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.  

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Why Major Brain Monitoring Market Players Are Focusing on EEG?

The brain monitoring market will grow at a rate of 6.50% by the end of this decade to reach a value of USD 10,192 million by 2030. The growing count of people, who are suffering from neurological ailments all over the world is pushing the sales of brain monitoring devices.

As per the U.S. National Library of Medicine, there are more than 600 neurological ailments. Furthermore, the upgradation in the technology will boost the advance of the industry in the years to come.

Electroencephalography had the largest revenue in 2022, and it will remain dominant in the years to come, because of the increase in the requirement for cutting-edge methods and recurrent product approvals.

Electrodes dominated the industry in 2022, and sales revenue from them will grow at 6.9% in the years to come. This has a lot to do with the extensive research conducted to advance the tech, efficiency, and electrode safety.

TBI had the largest share in the brain monitoring market of 28%, in 2022, because of the growing frequency of these sorts of mishaps at a global level.

About 70 million people withstand a TBI on a yearly basis, at a global level. Furthermore, the growing funding of the government for TBI research will support the growth of this category.

North America led the industry in terms of revenue, because of the growth in the number of cases of neurological ailments, acceptance of cutting-edge neurological diagnosis & monitoring technologies, and increase in the count of elderly population in the region.

Also, the increasing consciousness regarding the early discovery of neurodegenerative ailments, like Parkinson’s, Alzheimer’s, and Huntington’s, is powering the growth of the industry in North America.

Europe also has a substantial share in the industry. It is mainly because of to the increasing number of brain diseases.

For example, more than 20,000 people in Norway were identified having an acute ailment or injury, which calls for the need of brain monitoring on a yearly basis. Brain monitoring is essential at all ages, which is the main reason why neurological radiology has progressed like anything in the recent time. 

Novel approaches for the treatment of stroke have much to do with more-innovative brain monitoring. Additionally, the all the progressions going on in, intensive care, clinical neurophysiology, neuromonitoring, and neurosonology radiology have enhanced brain monitoring technologies too to a great extent.

Elderly people are much more susceptible to neurological disorders, and with the elderly population on the rise at a global level, it will have a positive impact on the demand for the devices used for brain monitoring.

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