Insertable Loop Recorders (ILR) Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.4 Billion by 2033, exhibiting a CAGR of 8.5% from 2026 to 2033.
The global Insertable Loop Recorders (ILR) market was valued at approximately USD 1.2 billion in 2022, with a projected Compound Annual Growth Rate (CAGR) of 8.5% from 2023 to 2030. North America dominated the market in 2022, accounting for around 40% of the market share, driven by high healthcare infrastructure, increasing incidences of cardiovascular diseases, and the adoption of advanced diagnostic tools. Europe followed closely, representing around 30% of the global share, with a growing focus on improving healthcare technologies and patient monitoring systems. The Asia Pacific region, however, is expected to witness the highest growth rate, with a CAGR of 10.2%, owing to increasing healthcare investments, a rise in cardiovascular conditions, and expanding healthcare access in emerging economies like China and India.
The demand for ILRs is also increasing across Latin America and the Middle East & Africa, albeit at a slower pace compared to other regions. These regions are gradually witnessing more healthcare modernization and better access to advanced medical devices. Opportunities for market growth include the rising awareness of arrhythmias, technological advancements in device miniaturization, and a shift towards preventive healthcare and patient specific monitoring. Governments’ initiatives to expand healthcare access, especially in low to middle income countries, are expected to drive market penetration and adoption of ILRs in these regions in the coming years.
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Medtronic
Vectorious
Abbott Laboratories
Biotronik
Boston Scientific
Angel Medical Systems
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Insertable Loop Recorders (ILR) Market
External Loop Recorders
Implantable Loop Recorders
Wired Loop Recorders
Wireless Loop Recorders
Arrhythmia Diagnosis
Fainting or Syncope Diagnosis
Monitoring Cardiac Abnormalities
Hospitals
Ambulatory Surgical Centers
Diagnostic Laboratories
Direct Sales
Third-Party Distributors
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Insertable Loop Recorders (ILR) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Insertable Loop Recorders (ILR) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Insertable Loop Recorders (ILR) Market, By Type
6. Global Insertable Loop Recorders (ILR) Market, By Application
7. Global Insertable Loop Recorders (ILR) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Insertable Loop Recorders (ILR) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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