Implantable Loop Recorders Market By Product and Service, By Application, By End User and Region: Global Industry Analysis, Share, Opportunity, Competition and Forecast 2021 to 2027 -Medtronic, Abbott, Angel Medical Systems

The Implantable Loop Recorders Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Implantable Loop Recorders Market Size is Projected to Reach at a CAGR of 10% during 2021-2027.

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Market Overview:

The growing prevalence of heart disorders is significantly augmenting the demand for implantable loop recorders for the treatment of cardiovascular disorders. As per the 2021 Heart Disease and Stroke Statistics by the American Heart Association (AHA), more than 523.2 million people were diagnosed with cardiovascular diseases (CVD) in 2019 and CVD was the leading cause of death worldwide, accounting for approximately 18.6 million deaths in 2019, reflecting a 17.1% increase over the past decade. This indicates the growing demand for implantable loop recorders. In addition, as per a 2020 article by the National Center for Biotechnology Information (NCBI), several patients suffering from COVID-19 disease are at risk of developing the cardiovascular disorder. Thus, the increase in COVID-19 cases is increasing the prevalence of heart disorders that is boosting the demand for implantable loop recorders.

Top Leading Companies:

Medtronic, Abbott, Angel Medical Systems

Recent Development:

In June 2020, Boston Scientific Corporation announced receiving the United States Food and Drug Administration (USFDA) approval for the LUX-Dx Insertable Cardiac Monitor (ICM) System, a new, long-term diagnostic device. The device will be implanted in patients to detect arrhythmias associated with conditions such as cryptogenic stroke, atrial fibrillation (AF), syncope.

In May 2019, Abbott announced launching the latest generation of the Confirm Rx insertable cardiac monitor and delivers accurate results for cardiac arrhythmia. 

Implantable Loop Recorders Market Segmentation by Type:

Smartphone Compatible
Smartphone Incompatible

Implantable Loop Recorders Market Segmentation by Application:

Hospitals
Cardiac Center & Clinics
Ambulatory Surgical Centers (ASCs)

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North America is Expected to Witness a Significant Growth Over the Forecast Period

Within North America, the United States has held the major share of the market and is expected to dominate over the forecast period. The increase in research and development in the country owing to the presence of technologically advanced infrastructure and the presence of major market players such as Abbott is contributing to the market growth. Additionally, increasing adoption of remote patient monitoring owing to greater awareness is leading to significant demand for implantable loop recorders in healthcare facilities. Moreover, increasing incidences of cardiac disorders in the country is further contributing to the rising demand for implantable loop recorders. For instance, as per the 2021 statistics by the American Heart Association (AHA), 2.7 to 6.1 million people in the United States have been diagnosed with atrial fibrillation (AF). Thus, in view of the above-mentioned factors, the implantable loop recorders market is anticipated to grow significantly over the forecast period in North America.

Regional Implantable Loop Recorders Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Implantable Loop Recorders Market Report:

Detailed overview of Implantable Loop Recorders Market
Changing the Implantable Loop Recorders market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Implantable Loop Recorders market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Implantable Loop Recorders Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Implantable Loop Recorders Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Implantable Loop Recorders industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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