Implantable Defibrillators Market
Opportunities and Forecasts, 2014- 2022
Implantable Defibrillators Market: Future and Growth • Implantable Defibrillators Market was valued at $6,006 million in 2015 and is expected to garner $8,449 million by 2022 • Registering a CAGR of 4.9% during the forecast period 2016 – 2022 • Transvenous implantable cardioverter defibrillators (T-ICDs) segment accounted for more than half of the global market in 2015.
• CRT-D is projected to lead the market, reaching 1,127 thousand units by 2022, registering a CAGR of 8.9%
Implantable Defibrillators Market: Factors Contributing to Market Growth • Surge in geriatric population; increase in prevalence of chronic health conditions such as cardiac arrhythmia, ventricular fibrillation, and pulseless ventricular tachycardia, growth in preference for S-ICDs • Rise in awareness among patients about implantable defibrillators • Rise in demand for ICDs for patients with nonischemic cardiomyopathy reduces the risk of mortality to about 23% • Emergence of new technologies
Implantable Defibrillators Market: Key Factors • In 2015, T-ICDs led the overall implantable defibrillator market revenue, and is projected to grow at a CAGR of 4.9% during the forecast period. • The CRT-D segment occupied the highest share in 2015, and is expected to grow at a CAGR of 8.9%, in terms of volume. • North America was the leading consumer of implantable defibrillators in 2015, both in terms of value and volume, followed by Europe. • Japan is expected to lead market in the Asia-Pacific region, growing at a CAGR 6.2%.
Implantable Defibrillators: Segmentation of the Market
By Product Type Subcutaneous Implantable Cardioverter Defibrillators (S-ICDS) Transvenous Implantable CardioverterDefibrillator (T-ICDs) Cardiac Resynchronization Therapy Defibrillator (CRT-D)
Implantable Defibrillators: Segmentation of the Market
• North America led the global market in 2015, and is expected to maintain its dominance during the forecast period. • Japan is expected to lead market in the Asia-Pacific region
• The other regions generating revenue for the market are: Europe and LAMEA regions
Implantable Defibrillators Market: Key Players Key Players of the Market are: • • • • • • • • • •
Boston Scientific Corporation LivaNova PLC Company Imricor Medical Systems MicroPort Scientific Corporation Mayo Clinic US Medtronic plc MRI Interventions Inc., St. Jude Medical Inc., Biotronik Se Co.KG, and Sorin Group.
Summary: Rise in the incidence of heart disorders and advancement in the technology such as S-ICDs developed as an alternative to conventional T-ICDs with less potential hazards drive the market growth.
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