Implantable Loop Recorder Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Implantable Loop Recorder is a type of heart-monitoring device that records the rhythm of the heart continuously for approximately 3 years. It records the electrical signals of the heart and allows remote monitoring with a small device that is inserted just beneath the skin of the chest.
MARKET DYNAMICS
The Implantable Loop Recorder Market is anticipated to grow in the forecast period owing to driving factors such rising prevalence of cardio-diseases, increasing geriatric population, emerging applications across novel fields of clinical research of medical devices and government initiatives towards a better healthcare infrastructure. Nevertheless, the high cost of the device and preference of traditional methods like ECG by the physicians due to lack of awareness may restrain the market growth during the forecast period.
MARKET SCOPE
The "Global Implantable Loop Recorder Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of Implantable Loop Recorder market with detailed market segmentation by Product, End User and geography. The global Implantable Loop Recorder market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Implantable Loop Recorder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Implantable Loop Recorder market is segmented on the basis of Product and End User. Based on Product the market is segmented as Auto recorders and Manual recorders. Based on End-User the market is segmented into Hospitals, Clinics and Ambulatory Surgical Centers.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Implantable Loop Recorder market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Implantable Loop Recorder market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Implantable Loop Recorder market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Implantable Loop Recorder market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Implantable Loop Recorder market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Implantable Loop Recorder market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Implantable Loop Recorder market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Implantable Loop Recorder market in these regions.
MARKET PLAYERSThe reports cover key developments in the Implantable Loop Recorder Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Implantable Loop Recorder Market are anticipated to lucrative growth opportunities in the future with the rising demand for Implantable Loop Recorder in the global market. Below mentioned is the list of few companies engaged in the Implantable Loop Recorder market.
The report also includes the profiles of key Implantable Loop Recorder market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Medtronic
- Schiller AG
- BioTelemetry, Inc
- Nihon Kohden Corporation
- Boston Scientific Corporation
- GE Healthcare
- Spacelabs Healthcare
- Koninklijke Philips N.V
- CardioNet, Inc
- St. Jude Medical, Inc
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Implantable Loop Recorder Market - By Product
1.3.2 Implantable Loop Recorder Market - By End User
1.3.3 Implantable Loop Recorder Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. IMPLANTABLE LOOP RECORDER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. IMPLANTABLE LOOP RECORDER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. IMPLANTABLE LOOP RECORDER MARKET - GLOBAL MARKET ANALYSIS
6.1. IMPLANTABLE LOOP RECORDER - GLOBAL MARKET OVERVIEW
6.2. IMPLANTABLE LOOP RECORDER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. IMPLANTABLE LOOP RECORDER MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. AUTO RECORDERS
7.3.1. Overview
7.3.2. Auto recorders Market Forecast and Analysis
7.4. MANUAL RECORDERS
7.4.1. Overview
7.4.2. Manual recorders Market Forecast and Analysis
8. IMPLANTABLE LOOP RECORDER MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
8.5. AMBULATORY SURGICAL CENTERS.
8.5.1. Overview
8.5.2. Ambulatory Surgical Centers. Market Forecast and Analysis
9. IMPLANTABLE LOOP RECORDER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Implantable Loop Recorder Market Overview
9.1.2 North America Implantable Loop Recorder Market Forecasts and Analysis
9.1.3 North America Implantable Loop Recorder Market Forecasts and Analysis - By Product
9.1.4 North America Implantable Loop Recorder Market Forecasts and Analysis - By End User
9.1.5 North America Implantable Loop Recorder Market Forecasts and Analysis - By Countries
9.1.5.1 United States Implantable Loop Recorder Market
9.1.5.1.1 United States Implantable Loop Recorder Market by Product
9.1.5.1.2 United States Implantable Loop Recorder Market by End User
9.1.5.2 Canada Implantable Loop Recorder Market
9.1.5.2.1 Canada Implantable Loop Recorder Market by Product
9.1.5.2.2 Canada Implantable Loop Recorder Market by End User
9.1.5.3 Mexico Implantable Loop Recorder Market
9.1.5.3.1 Mexico Implantable Loop Recorder Market by Product
9.1.5.3.2 Mexico Implantable Loop Recorder Market by End User
9.1.5.4 US Implantable Loop Recorder Market
9.1.5.4.1 US Implantable Loop Recorder Market by Product
9.1.5.4.2 US Implantable Loop Recorder Market by End User
9.2. EUROPE
9.2.1 Europe Implantable Loop Recorder Market Overview
9.2.2 Europe Implantable Loop Recorder Market Forecasts and Analysis
9.2.3 Europe Implantable Loop Recorder Market Forecasts and Analysis - By Product
9.2.4 Europe Implantable Loop Recorder Market Forecasts and Analysis - By End User
9.2.5 Europe Implantable Loop Recorder Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Implantable Loop Recorder Market
9.2.5.1.1 Germany Implantable Loop Recorder Market by Product
9.2.5.1.2 Germany Implantable Loop Recorder Market by End User
9.2.5.2 France Implantable Loop Recorder Market
9.2.5.2.1 France Implantable Loop Recorder Market by Product
9.2.5.2.2 France Implantable Loop Recorder Market by End User
9.2.5.3 Italy Implantable Loop Recorder Market
9.2.5.3.1 Italy Implantable Loop Recorder Market by Product
9.2.5.3.2 Italy Implantable Loop Recorder Market by End User
9.2.5.4 Spain Implantable Loop Recorder Market
9.2.5.4.1 Spain Implantable Loop Recorder Market by Product
9.2.5.4.2 Spain Implantable Loop Recorder Market by End User
9.2.5.5 United Kingdom Implantable Loop Recorder Market
9.2.5.5.1 United Kingdom Implantable Loop Recorder Market by Product
9.2.5.5.2 United Kingdom Implantable Loop Recorder Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Implantable Loop Recorder Market Overview
9.3.2 Asia-Pacific Implantable Loop Recorder Market Forecasts and Analysis
9.3.3 Asia-Pacific Implantable Loop Recorder Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Implantable Loop Recorder Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Implantable Loop Recorder Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Implantable Loop Recorder Market
9.3.5.1.1 Australia Implantable Loop Recorder Market by Product
9.3.5.1.2 Australia Implantable Loop Recorder Market by End User
9.3.5.2 China Implantable Loop Recorder Market
9.3.5.2.1 China Implantable Loop Recorder Market by Product
9.3.5.2.2 China Implantable Loop Recorder Market by End User
9.3.5.3 India Implantable Loop Recorder Market
9.3.5.3.1 India Implantable Loop Recorder Market by Product
9.3.5.3.2 India Implantable Loop Recorder Market by End User
9.3.5.4 Japan Implantable Loop Recorder Market
9.3.5.4.1 Japan Implantable Loop Recorder Market by Product
9.3.5.4.2 Japan Implantable Loop Recorder Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Implantable Loop Recorder Market Overview
9.4.2 Middle East and Africa Implantable Loop Recorder Market Forecasts and Analysis
9.4.3 Middle East and Africa Implantable Loop Recorder Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Implantable Loop Recorder Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Implantable Loop Recorder Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Implantable Loop Recorder Market
9.4.5.1.1 South Africa Implantable Loop Recorder Market by Product
9.4.5.1.2 South Africa Implantable Loop Recorder Market by End User
9.4.5.2 Saudi Arabia Implantable Loop Recorder Market
9.4.5.2.1 Saudi Arabia Implantable Loop Recorder Market by Product
9.4.5.2.2 Saudi Arabia Implantable Loop Recorder Market by End User
9.4.5.3 U.A.E Implantable Loop Recorder Market
9.4.5.3.1 U.A.E Implantable Loop Recorder Market by Product
9.4.5.3.2 U.A.E Implantable Loop Recorder Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Implantable Loop Recorder Market Overview
9.5.2 South and Central America Implantable Loop Recorder Market Forecasts and Analysis
9.5.3 South and Central America Implantable Loop Recorder Market Forecasts and Analysis - By Product
9.5.4 South and Central America Implantable Loop Recorder Market Forecasts and Analysis - By End User
9.5.5 South and Central America Implantable Loop Recorder Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Implantable Loop Recorder Market
9.5.5.1.1 Brazil Implantable Loop Recorder Market by Product
9.5.5.1.2 Brazil Implantable Loop Recorder Market by End User
9.5.5.2 Argentina Implantable Loop Recorder Market
9.5.5.2.1 Argentina Implantable Loop Recorder Market by Product
9.5.5.2.2 Argentina Implantable Loop Recorder Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. IMPLANTABLE LOOP RECORDER MARKET, KEY COMPANY PROFILES
11.1. MEDTRONIC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SCHILLER
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BIOTELEMETRY, INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. NIHON KOHDEN CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BOSTON SCIENTIFIC CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GENERAL ELECTRIC COMPANY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SPACELABS HEALTHCARE
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. KONINKLIJKE PHILIPS N.V
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. CARDIONET, INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ST. JUDE MEDICAL, INC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
- Medtronic
- Schiller AG
- BioTelemetry, Inc
- Nihon Kohden Corporation
- Boston Scientific Corporation
- GE Healthcare
- Spacelabs Healthcare
- Koninklijke Philips N. V
- CardioNet, Inc
- St. Jude Medical, Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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