Press release
Implantable Loop Recorders Market Size, Demand Status And Research Report 2024 To 2033
Implantable Loop Recorders Market
The Business Research Company offers in-depth market insights through Implantable Loop Recorders Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The implantable loop recorders market size has grown rapidly in recent years. It will grow from $1.52 billion in 2023 to $1.73 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to physical inactivity due to a sedentary lifestyle, favorable reimbursement policies, expanded applications and clinical utility, focus on patient compliance, enhanced diagnostic capabilities.
The implantable loop recorders market size is expected to see rapid growth in the next few years. It will grow to $3 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to increasing prevalence of atrial fibrillation, growing healthcare expenditure, rising geriatric population, rise in cardiovascular diseases, growing demand for remote patient monitoring. Major trends in the forecast period include technological advancements, expanded applications, remote monitoring and telemedicine, artificial intelligence (AI) integration.
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Market Segmentation:
The implantable loop recorders market covered in this report is segmented -
1) By Product: Manual, Automatic
2) By Application: Atrial fibrillation, Cardiac Arrhythmia, Cardiac Syncope
3) By End Users: Hospitals, Cardiac Centers and Clinics, Ambulatory Surgical Centers
Major Driver - Global Rise In Cardiac Disorders Propels Implantable Loop Recorder Market
The growing prevalence of cardiac disorders across the globe is expected to propel the implantable loop recorder market going forward. Cardiac disorders refer to a set of conditions affecting the heart and blood vessels. The rising prevalence of cardiac disorders is influencing the use of implantable loop recorders for recording patients' heart rhythms and treating them. For instance, in May 2023, according to the Centers for Disease Control and Prevention Highlights, a US-based intergovernmental organization, coronary heart disease was estimated to kill 375,476 people in 2021. Therefore, cardiac disorders across the globe drives the implantable loop recorder market.
Competitive Landscape:
Major companies operating in the implantable loop recorders market report are General Electric Company, EBR Systems Inc., Abbott Laboratories, Medtronic plc, Koninklijke Philips N.V., GE Healthcare, Boston Scientific Corporation, Edwards Lifesciences Corporation, Nihon Kohden Corporation, Angel Medical Systems Inc., MicroPort Scientific Corporatio, Cardiac Science Corporation, Endotronix Inc., Sorin Group, BioTelemetry Inc., Spectrum Dynamics Medical, TechIndia Infoway Pvt. Ltd., Biotricity Inc., Leman Micro Devices SA, Vectorious Medical Technologies Ltd., Neovasc Inc., SentiAR Inc., LivaNova plc, Biotronik SE & Co. KG, Asian Heart and Vascular Centre, CARDION s.r.o., Vitatron BV, Vivosonic Inc., NeuroPace Inc., MedicImplant AG, Osypka Medical GmbH
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Top Trend - Strategic Partnerships Drive Advancements In The Implantable Loop Recorder Market
Major companies operating in the implantable loop recorder market are adopting a strategic partnership approach to streamline the integration of remote personal monitoring data and implantable device data. A strategic partnership is a collaborative agreement or alliance between two or more entities, such as companies, organizations, or governments, with the aim of achieving mutually beneficial objectives. For instance, in September 2022, BIOTRONIK SE & Co. KG, a Germany-based medical device company, partnered with AliveCor Inc., a US-based medical technology company. With this partnership, these companies aim to innovate in cardiac digital health by leveraging AI technology to improve the delivery of connected care in cardiac diagnostics and remote patient monitoring. The collaboration enables the connection of wearable and implantable cardiac diagnostic device data from the earliest stages in the care continuum, facilitating seamless sharing of data and improving patient care and clinical outcomes.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Implantable Loop Recorders Market Characteristics
3. Implantable Loop Recorders Market Trends And Strategies
4. Implantable Loop Recorders Market - Macro Economic Scenario
5. Implantable Loop Recorders Market Size And Growth
…..
27. Implantable Loop Recorders Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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