Implantable Cardiac Defibrillator Market Size – USD 7.11 Billion in 2020, Growth – at a CAGR of 2.7%, Market Trends – High prevalence of heart disease
VANCOUVER, BC, CANADA, Jan. 19, 2022 /EINPresswire.com/ — Implantable cardioverter defibrillator market revenue growth is driven by growing attention to public access defibrillators and training programs and raising awareness on ICDs
The global implantable cardiac defibrillator (ICD) market size is expected to reach USD 8.81 billion at a steady CAGR of 2.7% in 2028, according to the latest analysis from Emergen Research. The implantable cardioverter defibrillator market is growing due to an increase in the prevalence of heart diseases. Rising risk factors such as obesity and increase in sedentary lifestyle are other key factors driving the growth of the INN market.
The implantable cardioverter defibrillator is a small, battery-powered device placed on an individual’s chest to monitor heart rhythm and detect abnormal heartbeats. The device can deliver electric shocks through wires to correct cardiac arrhythmias. Rising prevalence of cardiovascular diseases and rising global geriatric population are factors fueling the growth of the market to a large extent. The emergence of the MRI-enabled implantable cardioverter defibrillator is also expected to contribute to the market revenue growth.
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It focuses on recent mergers and acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status and business base. consumers.
The main objective of the report is to offer in-depth details about market size, revenue growth and overall market dynamics to readers, stakeholders and businesses to enhance their share in the global Cardiac Defibrillators market implantable.
Major companies operating in the market are Boston Scientific Corporation, Abbott Laboratories, Biotronik, Medtronic PLC, LivaNova PLC, MicroPort, Sorin Group, Koninklijke Philips NV, Fukuda Denshi Co. Ltd. and Physio-Control, Inc.
The subcutaneous ICD (S-ICD) segment accounted for a significantly large revenue share in 2020. S-ICD has advantages over traditional systems, especially for younger patients in whom the risk of complications from device is extremely high. In addition, S-ICD poses no risk of pneumothorax or vascular injury. The S-ICD has aesthetic advantages due to its anatomical location despite its larger size.
The Hospitals and Clinics segment accounted for the largest share of revenue in 2020, as these facilities are the primary point of care for the treatment of heart disease, including cardiac arrest. Rising incidence of death due to cardiovascular disease is driving the revenue growth of this segment as hospitals have advanced medical infrastructure and treatment facilities.
The Asia-Pacific implantable cardioverter defibrillator market revenue is expected to continue to register a rapid revenue growth rate over the forecast period owing to rapid economic growth in countries such as India and China. The high adoption of implantable cardioverter defibrillators due to the emergence of a number of more advanced hospitals in developing countries is expected to contribute to the market revenue growth.
Regions like North America and Europe are the most stable market for polyolefins. These markets are relatively mature and are expected to experience stagnant growth. Asia-Pacific, on the other hand, holds strong growth potential in the coming years. China holds a major market share in the region and India is expected to be the fastest growing market.
The competitive analysis also includes a regional analysis of major geographic regions. The report covers regions such as North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. The report also offers country-wise analysis to better understand the global Implantable Cardiac Defibrillators market with respect to market share, market size, production and consumption ratio, product launches and R&D activities, investment opportunities and the presence of key players in the region. .
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The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region and presence. of key players in the region.
Emergen Research has segmented the global market for implantable cardioverter defibrillators on the basis of product type, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
Single chamber ICD
Dual chamber ICD
CRT-D (cardiac resynchronization therapy-defibrillator)
End-Use Channel Outlook (Revenue, USD Billion; 2018-2028)
Hospitals & Clinics
Ambulatory surgery centers
Summary of key points from the report:
The report offers a comprehensive overview of the market size, share, and growth rate over the forecast duration.
It provides details of the current scenario, historical data, giving an accurate forecast of the market for the coming years.
The study categorizes the market based on product types, applications, end-users, market value and volume, industry verticals, and 5 major regions.
It also offers regional market analysis and forecasts for the major geographies of the industry i.e. North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. .
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The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of major companies involved in the market. The report provides
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