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.
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.
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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 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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