Implantable Loop Recorders Market

1
Global Implantable Loop Recorders Market 2019
2025

• Published by Accurize Market Research Pvt. Ltd.

2
Implantable Loop Recorders Market is Estimated to
Reach 813.5 Million By 2025

• Global Implantable Loop Recorders Market Report,
  published by Accurize Market Research, forecast
  that the global market is expected to reach
  813.5 Million by 2025, growing at a CAGR of 8.4
  from 2019 to 2025.
• In terms of volume, the market was valued 181.4
  Million Units in 2018, and is expected to reach
  320.4 Million Units by 2025, growing at a CAGR of
  8.7 from 2019 to 2025. 
• North America dominated the global implantable
  loop recorders market with around half of the
  global market share in 2018, and anticipated to
  hold the major market share till 2025.
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3
Market Introduction and Market Dynamics

• An implantable loop recorder is a small size
  device which can be implanted below the patients
  skin, just near the chest, to record the heart
  activity. These devices are majorly used to
  detect irregular heart rates.
• It is often used to help find a cause for
  recurrent unexplained syncope when there is a
  strong suspicion of a heart rhythm cause but all
  other simple tests have been normal.

4
Market Introduction and Market Dynamics

• The device continuously monitors cardiac activity
  and stores the information in its memory. Rise in
  prevalence of cardiovascular diseases, improved
  reimbursement policies for the treatment of
  bradycardia and cardiac arrhythmia, and rise in
  the geriatric population are the major factors
  boosting the growth of implant loop recorders
  market.
• In the coming years, emerging applications across
  novel fields of clinical research of medical
  devices are expected to open new avenues in the
  ILR market. Moreover, the increase in awareness
  about devices and treatment options for cardiac
  disorders will create lucrative opportunities for
  the key players in this market. Additionally,
  untapped market in emerging economies would
  provide several growth opportunities in
  forecasted years.

5
Market Segmentation and Crisp Analysis

• The global implantable loop recorders market has
  been classified on the basis of indication,
  end-users, distribution channel, and
  compatibility. By indication, the market is
  segmented into Atrial Fibrillation, Cryptogenic,
  and Syncope stroke.
• By end-users the market is bifurcated into
  clinics and hospitals. By compatibility, the
  market is segmented into Smartphone compatible
  and Smartphone incompatible. By distribution, the
  segments considered in the report are direct
  sales and distribution.
• In terms of revenue, cryptogenic segment
  generated the maximum revenue in 2018, in the
  indication type segment, and expected to reach
  the revenue share of 76.1 by 2020.

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Market Segmentation and Crisp Analysis

• The market growth for this segment is attributed
  to the growing incidence of cardiac arrhythmias
  and high mortality rate for cardiac diseases
  including atrial fibrillation.
• The atrial fibrillation indication segment
  accounted for the second highest market revenue
  in 2018, and expected to grow at the fastest CAGR
  of 9.0 during the forecast period.
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7
Regional Segmentation and Crisp Analysis

• By region, the market is segmented into North
  America, Europe, Asia-Pacific, and Rest of the
  World. North America covers the U.S., and Canada.
  Europe covers UK, Germany, France, Russia, and
  Rest of Europe.
• Asia-Pacific covers China, India, Japan, Korea,
  and Rest of Asia-Pacific. Rest of the World
  covers Middle East and Africa, including GCC
  countries. South America market size has been
  separately mentioned in the report.
• North America dominated the market in 2018 with
  a market share of 40.9, and projected to attain
  a CAGR growth of 7.8, from 2019 2025.

8
Regional Segmentation and Crisp Analysis

• The growth would be majorly driven by increasing
  adoption of these devices, as the market is
  highly driven by the technological innovation
  implemented in this sector.
• Moreover, increase in cardiac diseases and rise
  in prevalence of cardiovascular diseases in the
  U.S. and strategic presence of key manufacturers
  in the U.S. and Canada is projected to boost the
  demand for effective treatment solutions.
  Asia-Pacific is anticipated to attain the fastest
  CAGR of 9.7 during the forecast period 2019
  2025.

9
Manufacturers Competitive Analysis

• The top players operating in the market are
  frequently investing on research development
  and are planning to increase their presence in
  the untapped emerging economies.
• The few dominant players accounts for the
  majority of the market share. Major companies
  operating in the global Implantable Loop
  Recorders Market are Medtronic, Abbott, and
  Biotronic. These three manufacturers have
  accounted for the major market share of ILR
  devices globally.
• In the Asia-Pacific region, the key manufacturers
  have collaborated with government bodies to
  provide effective and innovative cardiac
  solutions.
• In addition, the government and private sector
  authorities have strived to provide favorable
  reimbursement schemes for treatment of cardiac
  disorders in developing and underdeveloped
  economies which would definitely support key
  players to expand their business in this region.

10
Scope of the Report

• The scope of the report covers in-depth analysis
  of the market in terms of both qualitative and
  quantitative analysis across the segments as well
  as cross-sectional analysis of the segments
  including the geographies and its countries.
• Key companies operating in this market and their
  company profile along with the market share
  analysis and competitive scenario is also the
  part of the report.
• Furthermore, different industries clients
  information has been provided in the report which
  is very important for the manufacturers.
  Manufacturers data, including revenue,
  shipment, revenue share, shipment share, and
  gross profit have been also included, which
  provide better understanding of the market
  competition.
• Also, the future market players such as Boston
  Scientific and GE healthcare have been covered in
  the report with their estimated revenue, volume,
  and volume share on the both global, and the U.S.
  level.

11
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