Product ID: UCMIG35A2285
Report ID:
UCMIG35A2285 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Implantable loop recorder sales were valued at USD 1 billion globally in 2019, and from 2020 to 2027, they are expected to increase at a CAGR of 9.6%. The market for implantable loop recorders is being driven by elements such the rise in cardiac illnesses, improvements in cardiac monitor technology, and rising demand for remote patient monitoring. Due to their efficiency in identifying aberrant heart rhythms and offering remote monitoring capabilities, these devices are utilised for monitoring and recording cardiac activity in patients with suspected or diagnosed cardiac disorders.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG35A2285