Implantable Loop Recorders Industry to Witness Fastest Growth in Asia-Pacific

The implantable loop recorders market was USD 1,341.2 million in 2022, which will touch USD 2,490.4 million, growing at an 8.0% compound annual growth rate, by 2030. 

The growth of this industry is because of the rising incidence of heart ailments, the increasing healthcare expenses, and the mounting elderly populace. Moreover, the industry is also driven by the increasing governments’ backing for greater healthcare infrastructure and the development of new clinical research fields.

Furthermore, the increasing changes in lifestyle, the growing trend of eating junk food, and the lack of a nutritional diet, are the key factors boosting the occurrence of chronic health conditions in both older and younger people. In addition, these bad health lifestyles are the origin of the rising prevalence of CVDs as well as various other chronic illnesses.

Additionally, the increasing cases of death from chronic cardiac illnesses have resulted in the surging acceptance of implantable loop recorders for greater treatment as well as information on existing cardiovascular patients.

The cardiac arrhythmia category, based on indication, will propel at a considerable rate during this decade. This can be because of the increasing CVD occurrence, the rising cases of Atrial fibrillation, and the growing acceptance of remote patient monitoring devices.

The direct category, on the basis of distribution channel, was the larger contributor to the implantable loop recorders market, with a 90% share, in 2033. This can be because of the growing count of CVD patients in both developing and developed countries, the rising count of cardiac implantable electronic device procedures, and the surging count of hospital visits for diagnosis.

In 2022, North America was the highest contributor to the industry, with a 40% share, and it will further advance at a 7% CAGR, during this decade. This can be because of the existence of healthcare facilities & infrastructure, the increasing healthcare spending, the surging requirement for remote patient monitoring devices, and the mounting CVD occurrences.

It is because of the improving living standards, growing consciousness of healthcare procedures and devices, and surging count of deaths from cardiovascular diseases across the globe, the implantable loop recorders industry will continue to progress in the coming years.