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.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.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 Cardiac Resynchronization Therapy Market growth. Also, growing numbers of intensive care units and surgical procedures push market growth

Cardiac Resynchronization Therapy (CRT) Market is expected to cross USD 9.6 Billion by 2030 at a CAGR of 7.2% during the forecast period 2022-2030.

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Key Players 

Major players profiled in the cardiac resynchronization therapy market report include Lepu Medical Technology Co., Ltd. (China), Abbott (US), Medico S.p.A. (Italy), Shree Pacetronix Ltd. (India), MicroPort Scientific Corporation (China), Boston Scientific Corporation (US), BIOTRONIK, Inc. (US), and Medtronic (Ireland). Key players have used numerous strategies to create a niche in the market, such as partnerships/joint ventures, collaborations, expansions, mergers and acquisitions, research and development activities, and more.

Industry News

October 2019: The wireless cardiac pacing system from EBR has recently received the FDA breakthrough status. This device will offer hope to patients at the risk of heart failure and where conventional therapy proved unsuccessful. Above all, the system is customizable; that is, the receiver’s placement can be changed as per the needs of the patient.

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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.

 Regional Analysis

The cardiac resynchronization therapy market report covers the latest trends and growth opportunities across the Asia Pacific, the Middle East and Africa, the Americas, and Europe. Of these, the Americas will spearhead the market over the forecast period chiefly on account of increasing per capita income and increasing incidence of cardiac diseases.

The cardiac resynchronization therapy market in Europe is predicted to have the second-largest share in the market over the forecast period.

The cardiac resynchronization therapy market in the APAC region is predicted to grow at the fastest pace over the forecast period.

The cardiac resynchronization therapy market in the MEA is predicted to have a stable growth over the forecast period chiefly on account of the increasing awareness about CRT devices and the rising surgical procedure.

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