The Global Cardiac Resynchronization Therapy Market Report is a compilation of comprehensive research studies of various aspects of the Cardiac Resynchronization Therapy Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Cardiac Resynchronization Therapy market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Cardiac Resynchronization Therapy market and how they will evolve in the years to come.
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In terms of revenue, cardiac resynchronization therapy market was valued at US$ 4038.35 Mn in 2022 growing at a CAGR of 5.6% over the forecast period (2022 – 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries. Key Players: Abbott, BIOTRONIK Asia Pacific Pte. Ltd., Boston Scientific Corporation, MEDICO S.R.L., Medtronic, MicroPort Scientific Corporation, Other Market Participants.
Chronic disorders such as congestive heart failure, hypertension, and arrhythmia are becoming more common as the population ages. According to the American Heart Association’s Heart & Stroke Statistics report from 2020, about 356,000 cases of out-of-hospital cardiac arrest (OHCA) occur in the United States each year, with around 90% of these being fatal. Cardiac resynchronization therapy (CRT) is a treatment that helps the heart beat in a more regular rhythm. It utilises a pacemaker to restore the heartbeat’s regular timing rhythm. Over the forecast period, the global cardiac resynchronization therapy market is expected to be fuelled by new and innovative product introductions as well as increased acceptance of cardiac resynchronization therapy defibrillators. The rising demand for cardiac resynchronization therapy products is being driven by an increase in the incidence of target disease among the older population.
Furthermore, rising expenditure by various countries on improving their existing health care infrastructure, increase in disposable income among the middle class population, and rising middle class population around the world are some other factors positively influencing the global cardiac resynchronization therapy market’s development trajectory. Furthermore, companies in the global cardiac resynchronization therapy market are working hard to gain regulatory approval for their new and innovative products. For instance, in 2017, the United States Food and Drug Administration (FDA) approved Medtronic’s quadripolar cardiac resynchronization therapy peacemakers, which improve therapy delivery for heart failure patients. Moreover in 2017, they were also granted CE mark authorization for their quadripolar cardiac resynchronization treatment peacemaker products.
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Global Cardiac Resynchronization Therapy Market:
By Device Type
- Cardiac Resynchronization Therapy Defibrillator (CRT-D)
- Cardiac Resynchronization Therapy Pacemaker (CRT-P)
By Therapeutic Indication
- Heart Failure (Moderate to Severe)
- Abnormal Heart Rhythm
By End Users
- Hospitals & Clinics
- Specialty Cardiac Centers
- Ambulatory Surgical Centers
By Region
- North America
- S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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