Cardiac Resynchronization Therapy Market Overview

The cardiac resynchronization therapy (CRT) market is growing pervasively. Market growth mainly attributes to the growing rate of cardiovascular disorders worldwide. There has been a spurting increase in cardiac disorders cases and issues related to heart diseases. Despite the several innovative therapies, the prevalence of these diseases is rising, continually becoming a significant concern. Moreover, the growing adoption of CRT to treat cardiovascular disorders escalates the market growth on the global platform.

Cardiac resynchronization therapy is also known as biventricular pacing, it used to aid in correcting the heart’s rhythm and any symptoms associated with irregular heart rhythms (arrhythmias). In this procedure implantation of a pacemaker is done, with three wires attached to the device to monitor the heart rate irregularities and can emit small pulses of electricity to correct them, and therefore it’s called resynchronizing the heart.The growth of global Cardiac Resynchronization Therapy Market Size is driven by various factors such as a growing number of intensive care units, a rising number of surgical procedures, and rising sedentary lifestyle followed by poor fitness levels. However, the high costs of therapy are expected to curb the growth of the global cardiac resynchronization therapy market. The global cardiac resynchronization therapy market is currently dominated by several market players. The key players are involved in innovative product launches and strategic alliance to strengthen their market positions.

Rising technological advances in heart care, in terms of diverse engineering and design backgrounds, liability, privacy, and financial perspectives essential to succeed in a complex health care system foster the CRT market growth. Also, growing numbers of intensive care units and surgical procedures push market growth.  Changing lifestyle and subsequent rise in lifestyle diseases and disorders such as obesity and diabetes expand the cardiac resynchronization therapy (CRT) market. Various factors are propelling the cardiac resynchronization therapy market. These include the increasing number of intensive care units, increasing number of surgical procedures, poor fitness levels, rising sedentary lifestyle, growing incidence of target diseases, technological advancements, growing incidence of heart disease, rising demand for invasive techniques in heart disease treatment, and changes in lifestyle.

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Cardiac Resynchronization Therapy Market Players

Players leading the global CRT market include Medtronic, Abbott, Biotronik, Inc., Boston Scientific Corporation, Lepu Medical Technology Co., Ltd., Medico S.p.A., MicroPort Scientific Corporation, and Shree Pacetronix Ltd., among others. 

Cardiac Resynchronization Therapy Market Regional Analysis

North America dominates the global cardiac resynchronization therapy (CRT) market. The largest market share attributes to the prevalence of cardiovascular diseases among the rising geriatric population and vulnerability to hypertension and obesity issues leading to heart diseases and disorders. Adoption of cardiac resynchronization therapy in the Americas is high due to the growing number of people suffering from heart issues. Besides, factors such as increasing government initiatives and R&D funding and rising demand for technologically advanced CRTs substantiate the growth of the market.

Europe stands second in the global cardiac resynchronization therapy (CRT) market. The market is drive by the increasing healthcare expenditure and availability of advanced treatment facilities. A growing geriatric population is leading to a rise in the number of musculoskeletal system disorder cases. Moreover, government initiatives of healthcare and increasing cardiovascular diseases in Europe foster the growth of the market. The European cardiac resynchronization therapy (CRT) market is estimated to register a phenomenal CAGR during the forecast period.

The cardiac resynchronization therapy (CRT) market is brisk in the Asia Pacific region. The region is seeing a surge in the number of people afflicted with cardiac resynchronization therapy due to bad posture caused by lifestyle changes, aging, and genetic predisposition. Moreover, factors such as the faster adoption of advanced healthcare technologies, government initiatives to increase the quality of care,  favorable insurance, and reimbursement policies boost regional market growth.

Furthermore, increasing numbers of multinational companies are setting up their manufacturing plants in emerging economies such as Singapore, China, Japan, Korea, and Australia. This, as a result, propels the growth of the regional market. The APAC cardiac resynchronization therapy (CRT) market is projected to create a substantial revenue pocket over the estimated period.

Cardiac Resynchronization Therapy Market Segmentation

• The MRFR report provides an all-inclusive analysis of the cardiac resynchronization therapy market on the basis of type, end user, and application. 
• Based on the application, the cardiac resynchronization therapy market is segmented into atrioventricular dyssnchrony, interventricular dyssynchrony, and intraventricular dyssynchrony. Of these, the intraventricular dyssynchrony segment will have the largest share in the market owing to the increasing incidence of heart diseases and the growing demand for invasive procedures worldwide. This will be followed by the atrioventricular dyssynchrony segment.
• Based on type, the cardiac resynchronization therapy market is segmented into cardiac resynchronization defibrillator and cardiac resynchronization therapy pacemaker. Of these, the cardiac resynchronization therapy pacemaker segment will dominate the market over the forecast period.
• Based on end user, the cardiac resynchronization therapy market is segmented into academic and research organizations, cardiac specialty centers, and hospitals. Of these, the hospitals’ segment will lead the market over the forecast period owing to the fact that these centers are the key locations for patients that receive the CRT therapy.

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