South Korea Cardiac Resynchronization Therapy Market Size & Outlook
South Korea cardiac resynchronization therapy market, 2018-2030 (US$M)
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South Korea cardiac resynchronization therapy market highlights
- The South Korea cardiac resynchronization therapy market generated a revenue of USD 103.2 million in 2023 and is expected to reach USD 163.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.8% 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 103.2 million |
| Market revenue in 2030 | USD 163.2 million |
| Growth rate | 6.8% (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, South Korea accounted for 2.3% 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 |
|---|
South Korea 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 61.43% in 2023. Horizon Databook has segmented the South Korea cardiac resynchronization therapy market based on crt-defibrillator, crt-pacemaker covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is projected to become a super-aged society, according to a study published in World Scientific. By 2026, over 20% of its population is estimated to be aged 65 years and older owing to factors such as declining fertility rate and increasing lifespans. Statistics Korea estimated that about 8.53 million individuals are aged 65 years and older in 2021.
This number is expected to reach 12.98 million by 2030. The aging population indicates a growing number of people at risk of chronic diseases, such as congestive heart failure, hypertension, and arrhythmia. This is anticipated to contribute to market growth in the country.
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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 South Korea cardiac resynchronization therapy market , including forecasts for subscribers. This country databook contains high-level insights into South Korea cardiac resynchronization therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea cardiac resynchronization therapy market size, by product, 2018-2030 (US$M)
South Korea Cardiac Resynchronization Therapy Market Outlook Share, 2023 & 2030 (US$M)
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