Cardiac Resynchronization Therapy (CRT) Market, By Product (Cardiac Resynchronization Therapy Pacemakers [CRT-P], Cardiac Resynchronization Therapy Defibrillators [CRT-D]), By Region And Segment Forecasts, 2014 - 2025

  • ID: 4076514
  • Report
  • 80 pages
  • Grand View Research
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FEATURED COMPANIES

  • BIOTRONIK
  • Boston Scientific
  • LivaNova Plc
  • Medtronic Plc.
  • St. Jude Medical
  • MORE
The global cardiac resynchronization therapy (CRT) market is expected to reach USD 8.8 billion by 2025. Increasing prevalence of cardiac disorders and rising incidences of heart failure are expected to boost the CRT market growth over the forecast period.

According to statistics published by the Sudden Cardiac Arrest Foundation, about 6.0 million people within the U.S. region suffer from cardiac disorders, of which 0.8 million are affected by atrioventricular block leading to cardiac failure. Such a huge number leads to an increased cost of about USD 20-56 billion annually. CRT devices are being predominantly used to prevent the surgical cost and readmission rate in hospitals, thereby propelling its growth.

In addition, the on-going research to develop smaller, wireless/leadless and long-lasting CRT devices is expected to be a vital impact rendering driver. For instance, in September 2016, EBR Systems Inc., announced that it had attained the FDA Investigational Device Exemption (IDE) consent for their Wireless Stimulation Endocardially (WiSE) technology in the U.S.

This technology is capable of stimulating the left ventricle internally leading to superior performance in comparison to devices with pacing systems placed near the collar bone. The study is expected to be started by mid-2017 with complete support by the FDA in terms of regulatory compliance, and financial aid.

Further Key Findings From the Study Suggest:

CRT-D products are expected to dominate over the forecast period. According to a paper published in the Journal of Cardiovascular Electrophysiology, more than half of the CRT product implants are done using CRT-D.

Asia Pacific and Latin American region are expected to witness lucrative growth and contribute over 30.0% of the revenue in 2025. This has been attributed to the rapid expansion of industry players within these regions in terms of manufacturing as well as distribution.

Competitive pricing and necessity for high operational optimization are expected to help companies strengthen their foothold in growing economies such as India, Mexico, and others.

Additionally, countries such as Japan are also observed to register high adoption rate for quadripolar lead-based CRT-D devices. This is expected further boost market growth.

Major market players of the industry are Medtronic Plc., BIOTRONIK, LivaNova Plc., St. Jude Medical, and Boston Scientific. However, a more assorted marketplace exists for vendors of leads (wireless and wired) that are used in the system.
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FEATURED COMPANIES

  • BIOTRONIK
  • Boston Scientific
  • LivaNova Plc
  • Medtronic Plc.
  • St. Jude Medical
  • MORE
1 Research Methodology
1.1 Information Procurement
1.2 Data Analysis
1.3 Country wise market calculation

2 Executive Summary
2.1 Market Snapshot

3 CRT Market Variables, Trends, & Scope
3.1 Market Segmentation & Scope
3.2 Market size and growth prospects
3.3 Market driver analysis
3.4 Market restraint analysis
3.5 Key Opportunities Prioritized
3.6 Industry Analysis Porter’s
3.7 CRT PESTEL Analysis

4 CRT Market: Product Estimates & Trend Analysis
4.1 CRT market: Product movement analysis
4.2 CRT-D
4.2.1 CRT-D market, 2014 - 2025 (USD Million)
4.3 CRT-P
4.3.1 CRT-P market, 2014 - 2025 (USD Million)

5 CRT Market: Regional Estimates & Trend Analysis, By Product
5.1 CRT Market Share by Region, 2015 & 2025
5.2 North America
5.2.1 North America CRT market estimates and forecasts, 2014 - 2025
5.2.2 U.S.
5.2.2.1 U.S. CRT market estimates and forecasts, 2014 - 2025
5.2.3 Canada
5.2.3.1 Canada CRT market estimates and forecasts, 2014 - 2025
5.3 Europe
5.3.1 Europe CRT market estimates and forecasts, 2014 - 2025
5.3.2 UK
5.3.2.1 UK CRT market estimates and forecasts, 2014 - 2025
5.3.3 Germany
5.3.3.1 Germany CRT market estimates and forecasts, 2014 - 2025
5.4 Asia Pacific
5.4.1 Asia Pacific CRT market estimates and forecasts, 2014 - 2025
5.4.2 Japan
5.4.2.1 Japan CRT market estimates and forecasts, 2014 - 2025
5.4.3 China
5.4.3.1 China CRT market estimates and forecasts, 2014 - 2025
5.5 Latin America
5.5.1 Latin America CRT market estimates and forecasts, 2014 - 2025
5.5.2 Brazil
5.5.2.1 Brazil CRT market estimates and forecasts, 2014 - 2025
5.5.3 Mexico
5.5.3.1 Mexico CRT market estimates and forecasts, 2014 - 2025
5.6 MEA
5.6.1 MEA CRT market estimates and forecasts, 2014 - 2025
5.6.2 South Africa
5.6.2.1 South Africa CRT market estimates and forecasts, 2014 - 2025

6 Competitive Landscape
6.1 Strategy framework
6.2 Company Profiles
6.2.1 Medtronic Plc.
6.2.1.1 Company Overview
6.2.1.2 Financial Performance
6.2.1.3 Geographic Foothold
6.2.1.4 Product Benchmarking
6.2.1.5 Strategic Initiatives
6.2.2 St. Jude Medical
6.2.2.1 Company Overview
6.2.2.2 Financial Performance
6.2.2.3 Geographic Foothold
6.2.2.4 Product Benchmarking
6.2.2.5 Strategic Initiatives
6.2.3 Boston Scientific
6.2.3.1 Company Overview
6.2.3.2 Financial Performance
6.2.3.3 Geographic Foothold
6.2.3.4 Service Benchmarking
6.2.3.5 Strategic Initiatives
6.2.4 BIOTRONIK
6.2.4.1 Company Overview
6.2.4.2 Financial Performance
6.2.4.3 Geographic Foothold
6.2.4.4 Product Benchmarking
6.2.4.5 Strategic Initiatives
6.2.5 LivaNova Plc
6.2.5.1 Company overview
6.2.5.2 Financial Performance
6.2.5.3 Geographic Foothold
6.2.5.4 Product Benchmarking
6.2.5.5 Strategic Initiatives

List of Tables

Table 1 Country wise market share percentage
Table 2 North America CRT market, by region, 2014 - 2025 (USD Million)
Table 3 North America CRT market, by product, 2014 - 2025 (USD Million)
Table 4 U.S. CRT market, by product, 2014 - 2025 (USD Million)
Table 5 Canada CRT market, by product, 2014 - 2025 (USD Million)
Table 6 Europe CRT market, by region, 2014 - 2025 (USD Million)
Table 7 Europe CRT market, by product, 2014 - 2025 (USD Million)
Table 8 UK CRT market, by product, 2014 - 2025 (USD Million)
Table 9 Germany CRT market, by product, 2014 - 2025 (USD Million)
Table 10 Asia Pacific CRT market, by region, 2014 - 2025 (USD Million)
Table 11 Asia Pacific CRT market, by product, 2014 - 2025 (USD Million)
Table 12 Japan CRT market, by product, 2014 - 2025 (USD Million)
Table 13 China CRT market, by product, 2014 - 2025 (USD Million)
Table 14 Latin America CRT market, by region, 2014 - 2025 (USD Million)
Table 15 Latin America CRT market, by product, 2014 - 2025 (USD Million)
Table 16 Brazil CRT market, by product 2014 - 2025 (USD Million)
Table 17 Mexico CRT market, by product, 2014 - 2025 (USD Million)
Table 18 MEA CRT market, by region, 2014 - 2025 (USD Million)
Table 19 MEA CRT market, by product, 2014 - 2025 (USD Million)
Table 20 South Africa CRT market, by product, 2014 - 2025 (USD Million)

List of Figures

Figure 1 Market research process
Figure 2 Information procurement
Figure 3 Primary research pattern
Figure 4 Market research approaches
Figure 5 Value chain based sizing & forecasting
Figure 6 QFD modeling for market share assessment
Figure 7 Market summary, 2015 (USD Million)
Figure 8 Market trends & outlook
Figure 9 CRT market: Market segmentation
Figure 10 CRT market revenue, 2014-2025 (USD Million)
Figure 11 Market driver relevance analysis (Current & future impact)
Figure 12 Market restraint relevance analysis (Current & future impact)
Figure 13 Key Opportunities Prioritized
Figure 14 CRT: Porter’s analysis
Figure 15 CRT PESTEL analysis
Figure 16 CRT market product outlook key takeaways
Figure 17 CRT market: Product movement analysis
Figure 18 CRT-D market, 2014 - 2025 (USD Million)
Figure 19 CRT-P market, 2014 - 2025 (USD Million)
Figure 20 Regional market place: Key takeaways
Figure 21 Regional outlook, 2015 & 2025
Figure 22 North America CRT market, 2014 - 2025 (USD Million)
Figure 23 U.S. CRT market, 2014 - 2025 (USD Million)
Figure 24 Canada CRT market, 2014 - 2025 (USD Million)
Figure 25 Europe CRT market, 2014 - 2025 (USD Million)
Figure 26 UK CRT market, 2014 - 2025 (USD Million)
Figure 27 Germany CRT market, 2014 - 2025 (USD Million)
Figure 28 Asia Pacific CRT market, 2014 - 2025 (USD Million)
Figure 29 Japan CRT market, 2014 - 2025 (USD Million)
Figure 30 China CRT market, 2014 - 2025 (USD Million)
Figure 31 Latin America CRT market, 2014 - 2025 (USD Million)
Figure 32 Brazil CRT market, 2014 - 2025 (USD Million)
Figure 33 Mexico CRT market, 2014 - 2025 (USD Million)
Figure 34 MEA CRT market, 2014 - 2025 (USD Million)
Figure 35 South Africa CRT market, 2014 - 2025 (USD Million)
Figure 36 Strategy framework
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  • Medtronic Plc.
  • St. Jude Medical
  • Boston Scientific
  • BIOTRONIK
  • LivaNova Plc
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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