Fact.MR, a market research and competitive intelligence provider - The global MRI Safe Implantable Defibrillator Devices market would reach US$ 890 Mn in 2022 and have a CAGR of 6.7% from 2022 to 2032.
North America Is Expected To Account For 24.1% Of The Global Market Share for for MRI Safe Implantable Defibrillator By 2022
Demand For MRI Safe Implantable Defibrillator Gadgets Is Growing As A Result Of Factors Such As Rising Ageing Population, Increase In Cardiac Disorders, And Technological Advancements In Products.
Fact.MR, a market research and competitive intelligence provider - The global MRI Safe Implantable Defibrillator Devices market would reach US$ 890 Mn in 2022 and have a CAGR of 6.7% from 2022 to 2032. Expanding at a CAGR of 6.7%, the global MRI-safe implantable defibrillator devices market is projected to reach a size of US$ 1.7 billion by 2032.
Demand for MRI safe implantable defibrillator gadgets is growing as a result of factors such as rising ageing population, increase in cardiac disorders, and technological advancements in products. Different types of electromagnetic fields are used during MRI imaging procedures and are predicted to interfere with the leads of cardiac pacemakers or defibrillators.
Devices that are implanted inside the body of the patient and enable the patient to undergo MRI diagnosis safely are known as MRI safe defibrillators. Better images of soft tissues, such as the spine, are produced by the imaging technique known as magnetic resonance induction.
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Due to changing lifestyle preferences, high incidence of degenerative & chronic diseases, increase in the number of elderly people, and technological advancements in implantable devices such as high-field MRI, superconducting magnets, software applications, and open architecture, the global market for MRI-safe implantable devices is expanding rapidly across geographies.
Key Takeaways from Market Study
- In 2022, North America is expected to account for 24.1% of the global market share.
- North America dominates the market for MRI safe implantable defibrillator solutions because of the region’s sophisticated medical facilities, high rate of implants, and favourable reimbursement environment.
- Europe is predicted to hold 22.3% of the global market share, in 2022.
- Growing geriatric population is one of the factors driving the MRI Safe Implantable Defibrillator Devices Market.
- The global MRI safe defibrillator devices market has been divided into hospitals and ambulatory surgical centers, based on end user
“Rising incidences of Chronic Ailments to hold the hopes high for MRI Safe Implantable Defibrillator Market” says a Fact.MR analyst.
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Market Developments
There are incredibly few businesses that are engaged in the production of MRI-compatible gadgets. These products were just recently introduced into the market.
- In April 2014, Medtronic announced that the first implantable defibrillator devices that were MRI-safe had received the CE Mark and were available in Europe.
- USFDA recently approved the first Medtronic ICD that is MRI-compatible. A majority of the population still uses implantable defibrillators that are not MRI-compatible despite the introduction of MRI-safe devices.
Market participants will put more effort into creating novel devices to attract attention across the world. Since 2021, the most frequently used strategies have continued to include technological improvements, new product launches, research and development, acquisitions, expansions, and collaborations.
- DirectSense Technology, a novel instrument for observing the impact of radiofrequency energy delivery during cardiac ablation procedures, was recently released by Boston Corporation.
Key Segments in MRI Safe Implantable Defibrillator Devices Industry Research
- MRI Safe Implantable Defibrillator Devices Market by Product :
- Single Chamber Defibrillators
- Dual Chamber Defibrillators
- MRI Safe Implantable Defibrillator Devices Market by Modality :
- MR Conditional Defibrillators
- MR Safe Defibrillators
- MRI Safe Implantable Defibrillator Devices Market by End Use :
- Hospitals
- Ambulatory Surgical Centers
- MRI Safe Implantable Defibrillator Devices Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global MRI Safe Implantable Defibrillator Devices market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by product (single chamber defibrillators and dual chamber defibrillators), by modality (MR conditional defibrillators and MR safe defibrillators), by end-use (hospitals and ambulatory surgical centers), and by region (North America, LATAM, Europe, East Asia, South Asia & Oceania, and MEA).
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