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Implantable Defibrillators Market Share And Growth Analysis Report 2024-2033
Implantable Defibrillators Market Share
As per the report, 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 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%.
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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.
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 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
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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
Contents of the report:
1. Executive Summary
2. Implantable Defibrillators Market Report Structure
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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