The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s implantable defibrillators market report forecasts the implantable defibrillators market size to grow to $6.45 Billion by 2027, with a CAGR (compound annual growth rate) of more than 4%.

Learn More On The Implantable Defibrillators Market Report 2023 – https://www.thebusinessresearchcompany.com/report/implantable-defibrillators-global-market-report

Implantable Defibrillators Market Size Forecast
The global implantable defibrillators market is expected to grow from $5.26 billion in 2022 to $5.46 billion in 2023 at a compound annual growth rate (CAGR) of 5.85%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global implanted defibrillator market size is expected to reach $6.45 billion in 2027 at a CAGR of 4.24%.

North America held the largest implantable defibrillators market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Implantable Defibrillators Market Driver ­– Increase In The Prevalence Of Sudden Cardiac Arrest
According to a paper published in the magazine of the American College of Cardiology, a US-based medical magazine, SCD causes 185,000 to 450,000 deaths in the US population each year, accounting for 7% to 18% of all fatalities. As a result, the rising prevalence of sudden cardiac arrest is propelling the implantable defibrillator market forward.

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Key Implantable Defibrillators Market Trend – Technological Advancement
To remain competitive in the implantable defibrillator industry, major businesses are focusing on creating new technology. For example, Abbott, a US-based healthcare business specialising in cardiovascular equipment, will release the Gallant ICD and CRT with Bluetooth connectivity and continuous remote monitoring in July 2020. These devices are distinguished by their long battery life, MRI compatibility, Bluetooth technology, and a new patient smartphone app for improved remote monitoring. This means that people who use these devices can receive remote updates on their heart health and healthcare providers can monitor their condition in real time. Gallant devices are designed to provide personalised therapy and have powerful algorithms that can detect aberrant cardiac rhythms and deliver appropriate therapy. Patients can use Bluetooth connectivity to link their equipment to their smartphone, which can subsequently send data to their healthcare professional for examination.

Implantable Defibrillators Market Segment
1) By Product Type: Single Chambered Implantable Defibrillators, Dual Chambered Implantable Defibrillators, Biventricular Implantable Defibrillators
2) By Procedure Type: Trans-Venous Implantable Defibrillators, Subcutaneous Implantable Defibrillators
3) By End User: Hospitals And Clinics, Ambulatory Surgery Centers, Other End Users

Implantable Defibrillators Market Major Players and Strategies
Major players in the implantable defibrillators market are Boston Scientific Corporation, LivaNova Plc, Biotronik Se & Co.KG, MicroPort Scientific Corporation, Mayo Clinic, Medtronic, St. Jude Medical Inc., Abbott Laboratories, Sorin Medical Group, Nihon Kohden Corporation, Koninklijke Philips N.V., Fukuda Denshi, Stryker, LivaNova PLC, and Progetti Srl.

Johnson & Johnson Services Inc., a US-based company that manufactures healthcare products and provides related services, paid $16.6 billion for Abiomed in December 2022, allowing Johnson & Johnson MedTech to add heart recovery technologies to its globally market-leading Biosense Webster electrophysiology business, expanding its portfolio in the cardiovascular areas with the fastest growth.

The Implantable Defibrillators Global Market Report 2023 covers regional data on implantable defibrillators market size, implantable defibrillators market trends and drivers, opportunities, strategies, and implantable defibrillators market competitor analysis. The countries covered in the implantable defibrillators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

A small, battery-powered device implanted into the chest to assist control irregular heart rhythms is referred to as an implantable defibrillator. It constantly monitors the heart’s beat, and if it detects a hazardous or irregular rhythm, it shocks the heart to restore normal rhythm.

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