Europe Implantable Cardioverter Defibrillators Market Size & Outlook
Europe implantable cardioverter defibrillators market, 2018-2030 (US$M)
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Europe implantable cardioverter defibrillators market highlights
- The Europe implantable cardioverter defibrillators market generated a revenue of USD 1,120.7 million in 2023.
- The market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, transvenous implantable cardioverter-defibrillators was the largest revenue generating product in 2023.
- Subcutaneous Implantable Cardioverter Defibrillators is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,120.7 million |
| Market revenue in 2030 | USD 1,729.2 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Transvenous implantable cardioverter-defibrillators |
| Fastest growing segment | Subcutaneous Implantable Cardioverter Defibrillators |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transvenous Implantable Cardioverter-Defibrillators, Subcutaneous Implantable Cardioverter Defibrillators |
| Key market players worldwide | Abbott Laboratories, Medtronic PLC, BIOTRONIK, Boston Scientific Corp, MicroPort Scientific Corp, LivaNova PLC |
Other key industry trends
- In terms of revenue, Europe region accounted for 29.4% of the global implantable cardioverter defibrillators 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 1,236.8 million by 2030.
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Implantable Cardioverter Defibrillators Market Scope
Implantable Cardioverter Defibrillators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe implantable cardioverter defibrillators 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 implantable cardioverter defibrillators market will help companies and investors design strategic landscapes.
Transvenous implantable cardioverter-defibrillators was the largest segment with a revenue share of 89.8% in 2023. Horizon Databook has segmented the Europe implantable cardioverter defibrillators market based on transvenous implantable cardioverter-defibrillators, subcutaneous implantable cardioverter defibrillators covering the revenue growth of each sub-segment from 2018 to 2030.
According to the European Society of Cardiology, around 49 million people in the region suffer from CVD. There were 6 million new cases of CVD in 2019, which cost around USD 232 billion (EUR 210 billion) a year.
The major causes of death in European countries are stroke and Ischemic Heart Disease (IHD). The Central and Eastern European countries recorded a higher prevalence of CVDs than the Northern, Western, & Southern.
Moreover, according to the European Commission, sudden cardiac arrests (SCA) accounts for approximately 20% of the deaths in the region. Moreover, the European Resuscitation Council launched ESCAPE-NET project, which aims to group the leading European scientific teams who have large population cohorts focusing on SCA.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe implantable cardioverter defibrillators market , including forecasts for subscribers. This continent databook contains high-level insights into Europe implantable cardioverter defibrillators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe implantable cardioverter defibrillators market size, by country, 2018-2030 (US$M)
Europe Implantable Cardioverter Defibrillators Market Outlook Share, 2023 & 2030 (US$M)
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