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 loop recorders market report forecasts the implantable loop recorders market size to grow to $2.48 Billion by 2027, with a CAGR (compound annual growth rate) of more than 13%.

Learn More On The Implantable Loop Recorders Market Report 2023 – https://www.thebusinessresearchcompany.com/report/implantable-loop-recorders-global-market-report

Implantable Loop Recorders Market Size Forecast
The global implantable loop recorders market is expected to grow from $1.33 billion in 2022 to $1.51 billion in 2023 at a compound annual growth rate (CAGR) of 13.7%. 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 implantable loop recorder market is expected to grow to $2.48 billion in 2027 at a CAGR of 13.1%.

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

Key Implantable Loop Recorders Market Driver ­– Growth In The Prevalence Of Cardiac Disorders Across The Globe
According to the Centers for Disease Control and Prevention, a US-based national public health agency, approximately 697,000 people died from heart disease in the United States in 2020, and approximately 20.1 million adults aged 20 and older have cardiac disorders. As a result, cardiac disorders are driving the implantable loop recorder market globally.

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Key Implantable Loop Recorders Market Trend – Product Innovation
To strengthen their market position, major companies in the implantable loop recorder market are developing innovative products with advanced features. For example, Biotronic, a Germany-based cardiovascular biomedical research and technology company, launched the BIOMONITOR III injectable cardiac monitor in January 2020 to assist patients with irregular heart rhythms by documenting unexplained syncope with greater clarity. The BIOvector on the BIOMONITOR III is designed to deliver high-definition signals. The amplitudes and visibility of the p-waves3 allow the doctor to confidently evaluate arrhythmias.

Implantable Loop Recorders Market Segment
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 Centres

Implantable Loop Recorders Market Major Players and Strategies
Major players in the implantable loop recorders market are Abbott Laboratories, Medtronic plc, Biotronik, Boston Scientific Corporation, Vectorious Medical Technologies, Angel Medical Systems Inc., Nihon Kohden Corporation, Koninklijke Philips N.V., Cardiac Science Corporation, GE Healthcare, Edward Life Science Corporation, Asian Heart and Vascular Centre, CARDION sro, TechIndia Infoway Pvt. Ltd., and General Electric.

Royal Philips, a Netherlands-based multinational conglomerate corporation and global leader in health technology, acquired BioTelemetry, Inc. for an undisclosed sum in February 2021. Royal Philips hopes to strengthen its position in the implantable loop recorder market and its strategy to transform care delivery across the health continuum with integrated solutions with this acquisition. BioTelemetry Inc is a remote cardiac diagnostics and monitoring company based in the United States.

The Implantable Loop Recorders Global Market Report 2023 covers regional data on implantable loop recorders market size, implantable loop recorders market trends and drivers, opportunities, strategies, and implantable loop recorders market competitor analysis. The countries covered in the implantable loop recorders 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.

Implantable loop recorders are heart monitoring devices that are implanted beneath the skin of the chest. It continuously records heart rhythm for up to three years and allows the doctor to remotely monitor heartbeat while performing daily activities.

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