Global Implantable Loop Recorders Market was valued $469.0 Million in 2018, and is projected to reach $813.5 Million by 2025; with a CAGR of 8.4% from 2019 to 2025. In terms of volume, the market was valued 181.4 Million Units in 2018 and is expected to reach 320.4 Million Units by 2025, growing at a CAGR of 8.7% from 2019 to 2025.
An implantable loop recorder is a small device which can be implanted below the skin, just near the chest, to record the heart activity. The ILR is smaller in size, generally about the size of a computer USB, and is attached to the patient through chest electrodes that detect irregular heart rates. Implantable loop recorders market is in the emerging state mainly due to the increase in heart diseases and the rise in the geriatric population. Furthermore, emerging applications across novel fields of clinical research of medical devices are expected to open new avenues in the ILR market.
The global implantable loop recorders market is segmented by indication type, compatibility, distribution channel, end-user, and geography. The indication type segment covers artrial fibrillation, cryptogenic, and syncope. The compatibility segment includes smartphone-compatible and smartphone incompatible. Direct sales and distribution are the different segments by distribution channel. The end-user segment is divided into hospitals and clinics.
By geography, the ILR market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., and Canada, while Europe covers UK, Germany, and Rest of Europe. China, Japan, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, and the Middle East and Africa.
The report covers different segment market size, both volume and value. Also cover different industries clients’ information, which is very important for the manufacturers. Manufacturers’ data, including revenue, shipment, revenue share, shipment share, and gross profit have been also included, which provide a better understanding of the market competition.
Top players in the global implantable loop recorders market are Medtronic, Abbot, and Biotronic. Also, the future market players such as Boston Scientific and GE healthcare have been covered in the report with their estimated revenue, volume, and volume share on both global, and the U.S. level.
The Highlights of the Report
Scope of the Global Implantable Loop Recorders Market
Indication Type Segments
Distribution Channel Segments
End User Segments
• North America
o Rest of Europe
o Rest of Asia-Pacific
• Rest of the World
o Central & South America
o The Middle East & Africa
Operating Players Profiled in the Report
Upcoming Players Covered in the Report