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Implantable Cardioverter-defibrillators Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2024

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An ICD or implantable cardioverter-defibrillator is a battery-operated device that is placed under the skin of the patient to monitor the user’s heart rate. ICDs are connected to the heart by thin wires. In cases where an abnormal heart beat is dete
IMPLANTABLE CARDIOVERTERDEFIBRILLATORS MARKET
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2016–2024
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REPORT DESCRIPTION
Implantable Cardioverter-defibrillators Market Overview
An ICD or implantable cardioverter-defibrillator is a battery-operated device that is placed under
the skin of the patient to monitor the user’s heart rate. ICDs are connected to the heart by thin
wires. In cases where an abnormal heart beat is detected, implantable cardioverter-defibrillator
deliver an electric shock to reinstate a normal heart rhythm if the patient’s heart is beating too
fast. Implantable cardioverter-defibrillators have been useful in thwarting sudden deaths in
patients with fibrillation or sustained ventricular tachycardia. Various studies have shown that
they may prevent cardiac arrest in patients who are at a high risk of life-threatening ventricular
arrhythmias. An implantable cardioverter -defibrillator senses when the heart rhythm is not
normal and it tries to make the heart rhythm normal. If the device has a pacemaker feature
incorporated, it works as a pacemaker when the heartbeat is slow, and transmit tiny electric
signals to the heart. However, when the heartbeat is very chaotic or fast, the device gives
defibrillation shocks in order to restrain the abnormal rhythm. Implantable cardioverterdefibrillators work for 24 hours a day.
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According to Centers for Disease Control and Prevention (CDC), it is estimated that around 2.7–
6.1 million individuals in the U.S. suffered from atrial fibrillation in 2015. The report suggests
that the number of occurrences is likely to increase with the increase in number of aging of the
population in this region. Roughly 2% of the population who are younger than 65 years of age
suffers from AF. However, around 9% of the population with 65 years of age or more suffers
from AF.
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REPORT DESCRIPTION
Implantable Cardioverter-defibrillators Market Taxonomy
On the basis of type of product, the global market is classified into:
• Biventricular Implantable Cardioverter Defibrillators
• Single Chambered
• Dual Chambered
On the basis of type of procedure, the global market is classified into:
• Subcutaneous Implantable Cardioverter Defibrillators
• Trans-Venous Implantable Cardioverter Defibrillators
On the basis of end user, the global market is classified into:
• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
• Others
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REPORT DESCRIPTION
High prevalence of arrhythmia will drive the overall implantable cardioverter-defibrillators
market
The rising old age population and high occurrence of coronary artery diseases are some of the
major factors which will propel growth of the implantable cardioverter-defibrillators market.
Sedentary lifestyles, unhealthy dietary habits, and lack of proper exercise have resulted into the
increased incidences of heart related diseases, especially arrhythmia. The demand for ICDs is
rising significantly as healthcare professionals and the governing bodies such as American Heart
Association have widely accepted this form of treatment due to its safety, and efficacy. However,
the AHA recommends that the arrhythmia in question ought to be life threatening for the
patient to be eligible for a cardioverter defibrillator.
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North America held the maximum market share in implantable cardioverter defibrillator market
globally. Favorable and constructive policies and regulations as well as availability of sophisticated
healthcare facilities along with rising approvals about the usage of implantable cardioverterdefibrillators from the governing bodies are likely to fuel the growth of the implantable
cardioverter-defibrillators industry in this region.
Some of the key players operating in the global implantable cardioverter-defibrillators market are
Imricor Medical Systems, Boston Scientific Corporation, Inc., LivaNova PLC Company, MicroPort
Scientific Corporation, Mayo Clinic US, Medtronic plc, St. Jude Medical, Inc., and MRI Interventions,
Inc.
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