Canada Cardiac Resynchronization Therapy Market Size & Outlook
Canada cardiac resynchronization therapy market, 2018-2030 (US$M)
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Canada cardiac resynchronization therapy market highlights
- The Canada cardiac resynchronization therapy market generated a revenue of USD 348.3 million in 2023 and is expected to reach USD 528.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.1% 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 348.3 million |
| Market revenue in 2030 | USD 528.6 million |
| Growth rate | 6.1% (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, Canada accounted for 7.8% 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 North America, U.S. cardiac resynchronization therapy market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 528.6 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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Canada 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 52.68% in 2023. Horizon Databook has segmented the Canada cardiac resynchronization therapy market based on crt-defibrillator, crt-pacemaker covering the revenue growth of each sub-segment from 2018 to 2030.
Canada's CRT market is expected to witness significant growth during the forecast period. Manufacturers in the U.S., with FDA clearance, have easy access to the Canadian market, which helps key players establish a stronger market presence in the country. Moreover, import or export between the U.S. & Canada is convenient due to similarities in quality & safety standards, as well as geographic proximity between the two countries.
Furthermore, favorable government regulations are expected to significantly boost market growth. Medical devices are governed by Canada’s Food and Drugs Act & Medical Device Regulations and regulated by Health Canada’s Medical Devices Bureau of the Therapeutic Products Directorate. To meet the growing demand for digital technology-based medical devices, Health Canada has established a new division under the Regulatory Review of Drugs and Devices initiative.
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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 country-level data and insights on the Canada cardiac resynchronization therapy market , including forecasts for subscribers. This country databook contains high-level insights into Canada cardiac resynchronization therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada cardiac resynchronization therapy market size, by product, 2018-2030 (US$M)
Canada Cardiac Resynchronization Therapy Market Outlook Share, 2023 & 2030 (US$M)
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