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Global Implantable Defibrillators Market 2023 Industry Growth, Business Strategy, Share Analysis And Forecast To 2032 | Major Players Are Boston Scientific Corporation, LivaNova Plc, Biotronik Se & Co.KG, MicroPort Scientific Corporation, Mayo Clinic.
Implantable Defibrillators Market
The Business Research Company's Implantable Defibrillators Global Market Report 2023 identifies increase in the prevalence of sudden cardiac arrest as the major driver for the Implantable Defibrillators Market's growth in the forecast period. Sudden cardiac arrest (SCA) refers to a condition where the heart stops beating unexpectedly. Implantable defibrillators can provide lifesaving therapy by detecting and correcting abnormal heart rhythms that can lead to SCA.
The global implanted defibrillator market size is expected to grow from $5.26 billion in 2022 to $5.46 billion in 2023 at a compound annual growth rate (CAGR) of 5.85%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global implanted defibrillator market size is expected to reach $6.45 billion in 2027 at a CAGR of 4.24%.
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Major competitors in the implantable defibrillators market are Boston Scientific Corporation, LivaNova Plc, Biotronik Se & Co.KG, MicroPort Scientific Corporation, Mayo Clinic, Medtronic, St. Jude Medical Inc., Abbott Laboratories, Sorin Medical Group, Nihon Kohden Corporation, Koninklijke Philips N.V., Fukuda Denshi, Stryker, LivaNova PLC, and Progetti Srl.
A key trend in the Implantable Defibrillators Market includes technological advancement. Major companies operating in the implantable defibrillators market are focusing on developing new technologies to sustain in the market. For instance, in July 2020, Abbott, a US-based healthcare company specializing in cardiovascular devices, launched Gallant ICD and CRT with Bluetooth connectivity and continuous remote monitoring. These devices are unique for their long battery life, MRI compatibility, Bluetooth technology, and new patient smartphone app for enhanced remote monitoring. This means patients with these devices can receive updates about their heart health remotely, and healthcare providers can monitor their condition in real-time. The Gallant devices are designed to provide personalized therapy and are equipped with advanced algorithms that can help detect abnormal heart rhythms and deliver appropriate therapy. Bluetooth connectivity allows patients to connect their devices to their smartphone, which can then transmit data to their healthcare provider for analysis.
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The Implantable Defibrillators Market is segmented -
By Product Type: Single Chambered Implantable Defibrillators, Dual Chambered Implantable Defibrillators, Biventricular Implantable Defibrillators
By Procedure Type: Trans-Venous Implantable Defibrillators, Subcutaneous Implantable Defibrillators
By End User: Hospitals And Clinics, Ambulatory Surgery Centers, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Implantable Defibrillators Market.
The Business Research Company's "Global Implantable Defibrillators Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Implantable Defibrillators Market Include:
1. Executive Summary
2. Implantable Defibrillators Market Characteristics
3. Implantable Defibrillators Market Trends And Strategies
4. Implantable Defibrillators Market - Macro Economic Scenario
5. Implantable Defibrillators Market Size And Growth
……
26. Africa Implantable Defibrillators Market
27. Implantable Defibrillators Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Implantable Defibrillators Market
29. Implantable Defibrillators Market Future Outlook and Potential Analysis
30. Appendix
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