Implantable Cardioverter Defibrillator (ICD) Market Size and Share Is Projected To Reach USD 10,425.96 Million at a CAGR of 5.96% By 2025 | Market Research Future

Implantable Cardioverter Defibrillator (ICD) Market Size and Share Is Projected To Reach USD 10,425.96 Million at a CAGR of 5.96% By 2025 | Market Research Future

“Implantable Cardioverter Defibrillator (ICD) Market”
Implantable Cardioverter Defibrillator Market Analysis By Size, Share, Key Players, Trends, Insights, Dynamics, Future Outlook, Applications and Segmentation, Forecast to 2025

Implantable Cardioverter Defibrillator Market Size, Growth and Share Analysis by Type (Regular ICD, Cardiac Resynchronization Therapy Defibrillators (CRT-D) and Subcutaneous-ICD) By Indication (Myocardial Ischemia, Acute Myocardial Infarction, Electrolyte Imbalance and Drug Toxicity), Key Players and Region

The Global Implantable Cardioverter Defibrillator (ICD) Market size was valued USD 6,952.2 Million in 2018 and projected to reach USD 10,425.96 Million at a CAGR of 5.96% owing to Increasing prevalence of cardiovascular diseases, growing aging population, and changing lifestyles by 2025 says Market Research Future (MRFR).

Implantable Cardioverter Defibrillator (ICD) is used to record the heart’s activity and treat dangerous ventricular arrhythmias with an electrical shock or pulse to the heart. Factors such as the growing aging population, changing lifestyles such as smoking and alcohol consumption, and the increase in demand for cardiac implants are responsible for the increasing prevalence of cardiac arrhythmias globally. This is likely to fuel the growth of the ICD market during the forecast period.

In addition to this, improving efficacy of ICDs for the treatment of cardiac diseases over a period will also fuel the market. According to the American Heart Association, approximately 1.5 million cases of myocardial infarction occur annually, and the incidence rate is approximately 600 cases per 100,000 people in the US. According to the American College of Cardiology Foundation, sudden cardiac arrest (SCA) is also one of the leading causes of death worldwide and is responsible for 250,000 to 450,000 deaths per year in the US. Also, coronary artery disease is a major risk factor for sudden cardiac arrest (SCA).

Request Free Sample Report: https://www.marketresearchfuture.com/sample_request/8243

The global implantable cardioverter defibrillator market is currently dominated by numerous market players. The key players are involved in new product launches and strategic collaborations to strengthen their market positions. For instance, in May 2019, the US Food and Drug Administration (FDA) has approved Boston Scientific’s Emblem S-ICD that is used in the treatment of cardiovascular diseases. Through this approval, Boston Scientific focuses on strengthening its position in the US ICD market. Medtronic is developing Extravascular (EV) ICD system, an innovative subcutaneous ICD that is designed to terminate arrhythmias, post-shock pacing to protect from sudden cardiac arrest, and temporary back-up bradycardia pacing.

Implantable Cardioverter Defibrillator Market Segmentation

By Type

• Regular ICD: Holdsthe highest share in the implantable cardioverter defibrillator market due to the increasing occurrences and growing incidence rates of autoimmune diseases.
• Cardiac Resynchronization Therapy Defibrillators (CRT-D): Holds the second-largest share in the implantable cardioverter defibrillator market and is expected to grow at a moderate rate during the forecast period. The growth is mainly due to increasing cardiac arrests among patients, R&D by major players, and strategic partnerships
• Subcutaneous-ICD (S-ICD): Holds the third-largest share in the market and is expected to grow at a steady rate in the market during the forecast period. New product launches, manufacturing facility expansion in emerging countries such as India, China, Brazil, and other emerging countries could drive the market.
• Others: Covers accessories and small component parts of implantable cardioverter defibrillators. This segment holds the least share in the market.

By Indication
• Myocardial Ischemia: Myocardial Ischemia is the largest as well as the fastest-growing segment by indication as ICDs are majorly used in the treatment of myocardial ischemia. Moreover, the prevalence rate of sudden cardiac arrests is rising. Myocardial ischemia is further segmented into symptomatic and asymptomatic.
• Acute Myocardial Infarction: It is the second-largest segment in the market, and this condition is also commonly called a heart attack. Acute myocardial infarction is a life-threatening condition that occurs when blood flow to the heart muscle is abruptly cut off, causing tissue damage. It is the second-largest segment in the market by indication.
• Electrolyte Imbalance and Drug Toxicity: It is the third largest and fastest-growing segment in the ICD market.

By End User
• Hospitals & Clinics: This is the largest and fastest-growing ICD market segment and is projected to grow well beyond the forecast period. Hospitals and clinics are primary care centers for individuals afflicted with type-1 diabetes and are also cost-effective. Moreover, in countries with government-funded healthcare and a high prevalence of type-1 diabetes, hospitals and clinics are the main treatment centers, which drives the growth of the segment.
• Ambulatory Surgical Centers: A more specialized treatment option, a large number of specialty centers have established across the US and are being opened in developing nations such as India and China. This segment is growing due to the increased number of individuals afflicted with the condition and the higher returns on investment from specialty centers as compared to hospitals and clinics.
• Others: The ease of availability and delivery of diabetes medication has led to patients opting for home treatment. The segment also covers old age homes as the geriatric population is highly susceptible to type-1 diabetes. The segment is expected to grow as awareness regarding the condition increases along with the ease of treatment.

Implantable Cardioverter Defibrillator Market Regional Analysis

The implantable cardioverter defibrillator market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The ICD market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The ICDs market in the Americas is likely to hold a major share owing to the increased patient pool. The European ICD market has been sub-divided classified as Western Europe and Eastern Europe.

The Western European market has further been classified categorized as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The ICD market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Asia-Pacific ICD market is projected to be the fastest-growing due to the increasing incidences of acute myocardial infarction and myocardial infraction, growing aging population, and changing lifestyle (smoking and alcohol consumption) in the region. The ICD market in the Middle East & Africa has been divided into the Middle East and Africa.

Implantable Cardioverter Defibrillator Market Key Players

Abbott Laboratories (US)
BIOTRONIK (Germany)
Boston Scientific Corporation (US)
Medtronic (Ireland)
MicroPort Scientific Corporation (China)
Koninklijke Philips N.V. (Netherlands)
Nihon Kohden Corporation (Japan)
Progetti Srl (Italy)
Fukuda Denshi Co., Ltd (Japan)
Getinge (Sweden)
ZOLL Medical Corporation (US)

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/implantable-cardioverter-defibrillator-market-8243

Table Of Contents

Chapter 1. Executive Summary

Chapter 2. Market Introduction

Chapter 3. Research Methodology

Chapter 4. Market Dynamics

Chapter 5. Market Factor Analysis

Chapter 6. Global Implantable Cardioverter Defibrillator (ICD) Market, By Product Type

Chapter 7. Global Implantable Cardioverter Defibrillator (ICD) Market, By Indication

Chapter 8. Global Implantable Cardioverter Defibrillator (ICD) Market, By End User

Chapter 9. Global Implantable Cardioverter Defibrillator (ICD) Market, By Region

Chapter 10. Company Landscape

Chapter 11. Company Profile

Chapter 12 Appendix

LIST OF TABLES

LIST OF FIGURES

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. 

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/implantable-cardioverter-defibrillator-market-8243