An implantable cardioverter defibrillator is a device that monitors a person's heart rate post its implantation in patients with heart failure. The device continuously monitors your heartbeat and sends electrical pulses to repair a normal heart rhythm when necessary. Implantable cardioverter defibrillator (ICD) or automated implantable cardioverter defibrillators can save patients from arrhythmias by regulating the irregular heartbeats. The device is used in treating sudden cardiac arrest caused due to cardiac arrhythmias, particularly ventricular fibrillation and pulseless ventricular tachycardia. Invention of the implantable cardioverter defibrillator was started by Michel Mirowski in the late 1960s after one of his close friend’s death who was also his mentor and had been admitted to hospital with recurrent ventricular tachyarrhythmias. 

The most important factors driving the global implantable cardioverter defibrillators market are increasing incidences of cardiovascular disorders, increasing demand for implantable cardioverter defibrillator from emerging countries of Asia-Pacific and the Middle-East as cardiovascular disorders are increasing and awareness about the disease also increases in these countries, increasing number of training and awareness programs across the globe for Implantable Cardioverter Defibrillators. These training and awareness programs are conducted for the patients as well as the surgeons by Mayo Clinic US.

The implantable cardioverter defibrillators governs the appropriate therapy for returning your heartbeat to a normal heart rhythm. Doctor programs the implantable cardioverter defibrillators to deliver functions such as anti-tachycardia pacing (ATP) and cardio.  A series of small electrical impulses are delivered to the heart muscle to restore a normal heart rate and rhythm. In cardio, a low energy shock is delivered at the same time as your heartbeat to restore a normal heart rhythm. Defibrillation means when the heart is beating dangerously fast, a high-energy shock is delivered to the heart muscle to restore a normal rhythm. Bradycardia pacing means when the heart beats too slow, small electrical impulses are sent to stimulate the heart muscle to maintain a suitable heart rate.

The American Heart Association recommends some guide lines for the person to be eligible for an implantable cardioverter defibrillator.  The arrhythmia in question must be life threatening and the correctable causes of arrhythmia (acute myocardial infarction, myocardial ischemia, electrolyte imbalance and drug toxicity) have been ruled out by doctors have ruled out correctable causes of the arrhythmia.

Implantable cardioverter defibrillators market can be segmented by product types, by procedure type, and end user type. Implantable cardioverter defibrillator are categories into single chambered, dual chambered and biventricular implantable cardioverter defibrillators on product types. Based on implantation region ICDs are categorized into trans-venous implantable cardioverter defibrillators and subcutaneous implantable cardioverter defibrillators.The subcutaneous ICD (S-ICD) is placed without inserting the leads inside the heart. The device is placed under the skin below the left axilla, or armpit along the rib cage, and not inserting in the standard location near the collarbone. The lead which is connected to the device is burrowed under the skin rather than inside the heart. The advantages of the S-ICD are that it do not show any of the immediate or long-term complications followed due to placing a lead into the heart, such as perforation of the heart and collapse of the lung. Subcutaneous Implantable Cardioverter Defibrillators is the key driver for the ICD market as it have very less complications and easy implantable procedure. Based on end user type the ICDs are divided into hospital and super specialty hospitals, home users, cardiac catheterization laboratory users and electrophysiology laboratory users. Geographically, the market has been categorized in five main regions: North America, Europe, Latin America, Asia pacific and the Middle East and Africa.

The key implantable cardioverter defibrillators manufacturer companies include Boston Scientific Corporation, Imricor Medical Systems, Inc., LivaNova PLC Company, Mayo Clinic US, Medtronic plc, MicroPort Scientific Corporation, MRI Interventions, Inc., St. Jude Medical, Inc.,

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Implantable Cardioverter Defibrillator Market