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External Pacemaker Market Trends

  • Report ID: 2576
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Global External Pacemaker Market

1. Introduction

1.1. Market Definition

1.2. Market Segmentation

1.3. Product Overview

2. Assumptions and Acronyms

3. Research Methodology

4. Executive Summary - Global External Pacemaker Market

5. Market Dynamics

5.1. Drivers

5.2. Restraints

5.3. Trends

6. Key Market Opportunities

7. OTC Pregnancy Test Kits -Risk Analysis

7.1. Demand Risk Analysis

7.2. Supply Risk Analysis

8. Impact of COVID-19 on External Pacemaker and Overall Healthcare Industry

9. Policy and Regulatory Landscape

10.Global External Pacemaker Market Outlook

10.1. Market Size and Forecast, 2018-2028

10.1.1.  By Value (USD Million)

v By Product

o Pulse Generator Device and Leads Market Size (USD million), 2018-2028

v By Device

o Pulse Generator Device and Leads Market Size (USD million), 2018-2028

v By Distribution Channel

o Online and Offline Market Size (USD million), 2018-2028

v By End User

o Hospitals, Ambulatory Surgical Centers and Others Market Size (USD million), 2018-2028

v By Region

o North America External Pacemaker Market Size (USD million), 2018-2028

§ By Product

· Pulse Generator Device and Leads Market Size (USD million), 2018-2028

§ By Device

· Pulse Generator Device and Leads Market Size (USD million), 2018-2028

§ By Distribution Channel

· Online and Offline Market Size (USD million), 2018-2028

§ By End User

· Hospitals, Ambulatory Surgical Centers and Others Market Size (USD million), 2018-2028

§ By Country

· Macro-economic Indicators Impacting the Growth of North America External Pacemaker Market

· U.S. & Canada External Pacemaker Market, 2018-2028F (USD million)

o Europe External Pacemaker Market Size (USD million), 2018-2028

§ By Product

· Pulse Generator Device and Leads Market Size (USD million), 2018-2028

§ By Device

· Pulse Generator Device and Leads Market Size (USD million), 2018-2028

§ By Distribution Channel

· Online and Offline Market Size (USD million), 2018-2028

§ By End User

· Hospitals, Ambulatory Surgical Centers and Others Market Size (USD million), 2018-2028

§ By Country

· Macro-economic Indicators Impacting the Growth of Europe External Pacemaker Market

· UK, Germany, France, Italy, Spain, Russia and Rest of Europe External Pacemaker Market, 2018-2028F (USD million)

o Asia Pacific External Pacemaker Market Size (USD million), 2018-2028

§ By Product

· Pulse Generator Device and Leads Market Size (USD million), 2018-2028

§ By Device

· Pulse Generator Device and Leads Market Size (USD million), 2018-2028

§ By Distribution Channel

· Online and Offline Market Size (USD million), 2018-2028

§ By End User

· Hospitals, Ambulatory Surgical Centers and Others Market Size (USD million), 2018-2028

§ By Country

· Macro-economic Indicators Impacting the Growth of Asia Pacific External Pacemaker Market

· China, India, Japan, South Korea, Australia, Malaysia and Rest of Asia Pacific External Pacemaker Market, 2018-2028F (USD million)

o Latin America External Pacemaker Market Size (USD million), 2018-2028

§ By Product

· Pulse Generator Device and Leads Market Size (USD million), 2018-2028

§ By Device

· Pulse Generator Device and Leads Market Size (USD million), 2018-2028

§ By Distribution Channel

· Online and Offline Market Size (USD million), 2018-2028

§ By End User

· Hospitals, Ambulatory Surgical Centers and Others Market Size (USD million), 2018-2028

§ By Country

· Macro-economic Indicators Impacting the Growth of Latin America External Pacemaker Market

· Brazil, Mexico & Rest of Latin America External Pacemaker Market, 2018-2028F (USD million)

o Middle East and Africa External Pacemaker Market Size (USD million), 2018-2028

§ By Product

· Pulse Generator Device and Leads Market Size (USD million), 2018-2028

§ By Device

· Pulse Generator Device and Leads Market Size (USD million), 2018-2028

§ By Distribution Channel

· Online and Offline Market Size (USD million), 2018-2028

§ By End User

· Hospitals, Ambulatory Surgical Centers and Others Market Size (USD million), 2018-2028

§ By Country

· Macro-economic Indicators Impacting the Growth of Middle East and Africa External Pacemaker Market

· United Arab Emirates, Saudi Arabia, Israel, South Africa and Rest of Middle East & Africa External Pacemaker Market, 2018-2028F (USD million)

11. Competitive Structure

11.1. Detailed Overview

11.2. Assessment of Key Product Offerings

11.3. Analysis of Growth Strategies 

11.4. Key Collaborations and Joint Ventures

11.5. Key Mergers and Acquisitions

11.6. Recent News and Developments

11.7. Key Clients and Partners

11.8. Exhaustive Analysis on Key Financial Indicators

11.8.1. Biotronik

11.8.2. Medtronic

11.8.3. Osypka Medical

11.8.4. Braile Biomedica

11.8.5. Boston Scientific

11.8.6. Oscor

11.8.7. Galix Biomedical Instrumentation Inc.

11.8.8. Pacetronix

12. Strategic Recommendations

External Pacemaker Market Trends

Growth Drivers

  • Growing Cases of Cardiovascular Diseases Globally: Globally, cardiovascular diseases are the leading cause of death. According to World Heart Federation, over 18 million people suffered from cardiovascular disease across the world in the year 2019. Almost 4 out of 5 CVD death occurred due to strokes and heart attack, and 1 out of 3 deaths occur prematurely in people under the age of 70. Unhealthy diet, physical inactivity, alcohol & tobacco consumption, high blood cholesterol, and diabetes are most common cause of cardiovascular disease. According to World Health Organization, Asia Pacific accounted for the highest number of deaths per 100,000 in the year 2019 with China being the country with most CVD deaths. Also, it was noted that higher incidence of heart attacks was reported from men in comparison to women. According to the Centers for Disease Control and prevention, an estimated 6 in 10 adults in the United States suffer from chronic diseases. Moreover, prevalence of self-reported inactivity among adults decreased from 40.1% to 26.9% and obesity has nearly tripled since 1975. Sedentary lifestyle, eating habits and various eternal factors have contributed to the declining health and with an evident rise in CVDs across the world, resulting in a rise in demand for efficient medical devices, such as external pacemakers, to minimize the progression of the disorder.

Challenges

  • High Cost of Product and Unfavorable Reimbursement Policies: Various manufacturers rely on outside suppliers to provide many of the component parts. The production of an external pacemaker is not a linear process but an integrated one. Component parts such as the battery, leads, and the circuitry are constructed individually, then pieced together to form the final product. Moreover, the cost of microprocessors is also high due to the complexity involved in manufacturing of small motherboards. The high cost of the product and the unfavorable reimbursement policies are therefore anticipated to act as a barrier towards the growth of the global market.

External Pacemaker Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

3.5%

Base Year Market Size (2023)

USD 1.72 billion

Forecast Year Market Size (2036)

USD 2.69 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Radhika Pawar


  • Report ID: 2576
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of external pacemaker is estimated at USD 1.77 billion.

External Pacemaker Market size was valued at USD 1.72 billion in 2023 and is likely to cross USD 2.69 billion by 2036, registering more than 3.5% CAGR during the forecast period i.e., between 2024-2036.

North America industry is expected to hold largest revenue share of 39% by 2036

The major players in the market are Biotronik SE & Co KG, Medtronic plc, Osypka Medical GmbH, Braile Biomedica, Boston Scientific Corporation, Oscor Inc., Galix Biomedical Instrumentation Inc. and Shree Pacetronix Ltd.
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