Implantable Cardioverter Defibrillator Market Analysis Insights by Latest Trends, Future Growth, Revenue and Demand

Implantable Cardioverter Defibrillator Market

According to the most recent report by Emergen Research, the size of the global Implantable Cardioverter Defibrillator (ICD) market is anticipated to reach USD 8.81 billion in 2028 at a consistent CAGR of 2.7%. The market for implantable cardioverter defibrillators is expanding as cardiac disorders are becoming more common. Other significant factors fueling the expansion of the ICD industry are the development in risk factors like obesity and a sedentary lifestyle. A small battery-operated device called an implantable cardioverter defibrillator is implanted on the person’s chest to monitor heart rhythm and identify irregular heartbeats. To correct heart rhythms, the device can deliver electric shocks via wires.

Innovation in the implantable and external defibrillator product sectors is anticipated to be fueled by the growing need to create solutions to enhance the response to sudden cardiac arrests and the desire to improve patient outcomes. Product improvements in subcutaneous and transvenous devices to improve device safety and efficacy are what drive innovation in the implanted defibrillator categories. The development of the external defibrillator segments is anticipated to be driven by the integration of digital technology like as analytics and tracking software.

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Some Key Highlights from the Report

Abbott declared in February 2020 that their Gallant implanted cardioverter defibrillator and cardiac resynchronization therapy defibrillator devices have gained the CE Mark, bringing cutting-edge heart rhythm management capabilities to the European market. Through networked applications, the new device offers the possibility of remote monitoring and patient involvement. The product’s longer battery life, patient-friendly design, and MRI compatibility are among its further advantages.

In 2020, the subcutaneous ICD (S-ICD) sector accounted for a sizably high revenue proportion. S-ICD has advantages over conventional systems, particularly for young patients who have a very high risk of problems from the device. S-ICD also doesn’t increase the risk of vascular damage or pneumothorax. Despite its bigger size, the S-ICD provides cosmetic advantages because of its anatomical position.

Since hospitals and clinics are the primary locations for the treatment of heart illnesses, including cardiac arrest, they accounted for the biggest revenue share in 2020. As hospitals have state-of-the-art medical infrastructure and treatment facilities, rising rates of cardiovascular disease-related fatalities are fueling this segment’s revenue growth.

Boston Scientific Corporation, Abbott Laboratories, Biotronik, Medtronic PLC, LivaNova PLC, MicroPort, Sorin Group, Koninklijke Philips N.V., and Fukuda Denshi Co. are significant market players. Physio-Control, Inc. and Ltd.

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
    1. Single Chamber ICD
    2. Dual Chamber ICD
    3. CRT-D (cardiac resynchronization therapy-defibrillator)
  • Subcutaneous ICD

End-use Channel Outlook (Revenue, USD Billion; 2018–2028)

  • Hospitals & Clinics
  • Ambulatory Surgery Centers
  • Others

Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. Spain
    5. BENELUX
    6. Italy
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. Israel
    4. Rest Of MEA

For More Details On this Report: https://www.emergenresearch.com/industry-report/implantable-cardioverter-defibrillator-market

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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