The global demand for Defibrillators Market is presumed to reach the market size of nearly USD 15.31 BN by 2030 from USD 7.63 BN in 2022 with a CAGR of 9.1% under the study period 2023 - 2030.
Defibrillators are electronic devices that provide an electric pulse or shock to the heart for restoring a regular heartbeat. They are used for the prevention or treatment of arrhythmias or abnormal heartbeats that are either too slow or too fast. Defibrillators can assist restore the heart's rhythm if it suddenly stops beating. Different types of defibrillators function in various ways. Automated external defibrillators (AEDs), which can be seen in many public places, were created to save the lives of patients who have had cardiac arrests. In an emergency, even inexperienced onlookers can operate such devices. Other defibrillators can provide aid to those who are at high risk of dying from life-threatening arrhythmia. Implantable cardioverter defibrillators (ICDs), which are surgically implanted within your body, and wearable cardioverter defibrillators (WCDs), which are worn on the body, are two types. It may take some time and effort to adjust to living with a defibrillator, and it is critical to be aware of potential dangers and problems.
Market Dynamics
The growing emphasis on public access defibrillators (PAD) by public and private groups has spurred market expansion. Furthermore, enhanced defibrillator devices, a fast-growing senior population with an increased risk of targeted diseases, and an increase in the prevalence of cardiac diseases among people of all ages are driving the market growth. The adoption of technologically improved defibrillators and rising demand for quality medical treatment is further contributing to the market growth. Additionally, fostering the creation of next-generation external defibrillators to increase safety and effectiveness, expanding industry capability, detecting and resolving device concerns by the FDA, and focusing on the sudden cardiac arrest SCA are expected to supplement the market growth. However, product failures and recalls, rising pricing pressure on companies, and a lack of knowledge regarding SCA might limit the market's growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of defibrillators. The growth and trends of defibrillators industry provide a holistic approach to this study.
Market Segmentation
This section of the defibrillators market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Implantable Cardioverter Defibrillators ICD) (S-ICD, T-ICD (Single Chamber, Dual Chamber, CRT-D)
- External Defibrillators (ED) (Manual ED, Automated ED, Wearable Cardioverter Defibrillators)
By End-Use
- Hospital
- Pre-Hospital
- Public Access Market
- Alternate Care Market
- Home Healthcare
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Defibrillators market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Defibrillators Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Defibrillators market include Medtronic, Abbott, Boston Scientific Corp., BIOTRONIK SE & Co. KG, MicroPort Scientific Corp., Koninklijke Philips N.V., Stryker, ZOLL Medical Corp. (Asahi Kasei), Nihon Kohden Corp., Schiller AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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