Australia Cardiac Resynchronization Therapy Market Size & Outlook
Australia cardiac resynchronization therapy market, 2018-2030 (US$M)
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Australia cardiac resynchronization therapy market highlights
- The Australia cardiac resynchronization therapy market generated a revenue of USD 122.9 million in 2023 and is expected to reach USD 198.0 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.1% 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 122.9 million |
| Market revenue in 2030 | USD 198.0 million |
| Growth rate | 7.1% (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, Australia accounted for 2.8% 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 Asia Pacific, Japan cardiac resynchronization therapy market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 189.1 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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Australia 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 58.5% in 2023. Horizon Databook has segmented the Australia cardiac resynchronization therapy market based on crt-defibrillator, crt-pacemaker covering the revenue growth of each sub-segment from 2018 to 2030.
Cardiac Society of Australia and New Zealand and National Heart Foundation of Australia are among international cardiology societies that prescribe guidelines for detection, prevention, & management of chronic heart failure in the country. High prevalence of CHF, awareness initiatives by public & private health institutions, and investments by major market players are expected to contribute to market growth in Australia.
For instance, as per Heart Foundation, about 110,000 people are diagnosed with heart failure in Australia. In fact, cardiovascular diseases were responsible for 25% of all deaths (about 42,300 deaths) in 2019, as per Australian Institute of Health and Welfare.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia cardiac resynchronization therapy market , including forecasts for subscribers. This country databook contains high-level insights into Australia cardiac resynchronization therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia cardiac resynchronization therapy market size, by product, 2018-2030 (US$M)
Australia Cardiac Resynchronization Therapy Market Outlook Share, 2023 & 2030 (US$M)
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