Global Implantable Cardioverter Defibrillators Market Insights, Key Players and Top Factors Driving the Market 2022 - 2030

A New Report by Absolute Markets Insights offers extensive Global Implantable Cardioverter Defibrillators Market assessments considering the importance, projections and offers comprehensive, strategic life choice data identification and effectively provide a high degree of industrial clarity. The study offers key drivers that drive the growth in the Implantable Cardioverter Defibrillators Market. Insights in this report help market players in planning strategies to gain market presence. The research also outlines restraints of the market along with opportunities mentioned to assist market players in taking further steps by determining potential in untapped regions.

In terms of revenue, implantable cardioverter defibrillators market was valued at US$ 7048.44 Mn in 2020 growing at a CAGR of 3.9% over the forecast period (2022 - 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

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According to the World Health Organization (WHO) cardiovascular disease (CVD) is the main cause of death worldwide and one of the world's most serious health problems. CVD is a term that refers to a group of disorders that affect the heart or blood vessels. Cardio Stroke, heart failure, hypertension, rheumatic heart disease, peripheral arterial disease, and a variety of other vascular and cardiac issues are all included in this disorder. Major players in the healthcare industry are investing towards the development of advanced technologies and devices for cardiovascular and heart related diseases. Implantable cardioverter defibrillators have gained huge popularity as it is highly effective at terminating life-threatening ventricular arrhythmias and other cardiovascular diseases, thereby contributing towards the growth of implantable cardioverter defibrillators market.

Due to increased incidence of cardiovascular disease and improving healthcare infrastructure globally, emerging markets showcase enormous growth prospects for defibrillator manufacturers. Annual cardiovascular events in China are expected to rise by more than 50% during the period of 2010 to 2030, according to a report published by the American Heart Association. Manufacturers in the implantable cardioverter defibrillators market are keenly integrating advanced technologies such as real time monitoring into the devices, with an aim to enhance the efficiency of the device and serve a larger purpose for healthcare professionals and users at large. For instance in December 2021, a 67 year old female patient with a weak heart got the first Bluetooth enabled pacemaker, called cardiac resynchronization therapy defibrillator (CRT-D), implanted in India. The device will enable procurement of real-time updates about her heart condition on the mobile phone with a personalized application.

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The covid-19 pandemic has had a severe effect on the cardiovascular system. Nearly a quarter of COVID-19 patients were diagnosed with cardiovascular problems, which account for nearly 40% of disease-related mortality. Patients admitted to hospitals with COVID-19 had more cardiac arrhythmias and even cardiac arrests. According to research done by scientists from Medtronic using their remote monitoring database (Carelink), it was studied that patients implanted with cardioverter defibrillators had experienced an increase in ICD shocks during the outbreak. However, promising technological advancements in defibrillators, is anticipated to fuel the growth of implantable cardioverter defibrillators market during the 2021-2029 period. Moreover, the increased promise of innovation in the cardiovascular diseases therapy arena promise new opportunities for growth of the market participants in the implantable cardioverter defibrillators market in the near future.

Some of the Key Players Operating in the Global Implantable Cardioverter Defibrillators Market include:
Abbott
BIOTRONIK SE & CO., KG
Boston Scientific Corporation
LivaNova PLC
Medtronic plc
MicroPort Scientific Corporation.
Physio-Control, Inc.,
Other Industry Participants

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Global Implantable Cardioverter Defibrillators Market Segmentation:

By Product Type
Single Chamber
Dual Chamber

By Type
Subcutaneous Implantable Cardioverter Defibrillators (S-ICDS)
Transvenous Implantable Cardioverter-Defibrillator (T-ICDs)
Cardiac Resynchronization Therapy Defibrillator (CRT-D)

By End Users
Hospitals and Clinics
Cardiac Care Centers
Ambulatory Surgical Centers
Others

By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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