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Report Overview

The global ventricular tachycardia devices market was valued at USD 1.83 Billion in 2024, driven by rising incidence of ventricular arrhythmias across the globe. It is expected to grow at a CAGR of 6.40% during the forecast period of 2025-2034 and attain a market value of USD 3.40 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • The increasing incidence of ventricular arrhythmias among other congenital heart conditions is one of the main factors influencing the market value.
  • The strong backing from health regulators such as the FDA and ongoing research and development are expected to increase the market worth.
  • The growth in new drug approvals by regulatory agencies such as the United States FDA is a significant market trend.

Compound Annual Growth Rate

Value in USD Billion

6.4%

2025-2034


Ventricular Tachycardia Devices Market Outlook

*this image is indicative*

Ventricular Tachycardia Devices Market Overview

Ventricular tachycardia devices include cardioverter-defibrillators (ICDs) and pacemakers, which are used to monitor and regulate fast heart rhythms coming from the ventricles. They play a vital role in controlling irregular heartbeats and avoiding unexpected heart failure. The market growth is fueled by the advancement in the treatment, increased investment, and support for cutting-edge research.

Ventricular Tachycardia Devices Market Growth Drivers

Rising Incidence of Ventricular Arrhythmias in Congenital Heart Disease to Drive the Market Growth

The increasing occurrence of ventricular arrhythmias in congenital heart disease is fueling the global demand for ventricular tachycardia devices, particularly in the pediatric population. The increasing prevalence of ventricular arrhythmias in patients with coronary heart disease showcases a greater need for medical devices such as pacemakers and defibrillators, leading to market expansion.

Advent of New Treatments to Boost the Ventricular Tachycardia Devices Market Demand

With the rising demand for treatments, the market for ventricular tachycardia devices is expanding. Technological and treatment advancement such as using exosomes from stem cells to improve treatments for venous thrombosis through cell-based therapy aims to overcome issues related to side effects and invasive procedures.

Ventricular Tachycardia Devices Market Trends

Ventricular Tachycardia Devices Market Segmentation

The market report offers a detailed analysis of the market based on the following segments:

Market Breakup by Product:

  • Implantable Cardioverter Defibrillators (ICDs)
  • Cardiac Resynchronization Therapy Defibrillators (CRT-D)
  • Directed Energy-Based Therapy Devices

Market Breakup by End User:

  • Hospitals
  • Ambulatory Surgical Centers

Market Breakup by Region:

  • North America 
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Ventricular Tachycardia Devices Market Share

Market Segmentation Based on the Product to Witness Growth

Based on the product, the market is segmented into implantable cardioverter defibrillators (ICDs), cardiac resynchronization therapy defibrillators (CRT-D), and directed energy-based therapy devices. Implantable cardioverter defibrillators are expected to lead the market as they can both act as pacemakers and prevent sudden death in patients with ventricular arrhythmias.

Ventricular Tachycardia Devices Market Analysis by Region

Based on region, the market report covers North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The region that is most likely to dominate the market is North America, with Europe closely behind. Ventricular tachycardia and fibrillation are leading factors in sudden cardiac death, accounting for approximately 300,000 deaths in the United States each year. The rising incidence of the condition in the region is contributing to market growth.

Leading Players in the Ventricular Tachycardia Devices Market

The key features of the market report include patent analysis, grant analysis, funding, and investment analysis as well as strategic initiatives by the leading players. The major companies in the market are as follows:

Medtronic plc

Medtronic plc, a medical technology company based in America and Ireland received the FDA approval to conduct a trial on its Affera mapping and ablation system and Sphere-9 catheter for managing sustained ventricular tachycardia. This marks a significant advancement in cardiac electrophysiology ablation procedures and reflects the company’s stronghold on the market.

Siemens Healthineers AG

Siemens Healthineers is a healthcare company based in Germany, focused on creating, developing, manufacturing, and delivering diagnostic imaging and clinical systems. Varian, a Siemens Healthineers subsidiary, started the RADIATE-VT1 clinical trial at the Washington University School of Medicine to assess cardiac radioablation for high-risk ventricular tachycardia patients.

Abbott Laboratories

Abbott Laboratories specializes in healthcare products, including pharmaceuticals, diagnostic systems, and nutrition. In January 2024, Abbott announced its entry into the global ventricular tachycardia devices market with its pulsed field ablation device, Volt, currently in clinical development. Targeting atrial fibrillation treatment, Volt aims to launch in the U.S. by 2026.

Biotronik SE & Co. KG

Biotronik, a Berlin-based multinational cardiovascular biomedical company, specializes in technology for cardiac rhythm management, electrophysiology, and vascular intervention. Notable for its implantable cardioverter-defibrillator devices like Inventra 7 VR-T DX and Acticor DX, the company plays a crucial role in the ventricular tachycardia device market, delivering electroshocks to treat tachycardia.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players in the market are Asahi Kasei Corporation, Elekta AB, Boston Scientific Corporation, EBR Systems, Inc., Johnson & Johnson, LivaNova plc, Thermedical, Inc., and Schiller AG.

Key Questions Answered in the Ventricular Tachycardia Devices Market Report

  • What was the ventricular tachycardia devices market value in 2024?
  • What is the ventricular tachycardia devices market forecast outlook for 2025-2034?
  • What are the regional markets covered in the EMR report?
  • What is the market segmentation based on the product?
  • What is the market breakup based on end user?
  • What are the major factors aiding the ventricular tachycardia devices market demand?
  • How has the market performed so far and how is it anticipated to perform in the coming years?
  • What are the major drivers, opportunities, and restraints in the market?
  • What are the major trends influencing the market?
  • Which regional market is expected to dominate the market share in the forecast period?
  • Which country is likely to experience elevated growth during the forecast period?
  • Who are the key players involved in the ventricular tachycardia devices market?
  • What are the current unmet needs and challenges in the market?
  • How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • End User
  • Region
Breakup by Product
  • Product
  • Service
Breakup by End User
  • Polydimethylsiloxane (PDMS)
  • Polymer
  • Glass
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • PESTEL Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Company News and Developments
    • Certifications
Companies Covered
  • Abbott Laboratories
  • Asahi Kasei Corporation
  • Elekta AB
  • Boston Scientific Corporation
  • Biotronik SE & Co. KG
  • Medtronic plc
  • EBR Systems, Inc.
  • Siemens Healthineers AG
  • Johnson & Johnson
  • LivaNova plc
  • Thermedical, Inc.
  • Schiller AG

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