India Cardiac Resynchronization Therapy Market Size & Outlook
India cardiac resynchronization therapy market, 2018-2030 (US$M)
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India cardiac resynchronization therapy market highlights
- The India cardiac resynchronization therapy market generated a revenue of USD 115.7 million in 2023 and is expected to reach USD 189.1 million by 2030.
- The India market is expected to grow at a CAGR of 7.3% 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 115.7 million |
| Market revenue in 2030 | USD 189.1 million |
| Growth rate | 7.3% (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, India accounted for 2.6% 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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India 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 55.57% in 2023. Horizon Databook has segmented the India cardiac resynchronization therapy market based on crt-defibrillator, crt-pacemaker covering the revenue growth of each sub-segment from 2018 to 2030.
As per a study published in Indian Heart Journal in December 2018, 116 out of 471 heart failure patients (24.6%) were implanted with a CRT device while the remaining refused due to financial constraints. Patients that underwent CRT were found to have improved clinical outcomes after 2 years.
Growing awareness about cardiac health, developing healthcare infrastructure, and increasing disposable income are anticipated to fuel the market over the forecast period. Global players are also expanding their businesses to capture market share in the country. In October 2020, Abbott launched new lineup of CRT-Ds and ICDs in India, thus, supporting its growth objectives.
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Horizon Databook provides a detailed overview of country-level data and insights on the India cardiac resynchronization therapy market , including forecasts for subscribers. This country databook contains high-level insights into India cardiac resynchronization therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India cardiac resynchronization therapy market size, by product, 2018-2030 (US$M)
India Cardiac Resynchronization Therapy Market Outlook Share, 2023 & 2030 (US$M)
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