Pulsars, if existing and detectable in the immediate vicinity of the massive black hole (MBH) in the Galactic center (GC), may be used as a superb tool to probe both the environment and the metric of the central MBH. The recent discovery of a magnetized pulsar in the GC suggests that many more pulsars should exist near the MBH. In this paper, we estimate the number and the orbital distribution of pulsars in the vicinity of the MBH in the GC by assuming that the pulsar progenitors, similar to the GC S-stars, were captured to orbits tightly bound to the MBH through the tidal breakup of stellar binaries. We use the current observations on both the GC S-stars and the hypervelocity stars to calibrate the injection rate(s) of and the dynamical model(s) for the stellar binaries. By including the relaxation processes, supernova kicks, and gravitational wave radiation in our simulations, we estimate that ~97-190 (9-14) pulsars may presently orbit the central MBH with semimajor axes <=4000AU (<=1000AU), which is compatible with the current observational constraints on the number of the GC pulsars. The semimajor axis and the pericenter distance of the pulsar closest to the central MBH are probably in the range of ~120-460AU and ~2-230AU, respectively. Future telescopes, such as the SKA, may be able to detect a significant number of pulsars with semimajor axis smaller than a few thousand AU in the GC. Long-term monitoring of these pulsars would be helpful in constraining both the environment and the metric of the central MBH. Our preferred model also results in about ten hyperfast pulsars with velocity >~1500km/s moving away from the Milky Way.
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