Key Trends and Insights into the Implantable Defibrillators Market: Growth Rate and Opportunities to 2034
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How has the implantable defibrillators market size evolved in recent years?
In recent years, the market size for implantable defibrillators has seen a consistent growth. It’s expected to expand from $5.54 billion in 2024 to $5.73 billion in 2025, with a compound annual growth rate (CAGR) of 3.4%. Factors contributing to this growth during the historical period include the rising incidence of heart conditions, strong clinical proof and research, the increase in the elderly population, improved awareness and education, as well as collaborations and partnerships.
What are the predictions for the implantable defibrillators market size in the coming years?
The market size for implantable defibrillators is projected to experience substantial growth in the upcoming years, escalating to “$7.21 billion by 2029 with a compound annual growth rate (CAGR) of 5.9%. This expected increase during the forecast period can be linked to factors such as advancements in remote monitoring and integration of telemedicine, broadening scope of indications, emphasis on managing heart failure, innovative approaches in personalised medicine, and worldwide improvements in healthcare facilities. Main trends anticipated during the forecast period consist of downsizing and innovative designs, interconnectedness and remote monitoring, customised therapy strategies, leadless implantable defibrillators, and progression in battery technology.
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What key factors are fueling the growth of the implantable defibrillators market?
The growth of the implantable defibrillators market is expected to be propelled by the soaring incidence of sudden cardiac arrest. Sudden cardiac arrest (SCA) is a situation characterized by an unexpected halt in the heartbeat. Implantable defibrillators play a crucial role in preserving lives by identifying and rectifying heart abnormalities that could potentially cause SCA. As per a research published by the Journal of the American College of Cardiology, a medical journal based in the US, SCD is the cause of death of 185,000 to 450,000 individuals every year in the US population, representing 7% to 18% of all fatalities. Hence, the escalating prevalence of sudden cardiac arrest is fuelling the expansion of the implantable defibrillators market.
How is the global implantable defibrillators market divided into key segments?
The implantable defibrillators market covered in this report is segmented –
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
Subsegments:
1) By Single Chambered Implantable Defibrillators: Standard Single Chamber ICDs, Leadless Single Chamber ICDs
2) By Dual Chambered Implantable Defibrillators: Standard Dual Chamber ICDs, Advanced Dual Chamber ICDs
3) By Biventricular Implantable Defibrillators: Standard Biventricular ICDs, Advanced Biventricular ICDs With CRT
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Who are the key firms paving the way for growth in the implantable defibrillators market?
Major companies operating in the implantable defibrillators market include Boston Scientific Corporation, LivaNova PLC, Biotronik SE & Co KG, MicroPort Scientific Corporation, Medtronic plc, St. Jude Medical Inc., Abbott Laboratories, Sorin Group Italia S.r.l., Nihon Kohden Corporation, Koninklijke Philips N.V., Fukuda Denshi Co Ltd., Progetti S.r.l., Imricor Medical Systems Inc., ZOLL Medical Corporation, Physio-Control International Inc., Cardiac Science Corporation, Defibtech LLC, HeartSine Technologies LLC, Schiller AG, CU Medical Systems Inc., Mindray Medical International Limited, Shenzhen Mindray Bio-Medical Electronics Co Ltd., Beijing M&B Electronic Instruments Co Ltd., Bexen Cardio SL, Pacemaker Technologies, EBR Systems Inc.
Which trends are expected to transform the implantable defibrillators market?
In the implantable defibrillators market, the primary trend picking up steam is product innovation. The market’s leading companies are focusing on the creation of new goods to retain their market status. For example, in December 2023, Medtronic, a medical device corporation based in Ireland, introduced a novel type of implantable cardioverter-defibrillator. The Aurora extravascular ICD, inserted beneath the skin under the left armpit rather than the collarbone, bears likeness in terms of size, shape, and battery longevity to the company’s conventional transvenous ICDs. Additionally, it supplies defibrillation to patients suffering cardiac arrest and ongoing pacemaker therapies. Its Epsila leads are linked to the heart beneath the breastbone through minimal invasive means. The device also incorporates Medtronic’s Smart Sense technology in an effort to reduce the potential for unwanted shocks and SureScan technology allowing patients to undergo an MRI with the device in place.
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What regions are contributing significantly to the growth of the implantable defibrillators market?
North America was the largest region in the implantable defibrillators market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global implanted defibrillator market forecast period. The regions covered in the implantable defibrillators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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