applications
      6.2.1 Hospitals
      6.2.2 ASCs
      6.2.3 Clinics
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Pacemakers Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Pacemakers Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Pacemakers Analysis and Forecast
   9.1 Introduction
   9.2 North America Pacemakers Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Pacemakers Market Size Forecast by Type
      9.6.1 Implantable Cardiac Pacemakers
      9.6.2 External Cardiac Pacemakers
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Pacemakers Market Size Forecast by Applications
      9.10.1 Hospitals
      9.10.2 ASCs
      9.10.3 Clinics
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Pacemakers Analysis and Forecast
   10.1 Introduction
   10.2 Europe Pacemakers Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Pacemakers Market Size Forecast by Type
      10.6.1 Implantable Cardiac Pacemakers
      10.6.2 External Cardiac Pacemakers
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Pacemakers Market Size Forecast by Applications
      10.10.1 Hospitals
      10.10.2 ASCs
      10.10.3 Clinics
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Pacemakers Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Pacemakers Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Pacemakers Market Size Forecast by Type
      11.6.1 Implantable Cardiac Pacemakers
      11.6.2 External Cardiac Pacemakers
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Pacemakers Market Size Forecast by Applications
      11.10.1 Hospitals
      11.10.2 ASCs
      11.10.3 Clinics
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Pacemakers Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Pacemakers Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Pacemakers Market Size Forecast by Type
      12.6.1 Implantable Cardiac Pacemakers
      12.6.2 External Cardiac Pacemakers
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Pacemakers Market Size Forecast by Applications
      12.10.1 Hospitals
      12.10.2 ASCs
      12.10.3 Clinics
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Pacemakers Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Pacemakers Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Pacemakers Market Size Forecast by Type
      13.6.1 Implantable Cardiac Pacemakers
      13.6.2 External Cardiac Pacemakers
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Pacemakers Market Size Forecast by Applications
      13.10.1 Hospitals
      13.10.2 ASCs
      13.10.3 Clinics
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Pacemakers Market: Competitive Dashboard
   14.2 Global Pacemakers Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Boston Scientific
      14.3.2 Medtronic
      14.3.3 Cardiac Science
      14.3.4 CCC Medical Devices
      14.3.5 Cook Medical
      14.3.6 GE Healthcare
      14.3.7 MEDICO
      14.3.8 SORIN GROUP
      14.3.9 ZOLL Medical Corporation
Segments Covered in the Report
The global Pacemakers market has been segmented based on

By Types
  • Implantable Cardiac Pacemakers
  • External Cardiac Pacemakers
By Applications
  • Hospitals
  • ASCs
  • Clinics
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Boston Scientific
  • Medtronic
  • Cardiac Science
  • CCC Medical Devices
  • Cook Medical
  • GE Healthcare
  • ZOLL Medical Corporation

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