02/03/2024
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Implantable Loop Recorders Market Set for Noteworthy Growth by 2032
The global implantable loop recorders market size was USD 931.97 Million in 2022 and is expected to reach USD 1713.39 Million in 2032, and register a revenue CAGR of 7% during the forecast period. Market revenue growth is expected to be driven by increasing prevalence of cardiac arrhythmias and cardiovascular disorders as well as rising demand for minimally invasive diagnostic techniques.
Small, Battery-powered implantable loop recorders are inserted subcutaneously in the chest region to track electrical activity of the heart. These tools are used to identify abnormal heart rhythms, such as bradycardia, syncope, and Atrial Fibrillation. They are also used to keep tabs on people who have had cardiac surgeries such as pacemaker placement or ablation. The need for implantable loop recorders is being fueled by rising prevalence of cardiovascular illnesses and aging population. According to the World Health Organization, cardiovascular illnesses are the leading cause of mortality globally, accounting for 31% of all fatalities. The implantable loop recorders market revenue growth is a result of increasing prevalence of risk factors such Diabetes, high cholesterol, and blood pressure.
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The market revenue growth is due to the growing adoption of minimally invasive diagnostic techniques. Compared to conventional diagnostic techniques, implantable loop recorders have a number of benefits, including non-invasiveness, high diagnostic yield, and long-term monitoring. Technology developments has also resulted in the creation of more complex, smaller, and more accurate medical gadgets that are more comfortable for patients.
In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.

Key Players covered in this report are
Abbott Laboratories
BIOTRONIK SE & Co. KG
Boston Scientific Corporation
Medtronic plc
MicroPort Scientific Corporation
LivaNova PLC
Market Segmentation:
By Product Type Outlook
 Traditional
Advanced
By Application Outlook
 Cardiac Arrhythmia
Syncope
Atrial Fibrillation
Other Applications
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Based on Region market is segmented into:
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Major Points covered in this report are as below:
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