Market Overview:
The global implantable loop recorder market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing prevalence of cardiac arrhythmias, technological advancements in implantable loop recorders, and rising demand for minimally invasive procedures. The global implantable loop recorder market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into smartphone compatible and smartphone incompatible devices. The smartphone compatible devices are further sub-segmented into standalone and integrated devices. The standalone devices are those that can be operated without any external device such as a smart phone or computer, while integrated devices require an external device for operation. On the basis of application, the market is segmented into clinics, hospitals, and home care settings.
Product Definition:
An implantable loop recorder (ILR) is a small, battery-operated device that continuously records the electrical activity of your heart. The ILR is inserted under the skin on the chest and a thin wire (lead) is threaded through a vein to your heart.
Smartphone Compatible:
Smartphone compatible is the technology used in implantable loop recorder market which allows doctors to monitor patient’s vital signs from their smartphones. This compatibility feature of smartphone with implantable loop recorder has increased its usage rate and growth factor in this industry.
The major drivers for this technology are increasing prevalence of chronic diseases such as diabetes, high blood pressure & cholesterol levels, growing geriatric population base coupled with rising awareness about health & fitness among people.
Smartphone Incompatible:
Smartphone-incompatible is a term used to define devices that are physically and functionally designed to prevent the usage of smartphones in implantable loop recorder (ILR) devices. The primary function of smartphone-incompatible is to ensure patient safety by restricting unauthorized access and preventing data extraction from the ILR system.
Application Insights:
Based on the application, the global implantable loop recorder market is segmented into clinics, hospitals and home care. The clinics segment dominated the overall market in terms of revenue in 2017. This can be attributed to an increase in number of cardiac patients visiting clinics for evaluation and treatment procedures. As a result, demand for ILDs has increased significantly over the past few years owing to its ability to record continuously without any intervention or maintenance required by patient¢â‚¬â„¢s end-stage heart failure patient with chronic valvular heart disease (CHD).
The hospital segment is expected to grow at a significant rate during forecast period owing to increasing prevalence of cardiovascular diseases coupled with rising geriatric population across various regions including North America and Europe.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D investments by key companies and rising adoption of IoT technologies in various sectors such as healthcare, automotive, retail, etc. In addition, high incidence of chronic disorders and presence of major market players are some other factors contributing toward growth in this region.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rise in demand for advanced medical devices coupled with growing target population base especially from China & India due to low cost of treatment offered by local hospitals & clinics along with favorable government initiatives for improving healthcare infrastructure at country level (i.e., National Health Mission).
Growth Factors:
- Increasing geriatric population: The global implantable loop recorder market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing geriatric population. As people age, their risk for heart diseases increases, which in turn is expected to drive the demand for implantable loop recorders over the next few years.
- Rising prevalence of cardiac arrhythmias: The prevalence of cardiac arrhythmias is increasing at an alarming rate across the globe due to various lifestyle and environmental factors such as stress, smoking, obesity, and pollution. This is anticipated to boost demand for implantable loop recorders in the near future.
- Technological advancements: Continuous technological advancements are taking place in implantable loop recorder market that are helping manufacturers offer better products with enhanced features and benefits such as longer battery life and smaller size devices that can be easily implanted into patients’ bodies without any major surgery or hospitalization required thereby reducing overall treatment cost burden on patients/healthcare providers). This is projected to fuel growth of this market during forecast period 2017-2025 . 4) Growing awareness about early diagnosis & treatment options: There has been a significant rise in awareness among people about early diagnosis & treatment options for heart diseases which is propelling growth of global implantable Loop Recorder Market . 5) Increasing number of clinical studies being conducted on ILCs : A large number (more than 3000) number clinical studies are
Scope Of The Report
Report Attributes
Report Details
Report Title
Implantable Loop Recorder Market Research Report
By Type
Smartphone Compatible, Smartphone Incompatible
By Application
Clinics, Hospitals, Home Care
By Companies
Medtronic, Abbott, Boston Scientific, Philips Healthcare, BIOTRONIK
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Implantable Loop Recorder Market Report Segments:
The global Implantable Loop Recorder market is segmented on the basis of:
Types
Smartphone Compatible, Smartphone Incompatible
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
Clinics, Hospitals, Home Care
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
- Abbott
- Boston Scientific
- Philips Healthcare
- BIOTRONIK
Highlights of The Implantable Loop Recorder 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:
- Smartphone Compatible
- Smartphone Incompatible
- By Application:
- Clinics
- Hospitals
- Home Care
- 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 Implantable Loop Recorder 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?
An implantable loop recorder (ILR) is a medical device that records the electrical activity of the heart. This information can be used to diagnose and treat heart conditions.
Some of the key players operating in the implantable loop recorder market are Medtronic, Abbott, Boston Scientific, Philips Healthcare, BIOTRONIK.
The implantable loop recorder market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Implantable Loop Recorder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Implantable Loop Recorder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Implantable Loop Recorder Market - Supply Chain
4.5. Global Implantable Loop Recorder Market Forecast
4.5.1. Implantable Loop Recorder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Implantable Loop Recorder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Implantable Loop Recorder Market Absolute $ Opportunity
5. Global Implantable Loop Recorder Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Implantable Loop Recorder Market Size and Volume Forecast by Type
5.3.1. Smartphone Compatible
5.3.2. Smartphone Incompatible
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Implantable Loop Recorder Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Implantable Loop Recorder Market Size and Volume Forecast by Application
6.3.1. Clinics
6.3.2. Hospitals
6.3.3. Home Care
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Implantable Loop Recorder Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Implantable Loop Recorder Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Implantable Loop Recorder Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Implantable Loop Recorder Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Implantable Loop Recorder Demand Share Forecast, 2019-2026
9. North America Implantable Loop Recorder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Implantable Loop Recorder Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Implantable Loop Recorder Market Size and Volume Forecast by Application
9.4.1. Clinics
9.4.2. Hospitals
9.4.3. Home Care
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Implantable Loop Recorder Market Size and Volume Forecast by Type
9.7.1. Smartphone Compatible
9.7.2. Smartphone Incompatible
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Implantable Loop Recorder Demand Share Forecast, 2019-2026
10. Latin America Implantable Loop Recorder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Implantable Loop Recorder Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Implantable Loop Recorder Market Size and Volume Forecast by Application
10.4.1. Clinics
10.4.2. Hospitals
10.4.3. Home Care
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Implantable Loop Recorder Market Size and Volume Forecast by Type
10.7.1. Smartphone Compatible
10.7.2. Smartphone Incompatible
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Implantable Loop Recorder Demand Share Forecast, 2019-2026
11. Europe Implantable Loop Recorder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Implantable Loop Recorder Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Implantable Loop Recorder Market Size and Volume Forecast by Application
11.4.1. Clinics
11.4.2. Hospitals
11.4.3. Home Care
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Implantable Loop Recorder Market Size and Volume Forecast by Type
11.7.1. Smartphone Compatible
11.7.2. Smartphone Incompatible
11.8. Basis Point Share (BPS) Analysis by Tye
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Implantable Loop Recorder Demand Share, 2019-2026
12. Asia Pacific Implantable Loop Recorder Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Implantable Loop Recorder Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Implantable Loop Recorder Market Size and Volume Forecast by Application
12.4.1. Clinics
12.4.2. Hospitals
12.4.3. Home Care
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Implantable Loop Recorder Market Size and Volume Forecast by Type
12.7.1. Smartphone Compatible
12.7.2. Smartphone Incompatible
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Implantable Loop Recorder Demand Share, 2019-2026
13. Middle East & Africa Implantable Loop Recorder Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Implantable Loop Recorder Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Implantable Loop Recorder Market Size and Volume Forecast by Application
13.4.1. Clinics
13.4.2. Hospitals
13.4.3. Home Care
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Implantable Loop Recorder Market Size and Volume Forecast by Type
13.7.1. Smartphone Compatible
13.7.2. Smartphone Incompatible
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Implantable Loop Recorder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Implantable Loop Recorder Market: Market Share Analysis
14.2. Implantable Loop Recorder Distributors and Customers
14.3. Implantable Loop Recorder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Abbott
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Boston Scientific
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Philips Healthcare
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BIOTRONIK
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
