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The implantable cardioverter defibrillators industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products is among a key market strategy. Some of the leading industry players including Abbott Laboratories, Medtronic plc, BIOTRONIK SE & Co. KG, and Boston Scientific Corporation, among others have a notable presence in the market.
Some of the eminent market participants operating in the implantable cardioverter defibrillators industry include:
The biventricular devices segment held more than 42% share of the implantable cardioverter defibrillators industry in 2023 and is estimated to record substantial growth through 2032 owing to its increasing use among patients with heart failure and conduction abnormalities.
Market size for implantable cardioverter defibrillators surpassed USD 8.8 billion in 2023 and is projected to reach USD 15.9 billion by 2032 driven by the rising incidences of cardiovascular diseases, growing geriatric population, and continual technological advancements.
Some of the leading implantable cardioverter defibrillator companies are Abbott Laboratories, Medtronic plc, BIOTRONIK SE & Co. KG, Boston Scientific Corporation, MicroPort Scientific Corporation, LivaNova plc, Koninklijke Philips N.V., CU Medical Germany GmbH, and MEDIANA Co., Ltd.
North America industry size for implantable cardioverter defibrillators was worth USD 4.7 billion in revenue in 2023 and is set to exhibit robust growth through 2032 driven by the ongoing adoption of state-of-the-art devices in the region.