External Pacemaker Market Segmentation:
Product Type Segment Analysis
The temporary external pacemakers segment is expected to garner the highest share of 48.6% in the external pacemaker market by the end of 2035. The dominance of the segment is attributed to its extensive usage in post-surgery recovery in cardiac care units, ICUs, and emergency cardiac units. Besides, in 2023 CDC reported that nearly 806,000 heart surgeries were performed in the U.S. in a year and used temporary pacing during recovery. Furthermore, the American Heart Association states that dual-chamber pacemakers improve hemodynamic efficiency by synchronizing atrial and ventricular contractions, reducing complications such as pacemaker syndrome. Thus, denoting a positive market outlook.
End User Segment Analysis
The hospitals and cardiac centers segment is projected to grow at a lucrative share of 62.5% in the external pacemaker market during the forecast period. The growth in the segment is subject to remarkable cardiac care in terms of specialized cardiac units, electrophysiology labs, and 24/7 emergency services. Besides the rising mortality rates, which is WHO 2023 report estimated at 18.2 million annual deaths due to CVDs, also concerns healthcare facilities to incorporate innovative pacemakers. Furthermore, hospitals are the go-to solution, offering all cardiac measures, thereby driving business in the pacemaker sector.
Our in-depth analysis of the global market includes the following segments:
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