Global Implantable Loop Recorders Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Implantable Loop Recorders Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global implantable loop recorders market has been segmented on the basis of application, end-use, as well as regions and countries.
An implantable loop recorder is a type of heart monitoring device that records a patient’s heart rhythm continuously for up to 3 years. It records the electrical signals of a patient’s heart and allows for remote monitoring, by way of a small device that is inserted or implanted just beneath the skin of the chest.
The increasing demand for the monitoring of patients remotely, numerous technological innovations in cardiac monitors, as well as the rising prevalence of cardiovascular diseases across the globe are some of the reasons that are expected to fuel the revenue growth of the global implantable loop recorders market over the next 10 years. Furthermore, the increase in physical inactivity among numerous individuals as a result of adopting a sedentary lifestyle is expected to increase the risk of developing cardiovascular disorders and general mortality rates, thereby, contributing to the future market growth of this industry.
In light of the recent COVID-19 outbreak, the medical device industry, among others, have been put under immense pressure. These self-monitoring devices will allow for patients to remain within the confines of their respective homes, and for their conditions to be monitored remotely, thereby, ensuring the safety of patients and healthcare workers alike. This factor is expected to have a significant impact on the revenue growth of this global market in the foreseeable future.
Moreover, a booming global geriatric population, increasing investments by industry players to develop improved products, as well as favorable governments initiatives are additional factors that are expected to influence this market in the coming years.
Segmentation of the global implantable loop recorders market is as follows:
In terms of application, the Atrial Fibrillation (AF) segment accounted for the majority revenue share of the global implantable loop recorders market in 2019. The cardiac arrhythmia segment is anticipated to register a considerable rate of revenue growth in the foreseeable future, owing to the increase in the number of individuals suffering from cardiovascular disorders such as arrhythmia.
On the basis of end-use, the hospitals segment accounted for the majority revenue share of this global market, owing to the steady increase in the number of minimally invasive procedures being undertaken in these facilities. However, the cardiac centers segment is anticipated to register the fastest rate of revenue growth in the coming years. This can be attributed to the increase in the number of surgeons and cardiac centers available at these facilities, as well as the surging demand for remote monitoring and data preservation.
Regional Segmentation and Analysis:
North America accounted for the majority revenue share of the global implantable loop recorders market in 2019, due to the presence of major industry players and advanced healthcare infrastructures in this region, higher disposable incomes, as well as the increasing awareness concerning the benefits of cardiac monitoring devices.
The markets in the Asia Pacific region as also anticipated to register considerable revenue growth over the next 10 years, owing to increasing investments made by key market players to develop advanced products, as well as the rising prevalence of cardiovascular disorders in this region.
Segmentation of the Global Implantable Loop Recorders Market:
Segmentation by Application:
- Atrial fibrillation
- Cardiac arrhythmia
- Cardiac syncope
Segmentation by End-Use:
- Cardiac centers
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BIOTRONIK. Inc.
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