UK Implantable Cardioverter Defibrillators Market Size & Outlook
UK implantable cardioverter defibrillators market, 2018-2030 (US$M)
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UK implantable cardioverter defibrillators market highlights
- The UK implantable cardioverter defibrillators market generated a revenue of USD 198.4 million in 2023 and is expected to reach USD 321.6 million by 2030.
- The UK market is expected to grow at a CAGR of 7.1% 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.
Implantable cardioverter defibrillators market data book summary
| Market revenue in 2023 | USD 198.4 million |
| Market revenue in 2030 | USD 321.6 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Transvenous implantable cardioverter-defibrillators |
| Fastest growing segment | Subcutaneous Implantable Cardioverter Defibrillators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UK accounted for 5.2% of the global implantable cardioverter defibrillators market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany implantable cardioverter defibrillators 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 321.6 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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UK 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 89.57% in 2023. Horizon Databook has segmented the UK 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 British Heart Foundation, more than 30,000 out-of-hospital cardiac arrests are reported each year in the UK. The survival rate is very low, accounting for less than 1 in every 10 cases surviving the arrest.
Furthermore, as per the NHS, more than 2 million people in the country suffer from arrhythmias and, 1 in every 250 people suffers from cardiomyopathy. Therefore, significant market opportunity for ICD exists in the region.
Moreover, as per a report from MedTech Europe, an estimated 85 units/million population in the U.K. underwent biventricular device implantation in 2019. Moreover, a significant correlation between high blood pressure & its negative effect on LVH is expected to drive the market for ICD in the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK implantable cardioverter defibrillators market , including forecasts for subscribers. This country databook contains high-level insights into UK implantable cardioverter defibrillators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK implantable cardioverter defibrillators market size, by product, 2018-2030 (US$M)
UK Implantable Cardioverter Defibrillators Market Outlook Share, 2023 & 2030 (US$M)
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