Implantable Loop Recorders Market Size Worth $2.1 Billion by 2027: Grand View Research, Inc.
SAN FRANCISCO, July 13, 2020 /PRNewswire/ -- The global implantable loop recorders market size is expected to reach USD 2.1 billion by 2027, expanding at a CAGR of 9.6%, according to a new report by Grand View Research, Inc. Growing incidence of cardiac arrhythmia, asymptomatic syncope and technological advancement in cardiac devices are driving the market.
Key suggestions from the report:
- In terms of revenue, atrial fibrillation dominated the application segment in 2019. The growth can be attributed to increasing incidence of the disease and growing demand for remote patient monitoring
- On basis of end-use, hospitals held the largest revenue share in 2019 owing to increased number of minimally invasive surgeries under these facilities
- The market is oligopolistic and dominated by Medtronic, Abbott, and BIOTRONIK, Inc.
Read 100 page research report with ToC on "Implantable Loop Recorders Market Size, Share & Trend Analysis Report By Application (Atrial Fibrillation, Cardiac Arrhythmia), By End use (Hospitals, Cardiac Centers), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/implantable-loop-recorders-market
More than 85.7 million people in U.S. suffer from high BP and hypertension due to stressful lifestyle in 2018. These factors are expected to increase the burden of CVDs in the country over the forecast period. Moreover, one in every three U.S. adults does not meet the current guidelines for physical activity. In addition, in 2016, about 18.0% of U.S. adults had high-density lipoprotein cholesterol levels of less than 40 mg/dl. The aforementioned factors require self-care management which is boosting the demand for implantable loop recorders.
Grand View Research has segmented the global implantable loop recorders market on the basis of application, end-use, and region:
- Implantable Loop Recorders Application Outlook (Revenue, USD Million, 2016 - 2027)
- Atrial fibrillation
- Cardiac arrhythmia
- Cardiac syncope
- Implantable Loop Recorders End-use Outlook (Revenue, USD Million, 2016 - 2027)
- Hospitals
- Cardiac centers
- Others
- Implantable Loop Recorders Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- List of Key Players of Implantable Loop Recorders Market:
- Medtronic
- Abbott
- BIOTRONIK. Inc
Find more research reports on Medical Devices Industry, by Grand View Research:
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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