Spain Cardiac Resynchronization Therapy Market Size & Outlook
Spain cardiac resynchronization therapy market, 2018-2030 (US$M)
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Spain cardiac resynchronization therapy market highlights
- The Spain cardiac resynchronization therapy market generated a revenue of USD 120.3 million in 2023 and is expected to reach USD 180.6 million by 2030.
- The Spain 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.
Cardiac resynchronization therapy market data book summary
| Market revenue in 2023 | USD 120.3 million |
| Market revenue in 2030 | USD 180.6 million |
| Growth rate | 6% (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, Spain accounted for 2.7% 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 Europe, Germany cardiac resynchronization therapy market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 281.8 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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Spain 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 69.41% in 2023. Horizon Databook has segmented the Spain cardiac resynchronization therapy market based on crt-defibrillator, crt-pacemaker covering the revenue growth of each sub-segment from 2018 to 2030.
The Spanish Pacemaker Registry reported that, in 2020, about 3,850 CRT devices were implanted in Spain. Out of the implanted devices, 2,387 were CRT-D devices and 1,463 were CRT-P devices. Around 59.3% of devices were implanted in men, while the remaining in women. The average age of recipients was found to be 78.8 years.
The most frequent symptom prompting implantation was reported to be syncope in 41.8% of cases. The other symptoms were found to be dizziness and heart failure. Around 73.1% patients received first implants, while around 25% were exclusively generator replacements.
The growing prevalence of cardiac conditions and adoption of CRT devices in Spain is estimated to drive the market growth in the near future.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain cardiac resynchronization therapy market , including forecasts for subscribers. This country databook contains high-level insights into Spain cardiac resynchronization therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain cardiac resynchronization therapy market size, by product, 2018-2030 (US$M)
Spain Cardiac Resynchronization Therapy Market Outlook Share, 2023 & 2030 (US$M)
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