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.