UK Cardiac Resynchronization Therapy Market Size & Outlook
UK cardiac resynchronization therapy market, 2018-2030 (US$M)
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UK cardiac resynchronization therapy market highlights
- The UK cardiac resynchronization therapy market generated a revenue of USD 178.0 million in 2023 and is expected to reach USD 281.8 million by 2030.
- The UK 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 178.0 million |
| Market revenue in 2030 | USD 281.8 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, UK accounted for 4.0% 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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UK 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 70.11% in 2023. Horizon Databook has segmented the UK cardiac resynchronization therapy market based on crt-defibrillator, crt-pacemaker covering the revenue growth of each sub-segment from 2018 to 2030.
High incidence and prevalence of heart failure can lead to Sudden Cardiac Arrest (SCA) and death. Implantation of CRT device may, thus, be prescribed to prevent SCA in patients at high risk. As per the National Institute for Health and Care Excellence (NICE), over 920,000 people suffered from chronic heart failure in the UK in 2018.
The growing prevalence of risk factors leading to heart failure is the main factor estimated to contribute to higher demand for CRT devices in the coming years. Risk factors for heart failure are coronary heart disease, high blood pressure, cardiomyopathy, arrhythmias, and congenital heart diseases.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK cardiac resynchronization therapy market , including forecasts for subscribers. This country databook contains high-level insights into UK cardiac resynchronization therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK cardiac resynchronization therapy market size, by product, 2018-2030 (US$M)
UK Cardiac Resynchronization Therapy Market Outlook Share, 2023 & 2030 (US$M)
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