As per the research report titled ‘Global Cardiac Pacemaker Market 2022-2028’, available with MarketStudyReport, global cardiac pacemaker market is expected to grow at a CAGR of 3.1% through the analysis period and amass a valuation of USD 4,281 million by the end of 2028.

The factors responsible for the development of global cardiac pacemaker market include rising geriatric population, increasing incidences of cardiovascular diseases (CVD), various technological advances, and fast paced progress in medical infrastructure.

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Moreover, supportive reimbursement initiatives by government agencies, constant lifestyle changes among individuals like less physical movement and unhealthy food consumption, and continuous innovations in the existing pacemaker products are also leading to market growth.

Besides a comprehensive overview of growth drivers, the study also evaluates the restraints and bottlenecks present in the industry sphere, along with the plausible solutions that will assist stakeholders in maintaining profits.

On top of that, the research delivers a detailed analysis of market size, key trends, and the competitive landscape. It also mentions the impact of the COVID-19 outbreak on the overall industry growth.

Speaking of product type, worldwide cardiac pacemaker market consists of MRI-conditional pacemakers and conventional conditional pacemakers. The MRI-conditional pacemakers segment accounted for a substantial proportion of the overall revenue generated in 2021 and is anticipated to garner decent growth through 2028.

In terms of implantability, the market is divided into implantable pacemakers and external pacemakers. Among these, the implantable pacemakers segment retained a significant share of the overall market in 2021 and is projected to rise modestly during the forecast timeframe.

Based on technology, classification consists of single-chamber pacemakers, dual-chamber cardiac pacemakers, and cardiac resynchronization therapy pacemakers (CRT-P). Moving on to end-user ambit, the business sphere is split into specialty cardiac centres, hospitals, and ASCs.

Regionally, the report studies industry trends, growth potential, and developmental plans across North America, Europe, and Asia Pacific.

Furthermore, the document recognizes and examines the profiles of leading organizations contributing to the revenues of global cardiac pacemaker industry such as Shree Pacetronix Ltd., OSCOR Inc., Medtronic plc, Lepu Medical Technology (Beijing) Co. Ltd., Boston Scientific Corporation, Abbott Laboratories, OSYPKA AG, MicroPort Scientific Corporation, MEDICO S.R.L., Galix Biomedical Instrumentation Inc., and BIOTRONIK SE & Co. KG. among others.