Implantable Loop Recorders Market Global Scenario, Market Size, Market Volume, Outlook, Trend and Forecast, 2016 – 2025

Market :

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

• The detailed analysis of Implantable Loop Recorders Market with respect to key segments such as Indication Type, Compatibility, Distribution Channel, and End-User has been included in the report
• Revenue, Volume, Revenue Share, Volume Share, Cost, and Gross Profit of the major key players operating in the Implantable Loop Recorders Market will be provided
• The Upcoming Market Players such as Boston Scientific and GE Healthcare have been also covered in the report with their estimated revenue, volume, and volume share on the both global, and the U.S. level.
• The report comprises the qualitative and quantitative analysis of the market with market estimation over 2016 – 2025 and CAGR between 2019 and 2025

Scope of the Global Implantable Loop Recorders Market

Indication Type Segments

• Atrial Fibrillation
• Cryptogenic
• Syncope

Compatibility Segments

• Smartphone Compatible
• Smartphone Incompatible

Distribution Channel Segments

• Direct Sales
• Distribution

End User Segments

• Hospitals
• Clinics

Geographical Segments

•    North America
o    U.S.
o    Canada

•    Europe
o    UK
o    Germany
o    Rest of Europe

•    Asia-Pacific
o    China
o    Japan
o    Rest of Asia-Pacific

•    Rest of the World
o    Central & South America
o    The Middle East & Africa

Operating Players Profiled in the Report

• Medtronic
• Abbott
• Biotronic

Upcoming Players Covered in the Report

• Boston Scientific
• GE Healthcare