The global cardiac pacemakers market is expected to reach $5.1bn by 2015, according to a report by Research and Markets.
The market is likely to grow at a compound annual growth rate (CAGR) of 11% between 2009 to 2015, it adds.
North America accounts for nearly 40% of the market’s value, but Europe represents less than 10% of the market.
Asia-Pacific is the fastest growing segment, with a CAGR of 13.3%. It is estimated to reach $1.3bn by 2015.
External pacemakers will account for 40% of the global market by 2015, leaving the rest of the market to implantable pacemakers.