Cardiac Resynchronization Therapy Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Cardiac Resynchronization Therapy Market?
The growth of the cardiac resynchronization therapy market is anticipated to be driven by the rising prevalence of cardiovascular diseases. These maladies, including illnesses that affect the heart and blood vessels, are escalating due to numerous factors such as increasing age, unhealthy lifestyle choices, tobacco consumption, sedentary habits, and poor diets. Cardiac resynchronization therapy (CRT) aids in the management of cardiovascular diseases like heart failure by better synchronizing the heart’s contractions through electrical impulse delivery. As an example, Minnesota Department of Health data from September 2024 reveals that about 30% of Minnesota’s adult population reportedly suffered from high blood pressure in 2023, equating to about 1.4 million individuals. Furthermore, hypertensive diseases were a contributing or primary cause of death for 14,225 residents, accounting for about 28% of all deaths in the state in 2022. The growing prevalence of cardiovascular diseases, therefore, is a key driver for the cardiac resynchronization therapy market’s growth. Rising expenditure on healthcare also contributes to the growth of the cardiac resynchronization therapy market. Healthcare expenditure encompasses the total sum spent on health-related goods and services within a certain time period, usually measured at a national or institutional level. Higher investment in healthcare could bolster research and development in cardiac resynchronization therapy, paving the way for technological advancements, expanded access to treatment, and a more holistic approach to individual health and healthcare systems. For instance, the UK’s Office for National Statistics reported in May 2023 that healthcare spending in the UK had seen a nominal increase of 9.4% and an actual increase of 9.7%. The total healthcare costs in the UK in 2021 amounted to $367.25 billion (£280.7 billion), with pharmaceutical expenses reaching $51.84 billion (£39.6 billion), as well as a considerable increase in spending on preventative care to a sum of $45.93 billion (£35.1 billion). Furthermore, Cross River Therapy’s statistics from September 2024 highlighted that the U.S. pharmaceutical sector earned $550 billion in revenue, with medicine expenses totaling $576.9 billion in 2021 and the projected spending set to rise to $605-$635 billion by 2025. Consequently, an upward trend in healthcare spending is another key driver of the cardiac resynchronization therapy market’s growth.
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#How Will the CAGR of the Cardiac Resynchronization Therapy Market Influence Its Overall Growth by 2034?
In the past few years, the market size for cardiac resynchronization therapy has seen robust growth. Its growth is projected from $6.29 billion in 2024 to $6.74 billion in 2025 with a compound annual growth rate (CAGR) of 7.2%. The growth during the historical period is due to an increase in the elderly population, a rise in heart failure incidences, increased investments in R&D for CRT device advancements, higher awareness of the therapy’s advantages, training programs for physicians, and competitive market dynamics.
The market for cardiac resynchronization therapy is predicted to experience significant expansion in the coming years, reaching a value of $8.77 billion by 2029 with a compound annual growth rate of 6.8%. This projected growth during the forecast period is due to factors such as a rise in heart failure and cardiac disorders, an aging population, a surge in cardiovascular diseases, the requisite for CRT treatment, advancements in pacemaker and defibrillator techniques, and heightened awareness of CRT therapy. Key trends anticipated during the forecast period are the preference for CRT-D devices over conventional pacemakers, the use of cutting-edge technology, the proliferation of CRT treatment, the incorporation of artificial intelligence and effective application of machine learning.
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What Are the Key Market Innovations in theCardiac Resynchronization Therapy Market Over the Coming Years?
Leading corporations in the cardiac resynchronization therapy market are centered on innovation and development of implantable devices to elevate the treatment results for heart failure patients. Used in cardiac resynchronization therapy (CRT), these implantable tools work to harmonize contractions in the heart’s ventricular areas, enhancing pumping performance and handling the symptoms of heart failure. To illustrate, MicroPort Scientific Corporation, a medical device firm based in China, introduced the GALI SonR cardiac resynchronization therapy and defibrillation device (CRT-D) and the Navigo 4LV left ventricular pacing leads in Japan, in February 2024. It is the inaugural and sole CRT hemodynamic sensor built to automatically offer optimization to patients on a weekly basis, more importantly when the patient is involved in activity, making optimization more reflective of their daily life. The clinically proven SonR algorithm has demonstrated a 35% decrease in the risk of heart failure hospitalization, contributing positively to the health and safety of the CRT-D patient.
Who Are the Top Companies Driving Innovation and Growth in theCardiac Resynchronization Therapy Market?
Major companies operating in the cardiac resynchronization therapy market are Abbott Laboratories, Medtronic plc, Boston Scientific Corporation, Terumo Corporation, Biotronik SE & Co. KG, Lepu Medical Technology (Beijing) Co. Ltd., Integer Holdings Corporation, Merit Medical Systems Inc., LivaNova PLC, MicroPort Scientific Corporation, Sorin Group, Berlin Heart GmbH, EBR Systems Inc., Corvia Medical Inc., Recor Medical, Jarvik Heart Inc., Cardiac Dimensions Inc., Farapulse Inc., Osypka Medical GmbH, Japan Medical Device Corporation, Imricor Medical Systems Inc., Vascular Dynamics Inc., Svelte Medical Systems, Aleva Neurotherapeutics, BioSig Technologies Inc.
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Which Key Market Segments Comprise the Cardiac Resynchronization Therapy Market and Drive Its Revenue Growth?
The cardiac resynchronization therapy market covered in this report is segmented –
1) By Type: Cardiac Resynchronization Therapy (CRT)-Defibrillator, Cardiac Resynchronization Therapy (CRT)-Pacemaker
2) By Age: Below 44 Years, 45-64 Years, 65-84 Years, Above 85 Years
3) By End-Use: Hospitals, Cardiac Care Centers, Ambulatory Surgical Centers
Subsegments:
1) By Cardiac Resynchronization Therapy (CRT)-Defibrillator: Single-Chamber CRT-D, Dual-Chamber CRT-D, Triple-Chamber CRT-D, Bi-Ventricular CRT-D
2) By Cardiac Resynchronization Therapy (CRT)-Pacemaker: Single-Chamber CRT-P, Dual-Chamber CRT-P, Triple-Chamber CRT-P, Bi-Ventricular CRT-P
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Which Regions Are Emerging as Leaders in the Cardiac Resynchronization Therapy Market?
North America was the largest region in the cardiac resynchronization therapy market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiac resynchronization therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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