Japan Cardiac Resynchronization Therapy Market Size & Outlook
Japan cardiac resynchronization therapy market, 2018-2030 (US$M)
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Japan cardiac resynchronization therapy market highlights
- The Japan cardiac resynchronization therapy market generated a revenue of USD 171.9 million in 2023 and is expected to reach USD 263.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.3% 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 171.9 million |
| Market revenue in 2030 | USD 263.1 million |
| Growth rate | 6.3% (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, Japan accounted for 3.9% 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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Japan 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 53.29% in 2023. Horizon Databook has segmented the Japan cardiac resynchronization therapy market based on crt-defibrillator, crt-pacemaker covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific’s market growth is being spearheaded by Japan, owing to high penetration of CRT devices, rapidly aging population, and supportive government policies. A 2020 study published in Journal of Arrhythmia analyzed data from 2006 to 2016 extracted from Japan Cardiac Device Treatment Registry (JCDTR). The study found an increasing trend in percentage of de novo implantation of ICDs, CRT‐Ds, and CRT‐Ps in patients aged 75 years & above in Japan.
The number of patients that received ICD implants, CRT-D implants, and CRT-P implants were found to be 17,564, 9,470, & 1,087, respectively. In July 2017, Biotronik launched Evity CRT-P in the Japanese market. The product featured battery life of almost 10 years, MRI AutoDetect, RF Telemetry, and BIOTRONIK Home Monitoring. Such initiatives by key companies are anticipated to fuel the market.
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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 Japan cardiac resynchronization therapy market , including forecasts for subscribers. This country databook contains high-level insights into Japan cardiac resynchronization therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan cardiac resynchronization therapy market size, by product, 2018-2030 (US$M)
Japan Cardiac Resynchronization Therapy Market Outlook Share, 2023 & 2030 (US$M)
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