Press release
Implantable Defibrillators Market Set to Surge! Explore Market Size, Trends, and Strategic Initiatives Paving the Way for Cardiovascular Advances Seize the Rhythm of Opportunities
Implantable Defibrillators Global Market Report 2024
The Business Research Company offers in-depth market insights through Implantable Defibrillators 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 defibrillators market size has grown steadily in recent years. It will grow from $5.46 billion in 2023 to $5.69 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to increased prevalence of cardiac disorders, clinical evidence and research, rise in aging population, increased awareness and education, collaborations and partnerships.
The implantable defibrillators market size is expected to see steady growth in the next few years. It will grow to $6.82 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to remote monitoring and telemedicine integration, expansion of indications, focus on heart failure management, personalized medicine approaches, global expansion of healthcare infrastructure. Major trends in the forecast period include miniaturization and design innovations, remote monitoring and connectivity, personalized therapy approaches, leadless implantable defibrillators, battery technology advancements.
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Market Segmentation:
The implantable defibrillators market covered in this report is segmented -
1) By Product Type: Single Chambered Implantable Defibrillators, Dual Chambered Implantable Defibrillators, Biventricular Implantable Defibrillators
2) By Procedure Type: Trans-Venous Implantable Defibrillators, Subcutaneous Implantable Defibrillators
3) By End User: Hospitals And Clinics, Ambulatory Surgery Centers, Other End Users
Major Driver - Rising Prevalence Of Sudden Cardiac Arrest Fuels Growth In Implantable Defibrillators Market
The increase in the prevalence of sudden cardiac arrest is expected to boost the growth of the implantable defibrillators market. 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. For instance, according to a report published by the Journal of the American College of Cardiology, a US-based medical journal, SCD causes 185,000 to 450,000 deaths annually in the US population or 7% to 18% of all fatalities. Therefore, the increase in the prevalence of sudden cardiac arrest is driving the growth of the implantable defibrillators market.
Competitive Landscape:
Major companies operating in the implantable defibrillators market report are Boston Scientific Corporation, LivaNova PLC, Biotronik SE & Co KG, MicroPort Scientific Corporation, Mayo Clinic, Medtronic plc, St. Jude Medical Inc., Abbott Laboratories, Sorin Group Italia S.r.l., Nihon Kohden Corporation, Koninklijke Philips N.V., Fukuda Denshi Co Ltd., Stryker Corporation, Progetti S.r.l., Imricor Medical Systems Inc., MRI Interventions Inc., ZOLL Medical Corporation, Physio-Control International Inc., Cardiac Science Corporation, Defibtech LLC, HeartSine Technologies LLC, Welch Allyn Inc., Schiller AG, CU Medical Systems Inc., Mindray Medical International Limited, Shenzhen Mindray Bio-Medical Electronics Co Ltd., Beijing M&B Electronic Instruments Co Ltd., Bexen Cardio SL, Pacemaker Technologies, Reva Medical Inc., Cardiac Insight Technologies, EBR Systems Inc., BioSensis Pty Ltd
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Top Trend - Product Innovations In Implantable Defibrillators Market
Product innovations is the key trend gaining popularity in the implantable defibrillators market. Major companies operating in the implantable defibrillators market are focusing on developing new products to sustain in the market. For instance, in December 2023, Medtronic, an Ireland-based medical device company, launched its new type of implantable cardioverter-defibrillator. The Aurora extravascular ICD is a device that is inserted under the skin under the left armpit rather than under the collarbone. It is similar in size, shape, and battery life to the company's traditional transvenous ICDs, but it can provide defibrillation to patients undergoing cardiac arrest as well as ongoing pacemaker therapies. Its Epsila leads are then minimally invasively linked to the heart beneath the breastbone. The implant also has Medtronic's Smart Sense technology, which attempts to lower the risk of unwarranted shocks, and SureScan technology, which permits a patient to have an MRI while the device is placed.
The Table Of Content For The Market Report 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
…..
27. Implantable Defibrillators Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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