The Demand for Implantable Defibrillators Has Increased Considerably – Explore

As per CDC statistics, cardiovascular syndromes bring approximately eighteen million deaths across the world annually. In fact, the frequency is expected to increase more in the upcoming years, due to modern lifestyle patterns and rise in alcohol consumption among individuals around the globe. This factor has created a huge demand for implantable defibrillators across the healthcare sector.

An implantable cardioverter defibrillator (ICD) is a medical device that is placed in the chest to monitor the heartbeats, deliver electric shocks to stop irregular heartbeats, and restore a regular heart rhythm. This device incorporates a safe procedure and is clinically tested, which is why, it is the most preferred choice for patients as well as healthcare experts.

The North America is currently dominating the market with the highest market share. This is attributed to rise in purchasing power, increase in the adoption of S-ICDs, surge in the incidence of sudden cardiac arrest, and technological advancements in the healthcare sector in the developed countries like the U.S., Canada, and others.

At the same time, the Asia-Pacific region is anticipated to witness the fastest growth rate. This is owing to high population base, rise in disposable income, increase in awareness regarding ICD devices, and improvement in patient care in the emerging economies like India, China, and others.

In addition, the outbreak of the COVID-19 pandemic led to boost the demand for implantable defibrillators market even more, thereby led to have a positive impact on the growth of the market, especially during the initial period. People who were already suffering from cardiovascular diseases were highly prone to get infected by coronavirus, which became a major concern for clinicians from the beginning. The fact that coronavirus affect the cardiovascular system, resulting in arrhythmias, myocardial injury, and even cardiac death, the cases of heart implants experienced a sharp incline during the pandemic. This in turn, increased the demand for implantable cardioverter defibrillators, thus contributed to the growth of the market to a great extent.

With this drift on board, many companies are launching new products and adding new features in order to stay competitive in the market. For instance, in 2020, a company named Abbott revealed about its next generation defibrillator device that includes Bluetooth technology, smartphone applications, and the feature of remote monitoring. Here, it is worth mentioning that with such technological advancements, the global implantable defibrillators market is definitely going to reach heights in the near future

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