The global implantable loop recorders market size is expected to reach USD 2.7 billion by 2030, registering a CAGR of 10.1% from 2023 to 2030, 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.
Request a free sample copy or view report summary: Implantable Loop Recorders Market Report
In terms of revenue, atrial fibrillation segment dominated with the largest revenue share of 39.0% in 2022. The growth can be attributed to increasing incidence of the disease and growing demand for remote patient monitoring
On basis of end-use, the hospital segment dominated with the largest revenue share of around 60.7% in 2022 owing to increased number of minimally invasive surgeries under these facilities
The market is oligopolistic and dominated by Medtronic, Abbott, and BIOTRONIK, Inc.
Grand View Research has segmented the global implantable loop recorders market on the basis of application, end-use, and region:
Implantable Loop Recorders Application Outlook (Revenue, USD Million, 2018 - 2030)
Implantable Loop Recorders End-use Outlook (Revenue, USD Million, 2018 - 2030)
Implantable Loop Recorders Regional Outlook (Revenue, USD Million, 2018 - 2030)
Middle East and Africa
List of Key Players in the Implantable Loop Recorders Market
GET A FREE SAMPLE
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
"The quality of research they have done for us has been excellent..."