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Cardiac Pacemakers Market

Cardiac Pacemakers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027

  • According to Transparency Market Research’s latest report on the global cardiac Pacemakers market for the historical period 2017–2018 and forecast period 2019–2027, increase in incidence of cardiovascular diseases, and rise in geriatric population are projected to drive the global market during the forecast period
  • According to the report, the market was valued at US$ 9,514.0 Mn in 2018 and is anticipated to expand at a CAGR of 7.8% from 2019 to 2027
global cardiac pacemakers market

Increasing demand for minimally-invasive procedures to Promote Usage of Cardiac Pacemakers: Key Drivers

  • Minimally invasive procedures include reduced stay in the hospital, limited incision, fewer pain following surgery and faster healing period. Such advantages draw doctors and thereby increase the number of doctors who opt for minimally invasive surgery. Both procedures ensure the patient experiences minimum pain and distress.
  • Globally, minimally-invasive cardiac procedures were around 15 million in 2017, and are estimated to reach 30 million by 2030. These statistics provide an understanding of the rising trend in the number of minimally-invasive surgeries performed globally.
  • Rapid changes in technology are expected to further accelerate the number of minimally-invasive surgeries. Thus, a rise in the number of minimally-invasive surgeries is likely to drive the overall cardiac pacemakers industry. Hence, this driver would have a high impact on the growth of the market throughout the forecast period.

Rise in Geriatric Population Boost Market Growth

  • Rise in the geriatric population directly affects the growth and development of cardiac pacemaker products. This is primarily due to aged people are highly susceptible to cardiovascular diseases such as sick sinus syndrome and atrio-ventricular blockage.
  • Growth in the global base of population over 65 years of age would act as a high impact driver of the market. According to the U.S. Census Board, people older than 65 years represented around 13% of the total population; this percentage is expected to grow at an estimated 20% by 2030. According to the World Health Organization, the global geriatric population is anticipated to reach 1.5 billion by 2050. Other countries aging at a rapid pace are the U.S., Japan, and Germany. The impact of this driver is expected to remain high during the forecast period as the global geriatric population is constantly rising.
  • Furthermore, the United Nations Population Division published in 2013 that the global geriatric population is expected to more than double, from 841 million in 2013 to 2 billion by 2050. It also revealed that people aged 80 years and above accounted for 14% of the global geriatric population in 2013 and the percentage is projected to reach 19% in 2050.
  • The average age of patients receiving pacemaker implantation is 72 in case of men and 76 in case of woman in Europe; 68 in case of men and 72 in case of women in US; 66 in case of men and 67 in case of women in Asia-Pacific; 59 in both men and women in Middle East & Africa, and 66 in case of men and 67 in case of women in Latin America.
  • Therefore, consistent increase in the geriatric population across the world has been identified as a major factor fueling the growth of the cardiac pacemaker market

Strict Regulatory Approval to Hamper Market

  • Pacemakers are regarded as class III high-risk medical devices by the U.S. FDA. Therefore, these devices undergo rigorous safety and efficacy tests prior to receiving approval. Burden of excise duty of 2.5% on all medical devices is one of the clauses that would restrain the growth of the market.
  • Moreover, these devices need to obtain a premarket approval, which is an expensive and lengthy process. The restraint would have a low impact due to the fact that safety and efficacy are the two most imperative objectives of a manufacturer.
  • Profit margins associated with successful commercialization of a product significantly outweigh the cost factor entailed by manufacturers during the clinical trial process.

Competitive Landscape

  • This report profiles major players in the global cardiac pacemakers market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global market is highly fragmented, with the presence of a number of international as well as regional players
  • Leading players operating in the market are

Key Developments

Key players in the cardiac Pacemakers market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the market. A few expansion strategies adopted by players operating in the market are:

  • In January 2020, Medtronic received the U.S. FDA approval for Micra™ AV, the world’s smallest pacemaker with atrioventricular (AV) synchrony.
  • January 15, 2019, Medtronic launched MyCareLink Heart(TM) mobile app to support the world's first and only portfolio of pacemakers that can communicate directly with patients' smartphones and tablets.

The report on the cardiac Pacemakers market discussed individual strategies, followed by company profiles of manufacturers of cardiac pacemakers. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the market.

Frequently Asked Questions

What is the total market worth of cardiac pacemakers?

The global market was worth US$ 9,514.0 Mn and is projected to reach a value of US$ 18,633.9 Mn by the end of 2027

What is the anticipated CAGR of the market in forecast period?

Cardiac pacemakers market is anticipated to grow at a CAGR of 7.8% during the forecast period

Which region is expected to project the highest market share in cardiac pacemakers?

North America accounted for a major share of the global cardiac pacemakers market

What are the key driving factors for the growth of cardiac pacemakers industry?

Cardiac pacemakers market is driven by increase in incidence of cardiovascular diseases, and rise in geriatric population are projected to drive the global market during the forecast period

Who are the key players in the global market?

Key players in the global cardiac pacemakers market include BIOTRONIK, Boston Scientific Corporation, Cook, MEDICO S.p.A., Medtronic, LivaNova PLC, Abbott

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions and Research Methodology

    3. Executive Summary: Global Cardiac Pacemakers Market

    4. Market Overview

        4.1. Introduction

            4.1.1. Technology Definition

            4.1.2. Industry Evolution / Developments

        4.2. Overview

        4.3. Market Dynamics

            4.3.1. Drivers

            4.3.2. Restraints

            4.3.3. Opportunities

        4.4. Global Cardiac Pacemakers Market Analysis and Forecast, 2017–2027

            4.4.1. Market Revenue Projections (US$ Mn)

            4.4.2. Market Volume Projection (Number of Units)

    5. Key Insights

        5.1. Regulatory Scenario, by Region/Globally

        5.2. Technological Advancements

        5.3. Mergers & Acquisitions 

    6. Global Cardiac Pacemakers Market Analysis and Forecast, by Technology

        6.1. Introduction & Definition

            6.1.1. Key Findings / Developments

        6.2. Global Cardiac Pacemakers Market Value Forecast, by Technology, 2017–2027

            6.2.1. Dual  Chambered

            6.2.2. Single  Chambered

            6.2.3. Biventricular

        6.3. Global Cardiac Pacemakers Market Attractiveness, by Technology

    7. Global Cardiac Pacemakers Market Analysis and Forecast, by Product Type

        7.1. Introduction & Definition

            7.1.1. Key Findings / Developments

        7.2. Global Cardiac Pacemakers Market Value Forecast, by Product Type, 2017–2027

            7.2.1. Internal

            7.2.2. External

        7.3. Global Cardiac Pacemakers Market Attractiveness, by Product Type

    8. Global Cardiac Pacemakers Market Analysis and Forecast, by Region

        8.1. Key Findings

        8.2. Global Cardiac Pacemakers Market Value Forecast, by Region

            8.2.1. North America 

            8.2.2. Europe 

            8.2.3. Asia Pacific 

            8.2.4. Latin America 

            8.2.5. Middle East & Africa 

        8.3. North America Cardiac Pacemakers Market Attractiveness, by Region

    9. North America Cardiac Pacemakers Market Analysis and Forecast

        9.1. Introduction

            9.1.1. Key Findings

        9.2. North America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

            9.2.1. Dual  Chambered

            9.2.2. Single  Chambered

            9.2.3. Biventricular

        9.3. North America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

            9.3.1. Internal

            9.3.2. External

        9.4. North America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country, 2017–2027

            9.4.1. U.S.

            9.4.2. Canada

        9.5. North America Cardiac Pacemakers Market Attractiveness Analysis 

            9.5.1. By Technology

            9.5.2. By Product Type

            9.5.3. By Country

    10. Europe Cardiac Pacemakers Market Analysis and Forecast

        10.1. Introduction

            10.1.1. Key Findings

        10.2. Europe Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

            10.2.1. Dual  Chambered

            10.2.2. Single  Chambered

            10.2.3. Biventricular

        10.3. Europe Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

            10.3.1. Internal

            10.3.2. External

        10.4. Europe Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country/Sub-region, 2017–2027

            10.4.1. Germany

            10.4.2. U.K.

            10.4.3. France

            10.4.4. Spain

            10.4.5. Italy

            10.4.6. Rest of Europe 

        10.5. Europe Cardiac Pacemakers Market Attractiveness Analysis 

            10.5.1. By Technology

            10.5.2. By Product Type

            10.5.3. By Country/Sub-region

    11. Asia Pacific Cardiac Pacemakers Market Analysis and Forecast

        11.1. Introduction

            11.1.1. Key Findings

        11.2. Asia Pacific Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

            11.2.1. Dual  Chambered

            11.2.2. Single  Chambered

            11.2.3. Biventricular

        11.3. Asia Pacific Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

            11.3.1. Internal

            11.3.2. External

        11.4. Asia Pacific Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country/Sub-region, 2017–2027

            11.4.1. China

            11.4.2. Japan

            11.4.3. India

            11.4.4. Australia & New Zealand

            11.4.5. Rest of Asia Pacific 

        11.5. Asia Pacific Cardiac Pacemakers Market Attractiveness Analysis 

            11.5.1. By Technology

            11.5.2. By Product Type

            11.5.3. By Country/Sub-region

    12. Latin America Cardiac Pacemakers Market Analysis and Forecast

        12.1. Introduction

            12.1.1. Key Findings

        12.2. Latin America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

            12.2.1. Dual  Chambered

            12.2.2. Single  Chambered

            12.2.3. Biventricular

        12.3. Latin America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

            12.3.1. Internal

            12.3.2. External

        12.4. Latin America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country/Sub-region, 2017–2027

            12.4.1. Brazil

            12.4.2. Mexico

            12.4.3. Rest of Latin America Latin America 

        12.5. Latin America Cardiac Pacemakers Market Attractiveness Analysis 

            12.5.1. By Technology

            12.5.2. By Product Type

            12.5.3. By Country/Sub-region

    13. Middle East & Africa Cardiac Pacemakers Market Analysis and Forecast

        13.1. Introduction

            13.1.1. Key Findings

        13.2. Middle East & Africa Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

            13.2.1. Dual  Chambered

            13.2.2. Single  Chambered

            13.2.3. Biventricular

        13.3. Middle East & Africa Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

            13.3.1. Internal

            13.3.2. External

        13.4. Middle East & Africa Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country/Sub-region, 2017–2027

            13.4.1. GCC Countries

            13.4.2. South Africa

            13.4.3. Rest of Middle East & Africa 

        13.5. Middle East & Africa Cardiac Pacemakers Market Attractiveness Analysis 

            13.5.1. By Technology

            13.5.2. By Product Type

            13.5.3. By Country/Sub-region

    14. Competition Landscape

        14.1. Market Player - Competition Matrix (by Tier and Size of companies)

        14.2. Market Share / Position Analysis, by Company, 2018

        14.3. Competitive Business Strategies

        14.4. Company Profiles

            14.4.1. BIOTRONIK

                14.4.1.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.4.1.2. Growth Strategies

                14.4.1.3. SWOT Analysis

            14.4.2. Boston Scientific Corporation 

                14.4.2.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.4.2.2. Growth Strategies

                14.4.2.3. SWOT Analysis

            14.4.3. Cook

                14.4.3.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.4.3.2. Growth Strategies

                14.4.3.3. SWOT Analysis

            14.4.4. MEDICO S.p.A. 

                14.4.4.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.4.4.2. Growth Strategies

                14.4.4.3. SWOT Analysis

            14.4.5. Medtronic

                14.4.5.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.4.5.2. Growth Strategies

                14.4.5.3. SWOT Analysis

            14.4.6. LivaNova PLC 

                14.4.6.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.4.6.2. Growth Strategies

                14.4.6.3. SWOT Analysis 

            14.4.7. Abbott 

                14.4.7.1. Company Overview (HQ, Business Segments, Employee Strength)

                14.4.7.2. Growth Strategies

                14.4.7.3. SWOT Analysis

    List of Tables

    Table 1 Global Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

    Table 2 Global Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

    Table 3 Global Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Region, 2017–2027

    Table 4 North America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country/Sub-region, 2017–2027

    Table 5 North America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

    Table 6 North America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

    Table 7 Europe Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country/Sub-region, 2017–2027

    Table 8 Europe Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

    Table 9 Europe Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

    Table 10 Asia Pacific Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country/Sub-region, 2017–2027

    Table 11 Asia Pacific Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

    Table 12 Asia Pacific Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

    Table 13 Latin America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country/Sub-region, 2017–2027

    Table 14 Latin America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

    Table 15 Latin America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

    Table 16 Middle East & Africa Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Country/Sub-region, 2017–2027

    Table 17 Middle East & Africa Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Technology, 2017–2027

    Table 18 Middle East & Africa Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Forecast, by Product Type, 2017–2027

     List of Figures

    Figure 1 Global Cardiac Pacemakers Market Value (US$ Mn) and Distribution (%), by Region, 2018 and 2027

    Figure 2 Global Cardiac Pacemakers Market Value (US$ Mn) and Forecast, 2019–2027

    Figure 3 Global Cardiac Pacemakers Market Value Share (%), by Technology, 2018

    Figure 4 Global Cardiac Pacemakers Market Value Share (%), by Product Type, 2018

    Figure 5 Global Cardiac Pacemakers Market Value Share (%), by Region, 2018

    Figure 6 Global Cardiac Pacemakers Market Value Share Analysis, by Technology, 2018 and 2027

    Figure 7 Global Cardiac Pacemakers Market Attractiveness, by Technology, 2019–2027

    Figure 8 Global Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units), by    Dual  Chambered, 2017–2027

    Figure 9 Global Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units), by Single  chambered, 2017–2027

    Figure 10 Global Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units), by Biventricular, 2017–2027

    Figure 11 Global Cardiac Pacemakers Market Value Share Analysis, by Product Type, 2018 and 2027

    Figure 12 Global Cardiac Pacemakers Market Attractiveness, by Product Type, 2019–2027

    Figure 13 Global Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units), by Internal, 2017–2027

    Figure 14 Global Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units), by External, 2017–2027

    Figure 15 Global Cardiac Pacemakers Market Value Share, by Region, 2018 and 2027 

    Figure 16 Global Cardiac Pacemakers Market Attractiveness, by Region, 2019–2027

    Figure 17 North America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Projection, 2017-2027

    Figure 18 North America Cardiac Pacemakers Market Value Share Analysis, by Country, 2018 and 2027

    Figure 19 North America Cardiac Pacemakers Market Attractiveness, by Country, 2019–2027

    Figure 20 North America Cardiac Pacemakers Market Value Share Analysis, by Technology, 2018 and 2027

    Figure 21 North America Cardiac Pacemakers Market Attractiveness, by Technology, 2019–2027

    Figure 22 North America Cardiac Pacemakers Market Value Share Analysis, by Product Type, 2018 and 2027

    Figure 23 North America Cardiac Pacemakers Market Attractiveness, by Product Type, 2019–2027

    Figure 24 Europe Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Projection, 2017-2027

    Figure 25 Europe Cardiac Pacemakers Market Value Share Analysis, by Country/Sub-region, 2018 and 2027

    Figure 26 Europe Cardiac Pacemakers Market Attractiveness, by Country/Sub-region, 2019–2027

    Figure 27 Europe Cardiac Pacemakers Market Value Share Analysis, by Technology, 2018 and 2027

    Figure 28 Europe Cardiac Pacemakers Market Attractiveness, by Technology, 2019–2027

    Figure 29 Europe Cardiac Pacemakers Market Value Share Analysis, by Product Type, 2018 and 2027

    Figure 30 Europe Cardiac Pacemakers Market Attractiveness, by Product Type, 2019–2027

    Figure 31 Asia Pacific Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Projection, 2017-2027

    Figure 32 Asia Pacific Cardiac Pacemakers Market Value Share Analysis, by Country/Sub-region, 2018 and 2027

    Figure 33 Asia Pacific Cardiac Pacemakers Market Attractiveness, by Country/Sub-region, 2019–2027

    Figure 34 Asia Pacific Cardiac Pacemakers Market Value Share Analysis, by Technology, 2018 and 2027

    Figure 35 Asia Pacific Cardiac Pacemakers Market Attractiveness, by Technology, 2019–2027

    Figure 36 Asia Pacific Cardiac Pacemakers Market Value Share Analysis, by Product Type, 2018 and 2027

    Figure 37 Asia Pacific Cardiac Pacemakers Market Attractiveness, by Product Type, 2019–2027

    Figure 38 Latin America Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Projection, 2017-2027

    Figure 39 Latin America Cardiac Pacemakers Market Value Share Analysis, by Country/Sub-region, 2018 and 2027

    Figure 40 Latin America Cardiac Pacemakers Market Attractiveness, by Country/Sub-region, 2019–2027

    Figure 41 Latin America Cardiac Pacemakers Market Value Share Analysis, by Technology, 2018 and 2027

    Figure 42 Latin America Cardiac Pacemakers Market Attractiveness, by Technology, 2019–2027

    Figure 43 Latin America Cardiac Pacemakers Market Value Share Analysis, by Product Type, 2018 and 2027

    Figure 44 Latin America Cardiac Pacemakers Market Attractiveness, by Product Type, 2019–2027

    Figure 45 Middle East & Africa Cardiac Pacemakers Market Value (US$ Mn) and Volume (Number of Units) Projection, 2017-2027

    Figure 46 Middle East & Africa Cardiac Pacemakers Market Value Share Analysis, by Country/Sub-region, 2018 and 2027

    Figure 47 Middle East & Africa Cardiac Pacemakers Market Attractiveness, by Country/Sub-region, 2019–2027

    Figure 48 Middle East & Africa Cardiac Pacemakers Market Value Share Analysis, by Technology, 2018 and 2027

    Figure 49 Middle East & Africa Cardiac Pacemakers Market Attractiveness, by Technology, 2019–2027

    Figure 50 Middle East & Africa Cardiac Pacemakers Market Value Share Analysis, by Product Type, 2018 and 2027

    Figure 51 Middle East & Africa Cardiac Pacemakers Market Attractiveness, by Product Type, 2019–2027

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Cardiac Pacemakers Market

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