Implantable Loop Recorders Market To Reach $2.7 Billion By 2030

Implantable Loop Recorders Market Growth & Trends

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.

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Implantable Loop Recorders Market Report Highlights

• 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.

Implantable Loop Recorders Market Segmentation

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)

• Atrial Fibrillation

• Cardiac Arrhythmia

• Cardiac Syncope

Implantable Loop Recorders End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Cardiac Centers

• Others

Implantable Loop Recorders Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Sweden

  • Norway

  • Denmark

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • Thailand

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • South Africa

  • UAE

  • Kuwait

List of Key Players in the Implantable Loop Recorders Market

• Medtronic

• Abbott

• BIOTRONIK. Inc