Pacemaker Market Size, Revenue Growth Factors & Trends, Key Player Strategy Analysis, 2022–2032
August 21, 2023 ⚊ 1 Min read ⚊ Views 28 ⚊ HEALTH
The global pacemaker market size was USD 5.2 Billion in 2022 and is expected to reach USD 7.4 Billion in 2032, and register a revenue CAGR of 4% during the forecast period. A rise in the frequency of cardiovascular disorders, an increase in the number of people over the age of 65, and technological improvements are major factors driving market revenue growth.Globally, the incidence of cardiovascular conditions such as arrhythmias, Heart Failure, and coronary artery disease has increased. As a result, there have been more procedures to implant pacemakers.According to the World Health Organization, cardiovascular illnesses account for 31% of all fatalities globally, making them the leading cause of mortality internationally. As a result, it is expected that during the forecast period, pacemaker demand will rise dramatically.
