Implantable Cardioverter Defibrillator Market is estimated to be US$ 13.6 billion by 2032 with a CAGR of 3.8% over the forecast period (2022-2032)
An Implantable Cardioverter Defibrillator is
a battery-powered device placed under the skin that tracks the heart rate, thin
wires connect the ICD to the heart. If an abnormal heart rhythm is detected,
the device will deliver an electric shock to restore a normal heartbeat. An
implantable cardioverter defibrillator is a small electronic device attached to
the heart, used to continuously monitor and help regulate potentially rapid and
life-threatening electrical problems with the heart. A transvenous or "conventional"
ICD, shaped like a stopwatch, is implanted under the skin just below the
collarbone, contains a pulse generator and wires, called leads. The pulse
generator contain the battery and a tiny computer, one or more lead wires
connect the pulse generator to specific locations in the heart. An ICD also
records and stores an ICD that responds to irregular life-threatening heart
rhythms in the lower chambers of the heart with a rapid pacemaker that corrects
the rapid rhythm and increases the normal heart rate, or a shock that resets
the heart rhythm to prevent sudden cardiac arrest. Information about heart
rhythms and treatments delivered by physicians for review by ICD. An ICD can
also be programmed to act as a primary pacemaker as needed.Sometimes after a
shock, the heart can beat too slowly.The ICD has a "back-up"
pacemaker, which can stimulate the heart to beat faster. As the normal heart
rhythm returns, the ICD can act as a pacemaker if the heart rate falls below a
predetermined rateSudden cardiac arrest is predicted to increase due to
increasing number of patients suffering from cardiac diseases such as heart
attack, abnormal heart rhythm, demand for implantable cardioverter
defibrillators in the market and increase in certain risk factors such as smoking,
sedentary lifestyle and obesity. Which is expanded to boost the demand for ICDs
during the forecast period.
The report “Implantable Cardioverter Defibrillator Market, By
Product Type (Implantable Cardioverter Defibrillator (Transvenous ICD,
Subcutaneous ICD), External Cardioverter Defibrillator ( Manual External
Defibrillator, Automated External Defibrillator, Wearable External
Defibrillator )), End User (Hospitals & Clinics, Ambulatory Surgery Centers
and Others) and By Region (North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa) - Trends,m Analysis and Forecast till 2030 “
Key Highlights:
·
In February
2022, Abbott announced the world's first patient implantation of a dual-chamber
leadless pacemaker system as part of its AVEIR DR I2i pivotal clinical study.
Implantation of Abbott's investigational Aveir dual-chamber leadless pacemaker
is a significant technological milestone for leadless pacing technology and a
worldwide first in a pivotal trial.
·
In August
2022, Medtronic plc, a global leader in healthcare technology, announced in
August that its investigational EV ICD system achieved the first defibrillator
defibrillation success rate of its kind with leads placed under the breastbone,
outside the heart and veins. 98.7% and met its safety endpoint in a global
clinical trial.
Analyst View:
ICDs are the mainstay of treatment for anyone who
has survived a heart attack, ICDs are used in people at high risk of sudden
cardiac arrest, and ICDs reduce the risk of sudden cardiac death more than
medication alone. Cardiac defibrillators are important because they are used to
prevent or correct arrhythmias, an irregular heartbeat that is too slow or too
fast. Innovation in the Implantable Cardioverter Defibrillator market is
increasing across the globe, owing to the technological advancements in the
Implantable Cardioverter Defibrillator that are being used.
Browse 60 market data tables* and
35 figures* through 140 slides and in-depth TOC on “Implantable Cardioverter Defibrillator Market,
By Product Type (Implantable Cardioverter Defibrillator (Transvenous ICD,
Subcutaneous ICD), External Cardioverter Defibrillator ( Manual External
Defibrillator, Automated External Defibrillator, Wearable External Defibrillator
)), End User (Hospitals & Clinics, Ambulatory Surgery Centers and Others)
and By Region (North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa) - Trends, Analysis and Forecast till 2032”
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ey Market
Insights from the report:
Implantable Cardioverter Defibrillator
Market accounted for US$ 10.3 billion in 2022 and is estimated to be US$
13.6 billion by 2032 and is anticipated to register a CAGR of
3.8%. The Implantable Cardioverter Defibrillator Market is
segmented based on Product Type, End User and Region.
·
Based on
Product Type, Implantable Cardioverter Defibrillator Market is segmented into
Implantable Cardioverter Defibrillator (Transvenous ICD, Subcutaneous ICD),
External Cardioverter Defibrillator (Manual External Defibrillator, Automated
External Defibrillator, Wearable External Defibrillator ).
·
Based on End
User, Implantable Cardioverter Defibrillator Market is segmented into Hospitals
& Clinics, Ambulatory Surgery Centers and Others.
·
By Region, the
Implantable Cardioverter Defibrillator Market is segmented into North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies
of Implantable Cardioverter Defibrillator Market:
The prominent players operating in
the Implantable Cardioverter Defibrillator Market includes, Medtronic,
Boston Scientific Corporation, Biotronik, LivaNova Plc, Abbott, Microport,
Koninklijke Philips N.V., Nihon Kohden Corporation, Progetti Srl, Fukuda Denshi
Co., Ltd, Getinge, ZOLL Medical Corporation. The market provides detailed
information regarding the industrial base, productivity, strengths,
manufacturers, and recent trends which will help companies enlarge the
businesses and promote financial growth. Furthermore, the report exhibits
dynamic factors including segments, sub-segments, regional marketplaces,
competition, dominant key players, and market forecasts. In addition, the
market includes recent collaborations, mergers, acquisitions, and partnerships
along with regulatory frameworks across different regions impacting the market
trajectory. Recent technological advances and innovations influencing the
global market are included in the report.
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