External Pacemaker Market Outlook:
External Pacemaker Market size was valued at USD 1.76 billion in 2025 and is likely to cross USD 2.63 billion by 2035, expanding at more than 4.1% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of external pacemaker is estimated at USD 1.82 billion.
The global pacemaker market is witnessing growth, primarily fueled by increasing instances of cardiovascular diseases, technological developments, and the heightened demand for temporary pacemakers in critical care units. According to a WHO report published in 2023, cardiovascular diseases are causing 18.2 million deaths per year, with arrhythmia reporting of 33.7 million across all nations. Besides, NIH in 2023 reported that the demand for post-surgical and emergency care will expand at the highest rate among the geriatric population, as one out of 6 people will be aged above 60 by 2030. Hence, these factors will appreciably contribute to market development.
Furthermore, global trade activities also remarkably offer their support for driving business in the sector. The U.S. and EU are the crucial importers of external pacemakers similarly, China and Mexico are leading with major export values. In this regard, in 2023, it is reported that the U.S. imported USD 2.4 billion worth of cardiac rhythm management devices. Besides, NIH in 2023 declared that investments for research and development reached USD 1.6 billion, with 65.2% assigned for wireless pacing and AI-based monitoring. Furthermore, government-backed programs, such as the NIH’s Artificial Heart Program, are accelerating innovation, particularly in temporary pacing for emergency medicine.
