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Implantable Cardioverter Defibrillators Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3841

Implantable Cardioverter Defibrillators Market size are being propelled by a significant rise in the prevalence of CVDs and growing geriatric population. According to the CDC statistics, cardiovascular diseases are known to cause nearly 17.9 million deaths worldwide, almost every year. However, the frequency is dynamically rising across different economies, given the increasing disposable incomes, sedentary lifestyle, and growing alcohol consumption.

Implantable cardioverter defibrillator (ICD) is an equipment or device implanted inside the human body to perform cardioversion, correct pacing, and defibrillation of the heart. The product is generally used in treating sudden cardiac arrest owing to ventricular fibrillation, cardiac arrhythmias, and pulseless ventricular tachycardia.

The industry progression is being further driven by the ongoing technological advancements and novel product developments in the business space. For instance, Abbott had in 2020 declared receiving an FDA nod for its next-gen Gallant ICD and cardiac resynchronization therapy defibrillator devices. As per company officials, the devices offer Bluetooth technology and new patient smartphone application for enhanced remote monitoring.

Factors like lack of awareness regarding the advantages of implantable defibrillators, unfavorable reimbursement policies and norms, and high cost of these defibrillators are expected to negatively influence the overall market growth during the forecast timeframe.

Based on the type of implantable cardioverter defibrillators, subcutaneous implantable cardioverter-defibrillators (S-ICDs) are gaining ground worldwide. These are the electronic devices that constantly monitor the heart rhythm and when it detects an abnormally fast heart rhythm, it delivers energy to the heart muscle. The S-ICDs is a completely extrathoracic device which has been recently received FDA approval for the prevention of sudden cardiac death. One of the primary advantages of subcutaneous implantable cardioverter-defibrillators is the absence of leads within the heart and preservation of central venous circulation. This property of the equipment makes it a great alternative for children with congenital heart disease with no venous access who were inappropriate for transvenous ICD.

Based on the end-user, hospitals are predicted to observe massive demand for implantable cardioverter defibrillators in the coming years. This segment growth can be ascribed to the growing number of surgical procedures and mounting number of heart failure cases. Moreover, the healthcare setting is highly equipped with advanced facilities and improved medical infrastructure which is anticipated to pave the way for increased demand for ICDs.

The global implantable cardioverter-defibrillators market is diversified into various regions, including North America, Europe, Asia Pacific, and Rest of the World. Out of these, the European implantable cardioverter defibrillators market is being highly characterized by the rising adoption of ICD implants in the region owing to the increasing cardiac arrests over the recent years. Besides, the mounting awareness amongst patients and favorable reimbursement policies are further likely bolster the regional market prospects through 2027.

Prominent players operating in the global implantable cardioverter defibrillators industry are Medtronic plc, Biotronik Se & Co.KG, Boston Scientific Corporation, and St. Jude Medical, Inc. (St. Jude Medical Luxembourg Holding S.a r.l).

COVID-19 pandemic impact on implantable cardioverter defibrillators market forecast

The novel coronavirus pandemic had in early 2020 induced strict movement restriction and lockdown norms. This has led to a significant increase in the cases of heart attacks and subsequent fatalities, due to absence of physical activities and sedentary living. These factors resulted in a surge in the number of hospital admissions and demand for implantable cardioverter defibrillators, thus positively fostering the market expansion over the coming years.

The market research report of implantable cardioverter defibrillators includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD units from 2017 to 2027 for the following segments:

Market, by Type

  • Subcutaneous implantable cardioverter-defibrillators (S-ICDS)
  • Transvenous implantable cardioverter-defibrillators (T-ICDS)
  • Cardiac resynchronization implantable cardioverter-defibrillators (CRT-D)

Market, by End-use

  • Hospitals
  • Super specialty clinics
  • Cardiac catheterization laboratory
  • Electrophysiology laboratory users

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
  • Latin America
    • Mexico
    • Brazil
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait


What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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