Asia Pacific Cardiac Resynchronization Therapy Market Size & Outlook
Asia Pacific cardiac resynchronization therapy market, 2018-2030 (US$M)
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Asia Pacific cardiac resynchronization therapy market highlights
- The Asia Pacific cardiac resynchronization therapy market generated a revenue of USD 775.1 million in 2023.
- The market is expected to grow at a CAGR of 6.8% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 775.1 million |
| Market revenue in 2030 | USD 1,229.3 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Crt-defibrillator |
| Fastest growing segment | CRT-Pacemaker |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 17.4% of the global cardiac resynchronization therapy market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,229.3 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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Asia Pacific 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 56.75% in 2023. Horizon Databook has segmented the Asia Pacific cardiac resynchronization therapy market based on crt-defibrillator, crt-pacemaker covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is projected to grow at fastest CAGR over the next few years. This is owing to developing healthcare infrastructure, aging population, improvement in economic conditions, strategic initiatives by key companies, and growing prevalence of cardiac diseases. Developed markets, such as Japan and Australia, are also rapidly adopting new technological advancements in these devices.
For instance, remote monitoring in cardiac implantable devices was found to be adopted rapidly across Asia Pacific, especially in CRT/CRTDs, despite having greater cost. In New Zealand, data on cardiac implantable electronic devices was studied between 2014 and 2017. 155 patients received CRT-D implants, while 175 received CRT-P implants during the period. Patients who received a new CRT-P were found to be more likely to be female and older, compared to new primary prevention CRT-D implants.
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Our clientele includes a mix of cardiac resynchronization therapy market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific cardiac resynchronization therapy market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific cardiac resynchronization therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific cardiac resynchronization therapy market size, by country, 2018-2030 (US$M)
Asia Pacific Cardiac Resynchronization Therapy Market Outlook Share, 2023 & 2030 (US$M)
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