Global Implantable Loop Recorders Market
시장 규모 (USD 10억)
연평균 성장률 : %
예측 기간 |
2022 –2029 |
시장 규모(기준 연도) |
USD 1.24 Billion |
시장 규모(예측 연도) |
USD 2.62 Billion |
연평균 성장률 |
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주요 시장 플레이어 |
Global Implantable Loop Recorders Market, By Product (Auto Recorders, Manual Recorders), Distribution Channel (Direct Sales, Distributor), Application (Atrial Fibrillation, Cardiac Arrhythmia, Cardiac Syncope), End User (Hospitals, Cardiac Centers, Others) – Industry Trends and Forecast to 2029.
Implantable Loop Recorders Market Analysis and Size
Syncope is a common and incapacitating symptom. The recording of physical parameters such as the ECG and blood pressure during a spontaneous event is the most useful data for diagnosing and managing syncope. Implantable loop recorders (ILR) enable recording ECG data from a spontaneous event. The Eastbourne Syncope Assessment Study (EaSyAS) aimed to look into the effect of ILRs on an unselected population of syncopal patients who presented to our hospital in an emergency. It is a USB-sized device. An implantable loop recorder monitors your heartbeat for a much longer period of time, increasing the likelihood that it will capture what your heart is doing if you faint again.
Data Bridge Market Research analyses that the implantable loop recorders market which was USD 1.24 billion in 2021, is expected to reach USD 2.62 billion by 2029, at a CAGR of 9.81% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Implantable Loop Recorders Market Scope and Segmentation
Report Metric |
Details |
Forecast Period |
2022 to 2029 |
Base Year |
2021 |
Historic Years |
2020 (Customizable to 2014 - 2019) |
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered |
Product (Auto Recorders, Manual Recorders), Distribution Channel (Direct Sales, Distributor), Application (Atrial Fibrillation, Cardiac Arrhythmia, Cardiac Syncope), End User (Hospitals, Cardiac Centers, Others) |
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
Market Players Covered |
Medtronic (Ireland), Abbott (U.S.), BIOTRONIK SE & Co. KG. (U.S.), Boston Scientific Corporation (U.S.), General Electric (U.S.), Vectorious (Israel), Angel Medical Systems, Inc. (U.S.), NIHON KOHDEN CORPORATION (Japan), Koninklijke Philips N.V (Netherlands), Midmark Corporation (U.S.), ZOLL Medical Corporation (U.S.), SunTech Medical, Inc (U.S.), Spacelabs Healthcare (U.S.), Edwards Life Sciences Corporation (U.S.) |
Market Opportunities |
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Market Definition
The implantable loop recorder (ILR) is a portable cardiac recording system that can save ECG data continuously in the event of brady arrhythmia or tachyarrhythmia. It is inserted beneath the skin in the shape of the pocket on the left side of the breastbone. ILR is frequently seen in people with syncope, repeated palpitations, skipped beats, light-headedness, or dizziness.
Global Implantable Loop Recorders Market Dynamics
Drivers
- Increasing prevalence of heart disease
The rising prevalence of heart disease is driving demand for implantable loop recorders for treating cardiovascular diseases. According to the British Heart Foundation England Factsheet, published in January 2022, approximately 6.4 million people in England will have cardiovascular disease in 2022. According to the American Heart Association, the prevalence rate of heart failure in Europe in June 2021 was between 1% and 2%. As a result, the rising prevalence of cardiac disorders in the population is expected to increase demand for implantable loop recorders to monitor patients' heart rhythms, fuelling market growth.
- Technological advancements
The recent technological advancements are contributing to market growth. RhythMedix, a remote cardiac monitoring company, recently introduced its next-generation RhythmStar wearable device, which includes built-in 4G cellular connectivity. The technology allows for the rapid analysis of ECGs and reporting cardiac abnormalities. In addition, Boston Scientific paid USD 925 million for Preventice Solutions in January 2021. Boston expanded its core cardiac rhythm management and electrophysiology business segment with this acquisition.
Opportunities
- Increasing adoption of remote patient monitoring
As new reimbursement policies are implemented, the increasing adoption of remote patient monitoring (RPM) is contributing to market growth. For instance, the Centers for Medicare & Medicaid Services amended the 2021 Physician Fee Schedule in January 2021, allowing for increased reimbursement for remote patient monitoring. This suggests that remote patient monitoring for cardiac monitoring is becoming more popular, increasing demand for implantable loop recorders. Furthermore, the recent clinical guidelines from the American Heart Association (AHA) strongly recommend using remote patient monitoring for atrial fibrillation detection in stroke and non-stroke patients, thereby increasing demand for implantable loop recorders and boosting market growth.
Restraints/Challenges
- High cost of devices
The availability of early detection technique , high cost of devices, and inaccuracy of non-contact implantable loop recorders will obstruct the market's growth rate.
This implantable loop recorders market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the implantable loop recorders market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Implantable Loop Recorders Market
The COVID-19 pandemic had a significant impact on market growth. For instance, according to an article published in July 2020 by Nature Review Cardiology titled "COVID-19 and cardiovascular disease: from basic mechanisms to clinical perspectives," COVID-19 patients with underlying cardiovascular comorbidities have a high mortality rate, and COVID-19 can cause cardiovascular disorders such as myocardial injury, arrhythmias, acute coronary syndrome, and venous thromboembolism. Thus, the increasing cardiovascular complications among COVID-19 patients raises the demand for wearable devices and patient monitoring devices during the pandemic period, as they enable clinicians to communicate and track medical conditions in real time. As a result, COVID-19 positively impacts the studied market growth.
Recent developments
- In July 2020, Medtronic received FDA approval for its LINQ II insertable cardiac monitor. This cardiac monitor has been used for the detection and classification of cardiac arrhythmias, as well as remote patient monitoring. The LINQ II has remote programming capabilities, allowing cardiologists to fine-tune implant settings without requiring the patient to visit the office
- In June 2020, Boston Scientific received FDA approval for the LUX-Dx Insertable Cardiac Monitor (ICM) System, a new long-term diagnostic device. Patients will have the device implanted to detect arrhythmias associated with conditions such as atrial fibrillation (AF), cryptogenic stroke, and syncope
Global Implantable Loop Recorders Market Scope
The implantable loop recorders market is segmented on the basis of product, distribution channel, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Auto Recorders
- Manual Recorders
Distribution Channel
- Direct Sales
- Distributor
Application
- Atrial Fibrillation
- Cardiac Arrhythmia
- Cardiac Syncope
End User
- Hospitals
- Cardiac Centers
- Others
Implantable Loop Recorders Market Regional Analysis/Insights
The implantable loop recorders market is analysed and market size insights and trends are provided by country, product, distribution channel, application and end user as referenced above.
The countries covered in the implantable loop recorders market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the implantable loop recorders market because of the growing awareness about the benefits of several cardiac monitoring devices and the increasing disposable income in the region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to the presence of advanced healthcare infrastructure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The implantable loop recorders market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for implantable loop recorders market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the implantable loop recorders market. The data is available for historic period 2010-2020.
Competitive Landscape and Implantable Loop Recorders Market Share Analysis
The implantable loop recorders market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to implantable loop recorders market.
Some of the major players operating in the implantable loop recorders market are:
- Medtronic (Ireland)
- Abbott (U.S.)
- BIOTRONIK SE & Co. KG. (U.S.)
- Boston Scientific Corporation (U.S.)
- General Electric (U.S.)
- Vectorious (Israel)
- Angel Medical Systems, Inc. (U.S.)
- NIHON KOHDEN CORPORATION (Japan)
- Koninklijke Philips N.V (Netherlands)
- Midmark Corporation (U.S.)
- ZOLL Medical Corporation (U.S.)
- SunTech Medical, Inc (U.S.)
- Spacelabs Healthcare (U.S.)
- Edwards Life Sciences Corporation (U.S.)
SKU-
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- 최신 뉴스, 업데이트 및 추세 분석
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연구 방법론
데이터 수집 및 기준 연도 분석은 대규모 샘플 크기의 데이터 수집 모듈을 사용하여 수행됩니다. 이 단계에는 다양한 소스와 전략을 통해 시장 정보 또는 관련 데이터를 얻는 것이 포함됩니다. 여기에는 과거에 수집한 모든 데이터를 미리 검토하고 계획하는 것이 포함됩니다. 또한 다양한 정보 소스에서 발견되는 정보 불일치를 검토하는 것도 포함됩니다. 시장 데이터는 시장 통계 및 일관된 모델을 사용하여 분석하고 추정합니다. 또한 시장 점유율 분석 및 주요 추세 분석은 시장 보고서의 주요 성공 요인입니다. 자세한 내용은 분석가에게 전화를 요청하거나 문의 사항을 드롭하세요.
DBMR 연구팀에서 사용하는 주요 연구 방법론은 데이터 마이닝, 시장에 대한 데이터 변수의 영향 분석 및 주요(산업 전문가) 검증을 포함하는 데이터 삼각 측량입니다. 데이터 모델에는 공급업체 포지셔닝 그리드, 시장 타임라인 분석, 시장 개요 및 가이드, 회사 포지셔닝 그리드, 특허 분석, 가격 분석, 회사 시장 점유율 분석, 측정 기준, 글로벌 대 지역 및 공급업체 점유율 분석이 포함됩니다. 연구 방법론에 대해 자세히 알아보려면 문의를 통해 업계 전문가에게 문의하세요.
사용자 정의 가능
Data Bridge Market Research는 고급 형성 연구 분야의 선두 주자입니다. 저희는 기존 및 신규 고객에게 목표에 맞는 데이터와 분석을 제공하는 데 자부심을 느낍니다. 보고서는 추가 국가에 대한 시장 이해(국가 목록 요청), 임상 시험 결과 데이터, 문헌 검토, 재생 시장 및 제품 기반 분석을 포함하도록 사용자 정의할 수 있습니다. 기술 기반 분석에서 시장 포트폴리오 전략에 이르기까지 타겟 경쟁업체의 시장 분석을 분석할 수 있습니다. 귀하가 원하는 형식과 데이터 스타일로 필요한 만큼 많은 경쟁자를 추가할 수 있습니다. 저희 분석가 팀은 또한 원시 엑셀 파일 피벗 테이블(팩트북)로 데이터를 제공하거나 보고서에서 사용 가능한 데이터 세트에서 프레젠테이션을 만드는 데 도움을 줄 수 있습니다.