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Implantable Loop Recorders Market Share

Report ID: GMI8517
Published Date: Mar 2024
Report Format: PDF

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Implantable Loop Recorders Market Share

The implantable loop recorders 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 based on different technologies is among a key market strategy.

Implantable Loop Recorders Market Companies

Some of the eminent market participants operating in the implantable loop recorders industry include:

Abbott Laboratories
Angel Medical Systems, Inc.
Biotronik
Boston Scientific Corporation
GE Healthcare
Koninklijke Philips N.V.
Medtronic plc
MicroPort Scientific Corporation
Nihon Kohden Corporation
Vectorious

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global market size for implantable loop recorders was valued at around USD 1.4 billion in 2023 and is estimated to reach over USD 2.9 million by 2032, attributed ongoing advancements in implantable loop recorder (ILR) technology and increasing prevalence of cardiac arrhythmias.

Automatic recorders segment of implantable loop recorders industry garnered USD 958.6 million revenue in 2023 and is expected to grow swiftly till 2032, as they enhance diagnostic accuracy by continuously monitoring the heart's electrical activity, enabling the detection of asymptomatic or infrequent arrhythmias that conventional methods may miss.

North America market accounted for USD 536.7 million in 2023 and is predicted to grow substantially through 2032, owing to a high prevalence of cardiovascular disease, including cardiac arrhythmias such as atrial fibrillation, ventricular tachycardia, and bradyarrhythmias.

Abbott Laboratories, Angel Medical Systems, Inc., Biotronik, Boston Scientific Corporation, GE Healthcare, Koninklijke Philips N.V., Medtronic plc, MicroPort Scientific Corporation, Nihon Kohden Corporation, Vectorious are some of the major industry contenders.