Middle East & Africa Cardiac Resynchronization Therapy Market Size & Outlook
Middle East & Africa cardiac resynchronization therapy market, 2018-2030 (US$M)
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MEA cardiac resynchronization therapy market highlights
- The MEA cardiac resynchronization therapy market generated a revenue of USD 133.5 million in 2023.
- The market is expected to grow at a CAGR of 5.1% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 133.5 million |
| Market revenue in 2030 | USD 189.3 million |
| Growth rate | 5.1% (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, MEA region accounted for 3.0% 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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Middle East & Africa 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 61.2% in 2023. Horizon Databook has segmented the Middle East & Africa cardiac resynchronization therapy market based on crt-defibrillator, crt-pacemaker covering the revenue growth of each sub-segment from 2018 to 2030.
Growing awareness about cardiovascular events in developing economies and initiatives undertaken by key players are expected to propel the MEA market. In addition, presence of local distributors and increasing initiatives to raise awareness about cardiac health are expected to contribute to market growth in coming years. A study conducted from 2011 to 2018 across Africa found that access and use of cardiac arrhythmia services was lacking across the region.
CRT was found to be performed in 12% or 52% of respondent African countries. Implantation of CRT-P was reported in 52% of responding 23 countries, and 45% of countries reported CRT-D implantation. High cost was identified to be a major barrier to use of CRT-P and CRT-Ds across the region. The study recommended increased economic investments, training human resources, and improving healthcare infrastructure as critical targets for boosting cardiac arrhythmia services throughout Africa.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa cardiac resynchronization therapy market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cardiac resynchronization therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA cardiac resynchronization therapy market size, by country, 2018-2030 (US$M)
Middle East & Africa Cardiac Resynchronization Therapy Market Outlook Share, 2023 & 2030 (US$M)
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