Europe Congestive Heart Failure Treatment Devices Market Size & Outlook
Europe congestive heart failure treatment devices market, 2018-2030 (US$M)
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Europe congestive heart failure treatment devices market highlights
- The Europe congestive heart failure treatment devices market generated a revenue of USD 6,471.1 million in 2023.
- The market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, ventricular assist devices was the largest revenue generating product in 2023.
- Ventricular assist devices is the most lucrative product segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 6,471.1 million |
| Market revenue in 2030 | USD 10,204.4 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Ventricular assist devices |
| Fastest growing segment | Ventricular assist devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ventricular assist devices |
| Key market players worldwide | Medtronic PLC, Boston Scientific Corp, BIOTRONIK, Abbott Laboratories |
Other key industry trends
- In terms of revenue, Europe region accounted for 23.2% of the global congestive heart failure treatment devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 2,350.3 million by 2030.
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Congestive Heart Failure Treatment Devices Market Scope
Congestive Heart Failure Treatment Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe congestive heart failure treatment devices 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 congestive heart failure treatment devices market will help companies and investors design strategic landscapes.
Ventricular assist devices was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Europe congestive heart failure treatment devices market based on ventricular assist devices covering the revenue growth of each sub-segment from 2018 to 2030.
Europe also held a substantial market share in the CHF treatment devices market. According to the 2012 European Society of Cardiology report, each year there are around 4 million deaths in Europe causing 47% of a total number of deaths in Europe.
Moreover, the high amount of public funding through taxation in European countries is leading to a high demand for advanced therapeutics. Thus, it facilitated the growth of the CHF treatment devices in Europe
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe congestive heart failure treatment devices market, including forecasts for subscribers. This continent databook contains high-level insights into Europe congestive heart failure treatment devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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