Implantable Loop Recorders Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Implantable Loop Recorders Market Report Overview
The implantable loop recorders market size was valued at $1.18 billion in 2023 and is forecast to grow at a CAGR of more than 5% during 2023 and 2033. An Implantable loop recorder (ILR) is a subcutaneous, single-lead, electrocardiographic (ECG) monitoring device used for diagnosis in patients with recurrent unexplained episodes of palpitations or syncope, along with long-term monitoring in patients at risk for or with atrial fibrillation, structural heart disease, bundle branch block, and recurrent neurally mediated syncope among others.
Implantable Loop Recorders Market Outlook, 2023-2033 ($ Billion)
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The implantable loop recorders market research report explains the market behavior, which will help identify quantitative market trends within the cardiovascular devices therapeutic area. The model discusses in detail the impact of COVID-19 on the implantable loop recorders market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.
Market Size (2023) | $1.18 billion |
CAGR (2023-2033) | >5% |
Forecast Period | 2023-2033 |
Historical Period | 2015-2022 |
Key Regions | · North America
· Europe · Asia Pacific · South Central America · Middle East and Africa |
Leading Companies | · Medtronic Plc
· Abbott Laboratories · Biotronik SE & Co KG · Boston Scientific Corp · Others |
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Implantable loop recorders Market Dynamics
A significant increase in the proportion of the aging population is responsible for driving the implantable loop recorders market. The ability of ILRs to provide prolonged monitoring accelerates the wide acceptance of the device in elderly patients with a heart condition. A rapid increase in the prevalence of cardiovascular diseases in all age groups and a rise in the geriatric population are key factors that will drive the implantable loop recorders market during the forecast period.
Implantable Loop Recorders Market Segmentation by Regions
The key regions in the implantable loop recorders market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. North America accounted for the highest share of the implantable loop recorders market in 2023. The market is mainly driven by a rise in the aging population that not only boosts the size of the current ILR market but also provides strong potential for growth.
Implantable Loop Recorders Market Analysis by Regions, 2023 (%)
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Implantable Loop Recorders Market - Competitive Landscape
A few of the leading companies in the implantable loop recorders market are Medtronic Plc, Abbott Laboratories, Biotronik SE & Co KG, and Boston Scientific Corp among others. Medtronic Plc held the highest share of the implantable loop recorders market in 2023.
Implantable Loop Recorders Market Analysis by Leading Companies, 2023 (%)
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Segments Covered in the Report
Implantable Loop Recorders Regional Outlook (Value, $ Million, 2015-2033)
- North America
- Europe
- Asia Pacific
- South Central America
- Middle East and Africa
Scope
This report provides:
- Currently marketed implantable loop recorders and evolving competitive landscape.
- Insightful review of the key industry trends.
- Annualized total implantable loop recorders market revenue by segment and market outlooks.
- Granular data on total procedures, units, average selling prices, and market values by segment.
- Global, regional, and country-level market-specific insights.
- Qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the implantable loop recorders market.
- Competitive dynamics insights and trends provided for the implantable loop recorders market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific MedTech regulatory landscape.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on the implantable loop recorders market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the Implantable loop recorders market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the implantable loop recorders market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
- Track device sales in the global and country-specific implantable loop recorders market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Frequently asked questions
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