Global Transcutaneous Pacing Market Report and Forecast 2024-2032

Global Transcutaneous Pacing Market Outlook

The global transcutaneous pacing market is expected to grow at a CAGR of 5.80% between 2024 and 2032, driven by the growing expansion of the healthcare sector across the emerging economies.

Key Trends in the Market

Transcutaneous pacing refers to a temporary method of pacing the heart of a patient during an emergency situation. This process involves transmission of electric current through the chest of a patient, leading to heart contraction. It is a readily available remedy which can be used in emergency situations. 

• The global transcutaneous pacing market is being driven by the increasing prevalence of bradycardia, tachycardia, and cardiac arrhythmias. The increasing geriatric population is further leading to a shoot up in the cases of cardiovascular diseases, which is in turn bolstering the sale of transcutaneous pacemakers.

• The increasing awareness pertaining to the increase in heart-related disorders among the working adults is another crucial trend driving the transcutaneous pacing market growth. In addition, the stressful, hectic, and highly demanding lifestyles led by people worldwide is further enhancing the chances of cardiovascular diseases.

• The rising standards of hospitals and ambulatory surgical centres and the efforts being made to bolster the emergency care facilities are accelerating the demand for transcutaneous pacing.

Market Analysis

Based on type, the market can be segmented into single chamber external pacemaker, dual chamber external pacemaker, and triple chamber external pacemaker. On the basis of application, the market can be classified into bradycardia treatment and tachycardia treatment, among others. By end use, the market has been categorised into hospitals and specialty clinics, among others. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global transcutaneous pacing market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

• Koninklijke Philips N.V.

• Boston Scientific Corporation

• Medtronic Plc

• Biotronik

• OSCOR Inc.

• Others

Market Share by Application

The bradycardia treatment segment, based on application, accounts for a significant share in the transcutaneous pacing market. Bradycardia is one of the most prevalent conditions across the world, which leads to a dramatic decline of the rate of heart beat to 60 beats per minute. It can also be caused by complications in heart surgeries and heart tissue damage caused by ageing. 

Transcutaneous pacing increases the heartbeat in a record time which boosts the comfort of the patient. The increasing cases of heart-related diseases owing to the rising geriatric population, sedentary lifestyles led by the working population, and lack of sleep, are some of the factors escalating the cases of bradycardia. 

Market Share by Region

At a regional level, North America holds a decent share in the transcutaneous pacing market. The high quality of medical facilities available across the strong economies, such as the United States, is a crucial driving factor of the market. In addition, the increasing prevalence of obesity in the country is leading to an escalation in heart rhythm abnormalities. 

Meanwhile, Europe holds a significant share in the market, which is being propelled by the advancements in healthcare infrastructure, increasing elderly population, and improving standards of living. Moreover, the presence of major medical manufacturers in the region are further providing impetus to the market for transcutaneous pacing.  

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Competitive Landscape

Koninklijke Philips N.V. is a multinational conglomerate company which is headquartered in Amsterdam, Netherlands. It was founded in the year 1891 and has more than 78,000+ employees. Koninklijke Philips N.V. focusses on innovating in the field of health technology. Since its formation, the company has innovated a wide range of medical equipment. 

Boston Scientific Corporation is one of the leading manufacturing companies based in the United States. This company manufactures high-end medical equipment which bolsters both the diagnostics and treatment infrastructure across healthcare units. Boston Scientific Corporation has around 40 offices worldwide and approximately 25,000 skilled workers. 

Medtronic Plc is a prominent America medical technology company which is headquartered in Dublin, Ireland. The company was founded in 1949 and has a strength of 95,000+ employees. Medtronic Plc offers innovative healthcare solutions across the world. This organisation also focusses on insight-drive care. 

Other market players include Biotronik, and OSCOR Inc., among others.

Key Highlights of the Report