Cardiac Resynchronization Therapy (CRT) Market, By Product (Cardiac Resynchronization Therapy Pacemakers [CRT-P], Cardiac Resynchronization Therapy Defibrillators [CRT-D]), By Region (North America, Europe, APAC, LATAM, MEA), And Segment Forecasts, 2014 - 2025

Published: Jan, 2017 | Pages: 80 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The global cardiac resynchronization therapy (CRT) market is expected to reach USD 8.8 billion by 2025, according to a new report by Grand View Research, Inc. 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.

 Table of Contents

Chapter 1 Research Methodology
                    1.1 Information Procurement
                    1.2 Data Analysis
                    1.3 Country wise market calculation
Chapter 2 Executive Summary
                    2.1 Market Snapshot
Chapter 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
Chapter 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)
Chapter 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
Chapter 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)