Argentina Cardiac Resynchronization Therapy Market Size & Outlook
Argentina cardiac resynchronization therapy market, 2018-2030 (US$M)
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Argentina cardiac resynchronization therapy market highlights
- The Argentina cardiac resynchronization therapy market generated a revenue of USD 42.9 million in 2023 and is expected to reach USD 61.8 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, crt-defibrillator was the largest revenue generating product in 2023.
- CRT-Pacemaker is the most lucrative product segment registering the fastest growth during the forecast period.
Cardiac resynchronization therapy market data book summary
| Market revenue in 2023 | USD 42.9 million |
| Market revenue in 2030 | USD 61.8 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Crt-defibrillator |
| Fastest growing segment | CRT-Pacemaker |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CRT-Defibrillator, CRT-Pacemaker |
| Key market players worldwide | Medtronic PLC, Abbott Laboratories, Boston Scientific Corp, BIOTRONIK, MicroPort Scientific Corp, LivaNova PLC |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.0% of the global cardiac resynchronization therapy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil cardiac resynchronization therapy market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 70.6 million by 2030.
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Cardiac Resynchronization Therapy Market Scope
Cardiac Resynchronization Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina cardiac resynchronization therapy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cardiac resynchronization therapy market will help companies and investors design strategic landscapes.
Crt-defibrillator was the largest segment with a revenue share of 55.71% in 2023. Horizon Databook has segmented the Argentina cardiac resynchronization therapy market based on crt-defibrillator, crt-pacemaker covering the revenue growth of each sub-segment from 2018 to 2030.
An increase in healthcare investments and government reforms are expected to drive the market in Argentina. In 2019, the Secretary of Health of Argentina established the National Health Technology Assessment Agency, with the support of Pan American Health Organization (PAHO), to deploy innovative ways of improving the healthcare sector.
Moreover, in early 2019, the government launched a national health plan under the Universal Health Coverage framework, to improve healthcare in the nation. These practices have increased growth opportunities for CRT manufacturing companies. Furthermore, a surge in CVD-related mortality is driving Argentina’s market.
According to the World Heart Federation, noncommunicable diseases account for 81% of deaths in the country, out of which, 31% are related to cardiac failure. In addition, an increase in predisposing factors has propelled the prevalence of CVDs. For instance, Argentina reported a 30% increase in patients with high cholesterol levels and a 53% increase in patients with hypertension, over the past 15 years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina cardiac resynchronization therapy market , including forecasts for subscribers. This country databook contains high-level insights into Argentina cardiac resynchronization therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina cardiac resynchronization therapy market size, by product, 2018-2030 (US$M)
Argentina Cardiac Resynchronization Therapy Market Outlook Share, 2023 & 2030 (US$M)
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