The global Cardiac Pacemaker Market is projected to exhibit a declining CAGR of -0.5% during the forecast period in terms of value. Global cardiac pacemaker market value is expected to reach US$ 3,923.8 Mn by the end of 2024. A pacemaker is a small electrical device used for treatment of arrhythmias in patients suffering from irregular heartbeat. Arrhythmias is of two types, tachycardia and bradycardia. When the heart beat is too fast it is termed as tachycardia and when it is too slow it is known as bradycardia. During arrhythmia the heart is not able to pump enough blood to the other parts of the body, which causes fatigue and fainting.