Implantable Loop Recorders Market Projected To Reach USD 2.77 Billion By 2030
Date
1/17/2025 7:16:16 AM
(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Jan. 17, 2025 (GLOBE NEWSWIRE) -- The "Implantable Loop Recorders market Size, Share & Trends Analysis Report By Activation, By Application, By End Use, By Region, And Segment Forecasts, 2025 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global implantable loop recorders market stands on the brink of a significant expansion, with forecasts predicting growth from USD 2.77 billion by 2030 at a compound annual growth rate (CAGR) of 10.1% from 2025 to 2030. This substantial growth can be attributed to the escalating prevalence of cardiovascular diseases (CVDs), advancements in cardiac monitoring technologies, and an uptick in the burden of hypertension and high blood pressure.
Key Drivers
A number of factors contribute to the market's expansion, with technological advancements leading to more accurate and efficient cardiac monitoring devices. Furthermore, the growth is complemented by a large base of the population suffering from conditions like cardiac arrhythmia and asymptomatic syncope. The automatic recorders segment is expected to showcase a brisk growth pace with a major share of the market attributed to its convenience and technological edge. Similarly, the atrial fibrillation application of these devices also occupies a substantial portion of the market share, driven by its critical role in diagnosis and continuous health monitoring.
End-Use Landscape
Hospitals continue to be at the forefront in terms of end-use segments, primarily because of their role as key sites for the deployment of implantable loop recorders. Patients who require thorough surveillance for arrhythmias and unexplained cardiac conditions are routinely monitored using these devices within hospital settings.
Regional Insights
North America remains a dominant force in the global implantable loop recorders market, holding a majority revenue share in 2024. The region's commanding position is supported by a combination of a high incidence rate of cardiovascular diseases and an increase in the aging population who are at greater risk for heart conditions.
Conclusion and Market Opportunities
The implantable loop recorders market presents multiple growth opportunities across several regions and systems. This positively trending market trajectory is anticipated to continue, steered by critical market drivers and the relentless pursuit of technological innovation in healthcare. Stakeholders in the global healthcare markets are expected to witness strategic growth and diverse market dynamics that could positively impact patient outcomes and expand monitoring capabilities.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $1.55 billion |
| Forecasted Market Value (USD) by 2030 | $2.77 billion |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
Companies Featured
Medtronic Biotronik Abbott Angel Medical Systems, Inc. Boston Scientific Corporation GE Healthcare Koninklijke Philips N.V. MicroPort Scientific Corporation Nihon Kohden Corporation Vectorious
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Implantable Loop Recorders Market
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