Global Pacemakers Market Size & Outlook, 2023-2030

The pacemakers industry worldwide is expected to reach a projected revenue of US$ 5,943.9 million by 2030. A compound annual growth rate of 3.6% is expected of the worldwide pacemakers industry from 2024 to 2030.
Revenue, 2023 (US$M)
$4,652.2
Forecast, 2030 (US$M)
$5,943.9
CAGR, 2024 - 2030
3.6%
Report Coverage
Worldwide

Global pacemakers market highlights

  • The global pacemakers market generated a revenue of USD 4,652.2 million in 2023 and is expected to reach USD 5,943.9 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 3.6% by 2030.
  • In terms of segment, implantable pacemakers accounted for a revenue of USD 2,932.0 million in 2023.
  • Implantable pacemakers is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 4,652.2 million
Market revenue in 2030USD 5,943.9 million
Growth rate3.6% (CAGR from 2023 to 2030)
Largest segmentImplantable pacemakers
Fastest growing segmentImplantable pacemakers
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationExternal pacemakers, Implantable pacemakers

Other key industry trends

  • In terms of revenue, the North America accounted for 42.1% of the global pacemakers market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Germany is the fastest growing regional market and is projected to reach USD 532.8 million by 2030.

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Pacemakers Market Companies

Name Profile # Employees HQ Website

Global pacemakers market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pacemakers market will help companies and investors design strategic landscapes.


Implantable pacemakers was the largest segment with a revenue share of 63.02% in 2023. Horizon Databook has segmented the Global pacemakers market based on external pacemakers, implantable pacemakers covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Pacemakers Product Outlook (Revenue, USD Million, 2018-2030)
    • External pacemakers
    • Implantable pacemakers
      • Single Chamber
      • Dual Chamber
      • Biventricular Chamber
  • Global Pacemakers Type Outlook (Revenue, USD Million, 2018-2030)
    • MRI Compatible Pacemakers
    • Conventional Pacemakers
  • Global Pacemakers Application Outlook (Revenue, USD Million, 2018-2030)
    • Congestive Heart Failure
    • Others
    • Arrhythmias
      • Atrial Fibrillation
      • Heart Block
      • Long QT Syndrome
  • Global Pacemakers End Use Outlook (Revenue, USD Million, 2018-2030)
    • Hospitals & Cardiac Centers
    • Ambulatory Surgical Centers
    • Others

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Target buyers of Global pacemakers market databook

  • Our clientele includes a mix of pacemakers market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global pacemakers market, including forecasts for subscribers. This global databook contains high-level insights into Global pacemakers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global pacemaker market size, by regions, 2018-2030 (US$M)

Top 10 countries: Pacemaker market size, 2023 (US$M)

Global pacemaker market share, by product, 2023 & 2030 (%, US$M)

Pacemakers market: Opportunity assessment by country

Global pacemakers market, by region, 2023 (US$M)

Global pacemaker market size, by regions, 2018-2030 (US$M)

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