An implantable loop recorder, also known as an insertable cardiac monitor, which is a small device about the size of a pack of chewing gum or USB memory stick that is implanted just under the skin of the chest for cardiac monitoring. It is a type of heart-monitoring device that records heart rhythm continuously for up to three years. It records the electrical signals of heart and allows remote monitoring by way of a small device inserted just beneath the skin of the chest. It has several uses. Among them, the most common ones is looking for causes of fainting, palpitations, very fast or slow heartbeats, and hidden rhythms that can cause strokes.
Implantable Loop Recorders Market: Key Players
The research study includes profiles of leading companies operating in the global implantable loop recorders market. Key players profiled in the report include: Medtronic PLC, Abbott Laboratories, Boston Scientific Corporation, BIOTRONIK SE & Co. KG, Angel Medical Systems, Inc., Vectorious Medical Technologies Ltd., and others.
Drivers for the Global Implantable Loop Recorders Market:
Increasing incidence of cardiac disorders, technological advancement in cardiac monitors, rising demand for remote patient monitoring, increase in heart diseases and rise in geriatric population these are the major driving factor for the global implantable loop recorders market.
Opportunities for the Global Implantable Loop Recorders Market:
Similarly, increase in government initiatives toward healthcare infrastructure in developing countries, rising number of mortality due to cardiac disorders and Early Detection to Track Heart Condition these factors creates the huge opportunity for the global implantable loop recorders market in upcoming years.
Restrains for the Global Implantable Loop Recorders Market:
But, high manufacturing and maintenance cost, lack of skilled professionals and long implantation procedure these factors hinder the overall growth of the global implantable loop recorders market.
Region Wise, Global Implantable Loop Recorders Market Analysis:
Report covers the region wise analysis, global implantable loop recorders can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, North America leads the global implantable loop recorders share due to growing awareness regarding various cardiac monitoring devices, high disposable income, and the presence of advanced healthcare infrastructure. In addition, this region is the major service providers with improved and advanced healthcare solutions. North America region is followed by Asia Pacific and Europe.
Covid-19: Impact and Recovery Analysis for Global Implantable Loop Recorders Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: Implantable Loop Recorders market globally. The COVID-19 outbreak caused having an economic impact and implications on most of the sectors including the medical device industry. Due to lockdown, patients with chronic diseases such as cardiovascular and diabetes are facing challenges in managing medications, visiting healthcare providers. In this situation, self-monitoring devices will help the patients for remote monitoring while at home this thing increase the demand for implantable loop recorder in the coming years.
Global Implantable Loop Recorders Market: Product analysis
Global Implantable Loop Recorders Market: Application analysis
- Cardiac centers
Global Implantable Loop Recorders Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East