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External Pacemaker Market Trends

Report ID: GMI7198
Published Date: Oct 2023
Report Format: PDF

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External Pacemaker Market Trends

The rising prevalence of cardiovascular diseases, including congestive heart failure, arrhythmias, bradycardia, and tachycardia, is a significant factor driving the growth of the external pacemaker industry.

According to an article from the National Center for Biotechnology Information (NCBI), in 2022, ventricular tachycardia and fibrillation were major contributors to sudden cardiac death, accounting for an estimated 300,000 deaths each year in the U.S. This represents approximately half of all cardiac-related fatalities. The increasing incidence and prevalence of cardiovascular conditions have led to a rise in deaths worldwide. The World Health Organization reported that in 2019, an estimated 17.9 million people died from cardiovascular diseases, comprising 32% of all global deaths.
The growing occurrence of cardiac disorders is expected to result in increased hospitalizations and medical interventions, thereby driving the demand for external pacemakers. Several factors, notably significant shifts in lifestyle-related risk factors such as poor dietary habits, reduced physical activity, increased tobacco use, and excessive alcohol consumption, have contributed to higher incidence and mortality rates associated with cardiovascular diseases.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

External pacemaker industry size was USD 1.2 billion in 2022 and is estimated to exceed USD 1.9 billion by the end of 2032 due to the rising prevalence of cardiovascular diseases and the increasing advancements in product technology.

External pacemaker industry size from the dual-chamber technology was USD 731 million in 2022 and is expected to exhibit robust growth through 2032 driven by the surging need to enhance blood flow and cardiac output, with the potential to improve oxygenation in the body's tissues and organs.

External pacemaker industry size from the hospitals end-use segment is projected to reach more than USD 1.1 billion by the end of 2032 owing to surging need for rapid and reliable outcomes.

U.S. external pacemaker industry size is expected to exceed USD 633.7 million by 2032 owing to the increasing demand for cardiovascular devices and the surging number of hospital admissions in the country.