The implantable loop recorder (ILR) is a small cardiac monitoring device capable of storing ECG data automatically in case of bradyarrhythmia or tachyarrhythmia. It is implanted under the skin where a pocket is created in the left side of breastbone. ILR is best used for the patients facing symptoms such as syncope, recurrent palpitations, skipped beats, light-headedness, or dizziness.
ILR market is in emerging state mainly due to the increase in heart diseases and rise in geriatric population. Furthermore, emerging applications across novel fields of clinical research of medical devices are expected to open new avenues in the ILR market. Also, the increase in government initiatives toward healthcare infrastructure in developing countries majorly drive the global ILR market. However, the device cost impedes the market growth.
The market is classified on the basis of end-users and geography. By end-users the market is bifurcated into clinics and hospitals. Geographically, the market is studied across North America, Europe, Asia Pacific, and LAMEA.
Top three strategies adopted by major market players of this market include product launches, collaborations and mergers and acquisitions over few years. Companies profiled in this report include Medtronic Inc. (U.S.), St. Jude Medical Inc. (U.S.), and Biotronik Inc. (Germany).
Key Market Benefits:
- The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the investment pockets.
- Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
- The report provides a quantitative analysis from 2016 to 2023, which enables stakeholders to capitalize on prevailing market opportunities.
- Extensive analysis of different segments facilitates to understand the various products of the market.
- Key players are profiled in this report and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.
Key Market Segments:
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East