Portland, OR -- (SBWIRE) -- 08/05/2017 -- The implantable loop recorder (ILR) is a small cardiac monitoring device capable of storing ECG data automatically in case of bradyarrhythmia or tachyarrhythmia. It is implanted under the skin where a pocket is created in the left side of breastbone. ILR is best used for the patients facing symptoms such as syncope, recurrent palpitations, skipped beats, lightheadedness, or dizziness.

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ILR market is in emerging state mainly due to the increase in heart diseases and rise in geriatric population. Furthermore, emerging applications across novel fields of clinical research of medical devices are expected to open new avenues in the ILR market. Also, the increase in government initiatives toward healthcare infrastructure in developing countries majorly drive the global ILR market. However, the device cost impedes the market growth.

The market is classified on the basis of end-users and geography. By end-users the market is bifurcated into clinics and hospitals. Geographically, the market is studied across North America, Europe, Asia Pacific, and LAMEA.

Top three strategies adopted by major market players of this market include product launches, collaborations and mergers and acquisitions over few years. Companies profiled in this report include Medtronic Inc. (U.S.), St. Jude Medical Inc. (U.S.), and Biotronik Inc. (Germany).

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Key Market Segments:

By End-User

Hospitals
Clinics

By Geography

North America

U.S.
Canada
Mexico

Europe

Germany
France
UK
Italy
Spain
Rest of Europe

Asia-Pacific

Japan
China
India
Rest of Asia-Pacific