Implantable Heart Pacemaker Global Market Expected to Grow $6.18 Billion at a CAGR of 4.9% By 2028 | Medtronic PLC, BIOTRONIK Inc., Abbott Laboratories, ZOLL Medical Corporation, MEDICO SRL

The Implantable Heart Pacemaker Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Implantable Heart Pacemaker Global Market Report 2024, The implantable heart pacemaker market size has grown steadily in recent years. It will grow from $4.87 billion in 2023 to $5.11 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%.  The  growth in the historic period can be attributed to advancements in cardiac care, aging population demographics, improved diagnosis and screening tools, increased prevalence of heart failures, rise in cardiovascular risk factors, clinical research and development, regulatory support and approvals..

The implantable heart pacemaker market size is expected to see steady growth in the next few years. It will grow to $6.18 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%.  The growth in the forecast period can be attributed to personalized medicine and customization, expansion in emerging markets, focus on energy-efficient devices, focus on miniaturization and durability, expansion of home healthcare solutions, regulatory advancements and standards. Major trends in the forecast period include wireless connectivity and remote monitoring, mri-compatible pacemakers, integration of artificial intelligence (ai), smartphone connectivity and apps,  lead extraction techniques, telehealth integration and patient engagement..

Increasing incidence of chronic conditions such as heart attacks, diabetes, hypertension, and atrial fibrillation is expected to propel the growth of the implantable heart pacemaker market going forward. Chronic disease is one that often lasts for three months or longer and may worsen with time. Cancer, heart disease, stroke, diabetes, and arthritis are the most prevalent chronic diseases. An implantable pacemaker alleviates the symptoms of a sluggish, irregular heartbeat to accomplish regular cardiac rates and provides a proper amount of blood circulation to prevent or stop heart diseases such as heart attacks. For instance, in 2022, Centers for Disease Control and Prevention, a US-based national public health agency, around 37.3 million people are suffering from diabetes which equals 11.3% of the United States population. Additionally, in December 2021, according to the International Diabetes Federation, a Belgium-based leading global diabetes community, approximately 537 million adults are suffering from diabetes globally, whereas 3 out of 4 adults are in low- and middle-income countries. Therefore, the increasing incidence of chronic diseases is driving the growth of implantable heart pacemakers.

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The implantable heart pacemaker market covered in this report is segmented –
1) By Product Type: Single Chamber, Dual Chamber, Biventricular
2) By Application: Heart Block, Sick Sinus Syndrome, Diagnosing Heart Diseases, Other Applications
3) By End User: Hospital, Clinics, House Hold, Other End Users

Technological advancements are the key trend gaining popularity in the implantable heart pacemaker market going forward. Major companies and research institutes operating in the market are developing innovative implantable heart pacemakers with features such as MRI-conditional models, improved battery life, new pacemaker functionality, wireless and automated monitoring, and others to sustain their position in the market. For instance, in June 2021, the researchers of Northwestern and George Washington University, a US-based nationally chartered private research university developed the first transitory pacemaker. This device is a wireless, battery-free, and totally implanted pacing device that vanishes when no longer required. The thin, flexible, and lightweight device could be utilized in patients who require temporary pacing following cardiac surgery or while awaiting a permanent pacemaker. Using near-field communication protocols technology, the device wirelessly gathers energy from an external, remote antenna. This eliminates the need for heavy batteries as well as stiff hardware such as wires (or leads).

The implantable heart pacemaker market report table of contents includes:
1. Executive Summary
2. Implantable Heart Pacemaker Market Characteristics
3. Implantable Heart Pacemaker Market Trends And Strategies
4. Implantable Heart Pacemaker Market – Macro Economic Scenario
5. Global Implantable Heart Pacemaker Market Size and Growth
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31. Global Implantable Heart Pacemaker Market Competitive Benchmarking
32. Global Implantable Heart Pacemaker Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Implantable Heart Pacemaker Market
34. Implantable Heart Pacemaker Market Future Outlook and Potential Analysis
35. Appendix

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