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  • Published On : May 2022
  • Code : CMI1765
  • Industry : Medical Devices
  • Pages : 197
  • Formats :

A cardiac pacemaker is a small-sized device that is implanted in the chest to control the slow heartbeat. The cardiac pacemaker implantation is carried out with a surgical procedure. There are three types of cardiac pacemakers such as single-chamber pacemaker, dual-chamber pacemaker, and biventricular pacemaker. Single chamber pacemaker is placed within the lower chamber or ventricle of the heart, whereas dual chamber pacemaker has two leads and are placed in the right atrium and right ventricle. Furthermore, biventricular pacemaker is used in cardiac resynchronization therapy to treat heart failure. Biventricular pacemaker sends electrical pulses to the right and left ventricles to pump. Moreover, pacemakers are implanted in two ways such as internal cardiac pacemaker, which is implanted within the body to send electrical impulses to regulate the heart rhythm. Another implanting procedure is external cardiac pacemaker, which is also known as an artificial pacemaker, and is an electrode-based medical device used for regulating the contractility of myocardiocytes, cells that are involved in cardiac remodeling for proper heart rate.

The global cardiac pacemaker market is estimated to be valued at US$ 4,547.8 Mn in 2022 and is expected to exhibit a CAGR of 3.3% over the forecast period (2022-2030).

Figure 1: Global Cardiac Pacemaker Market Share (%) Analysis, By Product Type, 2022

Cardiac Pacemaker  | Coherent Market Insights

Increasing product approval by regulatory authorities is expected to drive the global cardiac pacemaker market growth over the forecast period.

Increasing product approval by regulatory authorities is expected to drive the global cardiac pacemaker market growth over the forecast period. For instance, on June 15, 2020, Medtronic plc., a medical device company announced that the company received CE mark by European Union (EU) for Micra AV Transcatheter Pacing System (TPS), a small pacemaker with features such as atriventricular (AV) synchrony. This device is indicated for treatment of patients with AV blocks, impaired heart chambers to provide electrical signals for proper functioning of heart.

Increasing inorganic activities among market players is expected to drive the global cardiac pacemaker market growth over the forecast period.

Increasing inorganic activities such as agreements, partnerships, and collaborations among market players is expected to drive the global cardiac pacemaker market growth over the forecast period. For instance, on December 17, 2021, LifeTech Scientific Corporation, a China-based company and manufacturer of interventional medical devices announced its extension of agreements with Medtronic plc. a medical devices company for  HeartTone domestic pacemaker project. This project agreement includes extension of project till 2028, where Medtronic will provide series of specialized technical consulting services.

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Cardiac Pacemaker Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022:

US$ 4,547.8 Mn

Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 3.3% 2030 Value Projection:

US$  5,874.3 Mn

Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product type: Single-chamber Pacemaker, Dual-chamber Pacemaker, Biventricular Pacemaker
  • By Implantability: Implantable Pacemakers, External Pacemakers
  • By End User: Hospitals, Cardiac Clinics, Ambulatory Surgical Centers 
Companies covered:

Medtronic, Boston Scientific Corporation, Abbott, BIOTRONIK SE & Co. KG, Pacetronix , Lepu Medical Technology(Beijing)Co., Ltd. , LIVANOVA PLC, MEDICO S.R.L., OSCOR Inc., MicroPort Scientific Corporation, OSYPKA MEDICAL, and Vitatron Holding B.V.

Growth Drivers:
  • Increasing product approval by regulatory authorities
  • Increasing inorganic activities among market players
Restraints & Challenges:
  • Product recall for cardiac pacemaker

Global Cardiac Pacemaker Market- Impact of the Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic is expected to hamper the global cardiac pacemaker market growth, owing to its impact on cardiac surgeries.  For instance, in March 2022, according to a study published in the National Center for Biotechnology Information (NCBI) on the impact of the COVID pandemic on cardiac surgeries in the U.S. that ended in 2020, there was a 52.7% reduction in adult cardiac surgery volume and a 65.5% reduction in elective cases across the country. The first COVID-19 pandemic had the impact on the Mid-Atlantic area, which indicated a drop in overall case volume for cardiac surgeries, which was around 69.7% of population in mid-Atlantic region.

Global Cardiac Pacemaker Market– Restraints

Product recall for cardiac pacemakers by market players is expected to hamper the global cardiac pacemaker market over the forecast period. For instance, in August 2021, Boston Scientific, a of medical device manufacturing company announced recalling notice for pacemakers and cardiac resynchronization therapy pacemakers (CRT-Ps) due to the risk of transitioning to safety mode. Safety mode is intended to provide backup if the device is faulty. These pacemakers or cardiac resynchronization therapy pacemakers (CRT-Ps) belongs to Boston Scientific’s INGENIO product portfolio, which is used for patients who have low heart rates, and patients with moderate to severe heart failure, a condition where heart cannot pump enough blood as per requirement for patient.

Global Cardiac Pacemaker Market– Regional Analysis

On the basis of region, the global cardiac pacemaker market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among regions, North America is expected to hold a dominant position in the market during the forecast period, owing to increasing prevalence of heart diseases in the U.S. For instance, According to the Centers for Disease Control and Prevention (CDC), over 360,900 persons died in the United States in 2019 as a result of coronary heart disease, and around 18.2 million adults aged 20 and older had coronary artery disease (CAD), accounting for about 6.2 percent of the population. According to the same source, around 805,000 people in the United States suffer from heart attacks each year.

Figure 2: Global Cardiac Pacemaker Market Value (US$ Mn), by Region, 2022

Cardiac Pacemaker  | Coherent Market Insights

Global Cardiac Pacemaker Market– Competitive Landscape

Major players operating in the global cardiac pacemaker market include Medtronic, Boston Scientific Corporation, Abbott, BIOTRONIK SE & Co. KG, Pacetronix, Lepu Medical Technology (Beijing)Co., Ltd. , LIVANOVA PLC, MEDICO S.R.L., OSCOR Inc., MicroPort Scientific Corporation, OSYPKA MEDICAL, and Vitatron Holding B.V.

A cardiac pacemaker is a small device that is implanted in the chest to help control the heartbeats. It is used for the treatment of slow heart beating. Implanting cardiac pacemaker in the chest requires a surgical procedure. There are various types of cardiac pacemaker such as single chamber pacemaker and dual-chamber pacemakers where single chamber pacemaker is used as one lead placed within the lower chamber, or ventricle, of the heart. Cardiac pacemakers are used to treat bradycardia and atrial fibrillation associated with bradycardia. Bradycardia is an abnormally slow heartbeat defined by 60 or less beats per minute. Dual-chamber pacemakers have two leads, placed in the right atrium and right ventricle. They act synchronously when a slow natural heart rate is detected to mimic the sequential physiological contraction of the atria and ventricles. There are two ways followed for implanting pacemakers such as implantable pacemaker and external pacemakers, where in implantable pacemaker, which is a device that implanted (internally) within the body for providing electrical impulses to regulate the heart rhythm or to reproduce that rhythm. External pacemakers is implanted outside the body, which is electrodes based medical device used for maintaining heart rate.

Market Dynamics

Increasing product approvals by regulatory authorities for cardiac pacemaker is expected to drive the global cardiac pacemaker market over the forecast period. For instance, on April 4, 2022, Abbott, a medical device manufacturer announced that the U.S. Food and Drug Administration (FDA) s approved the Aveir single-chamber (VR) leadless pacemaker for the treatment of patients with sluggish cardiac rhythms. Moreover, to treat slower-than-normal heart rates, Aveir leadless pacemaker is placed directly inside the right ventricle of the heart via a minimally invasive surgery. The gadget has a unique mapping function that allows doctors to analyze electrical signals within the heart and identify the device's proper placement before it is implanted.

Key features of the study:

  • This report provides an in-depth analysis of the global cardiac pacemaker market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global cardiac pacemaker market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, strategies
  • Key companies covered as a part of this study include Medtronic, Boston Scientific Corporation, Abbott, BIOTRONIK SE & Co. KG, Pacetronix , Lepu Medical Technology(Beijing)Co., Ltd. , LIVANOVA PLC, MEDICO S.R.L., OSCOR Inc., MicroPort Scientific Corporation, OSYPKA MEDICAL, and Vitatron Holding B.V.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global cardiac pacemaker market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have an ease in decision-making through various strategy matrices used in analyzing the global cardiac pacemaker market

Detailed Segmentation:

  • Global Cardiac Pacemaker Market, by Product Type:
    • Single-chamber Pacemaker
    • Dual-chamber Pacemaker
    • Biventricular Pacemaker
  • Global Cardiac Pacemaker Market, by Implantability:
    • Implantable Pacemakers
    • External Pacemakers
  • Global Cardiac Pacemaker Market, by End User:
    • Hospitals
    • Cardiac Clinics
    • Ambulatory Surgical Centers
  • Global Cardiac Pacemaker Market, By Region:
    • North America
      • By Product Type:
        • Single-chamber Pacemaker
        • Dual-chamber Pacemaker
        • Biventricular Pacemaker
      • By Implantability:
        • Implantable Pacemakers
        • External Pacemakers
      • By End User:
        • Hospitals
        • Cardiac Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Single-chamber Pacemaker
        • Dual-chamber Pacemaker
        • Biventricular Pacemaker
      • By Implantability:
        • Implantable Pacemakers
        • External Pacemakers
      • By End User:
        • Hospitals
        • Cardiac Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Single-chamber Pacemaker
        • Dual-chamber Pacemaker
        • Biventricular Pacemaker
      • By Implantability:
        • Implantable Pacemakers
        • External Pacemakers
      • By End User:
        • Hospitals
        • Cardiac Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Single-chamber Pacemaker
        • Dual-chamber Pacemaker
        • Biventricular Pacemaker
      • By Implantability:
        • Implantable Pacemakers
        • External Pacemakers
      • By End User:
        • Hospitals
        • Cardiac Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Single-chamber Pacemaker
        • Dual-chamber Pacemaker
        • Biventricular Pacemaker
      • By Implantability:
        • Implantable Pacemakers
        • External Pacemakers
      • By End User:
        • Hospitals
        • Cardiac Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Single-chamber Pacemaker
        • Dual-chamber Pacemaker
        • Biventricular Pacemaker
      • By Implantability:
        • Implantable Pacemakers
        • External Pacemakers
      • By End User:
        • Hospitals
        • Cardiac Clinics
        • Ambulatory Surgical Centers
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Medtronic *
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Boston Scientific Corporation
    • Abbott
    • BIOTRONIK SE & Co. KG
    • Pacetronix
    • Lepu Medical Technology (Beijing) Co., Ltd.
    • LIVANOVA PLC
    • MEDICO S.R.L.
    • OSCOR Inc.
    • MicroPort Scientific Corporation,
    • OSYPKA MEDICAL
    • Vitatron Holding B.V.

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global cardiac pacemaker market is expected to exhibit a CAGR of 3.3% during the forecast period (2022-2030).
The market is estimated to be valued at US$ 4,547.8 Mn in 2022.
Medtronic, Boston Scientific Corporation, Abbott, BIOTRONIK SE & Co. KG, Pacetronix, Lepu Medical Technology (Beijing) Co., Ltd., LIVANOVA PLC, MEDICO S.R.L., OSCOR Inc., MicroPort Scientific Corporation, OSYPKA MEDICAL, and Vitatron Holding B.V. are some of the prominent players operating in the market.
The market is expected to be valued at US$ 5,874.3 Mn in 2030.
North America is the prominent region in the market.
Single-chamber pacemaker, which belongs to the product type segment, is the prominent segment in the market.

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