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What key factors are powering the surge in the implantable loop recorders market right now?

The market size for implantable loop recorders has experienced rapid expansion in the past few years. The current forecast suggests that it will bolster from $1.69 billion in 2024 to $1.92 billion in 2025, showing a compound annual growth rate (CAGR) of 13.5%. The substantial growth during the historic period is thought to be due to factors such as the increase in physical inactivity tied to sedentary lifestyles, supportive reimbursement strategies, wider applications and clinical uses, emphasis on patient adherence, and improved diagnostic prowess.

How fast Is the implantable loop recorders market expected to grow, and what’s its future value?

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What are the leading drivers of growth in the implantable loop recorders market?

The implantable loop recorder market is projected to expand due to the increasing incidence of heart diseases globally. Cardiac disorders, which impact the heart and blood vessels, contribute towards the rising usage of these implantable loop recorders, utilized in capturing the heart rhythm of patients for treatment purposes. A report from the World Heart Federation, a non-governmental organization in Switzerland, revealed in October 2022 that cardiovascular diseases are forecasted to exceed 22.2 million by 2030 and attain 32.3 million by 2050. As a result, global cardiac disorders stimulate the growth of the implantable loop recorder market.

What are the key segments defining the implantable loop recorders market?

The implantable loop recorders market covered in this report is segmented –

1) By Product: Manual, Automatic

2) By Application: Atrial fibrillation, Cardiac Arrhythmia, Cardiac Syncope

3) By End Users: Hospitals, Cardiac Centers And Clinics, Ambulatory Surgical Centers

Subsegments:

1) By Manual: Manual Activation Loop Recorders, Handheld Programming Devices

2) By Automatic: Continuous Monitoring Loop Recorders, Event-Triggered Loop Recorders

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Who are the key players steering the development of the implantable loop recorders market?

Major companies operating in the implantable loop recorders market include Abbott Laboratories, Medtronic PLC, BIOTRONIK, Boston Scientific Corporation, Vectorious, Angel Medical Systems Inc., Implicity, Biotronik AG, EBR Systems Inc., Cardiac Insight Inc., iRhythm Technologies Inc., Acutus Medical Inc., LifeWatch AG, Holter Monitor Corporation, Cardiologs Technologies, Philips Healthcare, GE HealthCare Technologies Inc., Siemens Healthineers, AtriCure Inc., ZOLL Medical Corporation, Nihon Kohden Corporation, Osypka Medical GmbH, BioTelemetry Inc., Eko Devices Inc.

What emerging trends are influencing the growth of the implantable loop recorders market?

The implantable loop recorders market is dominated by key players such as Abbott Laboratories, Medtronic PLC, BIOTRONIK, Boston Scientific Corporation, Vectorious, Angel Medical Systems Inc., Implicity, Biotronik AG, EBR Systems Inc., Cardiac Insight Inc., iRhythm Technologies Inc., Acutus Medical Inc., LifeWatch AG, Holter Monitor Corporation, Cardiologs Technologies, Philips Healthcare, GE HealthCare Technologies Inc., Siemens Healthineers, AtriCure Inc., ZOLL Medical Corporation, Nihon Kohden Corporation, Osypka Medical GmbH, BioTelemetry Inc., Eko Devices Inc.

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Which regions are most influential in expanding the implantable loop recorders market?

North America was the largest region in the implantable loop recorder market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the implantable loop recorders market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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