As per the latest study on ‘Cardiac Resynchronization Therapy (CRT) Devices Market Size By Product, By Age, By End-use, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global cardiac resynchronization therapy (CRT) devices market is anticipated to record strong CAGR through 2026.
 

Rising pervasiveness of heart failures and cardiovascular conditions, in consort with booming geriatric population are the primary catalysts for growth of global cardiac resynchronization therapy (CRT) devices market. The equipment is placed inside the body and ensure right rhythm of heart beating. Benefits such as improved heart efficiency and better blood flow are boosting the product demand.
 

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On the downside, high cost of cardiac resynchronization therapy (CRT) devices and strict healthcare equipment standards will restrain the industry remuneration to some extent over 2020-2026.
 

Based on product spectrum, CRT-P segment amassed USD 380 million in 2019 and is slated to gain significant traction in the coming years, owing to easy and short implantation procedure which lasts only 2-4 hours. Generally, the patient is given anesthesia or short-term sedation before surgery. The device delivers small electric impulses to both right & left ventricles to pump blood effectively. Maintained heart rhythm, alongside improved quality of life is stimulating cardiac resynchronization therapy (CRT) devices industry outlook.
 

 Moving on to age group, CRT devices market share from below 44 years segment is anticipated to grow with a CAGR of 7.1% over the study duration, claims the report.
 

While as per end-use scope, hospitals generated revenues worth USD 950 million in 2019 and is expand further through 2026, on account of ever-increasing pool of patients seeking follow-up care from heart failure specialists, electro-physiologists, cardiologists, and general practitioners.
 

Considering the regional landscape, worldwide cardiac resynchronization therapy (CRT) devices market is bifurcated into Latin America, Middle East & Africa, Asia Pacific, North America, and Europe. As per the report, Latin America market was worth USD 60 million in 2019 and is poised to record modest growth over 2020-2026. Similarly, Middle East & Africa industry was remunerated at USD 45 million in 2019, which is projected to expand tremendously during the forthcoming years.
 

Major contenders influencing cardiac resynchronization therapy (CRT) devices market trends are LivaNova plc, Medico S.p.A., MicroPort Scientific Corporation, Boston Scientific Corp., Biotronik, Abbott Laboratories, and Medtronic plc among others.