Europe Cardiac Resynchronization Therapy Market Size & Outlook
Europe cardiac resynchronization therapy market, 2018-2030 (US$M)
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Europe cardiac resynchronization therapy market highlights
- The Europe cardiac resynchronization therapy market generated a revenue of USD 1,005.7 million in 2023.
- The market is expected to grow at a CAGR of 6% 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, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,005.7 million |
| Market revenue in 2030 | USD 1,515.0 million |
| Growth rate | 6% (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, Europe region accounted for 22.6% 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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Europe 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 65.24% in 2023. Horizon Databook has segmented the Europe cardiac resynchronization therapy market based on crt-defibrillator, crt-pacemaker covering the revenue growth of each sub-segment from 2018 to 2030.
The European cardiac resynchronization therapy market is projected to grow at a notable pace in the coming years. This can be attributed to presence of key market players, high prevalence of heart failure, and well-established healthcare infrastructure. For example, 11,088 patients, representing 11% of the total number of estimated implantations in the 42 participating countries across Europe, were surveyed by the European Society of Cardiology from 2015 to 2017, and the results published in December 2019.
Significant regional variations in clinical practice were observed. Around 28% of procedures were found to be upgrades from a permanent ICD or pacemaker. Of the CRT devices implanted, 30% were CRT pacemakers and 70% were found to be CRT defibrillators. The countries with the highest number of patients enrolled for implantation were identified to be the UK, Germany, France, Italy, Spain, Hungary, Czech Republic, Poland, and Slovakia.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe cardiac resynchronization therapy market , including forecasts for subscribers. This continent databook contains high-level insights into Europe cardiac resynchronization therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe cardiac resynchronization therapy market size, by country, 2018-2030 (US$M)
Europe Cardiac Resynchronization Therapy Market Outlook Share, 2023 & 2030 (US$M)
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