#Global Implantable Cardioverter Defibrillator (ICD) Market Size

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Defibrillator Market 2024 Size, Share, Global Business Outlook and Demand Forecast by 2032

The global defibrillator market is experiencing unprecedented growth, driven by rising incidences of cardiovascular diseases and advancements in emergency medical care. According to a recent report from SNS Insider, the Defibrillator Market is projected to continue its robust expansion as healthcare systems around the world embrace new defibrillator technologies that improve response times and patient outcomes. This surge in demand reflects both the essential role of defibrillators in saving lives and the growing emphasis on preventive healthcare infrastructure across developed and developing nations.

Defibrillator Market Revenue is being propelled by a combination of factors, including technological advancements in defibrillation devices, government initiatives to promote cardiac care, and increased awareness of heart health. Automated external defibrillators (AEDs) have become more accessible and user-friendly, allowing non-medical personnel to deliver timely interventions in cases of sudden cardiac arrest (SCA). Additionally, innovations in wearable defibrillators and implantable cardioverter defibrillators (ICDs) offer promising options for high-risk patients, providing continuous monitoring and protection outside of hospital settings.

One key trend highlighted in the report is the increasing integration of artificial intelligence (AI) in defibrillator technology. AI-enabled devices are enhancing accuracy in detecting cardiac rhythms and delivering defibrillation shocks with minimal error. This not only improves patient survival rates but also opens the door to future AI applications in real-time data analytics, enabling healthcare providers to respond proactively to patient needs. Furthermore, portable defibrillators are now available in public places, such as airports, schools, and sports arenas, making life-saving devices accessible to a wider population.

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The demand for defibrillators is also supported by favorable government initiatives and policies, particularly in the United States and Europe. In the U.S., the Federal Aviation Administration (FAA) and public health organizations mandate the availability of AEDs in certain facilities, while European nations have adopted similar regulations to safeguard public health. These measures, coupled with increased investments in healthcare infrastructure in emerging economies, are creating a conducive environment for market growth. The defibrillator market is expected to see a rise in revenue as manufacturers innovate further to meet stringent regulations and quality standards.

The report also sheds light on the challenges facing the defibrillator industry, such as high device costs and regulatory complexities, which can impact the adoption of these life-saving devices. Nevertheless, major players in the market are working to address these issues by offering affordable solutions, developing devices with improved safety features, and ensuring compliance with regulatory standards across various regions.

Market Dynamics and Competitive Landscape

The competitive landscape of the defibrillator market is marked by a mix of established companies and emerging players, each vying to strengthen their foothold through technological innovations and strategic partnerships. Major market players are investing heavily in research and development (R&D) to create advanced defibrillators with longer battery lives, wireless connectivity, and enhanced shock delivery mechanisms. By offering products with unique features and greater efficiency, these companies are poised to capture a significant share of the growing market demand.

Furthermore, partnerships between defibrillator manufacturers and healthcare institutions are paving the way for innovations that are aligned with clinical requirements and patient needs. The trend of public-private partnerships, especially in regions with less-developed healthcare infrastructure, is expected to further boost market expansion by ensuring broader access to defibrillator technology.

Regional Outlook and Market Potential

The report provides a regional analysis of the defibrillator market, identifying North America as a key region due to its well-established healthcare system and high prevalence of cardiovascular diseases. Europe and Asia-Pacific are also significant markets, with Asia-Pacific expected to experience rapid growth owing to rising healthcare spending, increasing awareness about cardiac health, and improved accessibility of advanced medical technologies. Latin America, the Middle East, and Africa are also expected to contribute to the market's growth as defibrillator technology becomes more accessible and affordable in these regions.

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SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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Atrial Fibrillation Devices Market Opportunities, Statistics, COVID-19 Impact, and Forecast by 2032

Atrial fibrillation (AFib), a common heart rhythm disorder, affects millions globally and significantly increases the risk of stroke and other heart-related complications. Atrial fibrillation devices, including implantable cardioverter-defibrillators (ICDs), pacemakers, and catheter ablation systems, play a crucial role in managing and treating AFib. These devices help monitor, regulate, and restore normal heart rhythms, offering effective solutions for both preventive and corrective care. With advancements in technology, atrial fibrillation devices are now more sophisticated, offering real-time data tracking, remote monitoring, and patient-friendly interfaces, thereby improving quality of life for AFib patients.

The Atrial Fibrillation Devices Market size was valued at USD 4.34 Bn in 2023 and is expected to reach USD 16.78 Bn by 2031 and grow at a CAGR of 18.4% over the forecast period of 2024-2031.

Future Scope

The future of atrial fibrillation devices is closely tied to innovations in wearable technology, AI, and minimally invasive procedures. Enhanced remote monitoring capabilities are allowing healthcare providers to continuously track a patient’s heart rhythm, enabling early detection of irregularities and timely intervention. AI-driven analytics and predictive algorithms are also expected to revolutionize AFib management, offering tailored treatment approaches for each patient. Furthermore, as minimally invasive techniques advance, catheter ablation and other corrective procedures are becoming safer and more effective, reducing recovery times and improving patient outcomes.

Trends

Several trends are driving the growth and evolution of atrial fibrillation devices. The integration of digital health platforms allows patients and providers to monitor AFib conditions remotely, ensuring proactive management. Another major trend is the miniaturization of devices, which has led to the development of smaller, more comfortable implants. Battery technology improvements and wireless connectivity are also enhancing device functionality and usability. Lastly, the push towards personalized care is prompting device manufacturers to incorporate AI into atrial fibrillation solutions, enabling more precise, individualized treatment strategies.

Applications

Atrial fibrillation devices are vital in various applications, including heart rate management, rhythm correction, and early disease detection. Pacemakers and ICDs are commonly used to maintain a stable heart rhythm, while ablation catheters are utilized to correct irregular heartbeats by targeting the tissue causing the abnormal rhythm. Wearable devices are gaining popularity as a non-invasive option for continuous heart monitoring, providing patients and physicians with data that aids in risk assessment and prevention strategies. These applications underscore the versatility and importance of AFib devices in comprehensive heart care.

Key Points

Atrial fibrillation devices include ICDs, pacemakers, ablation catheters, and wearable monitors.

The future scope includes AI, remote monitoring, and minimally invasive technology advancements.

Trends include digital health integration, device miniaturization, and personalized care.

Applications cover heart rate management, rhythm correction, and disease monitoring.

Innovations in AFib devices are enhancing patient outcomes and treatment efficiency.

Conclusion

As the prevalence of atrial fibrillation continues to rise, AFib devices are becoming indispensable in modern healthcare, offering both preventive and corrective solutions for heart rhythm management. With continuous advancements in remote monitoring, AI integration, and patient-centric device designs, these devices are making it easier for patients to manage their condition effectively. Atrial fibrillation devices represent a critical tool in the quest to improve cardiac health, paving the way for safer, more efficient, and personalized care.

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Akash Anand — Head of Business Development & Strategy

Email: info@snsinsider.com

Phone: +1–415–230–0044 (US) | +91–7798602273 (IND) 

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Growth Drivers in the Defibrillators Market: An In-Depth Analysis

The global defibrillators market is poised for significant growth, with an estimated size of USD 7.32 billion in 2023. Projections indicate a robust compound annual growth rate (CAGR) of 8.1% from 2024 to 2030. Several factors are driving this upward trajectory, including increased product development initiatives, a rising incidence of sudden cardiac arrests, heightened awareness among the general public regarding cardiac health, and supportive measures from governments and healthcare organizations.

One noteworthy development occurred in May 2021, when Rapid Response Revival Research Ltd., an Australian firm, received a CE mark for its innovative CellAED. This device is recognized as the world’s first personal automated external defibrillator (AED) designed specifically for home use, which aligns with the company’s strategic objectives for growth. Such innovations reflect a broader trend of making defibrillation technology more accessible to the general populace, aiming to reduce the fatality rates associated with sudden cardiac events.

Another significant factor influencing the growth of the defibrillators market is the increasing global geriatric population. As individuals age, particularly those aged 65 and above, they become more susceptible to chronic diseases, notably cardiovascular diseases (CVDs). These conditions often necessitate the use of defibrillators to restore normal heart rhythms through electric shocks. A report published in November 2022, titled "Senior Population Statistics: A Portrait of Aging Americans," highlighted that approximately 54.1 million individuals in the United States, representing 16.3% of the population, are aged 65 years or older. This demographic trend underscores the growing demand for defibrillation devices, as healthcare systems strive to address the needs of an aging population.

Gather more insights about the market drivers, restrains and growth of the Defibrillators Market

Product Insights

In terms of product segmentation, implantable cardioverter defibrillators (ICDs) held a dominant market share of over 52.03% in 2023. Several key factors contribute to the growth of this segment, including the increasing adoption of these devices driven by the high prevalence of CVDs, a substantial geriatric population in major markets, and ongoing improvements in product technology by leading companies. For instance, Boston Scientific initiated the MODULAR ATP clinical trial in December 2021 to evaluate the safety, performance, and efficacy of its mCRM Modular Therapy System. This system comprises two cardiac rhythm management devices: the EMBLEM MRI subcutaneous implantable defibrillator (S-ICD) system and another component. The trial aims to thoroughly assess the functionalities of this innovative system.

This strategic initiative highlights Boston Scientific's commitment to enhancing cardiac rhythm management technologies through rigorous clinical evaluations. Furthermore, the external defibrillators segment is anticipated to exhibit the fastest growth rate from 2024 to 2030. This growth can be attributed to technological advancements and initiatives designed to enhance access to automated external defibrillators (AEDs) in public spaces. For example, in March 2023, Safe Life made a strategic acquisition of Coro Medical and AED.us, a company specializing in AED sales and services. This move aims to expand the availability of life-saving equipment and services across the United States, ultimately improving emergency response capabilities.

Overall, the combination of an aging population, increasing cardiovascular health issues, and innovative product developments is driving the defibrillators market forward, positioning it for substantial growth in the coming years.

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Arrhythmia Treatment Market Growth Strategies, Quality Assessment, and Trends by 2024-2031

The "Arrhythmia Treatment Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political, economic, social, technological, environmental, and legal factors. Expert opinions and recent developments highlight the geographical distribution and forecast the market's trajectory, ensuring a robust foundation for strategic planning and investment.

What is the projected market size & growth rate of the Arrhythmia Treatment Market?

Market Analysis and Size

Arrhythmia treatment are known to inhibit the expression of certain genes that is different from conventional medicine. In past years, innovative new oligonucleotides have been developed that are capable of targeting specific genes and treat chronic diseases.

Data Bridge Market Research analyses that the arrhythmia treatment market which was USD 7.64 billion in 2022, is expected to reach USD 11.06 billion by 2030, and is expected to undergo a CAGR of 7.67% during the forecast period. This indicates that the market value. “Surgery” dominates the treatment segment of the arrhythmia treatment market owing to an increase in the number of surgeries for arrythmia. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

This research report is the result of an extensive primary and secondary research effort into the Arrhythmia Treatment market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Arrhythmia Treatment Market.

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Which are the driving factors of the Arrhythmia Treatment market?

The driving factors of the Arrhythmia Treatment market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Arrhythmia Treatment across various industries further propel market expansion.

Arrhythmia Treatment Market - Competitive and Segmentation Analysis:

Global Arrhythmia Treatment Market, By Type (Supraventricular Arrhythmias, Ventricular Arrhythmias, Others), Drugs (Antiarrhythmic Drugs, Calcium Channel Blockers, Beta Blockers, Anticoagulants Agents and Others), Devices (Implantable Cardioverter-Defibrillator (ICD), Pacemaker, Cardiac Resynchronization Therapy (CRT) and Others), Treatment (Surgery, Drugs, Others), Mode of Administration (Injectable, Oral, Others), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), End-User (Hospitals, Homecare, Specialty Clinics, Others) – Industry Trends and Forecast to 2031.

How do you determine the list of the key players included in the report?

With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.

Which are the top companies operating in the Arrhythmia Treatment market?

Some of the major players operating in the arrhythmia treatment market are:

Pfizer Inc. (U.S.)

Sawai Pharmaceutical Co., Ltd (Japan)

Baxter  (U.S.)

Aurobindo Pharma (India)

Zydus Cadila (India)

WOCKHARDT (India)

Teva Pharmaceutical Industries Ltd (Israel)

Novartis AG (Switzerland)

Mylan N.V. (U.S.)

Sun Pharmaceutical Industries Ltd (India)

Fresenius Kabi AG (Germany)

GlaxoSmithKline plc (U.K.)

Arbor Pharmaceuticals (U.S.)

ANI Pharmaceuticals, Inc (U.S.)

Vintage Labs (U.S.)

Nexus Pharmaceuticals, Inc (U.S.)

AstraZeneca (U.K.)

Dr. Reddy’s Laboratories Ltd (India)

Acesion Pharma (Denmark)

Johnson & Johnson Services, Inc (U.S.)

InCarda Therapeutics, Inc. (U.S.),  

Short Description About Arrhythmia Treatment Market:

The Global Arrhythmia Treatment market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Arrhythmia Treatment. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.

Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.

Arrhythmia Treatment Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.

Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.

This report focuses on the Arrhythmia Treatment in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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What are your main data sources?

Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters

What are the key regions in the global Arrhythmia Treatment market?

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil, Argentina, Columbia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This Arrhythmia Treatment Market Research/Analysis Report Contains Answers to your following Questions

What are the global trends in the Arrhythmia Treatment market?

Would the market witness an increase or decline in the demand in the coming years?

What is the estimated demand for different types of products in Arrhythmia Treatment?

What are the upcoming industry applications and trends for Arrhythmia Treatment market?

What Are Projections of Global Arrhythmia Treatment Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

Where will the strategic developments take the industry in the mid to long-term?

What are the factors contributing to the final price of Arrhythmia Treatment?

What are the raw materials used for Arrhythmia Treatment manufacturing?

How big is the opportunity for the Arrhythmia Treatment market?

How will the increasing adoption of Arrhythmia Treatment for mining impact the growth rate of the overall market?

How much is the global Arrhythmia Treatment market worth? What was the value of the market In 2020?

Who are the major players operating in the Arrhythmia Treatment market? Which companies are the front runners?

Which are the recent industry trends that can be implemented to generate additional revenue streams?

What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Arrhythmia Treatment Industry?

Customization of the Report

Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

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Detailed TOC of Global Arrhythmia Treatment Market Insights and Forecast to 2031

Introduction

Market Segmentation

Executive Summary

Premium Insights

Market Overview

Arrhythmia Treatment Market By Type

Arrhythmia Treatment Market By Function

Arrhythmia Treatment Market By Material

Arrhythmia Treatment Market By End User

Arrhythmia Treatment Market By Region

Arrhythmia Treatment Market: Company Landscape

SWOT Analysis

Company Profiles

Continued...

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Data Bridge Market Research:

Today's trends are a great way to predict future events!

Data Bridge Market Research is a market research and consulting company that stands out for its innovative and distinctive approach, as well as its unmatched resilience and integrated methods. We are dedicated to identifying the best market opportunities, and providing insightful information that will help your business thrive in the marketplace. Data Bridge offers tailored solutions to complex business challenges. This facilitates a smooth decision-making process. Data Bridge was founded in Pune in 2015. It is the product of deep wisdom and experience.

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Forecasting the Size of Long QT Syndrome Market

Market Overview –

The long QT syndrome market is anticipated to grow at a 5.2% CAGR from 2022 to 2030, or USD 3,933.02 million.

The Long QT Syndrome (LQTS) market encompasses medical interventions and devices designed to diagnose, treat, and manage this cardiac disorder characterized by abnormal heart rhythms. LQTS increases the risk of sudden cardiac arrest or arrhythmias, posing serious health threats. The market includes genetic testing, medications, implantable cardioverter-defibrillators (ICDs), and lifestyle modifications aimed at reducing the risk of life-threatening events.

The Long QT Syndrome market is characterized by advancements in understanding and managing this cardiac disorder. With a focus on long QT disorder, healthcare providers emphasize early diagnosis and personalized treatment approaches to mitigate the risk of life-threatening arrhythmias. As awareness grows, there's a rising demand for innovative therapies and genetic testing, driving market growth and research endeavors.

A key driver of the Long QT Syndrome market is the growing awareness of inherited cardiac disorders and advances in genetic testing technology. Early detection through genetic screening allows for timely interventions, such as medication adjustments or implantation of ICDs, to prevent cardiac events and improve patient outcomes.

Advancements in medical devices, such as miniaturized ICDs and wearable cardiac monitors, have revolutionized the management of Long QT Syndrome. These devices provide continuous monitoring and early detection of arrhythmias, offering peace of mind to patients and caregivers while improving overall safety.

The COVID-19 pandemic has impacted the Long QT Syndrome market, with disruptions in routine medical care, delayed diagnoses, and challenges in accessing specialized cardiac services. However, telemedicine and remote monitoring technologies have emerged as valuable tools in managing Long QT Syndrome, enabling patients to receive timely care and support from healthcare providers.

Segmentation –

The global long QT syndrome market is segmented on the basis of type, diagnosis, treatment, and end users. On the basis of the type, the market is segmented into long QT syndrome type 1, long QT syndrome type 2, long QT syndrome type 3, and others.  On the basis of the diagnosis, the market is categorized into tests, electrocardiogram (ECG), genetic testing, and others.

On the basis of the treatment, the market is segmented into medication, surgical procedures, and others.  On the basis of the end user, the market is segmented into hospitals & clinics, diagnostic labs, research organizations, and others.

Regional Analysis –

Regional analysis of the Long QT Syndrome (LQTS) market reveals variations in diagnosis rates, treatment options, and healthcare infrastructure across different regions. In developed regions like North America and Europe, where there is greater awareness of genetic disorders and access to specialized cardiac care, the market for LQTS diagnostics and management is well-established, with genetic testing, beta-blockers, and implantable cardioverter-defibrillators (ICDs) being standard of care.

Conversely, in developing regions with limited access to advanced cardiac diagnostics and therapies, such as parts of Africa and Asia-Pacific, the market for LQTS is still emerging, with challenges related to underdiagnosis and limited treatment options. Moreover, cultural attitudes towards genetic testing and preventive healthcare influence patient behaviors and healthcare-seeking patterns across different regions. As awareness of LQTS and its genetic basis increases globally, there is a growing opportunity for market expansion through education, advocacy, and investment in cardiac care infrastructure to improve outcomes for LQTS patients worldwide.

Key Players –

Long QT syndrome key players include Invitae Corporation (U.S.), GeneDx (U.S.), Asper Biogene (Estonia), Boston Scientific Corporation (U.S.), Laboratory Corporation of America Holdings (U.S.), Pfizer Inc. (U.S.), Zydus Pharmaceuticals, Inc. (U.S.), Aralez Pharmaceuticals Inc. (Canada), AstraZeneca (U.K.), Torrent Pharmaceuticals Limited (India), Lupin Pharmaceuticals, Inc. (U.S.), Cipla Inc. (India), Mylan N.V. (U.S.), Teva Pharmaceutical Industries Ltd. (Israel), and others.

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Navigating the Cardiovascular Landscape: Trends, Technologies, and Transformations

The cardiovascular field stands at the forefront of medical innovation, with dynamic growth in various sectors, including cardiovascular devices, drugs, diagnostics, and safety services. In this blog, we will explore the multifaceted landscape of the cardiovascular market, uncovering market trends, major players, and the pivotal role of technological advancements in reshaping cardiovascular healthcare.

Cardiovascular Devices Market: A Dynamic Frontier

Market Size and Demand:

The global cardiovascular devices market is undergoing significant expansion, with a projected valuation of USD 65.4 billion by 2025. This growth is propelled by a surge in demand for cutting-edge technologies aimed at addressing cardiovascular diseases, which remain a leading cause of morbidity and mortality worldwide.

Innovation Driving Market Dynamics:

Innovative cardiovascular devices, such as implantable cardioverter-defibrillators (ICDs), transcatheter heart valves, and wearable cardiac monitors, are redefining the landscape. The demand for these advanced technologies underscores the industry's commitment to providing more efficient and patient-friendly solutions.

Cardiovascular Drugs Market: A Pillar of Therapeutic Advancements

Market Size and Major Players:

The cardiovascular drugs market, valued at USD 83.95 billion in 2020, is anticipated to witness a compound annual growth rate (CAGR) of 4.3% from 2021 to 2028. Key players, including Pfizer, Novartis, and AstraZeneca, continue to drive innovation in pharmaceutical interventions for cardiovascular diseases, contributing significantly to market growth.

Focus on Cardiovascular Disease Drugs:

With an increasing prevalence of cardiovascular diseases, there is a growing focus on the development of drugs targeting specific cardiovascular conditions. This includes medications addressing hypertension, dyslipidemia, and heart failure, among others.

Cardiovascular Diagnostic Devices Market: Precision in Diagnosis

Market Research Reports and Industry Trends:

The cardiovascular diagnostic devices market is evolving rapidly, with a projected CAGR of 5.4% from 2021 to 2026. Comprehensive industry research reports highlight emerging trends such as the integration of artificial intelligence (AI) in diagnostic tools, offering precision and efficiency in cardiovascular disease diagnosis.

Cardiac Safety Services Market: Ensuring Patient Well-being

Ensuring Safety in Cardiovascular Therapies:

Cardiac safety services have become integral to the development and monitoring of cardiovascular drugs. These services play a crucial role in assessing and managing potential cardiac risks associated with pharmaceutical interventions, ensuring patient safety throughout the drug development process.

Cardiovascular Surgery Market: Advancing Surgical Interventions

Technological Innovations in Surgery:

The cardiovascular surgery market is witnessing transformative advancements, with minimally invasive procedures, robotic-assisted surgeries, and innovative surgical devices leading the way. These developments aim to enhance patient outcomes, reduce recovery times, and improve overall surgical experiences.

Conclusion: Navigating the Future of Cardiovascular Health

In conclusion, the cardiovascular landscape is undergoing a paradigm shift fueled by technological innovations, dynamic market trends, and the tireless efforts of industry leaders. As cardiovascular devices, drugs, and diagnostics continue to evolve, the collective goal remains clear – to improve patient outcomes, enhance diagnostic precision, and reduce the global burden of cardiovascular diseases. The collaborative efforts of major players, coupled with ongoing research and development, promise a future where cardiovascular health is at the forefront of medical progress.

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Cardiac Rhythm Management (CRM) Devices Market Size, Share and Forecast

The Cardiac Rhythm Management (CRM) Devices Market refers to the global market for medical devices designed to manage and regulate the electrical activity of the heart. These devices are used to treat various cardiac rhythm disorders, including conditions like arrhythmias, atrial fibrillation, and heart failure.

CRM devices can be broadly categorized into three main types:

Implantable Cardioverter Defibrillators (ICDs): These devices are implanted under the skin, typically in the chest area. They monitor the heart's rhythm and can deliver electrical shocks to restore a normal rhythm in case of dangerous irregularities.

Pacemakers: These are also implanted under the skin, usually in the chest. Pacemakers help regulate the heart rate by sending electrical signals to the heart muscle, ensuring it beats at a regular and steady pace.

Cardiac Resynchronization Therapy (CRT) Devices: These devices are a specialized form of pacemaker that are used to treat heart failure. They work by coordinating the contractions of the heart's left and right ventricles to improve its pumping efficiency.

Factors driving the CRM devices market include:

Increasing Prevalence of Cardiovascular Diseases: As the global population ages and lifestyles change, the incidence of cardiovascular diseases is on the rise, creating a growing market for CRM devices.

Technological Advancements: Advances in medical technology have led to the development of more sophisticated and effective CRM devices, driving demand.

Growing Awareness and Diagnosis Rates: Increased awareness of cardiac rhythm disorders and improved diagnostic capabilities are leading to more patients being identified as candidates for CRM devices.

Expanding Healthcare Infrastructure: Developing regions are witnessing an expansion of healthcare facilities, leading to greater accessibility and adoption of CRM devices.

Government Initiatives and Reimbursement Policies: Supportive government policies and reimbursement programs for cardiac procedures contribute to market growth.

Emerging Markets: The CRM devices market is also benefiting from increasing healthcare spending in emerging economies.

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Defibrillator Market Size, Share, Demand Analysis: 2028

Defibrillator Market, by Product Type (Implantable Cardioverter Defibrillator and External Defibrillator), Patient Type (Adult, Paediatric), End Users, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

The global defibrillators market is projected to reach USD 11.4 billion in 2021, at a CAGR of 10.7% from 2021-2028.

Defibrillators are devices used to deliver therapeutic shock to a patient’s heart in life-threatening conditions such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia. The defibrillation procedure encompasses delivery of an electric shock to the heart, which depolarizes heart muscles and restores its normal electric impulse.

The rising prevalence of target diseases, growing focus on providing public-access defibrillators, and training and awareness programs on defibrillators are some of the factors that have supported long-term expansion for Defibrillators Market.

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Regional Analysis

The Asia Pacific region is expected to register the highest growth during the forecast period. The Asia Pacific is segmented into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific, including Malaysia, Taiwan, Singapore, and New Zealand.

Key Players

Asahi Kasei Corporation

Stryker Corporation

Biotronik SE & Co. KG

Boston Scientific Corporation

Philips Healthcare

LivaNova PLC

Medtronic plc

Cardiac Science Corporation

Nihon Kohden Corporation

St. Jude Medical, Inc.

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Recent Developments

In July 2020, Abbott received FDA approval for its next generation ICDs and CRT-Ds under the brand name Gallant.

In June 2020, Koninklijke Philips received FDA pre-market approval for Heart Start FR3 and Heart Start FRX AED

Reasons to Acquire

Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

Gain authentic and granular data access for Defibrillators Market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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Report Scope:

Defibrillators Market is segmented into type, patients’ type, end user and region.

On the basis of Type

Implantable cardioverter defibrillators

Transvenous implantable cardioverter defibrillators

Subcutaneous implantable cardioverter defibrillators

External defibrillators

Manual & semi-automated external defibrillators

Fully automated external defibrillators

Wearable cardioverter defibrillators

On the basis of Patient’s Type  

Adults

Paediatrics

On the basis of End-User  

Implantable cardioverter defibrillators

Transvenous implantable cardioverter defibrillators

Subcutaneous implantable cardioverter defibrillators

External defibrillators

Manual & semi-automated external defibrillators

Fully automated external defibrillators

Wearable cardioverter defibrillators

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

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Implantable Cardioverter Defibrillators Market Outlook, 2023-2033

Implantable Cardioverter Defibrillators (ICDs) have revolutionized the treatment and management of life-threatening cardiac arrhythmias. These small, battery-powered devices are surgically implanted under the skin to monitor and regulate the heart's rhythm. They deliver electrical shocks when abnormal heart rhythms are detected, restoring the heart's normal function. The global market for implantable cardioverter defibrillators is expected to witness significant growth between 2023 and 2033. This article delves into the market outlook, advancements, challenges, and future prospects of implantable cardioverter defibrillators.

Cardiovascular diseases, including arrhythmias, are a leading cause of death globally. Implantable Cardioverter Defibrillators (ICDs) have emerged as a breakthrough technology in the management of cardiac arrhythmias. These devices monitor the heart's electrical activity and deliver corrective shocks when irregular rhythms, such as ventricular tachycardia or ventricular fibrillation, occur. The implantable cardioverter defibrillators market has witnessed significant growth in recent years and is poised for further expansion in the coming decade.

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2. Implantable Cardioverter Defibrillators: An Overview

Implantable Cardioverter Defibrillators are small, lightweight devices that consist of a pulse generator and one or more leads. The pulse generator contains a battery and electronics that monitor the heart's electrical activity. The leads are inserted into the heart and detect abnormal rhythms. When a potentially life-threatening arrhythmia is detected, the ICD delivers an electrical shock to restore the heart's normal rhythm. These devices have been proven to save countless lives and reduce the risk of sudden cardiac death.

3. Market Analysis

Market Size and Growth Potential

The global market for implantable cardioverter defibrillators is projected to experience substantial growth from 2023 to 2033. The increasing prevalence of cardiovascular diseases, advancements in device technology, and growing awareness among patients and healthcare professionals are key factors driving this market expansion. Additionally, the rising geriatric population, which is more prone to heart diseases, contributes to the market's growth potential.

Market Segmentation

The market for implantable cardioverter defibrillators can be segmented based on product type, end-user, and geography. Product types include transvenous ICDs, subcutaneous ICDs, and leadless ICDs. End-users primarily include hospitals, cardiac clinics, and ambulatory surgical centers. Geographically, North America holds a significant market share, followed by Europe and the Asia Pacific region.

Key Players

Several prominent players operate in the implantable cardioverter defibrillators market. These include Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, BIOTRONIK SE & Co. KG, and LivaNova PLC. These companies focus on research and development, strategic collaborations, and product innovations to maintain their market position and gain a competitive edge.

4. Technological Advancements

Advancements in implantable cardioverter defibrillator technology have contributed to improved patient outcomes and enhanced device performance. Manufacturers are constantly investing in research and development to introduce smaller, more efficient, and user-friendly devices. Some notable advancements include leadless ICDs, wireless monitoring systems, and algorithms that enhance the accuracy of arrhythmia detection and minimize unnecessary shocks. These technological breakthroughs have significantly impacted the market landscape and are expected to drive further growth.

5. Rising Prevalence of Cardiovascular Diseases

The prevalence of cardiovascular diseases, including arrhythmias, continues to rise globally. Factors such as sedentary lifestyles, unhealthy dietary habits, and increasing stress levels contribute to the growing burden of heart diseases. Implantable cardioverter defibrillators play a crucial role in managing and treating these conditions, thereby driving the demand for these devices.

6. Government Initiatives and Support

Governments worldwide are taking initiatives to improve cardiac healthcare infrastructure and raise awareness about cardiovascular diseases. Increased funding for research and development, favorable reimbursement policies, and regulatory support have positively influenced the implantable cardioverter defibrillators market. These efforts aim to reduce the burden of cardiac diseases and enhance patient outcomes.

7. Challenges and Limitations

While implantable cardioverter defibrillators offer significant benefits, there are challenges and limitations that need to be addressed. Device-related complications, such as infections and lead fractures, can occur. Battery life is another concern, as it determines the lifespan of the device. Additionally, high costs associated with implantation procedures and ongoing device maintenance can pose challenges, particularly in developing regions.

8. Future Trends and Opportunities

The future of implantable cardioverter defibrillators holds promising opportunities for market growth. Technological advancements will continue to drive innovation, leading to the development of more sophisticated and efficient devices. The integration of artificial intelligence and machine learning algorithms into ICDs may enhance their accuracy in detecting arrhythmias and personalizing therapy. Moreover, the emergence of remote monitoring and telehealth solutions may revolutionize the follow-up care and monitoring of patients with ICDs.

9. Conclusion

Implantable Cardioverter Defibrillators have transformed the landscape of cardiac arrhythmia management. With the rising prevalence of cardiovascular diseases and advancements in device technology, the implantable cardioverter defibrillators market is set to witness substantial growth in the coming years. However, challenges such as complications, costs, and battery life need to be addressed to ensure optimal patient outcomes. The future holds immense potential for further innovation, personalized therapy, and improved patient care.

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Cardiac Implants Market Future Growth, Scope, Price, and Forecast 2032

Cardiac implants have revolutionized the treatment and management of cardiovascular diseases, offering life-saving solutions for individuals suffering from heart conditions such as arrhythmias, heart failure, and structural heart defects. These devices, which include pacemakers, defibrillators, ventricular assist devices (VADs), and heart valves, work by restoring normal heart function or supporting weakened heart muscles. Cardiac implants are essential in reducing mortality rates and improving the quality of life for millions of patients globally. The rise in technological innovations has further improved the functionality, durability, and safety of these implants, making them more effective and accessible.

The Cardiac Implants Market size was valued at USD 24 Bn in 2022 and is expected to reach USD 38.25 Bn in 2030 and grow at a CAGR of 6.0% over the forecast period of 2023-2030.

Future Scope

The future of cardiac implants is expected to be driven by advancements in miniaturization, biocompatibility, and wireless technology. Miniaturized cardiac implants, such as leadless pacemakers and wearable defibrillators, are gaining traction due to their ease of implantation and reduced risk of complications. Additionally, the integration of wireless technology will enable remote monitoring of cardiac implants, allowing healthcare providers to track patient health in real-time and make necessary adjustments without requiring invasive procedures. Future developments in regenerative medicine, such as tissue-engineered heart valves and bioresorbable materials, will further enhance the durability and long-term effectiveness of cardiac implants.

Trends

Several trends are shaping the development and adoption of cardiac implants. One significant trend is the growing demand for leadless pacemakers and smaller, more efficient implantable cardioverter-defibrillators (ICDs). These devices reduce the risk of infection and lead displacement while offering more comfort to patients. Another trend is the increasing use of remote monitoring systems, allowing doctors to remotely track the performance of devices such as pacemakers and defibrillators. The integration of artificial intelligence (AI) into cardiac implant technology is also a growing trend, enabling predictive analytics for early detection of potential complications. Furthermore, the use of minimally invasive procedures to implant devices like transcatheter heart valves is expanding, reducing recovery times and improving outcomes for patients.

Applications

Cardiac implants are critical in managing a variety of heart conditions. Pacemakers help regulate abnormal heart rhythms, while defibrillators deliver electrical shocks to restore normal heartbeat during life-threatening arrhythmias. Ventricular assist devices (VADs) support weakened heart muscles, acting as a bridge to heart transplantation or as a long-term solution for heart failure patients. Artificial heart valves are used to replace damaged or diseased valves, ensuring proper blood flow through the heart. These devices are widely used in hospitals and cardiac centers around the world, offering both emergency and long-term solutions for patients with severe heart conditions.

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Key Points

Cardiac implants include pacemakers, defibrillators, ventricular assist devices, and artificial heart valves.

Advancements in miniaturization and wireless technology are improving the effectiveness of cardiac implants.

Leadless pacemakers and wearable defibrillators are gaining popularity due to reduced complications.

AI integration allows for predictive analytics and real-time remote monitoring.

Minimally invasive procedures for implanting cardiac devices are becoming more common.

Conclusion

Cardiac implants continue to play a crucial role in improving patient outcomes for individuals with cardiovascular diseases. With ongoing innovations in miniaturization, AI integration, and wireless monitoring, the future of cardiac implants promises to offer even safer and more effective treatment options. As these technologies evolve, they will not only enhance patient care but also reduce complications and improve the quality of life for millions of heart patients worldwide.

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Cardiac Rhythm Management (CRM) Devices Market: Competitive Landscape and Key Product to 2026

A technique involving implantation of a device in the upper chest and connected to the heart to control both fast and slow heart rhythms by using electrical pulses is called as cardiac rhythm management (CRM), and the device is called as cardiac rhythm management device. CRM devices execute numerous functions, such as arrhythmias monitoring, cardiac resynchronization for heart failure, bradycardia pacing, defibrillation and anti-tachycardia pacing for tachyarrhythmias.

The Global Cardiac Rhythm Management (CRM) Devices Market valued at $10.8 billion (2021) is set to witness a growth rate of 8% in the next 5 years. Rising occurrence of cardiovascular diseases (CVDs), increasing geriatric population prone to CVDs, development of technologically advanced products, and growing adoption of sedentary lifestyle among general population are some of the key factors driving the Global Cardiac Rhythm Management (CRM) Devices Market.

Technological advancements in CRM devices to fuel its Cardiac Rhythm Management (CRM) Devices Market demand

Continuous advances in CRM have enabled to develop efficient devices with increased battery longevity, smaller size, Bluetooth enabled, and MRI-compatible, among others. Such advancements tend to provide competitive edge to manufacturers and therefore, major players are continuously focusing on new product development to strengthen their positions in cardiac rhythm management (CRM) devices market. Some of the technological advancements are listed below:

In May 2022, MicroPort CRM received approval from China’s National Medical Products Administration (NMPA) for its Platinium implantable cardioverter defibrillator (ICD), with an expected lifespan of 13-14 years reducing the risks associated with frequent replacements

In April 2022, Abbott’s Aveir single-chamber (VR) leadless pacemaker has received the U.S. Food and Drug Administration (FDA) approval for the treatment of patients with slow heart rhythms in the U.S.

In January 2022, Medtronic plc received approval from Ministry of Health, Labor and Welfare, Japan to sell and reimburse its Micra AV Transcatheter Pacing System (TPS), one of the world’s smallest pacemakers

In July 2020, Abbott received the U.S. Food and Drug Administration (FDA) approval for its Gallant implantable cardioverter defibrillator (ICD) and cardiac resynchronization therapy defibrillator (CRT-D) devices that offer MRI compatibility and increased battery longevity

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Increasing prevalence of cardiovascular diseases (CVDs) to boost adoption of Cardiac Rhythm Management (CRM) Devices Market

Cardiovascular diseases are one of the foremost causes of death across the globe. Coronary heart disease, cerebrovascular disease, rheumatic heart disease, and other illnesses are among the group of heart and blood vessel disorders known as CVDs. Heart attacks and strokes account for more than four out of every five deaths caused by CVDs, and one third of these deaths happen before the age of 70.   

According to WHO, 32% of all deaths across the globe i.e., 17.9 million people die due to CVD every year

As per CDC,

o   659,000 people in the US die from heart disease every year; heart diseases costs $363 billion each year in the US which includes cost of medicines and healthcare services

o   Coronary heart disease alone killed 360,900 people in 2019 in the US and over 18.2 million adults suffering from coronary artery disease live in the US

   According to European Heart Network, CVDs account for over 3.9 million deaths every year in the European region, out of which over 1.8 million deaths occur in the European Union (EU)

      In 2019, the mortality rate of CVDs in China was 364.5 per 100,000 population

Furthermore, rising geriatric population prone to heart defects due to progressive deterioration in the structure and function of the heart, largely contributes to the high burden of CVDs; thereby triggering the increased adoption of CRM devices.

Competitive Landscape Analysis of Cardiac Rhythm Management (CRM) Devices Market

The global cardiac rhythm management (CRM) devices market is marked by the presence of key players such as Medtronic (Ireland); Boston Scientific Corporation (US); Abbott Laboratories (US); BIOTRONIK SE & Co. KG (Germany); Stryker Corporation (US); Koninklijke Philips N.V. (Netherlands); and others.

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Global Defibrillator Devices and Equipment Market Competitive Strategies and Forecasts to 2031

The Defibrillator Devices and Equipment Global Market Report 2021-31 by The Business Research Company describes and explains the global defibrillator devices and equipment market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.

The Defibrillator Devices and Equipment Global Market Report 2022 covers defibrillator devices and equipment market drivers, defibrillator devices and equipment market trends, defibrillator devices and equipment market segments, defibrillator devices and equipment market growth rate, defibrillator devices and equipment market major players, and defibrillator devices and equipment market size.

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The defibrillator devices and equipment market report provides in-depth analysis of the impact of COVID-19 on the global defibrillator devices and equipment industry along with revised market numbers due to the effects of the coronavirus and the expected defibrillator devices and equipment market growth numbers for 2022-2031.

The global defibrillator devices and equipment market size is expected to grow from $8.68 billion in 2021 to $9.73 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The global defibrillator devices market share is expected to grow to $14.40 billion in 2026 at a CAGR of 10.3%.

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Defibrillator Devices and Equipment Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

TBRC’s report covers the defibrillator devices and equipment market segments- 1) By Type: Implantable Defibrillators, External Defibrillators

2) By Implantable Defibrillator: Transvenous Implantable Cardioverter Defibrillator (T-ICDs), Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs), Cardiac Resynchronization Therapy- Defibrillator (CRT-D), Single and Dual Chamber

3) By External Defibrillator: Manual External Defibrillator (MEDs), Automated External Defibrillator (AEDs), Wearable Cardioverter Defibrillator (WCDs)

4) By End-User: Hospitals, Pre-Hospitals, Public Access Market, Alternate Care Market, Home Healthcare

Table Of Contents

1. Executive Summary

2. Defibrillator Devices And Equipment Market Characteristics

3. Defibrillator Devices And Equipment Market Trends And Strategies

4. Impact Of COVID-19 On Defibrillator Devices And Equipment

5. Defibrillator Devices And Equipment Market Size And Growth

.

.

26. Africa Defibrillator Devices And Equipment Market

27. Defibrillator Devices And Equipment Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Defibrillator Devices And Equipment Market

29. Defibrillator Devices And Equipment Market Future Outlook and Potential Analysis

30. Appendix

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Implantable Cardioverter Defibrillator Market Study Report Based on Size, Shares, Opportunities, Industry Trends and Forecast to 2028

The study on the Global Implantable Cardioverter Defibrillator Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Implantable Cardioverter Defibrillator market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Implantable Cardioverter Defibrillator industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Implantable Cardioverter Defibrillator industry

The global Implantable Cardioverter Defibrillator (ICD) market size is expected to reach USD 8.81 Billion at a steady CAGR of 2.7% in 2028, according to latest analysis by Emergen Research. The market for implantable cardioverter defibrillators is growing due to an increase in prevalence of cardiac diseases. Surge in risk factors such as obesity and rise in sedentary lifestyle are other key factors driving the growth of ICD market.

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 via wires to fix heart arrhythmias. Rising prevalence of cardiovascular diseases and increase in global geriatric population are factors fueling growth of the market to a significant extent. Emergence of MRI-compatible implantable cardioverter defibrillator is also expected to contribute to market revenue growth. Upsurge in adoption of subcutaneous ICDs due to various benefits is also expected to fuel market revenue growth.

Browse complete report description and visit our website @ https://www.emergenresearch.com/industry-report/implantable-cardioverter-defibrillator-market

Geographical Segmentation:

The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Implantable Cardioverter Defibrillator Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyses the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Major companies operating in the market include Boston Scientific Corporation, Abbott Laboratories, Biotronik, Medtronic PLC, LivaNova PLC, MicroPort, Sorin Group, Koninklijke Philips N.V., Fukuda Denshi Co. Ltd., and Physio-Control, Inc.

Market Taxonomy:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2:

Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3:

Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4:

Company Profile

Business Overview

Financial Data

Product Landscape

Emergen Research has segmented the global implantable cardioverter defibrillator market on the basis of product type, end-use, and region:

Product Type Outlook (Revenue, USD Billion; 2018–2028)

Transvenous ICD

Subcutaneous ICD

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

Others

Radical Features of the Implantable Cardioverter Defibrillator Market Report:

The report encompasses Implantable Cardioverter Defibrillator market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements

An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently

Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies

Supply chain analysis along with technological advancements offered in the report

The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Implantable Cardioverter Defibrillator industry

Thank you for reading our report. Customization of the report is available. To know more, please connect with us, and our team will ensure the report is customized as per your requirements.

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Insights on the Defibrillator Market to 2028 | The Insight Partners

According to our latest study, titled "Defibrillator Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product type and End user," the market is projected to reach US$ 14,876.95 million by 2028 from US$ 10,478.31 million in 2021. It is estimated to grow at a CAGR of 5.1% from 2021 to 2028. The report highlights the key factors influencing the market growth and prominent players and their strategies.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis –

Based on the End user, the defibrillator market has been segmented into, Hospitals and Clinics, Prehospital Care, Public Access, Home Care Settings, and Alternate Care Facilities. The Hospitals and Clinics segment is likely to account for a larger market share in 2021. However, the prehospital care segment is expected to register a higher CAGR in the market during the forecast period. Emergency medical services (EMS) responders, who are the first health care providers on the site of a crisis, provide prehospital care. EMS workers are often the first to realize the nature of a crisis and are able to assess the situation and establish the need for resources, particularly medical resources immediately. These licensed/certified personnel may be the first to use crisis standards of care (CSC), and they are key participants in local and state efforts to develop and implement coordinated and integrated CSC plans. Thus, systems that deploy First Responders (FRs) have been developed all over the world to boost the likelihood of prompt cardiopulmonary resuscitation (CPR) and rapid defibrillation with an AED during the emergency cases such as stroke, cardiac arrest, and others.

Medtronic, Abbott, Boston Scientific Corp., Zoll Medical Corp., KONINKLIJKE PHILIPS N.V., Biotronic, Inc., Progetti srl, Shenzhen Mindray Biomedical Electronics Co., Ltd., Nihon Kohden Corp are the leading companies operating in the defibrillator market.

Based on the product type, the defibrillator market is segmented into, Implantable cardioverter defibrillator, and External. The implantable cardioverter defibrillator segment is sub segmented into, transverse ICD and subcutaneous ICD. Moreover, the external segmented is further sub segmented as, Fully Automated External Defibrillators, manual, wearable. The Implantable cardioverter defibrillator segment is expected to hold the largest share of 68.80% of the defibrillator market in 2021. An implantable cardioverter-defibrillator (ICD) is a small battery-powered device that detects and stops irregular heartbeats (arrhythmias) in the chest.  An ICD continuously monitors the heartbeat and, if necessary, administers electric shocks to restore normal heart rhythm. ICDs are used to avoid sudden death in patients undergoing from fibrillation or persistent ventricular tachycardia. ICDs can help avert cardiac arrest in patients who are at high risk of life-threatening arrhythmias.

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Several factors, such as the increasing prevalence of cardiovascular disorders along with surge in training and awareness programs on cardiopulmonary resuscitation and automated external defibrillators. However, cost and performance issues related to implantable and automated external defibrillators is expected to hamper market growth. Cardiovascular diseases (CVDs) are the leading cause of morbidity and mortality globally. The World Health Organization (WHO) estimates 17.9 million lives are lost due to CVDs, i.e., 32% of all deaths are reported globally every year. Four out of five CVD-related mortalities are due to heart attacks and strokes. Unhealthy lifestyles habits, including tobacco consumption, poor diet, obesity, physical inactivity, and excess alcohol consumption, are the leading causes of CVDs.

The Defibrillator Market Has Been Segmented as Follows:

The defibrillator market is analyzed on the basis of the product type and end user. Based on the product type, the defibrillator market is segmented into Implantable cardioverter defibrillator, and External. The implantable cardioverter defibrillator segment is sub segmented into, transverse ICD and subcutaneous ICD. Moreover, the external segment is further sub segmented as, Fully Automated External Defibrillators, manual, wearable. Based on the end user, the defibrillator market has been segmented into Hospitals and Clinics, Prehospital Care, Public Access, Home Care Settings, and Alternate Care Facilities

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Implantable Cardioverter Defibrillator Market Size, Revenue Share, Growth Factors, Trends, Analysis & Forecast Till 2027

According to MRFR analysis, the global implantable cardioverter defibrillator market size is expected to register a CAGR of 5.96% during the forecast period. Implantable Cardioverter Defibrillator (ICD) is used to record the heart's activity and treat dangerous ventricular arrhythmias with an electrical shock or pulse to the heart. Factors such as the growing aging population, changing lifestyles such as smoking and alcohol consumption, and the increase in demand for cardiac implants are responsible for the increasing prevalence of cardiac arrhythmias globally. This is likely to fuel the growth of the ICD market during the forecast period. In addition to this, improving efficacy of ICDs for the treatment of cardiac diseases over a period will also fuel the market. According to the American Heart Association, approximately 1.5 million cases of myocardial infarction occur annually, and the incidence rate is approximately 600 cases per 100,000 people in the US. According to the American College of Cardiology Foundation, sudden cardiac arrest (SCA) is also one of the leading causes of death worldwide and is responsible for 250,000 to 450,000 deaths per year in the US. Also, coronary artery disease is a major risk factor for sudden cardiac arrest (SCA).

The global implantable cardioverter defibrillator (ICD) market is currently dominated by numerous market players. The key players are involved in new product launches and strategic collaborations to strengthen their market positions. For instance, in May 2019, the US Food and Drug Administration (FDA) has approved Boston Scientific's Emblem S-ICD that is used in the treatment of cardiovascular diseases. Through this approval, Boston Scientific focuses on strengthening its position in the US ICD market. Medtronic is developing Extravascular (EV) ICD system, an innovative subcutaneous implantable defibrillator ICD that is designed to terminate arrhythmias, post-shock pacing to protect from sudden cardiac arrest, and temporary back-up bradycardia pacing.

Segmentation

By Type

Regular ICD: Holdsthe highest share in the market due to the increasing occurrences and growing incidence rates of autoimmune diseases.

Cardiac Resynchronization Therapy Defibrillators (CRT-D): Holds the second-largest share in the market and is expected to grow at a moderate rate during the forecast period. The growth is mainly due to increasing cardiac arrests among patients, R&D by major players, and strategic partnerships

Subcutaneous-ICD (S-ICD): Holds the third-largest share in the market and is expected to grow at a steady rate in the market during the forecast period. New product launches, manufacturing facility expansion in emerging countries such as India, China, Brazil, and other emerging countries could drive the market.

Others: Covers accessories and small component parts of implantable cardioverter defibrillators. This segment holds the least share in the market.

By Indication

Myocardial Ischemia: Myocardial Ischemia is the largest as well as the fastest-growing segment by indication as ICDs are majorly used in the treatment of myocardial ischemia. Moreover, the prevalence rate of sudden cardiac arrests is rising. Myocardial ischemia is further segmented into symptomatic and asymptomatic.

Acute Myocardial Infarction: It is the second-largest segment in the market, and this condition is also commonly called a heart attack. Acute myocardial infarction is a life-threatening condition that occurs when blood flow to the heart muscle is abruptly cut off, causing tissue damage. It is the second-largest segment in the market by indication.

Electrolyte Imbalance and Drug Toxicity: It is the third-largest and fastest-growing segment in the market.

By End User

Hospitals & Clinics: This is the largest and fastest-growing market segment and is projected to grow well beyond the forecast period. Hospitals and clinics are primary care centers for individuals afflicted with type-1 diabetes and are also cost-effective. Moreover, in countries with government-funded healthcare and a high prevalence of type-1 diabetes, hospitals and clinics are the main treatment centers, which drives the growth of the segment.

Ambulatory Surgical Centers: A more specialized treatment option, a large number of specialty centers have established across the US and are being opened in developing nations such as India and China. This segment is growing due to the increased number of individuals afflicted with the condition and the higher returns on investment from specialty centers as compared to hospitals and clinics.

Others: The ease of availability and delivery of diabetes medication has led to patients opting for home treatment. The segment also covers old age homes as the geriatric population is highly susceptible to type-1 diabetes. The segment is expected to grow as awareness regarding the condition increases along with the ease of treatment.

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The ICD market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The ICDs market in the Americas is likely to hold a major share owing to the increased patient pool. The European ICD market has been sub-divided classified as Western Europe and Eastern Europe. The Western European market has further been classified categorized as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The ICD market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Asia-Pacific ICD market is projected to be the fastest-growing due to the increasing incidences of acute myocardial infarction and myocardial infraction, growing aging population, and changing lifestyle (smoking and alcohol consumption) in the region. The ICD market in the Middle East & Africa has been divided into the Middle East and Africa.

Key Players

Abbott Laboratories (US)

BIOTRONIK (Germany)

Boston Scientific Corporation (US)

Medtronic (Ireland)

MicroPort Scientific Corporation (China)

Koninklijke Philips N.V. (Netherlands)

Nihon Kohden Corporation (Japan)

Progetti Srl (Italy)

Fukuda Denshi Co., Ltd (Japan)

Getinge (Sweden)

ZOLL Medical Corporation (US)

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