Australia Leadless Pacemakers Market Size & Outlook
Australia leadless pacemakers market, 2018-2030 (US$M)
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Australia leadless pacemakers market highlights
- The Australia leadless pacemakers market generated a revenue of USD 6.3 million in 2023 and is expected to reach USD 18.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 17% from 2024 to 2030.
- In terms of segment, single chamber was the largest revenue generating pacing chamber in 2023.
- Dual Chamber is the most lucrative pacing chamber segment registering the fastest growth during the forecast period.
Leadless pacemakers market data book summary
| Market revenue in 2023 | USD 6.3 million |
| Market revenue in 2030 | USD 18.8 million |
| Growth rate | 17% (CAGR from 2023 to 2030) |
| Largest segment | Single chamber |
| Fastest growing segment | Dual Chamber |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Chamber, Dual Chamber |
| Key market players worldwide | Abbott Laboratories, Medtronic PLC |
Other key industry trends
- In terms of revenue, Australia accounted for 1.0% of the global leadless pacemakers market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China leadless pacemakers market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 62.2 million by 2030.
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Leadless Pacemakers Market Scope
Leadless Pacemakers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia leadless pacemakers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to leadless pacemakers market will help companies and investors design strategic landscapes.
Single chamber was the largest segment with a revenue share of 66.67% in 2024. Horizon Databook has segmented the Australia leadless pacemakers market based on single chamber, dual chamber covering the revenue growth of each sub-segment from 2018 to 2030.
Leadless pacemakers market in Australia is expected to show lucrative growth. The regulatory process for medical devices, including leadless pacemakers, is overseen by the Therapeutic Goods Administration (TGA).
TGA is responsible for evaluating and approving medical devices based on their safety, quality, and effectiveness. The regulatory approval process for leadless pacemakers in Australia involves rigorous assessments of clinical data, manufacturing processes, and quality control measures.
Recent instances in the market include the successful implantation of leadless pacemakers in several hospitals, showcasing the growing adoption of these devices in Australia's healthcare system.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia leadless pacemakers market , including forecasts for subscribers. This country databook contains high-level insights into Australia leadless pacemakers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia leadless pacemakers market size, by pacing chamber, 2018-2030 (US$M)
Australia Leadless Pacemakers Market Outlook Share, 2024 & 2030 (US$M)
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