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Implantable Loop Recorders Market Trends, Market Research And Forecast Report To 2033

05-28-2024 07:23 AM CET | Health & Medicine

Press release from: The Business research company

Implantable Loop Recorders Market

Implantable Loop Recorders Market

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Implantable Loop Recorders Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $3 billion In 2028 At A CAGR Of 14.7% :

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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Implantable Loop Recorders Market Major Segments
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

Key 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.

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Prominent Trend - Innovative Products Drive Growth In The Implantable Loop Recorder Market

Product innovation is a key trend gaining popularity in the implantable loop recorder market. Major companies operating in the implantable loop recorder market are developing innovative products with advanced features to strengthen their position in the market. For instance, in September 2023, BIOTRONIK SE & Co. KG, Germany-based medical device company, launched the BIOMONITOR IV implantable cardiac monitor (ICM), which combines the company's SmartECG technology with artificial intelligence (AI) to revolutionize cardiac arrhythmia monitoring. The BIOMONITOR IV aims to deliver unparalleled efficiency in detecting and diagnosing cardiac irregularities.

Implantable Loop Recorders Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the implantable loop recorder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the implantable loop recorders market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Implantable Loop Recorders Market Report Structure
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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