Global Implantable Loop Recorder Market Size is valued at USD 1.77 Bn in 2024 and is predicted to reach USD 4.45 Bn by the year 2034 at a 9.8% CAGR during the forecast period for 2025-2034.
Key Industry Insights & Findings from the Report:
An implantable loop recorder (ILR) is a cardiac monitoring device surgically implanted near the chest, where it records the heart's electrical signals, capturing and storing ECG data over an extended period. Implantable loop recorders are valuable diagnostic tools in cardiology, particularly for patients with unexplained syncope, palpitations, or cryptogenic stroke. Their long-term monitoring capabilities and remote data transmission make them useful in detecting and diagnosing a wide range of arrhythmias, ultimately guiding appropriate treatment strategies.
Moreover, market growth is driven by various organisations' concerted efforts to combat the increasing prevalence of cardiovascular diseases. The rising occurrence of cardiovascular diseases and chronic illnesses is attributable to lifestyle variations and behavioural risk factors such as obesity & alcohol consumption. An upsurge in mortality rates has also resulted in a growing ageing population, which is more susceptible to cardiovascular diseases. Furthermore, advancements in various treatments for cardiovascular diseases have contributed to heightened demand for therapies and devices for heart disease treatment, thereby fueling the demand for Implantable Loop Recorders in the market.
Furthermore, the market is growing as the increasing adoption of remote patient monitoring (RPM), facilitated by introducing new reimbursement policies. Additionally, recent clinical guidelines endorsed by the AHA strongly advocate for the use of remote patient monitoring in the recognition of atrial fibrillation in both stroke and non-stroke patients. This endorsement further bolsters the demand for implantable loop recorders and, consequently, drives market growth.
The Implantable loop recorder market is segmented on the basis of application and end-user. As per the application, the market is segmented as atrial fibrillation, cardiac arrhythmia, and cardiac syncope. By End-User segment, the market is divided into hospitals, cardiac centres, and others.
The hospital category is expected to record a major share of the global implantable loop recorder market in 2024. The endorsement of implantable loop recorders in clinical guidelines and recommendations by professional medical associations further encourage hospitals to adopt these devices in their practice. Implantable loop recorders permit for continuous monitoring of a patient's heart activity over an extended period, which can lead to early detection of cardiac issues. Hospitals are adopting these devices to improve patient care by offering timely interventions and tailored treatment plans. Overall, the increasing adoption of implantable loop recorders by hospitals reflects a broader commitment to improving cardiac care and meeting the evolving needs of patients with cardiovascular conditions.
The Cardiac arrhythmia segment is projected to grow at a rapid rate in the global implantable loop recorder market. Due to the growing population of patients afflicted with arrhythmia and various other cardiac ailments, there has been an increased demand for implantable loop recorders. In India, cardiac arrhythmia is highly prevalent, affecting over 10 Bn people each year. Notably, significant investments in research and development by leading industry players have resulted in the development of compact implantable loop recorders. These devices are highly effective in diagnosing arrhythmias syncope and in monitoring potential cardiovascular disorder risks.
The North American implantable loop recorder market is expected to record the maximum market share in revenue in the near future. Furthermore, the region is poised for market growth in implantable loop recorders, thanks to the presence of prominent service providers offering enhanced healthcare solutions. This trend is expected to continue in the forecast period. In addition, Asia Pacific is estimated to grow at a rapid rate in the global implantable loop recorder market. Efforts to create more advanced heart care technologies have been made possible by groups like the APSC (Asian Pacific Society of Cardiology) and the China Cardiovascular Association, which have helped the area grow. Additionally, factors such as dietary choices and the increasing prevalence of a sedentary lifestyle, resulting in reduced physical activity, play a role in the rising incidence of cardiovascular diseases in the area.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 1.77 Bn |
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Revenue Forecast In 2034 |
USD 4.45 Bn |
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Growth Rate CAGR |
CAGR of 9.8% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Application, End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; South Korea; South East Asia |
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Competitive Landscape |
Abbott Laboratories, Medtronic plc, Biotronik, Vectorious, Angel Medical Systems, Inc., Boston Scientific Corporation, Cardiac Science Corporation, Nihon Kohden Corporation, Philips Healthcare, GE Healthcare and others |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Implantable Loop Recorders Market Snapshot
Chapter 4. Global Implantable Loop Recorders Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Application Estimates & Trend Analysis
5.1. By Application, & Market Share, 2024 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Application:
5.2.1. Atrial Fibrillation
5.2.2. Cardiac Arrhythmia
5.2.3. Cardiac Syncope
Chapter 6. Market Segmentation 2: By End Use Estimates & Trend Analysis
6.1. By End Use & Market Share, 2024 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By End Use:
6.2.1. Hospitals
6.2.2. Cardiac Centers
6.2.3. Others
Chapter 7. Implantable Loop Recorders Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
7.1.2. North America Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts By End Use, 2021-2034
7.1.3. North America Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
7.2. Europe
7.2.1. Europe Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
7.2.2. Europe Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts By End Use, 2021-2034
7.2.3. Europe Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
7.3. Asia Pacific
7.3.1. Asia Pacific Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
7.3.2. Asia Pacific Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts By End Use, 2021-2034
7.3.3. Asia Pacific Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
7.4. Latin America
7.4.1. Latin America Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
7.4.2. Latin America Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts By End Use, 2021-2034
7.4.3. Latin America Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
7.5. Middle East & Africa
7.5.1. Middle East & Africa Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
7.5.2. Middle East & Africa Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts By End Use, 2021-2034
7.5.3. Middle East & Africa Implantable Loop Recorders Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Abbott Laboratories,
8.2.2. Medtronic plc,
8.2.3. Biotronik,
8.2.4. Vectorious,
8.2.5. Angel Medical Systems, Inc.,
8.2.6. Boston Scientific Corporation,
8.2.7. Cardiac Science Corporation,
8.2.8. Nihon Kohden Corporation,
8.2.9. Philips Healthcare,
8.2.10. GE Healthcare
Implantable Loop Recorder Market By Application
Implantable Loop Recorder Market By End-User
Implantable Loop Recorder Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
