Market Overview:
The global medical implantable loop recorder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing incidence of cardiovascular diseases, technological advancements in medical implantable loop recorders, and rising demand for minimally invasive procedures. Based on type, the global medical implantable loop recorder market is segmented into manual and automatic. The automatic segment is expected to grow at a higher CAGR than the manual segment during the forecast period from 2018 to 2030. This can be attributed to its advantages such as easy operation and reduced chances of human error. Based on application, the global medical implantable loop recorder market is divided into cardiovascular syncope, stroke, heart failure, cardiac arrhythmias (atrial fibrillation (AF), bundle branch block (BBB), others), and others (endocrine disorders such as diabetes mellitus and thyroid dysfunction). The cardiac arrhythmias segment accounted for the largest share of the global medical implantable loop recorder market in 2017 owing to increasing prevalence of AF across all regions worldwide.
Product Definition:
Medical implantable loop recorders (MILRs) are devices implanted under the skin that continuously monitor and record heart rhythms. They are used to diagnose abnormal heart rhythms, including arrhythmias that may cause sudden death.
Manual:
Manual is a device used to record and store the patient’s vital signs such as temperature, blood pressure, and heart rate. It is also used to record the data from medical devices such as ECG or oximeters. The growth factor in manual market helps in increasing awareness about its usage which leads to its increased adoption globally thus driving the market growth during forecast period 2016-2021.
Automatic:
Automatic implantable loop recorders (AILRs) are electronic devices that are used to monitor the patient’s vital signs, such as temperature, blood pressure, and heart rate. AILR is a small device worn by patients for about 2-3 weeks which consists of sensors and an electronic chip that wirelessly sends the data to a physician or hospital staff member via Bluetooth or near field communication technology.
Application Insights:
The cardiovascular syncope segment dominated the global medical implantable loop recorders market in terms of revenue share in 2017. This is due to the increasing prevalence of cardiac disorders, which may lead to syncope. According to a study published by NCBI, it was found that around 1 out of 10 people suffer from some form of fainting each year and approximately 3 million visits are made by patients suffering from faintness across the globe.
Stroke is another major application segment for these devices as they help detect stroke symptoms early and prevent its complications such as brain hemorrhage or cerebral edema. The National Stroke Association states that every year around 775,000 people suffer from a stroke or TIA (Transient Ischemic Attack) and over 150,000 die due to one. Therefore, an increase in incidence rate coupled with rising awareness about early diagnosis is expected to drive demand for these devices over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, high disposable income, and favorable reimbursement policies & regulatory reforms. The U.S., which is at the forefront of this regional market, has one of the highest per capita healthcare spending along with a well-developed healthcare infrastructure that makes it easier for patients to access various advanced medical devices & implants. Moreover, according to data published by International Federation for Spina Bifida and Hydrocephalus (IFSBH), hydrocephalus affects over 2 million infants and young children in North America every year; 90%of these cases are seen in developing countries like India but only 1%are reported from developed nations like U.S., China, Japan).
Growth Factors:
- Increasing incidence of cardiovascular diseases: The increasing incidence of cardiovascular diseases is one of the key growth drivers for the medical implantable loop recorder market. According to a study by the World Health Organization (WHO), an estimated 17.5 million people died from cardiovascular diseases in 2012, accounting for 31% of all global deaths. This number is projected to increase to 23 million by 2030. This growing prevalence of cardiovascular diseases is expected to drive demand for medical implantable loop recorders over the next few years.
- Technological advancements: The technological advancements in medical implantable loop recorders are another major growth driver for this market. These devices are becoming increasingly sophisticated, with features such as remote monitoring and long-term data storage capabilities becoming more common. This is likely to result in increased adoption rates over the next few years, driving market growth accordingly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Implantable Loop Recorders Market Research Report
By Type
Manual, Automatic
By Application
Cardiovascular Syncope, Stroke, Heart Failure, Cardiac Arrhythmias, Atrial Fibrillation, Bundle Branch Block, Others
By Companies
Medtronic, Biotronik AG, Abbott, Angel Medical Systems, Boston Scientific Corporation, Vectorious
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Medical Implantable Loop Recorders Market Report Segments:
The global Medical Implantable Loop Recorders market is segmented on the basis of:
Types
Manual, Automatic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cardiovascular Syncope, Stroke, Heart Failure, Cardiac Arrhythmias, Atrial Fibrillation, Bundle Branch Block, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Biotronik AG
- Abbott
- Angel Medical Systems
- Boston Scientific Corporation
- Vectorious
Highlights of The Medical Implantable Loop Recorders Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Manual
- Automatic
- By Application:
- Cardiovascular Syncope
- Stroke
- Heart Failure
- Cardiac Arrhythmias
- Atrial Fibrillation
- Bundle Branch Block
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Implantable Loop Recorders Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical implantable loop recorders (MILRs) are devices that can be implanted under the skin in order to monitor vital signs and other health information. They are often used in hospitals to track patient health, and can also be used by patients at home as a way to track their own health data.
Some of the major players in the medical implantable loop recorders market are Medtronic, Biotronik AG, Abbott, Angel Medical Systems, Boston Scientific Corporation, Vectorious.
The medical implantable loop recorders market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Implantable Loop Recorders Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Implantable Loop Recorders Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Implantable Loop Recorders Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Implantable Loop Recorders Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Implantable Loop Recorders Market Size & Forecast, 2020-2028
4.5.1 Medical Implantable Loop Recorders Market Size and Y-o-Y Growth
4.5.2 Medical Implantable Loop Recorders Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Manual
5.2.2 Automatic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cardiovascular Syncope
6.2.2 Stroke
6.2.3 Heart Failure
6.2.4 Cardiac Arrhythmias
6.2.5 Atrial Fibrillation
6.2.6 Bundle Branch Block
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Implantable Loop Recorders Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Implantable Loop Recorders Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Manual
9.6.2 Automatic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cardiovascular Syncope
9.10.2 Stroke
9.10.3 Heart Failure
9.10.4 Cardiac Arrhythmias
9.10.5 Atrial Fibrillation
9.10.6 Bundle Branch Block
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Manual
10.6.2 Automatic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cardiovascular Syncope
10.10.2 Stroke
10.10.3 Heart Failure
10.10.4 Cardiac Arrhythmias
10.10.5 Atrial Fibrillation
10.10.6 Bundle Branch Block
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Manual
11.6.2 Automatic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cardiovascular Syncope
11.10.2 Stroke
11.10.3 Heart Failure
11.10.4 Cardiac Arrhythmias
11.10.5 Atrial Fibrillation
11.10.6 Bundle Branch Block
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Manual
12.6.2 Automatic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cardiovascular Syncope
12.10.2 Stroke
12.10.3 Heart Failure
12.10.4 Cardiac Arrhythmias
12.10.5 Atrial Fibrillation
12.10.6 Bundle Branch Block
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Manual
13.6.2 Automatic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cardiovascular Syncope
13.10.2 Stroke
13.10.3 Heart Failure
13.10.4 Cardiac Arrhythmias
13.10.5 Atrial Fibrillation
13.10.6 Bundle Branch Block
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Implantable Loop Recorders Market: Competitive Dashboard
14.2 Global Medical Implantable Loop Recorders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Biotronik AG
14.3.3 Abbott
14.3.4 Angel Medical Systems
14.3.5 Boston Scientific Corporation
14.3.6 Vectorious
