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Implantable cardioverter defibrillator market revenue growth is driven by rising focus on public-access defibrillators and training and awareness programs on ICDs
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Implantable Cardioverter Defibrillator Market Size Worth USD 8.81 Billion in 2028 www.emergenresearch.com Implantable cardioverter defibrillator market revenue growth is driven by rising focus on public-access defibrillators and training and awareness programs on ICDs
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Market Summary The global Implantable Cardioverter Defibrillator (ICD) market size is expected to reach USD 8.81 Billion at a steady CAGR of 2.7% in 2028, according to latest analysis by Emergen Research. The market for implantable cardioverter defibrillators is growing due to an increase in prevalence of cardiac diseases. Surge in risk factors such as obesity and rise in sedentary lifestyle are other key factors driving the growth of ICD market. Implantable cardioverter defibrillator is a small battery powered device placed on an individual’s chest to monitor heart rhythm and detect abnormal heartbeats. The device can deliver electric shocks via wires to fix heart arrhythmias. Rising prevalence of cardiovascular diseases and increase in global geriatric population are factors fueling growth of the market to a significant extent. www.emergenresearch.com
Market Summary • Key Highlights From The Report. • In February 2020, Abbott announced that it has received CE Mark for its Gallant implantable cardioverter defibrillator and cardiac resynchronization therapy defibrillator devices, bringing advanced heart rhythm management capabilities to the market in Europe. The new device opens up potential for remote monitoring and patient engagement through connected applications. Other benefits of the product includes improved battery life, patient preferred design, and MRI compatibility. • Subcutaneous ICD (S-ICD) segment accounted for a significantly large revenue share in 2020. S-ICD has advantages over traditional systems, especially for young patients in whom the risk of device-related complications is extremely high. Moreover, S-ICD poses no risk of pneumothorax or vascular injury. S-ICD has cosmetic advantages due to its anatomic location despite its larger size. • Hospitals & clinics segment accounted for largest revenue share in 2020 as these settings are the major point of care for treatment of heart diseases, including cardiac arrest. Rising incidence of deaths due to cardiovascular diseases is driving revenue growth of this segment as hospitals have advanced medical infrastructure and treatment facilities. • Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/732 www.emergenresearch.com
Market Summary • Emergen Research has segmented the global implantable cardioverter defibrillator market on the basis of product type, end-use, and region: • Product Type Outlook (Revenue, USD Billion; 2018–2028) • Transvenous ICD • Single Chamber ICD • Dual Chamber ICD • CRT-D (cardiac resynchronization therapy-defibrillator) • Subcutaneous ICD • End-use Channel Outlook (Revenue, USD Billion; 2018–2028) • Hospitals & Clinics • Ambulatory Surgery Centers • Others • Read More@ https://www.emergenresearch.com/industry-report/implantable-cardioverter-defibrillator-market
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