Product Code: IRTNTR75106
Cardiac Pacemakers Market 2024-2028
The cardiac pacemakers market is forecasted to grow by USD 5154.4 mn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the cardiac pacemakers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing prevalence of cardiovascular diseases, favorable reimbursement policies in health care industry, and rising demand on pacemakers in emerging markets.
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.23% |
CAGR | 6.78% |
Incremental Value | $5154.4 mn |
Technavio's cardiac pacemakers market is segmented as below:
By Product Type
- Implantable cardiac pacemakers
- External cardiac pacemakers
By Technology
- Single-chamber cardiac pacemakers
- Dual-chamber cardiac pacemakers
- BI-ventricular cardiac pacemakers
By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the increasing use of remote monitoring as one of the prime reasons driving the cardiac pacemakers market growth during the next few years. Also, focus on smaller and more discreet devices and integration of artificial intelligence (AI) and machine learning (ML) into healthcare equipment will lead to sizable demand in the market.
The report on the cardiac pacemakers market covers the following areas:
- Cardiac pacemakers market sizing
- Cardiac pacemakers market forecast
- Cardiac pacemakers market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cardiac pacemakers market vendors that include Abbott Laboratories, Asahi Kasei Corp., BIOTRONIK SE and Co. KG, Boston Scientific Corp., Cook Group Inc., Edwards Lifesciences Corp., Lepu Medical Technology Beijing Co. Ltd., LivaNova PLC, Med Rel Inc., MEDICO S.R.L., Medtronic, MicroPort Scientific Corp., OSCOR Inc., Osypka Medical GmBH, Shree Pacetronix Ltd., and Uscom. Also, the cardiac pacemakers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Product Type
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Cardiac Pacemakers Market 2018 - 2022
- Historic Market Size - Data Table on Global Cardiac Pacemakers Market 2018 - 2022 ($ million)
- 4.2 Product Type segment analysis 2018 - 2022
- Historic Market Size - Product Type Segment 2018 - 2022 ($ million)
- 4.3 Technology segment analysis 2018 - 2022
- Historic Market Size - Technology Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product Type
- 6.1 Market segments
- Chart on Product Type - Market share 2023-2028 (%)
- Data Table on Product Type - Market share 2023-2028 (%)
- 6.2 Comparison by Product Type
- Chart on Comparison by Product Type
- Data Table on Comparison by Product Type
- 6.3 Implantable cardiac pacemakers - Market size and forecast 2023-2028
- Chart on Implantable cardiac pacemakers - Market size and forecast 2023-2028 ($ million)
- Data Table on Implantable cardiac pacemakers - Market size and forecast 2023-2028 ($ million)
- Chart on Implantable cardiac pacemakers - Year-over-year growth 2023-2028 (%)
- Data Table on Implantable cardiac pacemakers - Year-over-year growth 2023-2028 (%)
- 6.4 External cardiac pacemakers - Market size and forecast 2023-2028
- Chart on External cardiac pacemakers - Market size and forecast 2023-2028 ($ million)
- Data Table on External cardiac pacemakers - Market size and forecast 2023-2028 ($ million)
- Chart on External cardiac pacemakers - Year-over-year growth 2023-2028 (%)
- Data Table on External cardiac pacemakers - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Product Type
- Market opportunity by Product Type ($ million)
- Data Table on Market opportunity by Product Type ($ million)
7 Market Segmentation by Technology
- 7.1 Market segments
- Chart on Technology - Market share 2023-2028 (%)
- Data Table on Technology - Market share 2023-2028 (%)
- 7.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
- 7.3 Single-chamber cardiac pacemakers - Market size and forecast 2023-2028
- Chart on Single-chamber cardiac pacemakers - Market size and forecast 2023-2028 ($ million)
- Data Table on Single-chamber cardiac pacemakers - Market size and forecast 2023-2028 ($ million)
- Chart on Single-chamber cardiac pacemakers - Year-over-year growth 2023-2028 (%)
- Data Table on Single-chamber cardiac pacemakers - Year-over-year growth 2023-2028 (%)
- 7.4 Dual-chamber cardiac pacemakers - Market size and forecast 2023-2028
- Chart on Dual-chamber cardiac pacemakers - Market size and forecast 2023-2028 ($ million)
- Data Table on Dual-chamber cardiac pacemakers - Market size and forecast 2023-2028 ($ million)
- Chart on Dual-chamber cardiac pacemakers - Year-over-year growth 2023-2028 (%)
- Data Table on Dual-chamber cardiac pacemakers - Year-over-year growth 2023-2028 (%)
- 7.5 Bi-ventricular cardiac pacemakers - Market size and forecast 2023-2028
- Chart on Bi-ventricular cardiac pacemakers - Market size and forecast 2023-2028 ($ million)
- Data Table on Bi-ventricular cardiac pacemakers - Market size and forecast 2023-2028 ($ million)
- Chart on Bi-ventricular cardiac pacemakers - Year-over-year growth 2023-2028 (%)
- Data Table on Bi-ventricular cardiac pacemakers - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by Technology
- Market opportunity by Technology ($ million)
- Data Table on Market opportunity by Technology ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 Asia - Market size and forecast 2023-2028
- Chart on Asia - Market size and forecast 2023-2028 ($ million)
- Data Table on Asia - Market size and forecast 2023-2028 ($ million)
- Chart on Asia - Year-over-year growth 2023-2028 (%)
- Data Table on Asia - Year-over-year growth 2023-2028 (%)
- 9.6 Rest of World (ROW) - Market size and forecast 2023-2028
- Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
- Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
- Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
- Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
- 9.7 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.8 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 9.9 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.10 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.12 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Abbott Laboratories
- Abbott Laboratories - Overview
- Abbott Laboratories - Business segments
- Abbott Laboratories - Key news
- Abbott Laboratories - Key offerings
- Abbott Laboratories - Segment focus
- 12.4 Asahi Kasei Corp.
- Asahi Kasei Corp. - Overview
- Asahi Kasei Corp. - Business segments
- Asahi Kasei Corp. - Key news
- Asahi Kasei Corp. - Key offerings
- Asahi Kasei Corp. - Segment focus
- 12.5 BIOTRONIK SE and Co. KG
- BIOTRONIK SE and Co. KG - Overview
- BIOTRONIK SE and Co. KG - Product / Service
- BIOTRONIK SE and Co. KG - Key offerings
- 12.6 Boston Scientific Corp.
- Boston Scientific Corp. - Overview
- Boston Scientific Corp. - Business segments
- Boston Scientific Corp. - Key news
- Boston Scientific Corp. - Key offerings
- Boston Scientific Corp. - Segment focus
- 12.7 Cook Group Inc.
- Cook Group Inc. - Overview
- Cook Group Inc. - Product / Service
- Cook Group Inc. - Key offerings
- 12.8 Lepu Medical Technology Beijing Co. Ltd.
- Lepu Medical Technology Beijing Co. Ltd. - Overview
- Lepu Medical Technology Beijing Co. Ltd. - Product / Service
- Lepu Medical Technology Beijing Co. Ltd. - Key offerings
- 12.9 LivaNova PLC
- LivaNova PLC - Overview
- LivaNova PLC - Business segments
- LivaNova PLC - Key news
- LivaNova PLC - Key offerings
- LivaNova PLC - Segment focus
- 12.10 Med Rel Inc.
- Med Rel Inc. - Overview
- Med Rel Inc. - Product / Service
- Med Rel Inc. - Key offerings
- 12.11 MEDICO S.R.L.
- MEDICO S.R.L. - Overview
- MEDICO S.R.L. - Product / Service
- MEDICO S.R.L. - Key offerings
- 12.12 Medtronic
- Medtronic - Overview
- Medtronic - Business segments
- Medtronic - Key news
- Medtronic - Key offerings
- Medtronic - Segment focus
- 12.13 MicroPort Scientific Corp.
- MicroPort Scientific Corp. - Overview
- MicroPort Scientific Corp. - Business segments
- MicroPort Scientific Corp. - Key news
- MicroPort Scientific Corp. - Key offerings
- MicroPort Scientific Corp. - Segment focus
- 12.14 OSCOR Inc.
- OSCOR Inc. - Overview
- OSCOR Inc. - Product / Service
- OSCOR Inc. - Key offerings
- 12.15 Osypka Medical GmBH
- Osypka Medical GmBH - Overview
- Osypka Medical GmBH - Product / Service
- Osypka Medical GmBH - Key offerings
- 12.16 Shree Pacetronix Ltd.
- Shree Pacetronix Ltd. - Overview
- Shree Pacetronix Ltd. - Product / Service
- Shree Pacetronix Ltd. - Key offerings
- 12.17 Uscom
- Uscom - Overview
- Uscom - Product / Service
- Uscom - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 3.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations