Implantable Loop Recorders Market Growth & Trends
The global implantable loop recorders market size is expected to reach USD 2.1 billion by 2027, expanding at a CAGR of 9.6%, according to a new report by Grand View Research, Inc. Growing incidence of cardiac arrhythmia, asymptomatic syncope and technological advancement in cardiac devices are driving the market.
More than 85.7 million people in U.S. suffer from high BP and hypertension due to stressful lifestyle in 2018. These factors are expected to increase the burden of CVDs in the country over the forecast period. Moreover, one in every three U.S. adults does not meet the current guidelines for physical activity. In addition, in 2016, about 18.0% of U.S. adults had high-density lipoprotein cholesterol levels of less than 40 mg/dl. The aforementioned factors require self-care management which is boosting the demand for implantable loop recorders.
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Implantable Loop Recorders Market Report
Implantable Loop Recorders Market Report Highlights
- In terms of revenue, atrial fibrillation dominated the application segment in 2019. The growth can be attributed to increasing incidence of the disease and growing demand for remote patient monitoring
- On basis of end-use, hospitals held the largest revenue share in 2019 owing to increased number of minimally invasive surgeries under these facilities
- The market is oligopolistic and dominated by Medtronic, Abbott, and BIOTRONIK, Inc.
Implantable Loop Recorders Market Segmentation
Grand View Research has segmented the global implantable loop recorders market on the basis of product, end use, and region:
Implantable Loop Recorders Application Outlook (Revenue, USD Million, 2016–2027)
- Atrial fibrillation
- Cardiac arrhythmia
- Cardiac syncope
Implantable Loop Recorders End-use Outlook (Revenue, USD Million, 2016–2027)
- Hospitals
- Cardiac centers
- Others
Implantable Loop Recorders Regional Outlook (Revenue, USD Million, 2016–2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
List of Key Players of Implantable Loop Recorders Market
- Medtronic
- Abbott
- BIOTRONIK. Inc
