|01-18-2019 11:11 AM CET - Health & Medicine||
Global Defibrillators Market Latest Models, Improve Resoureces Usability, Production Technology Integration, With Forecast Frame 2018-2026 Koninklijke Philips N.V., Metrax GmbH (Primedic), Mindray Medical International Limited
Press release from: Coherent Market Insights - Medical Devices Industry
Defibrillator is an essential tool in cardiopulmonary resuscitation indicated in cardiac arrhythmia. Various advancements have been observed in defibrillator technology – from manual to automated ones, and implantable defibrillators to ensure constant care for patients suffering from ischemic heart disease or those at high risk of cardiac arrest. A Global Resuscitation Alliance (GRA) was formed in 2016, comprising international health organizations, global resuscitation leaders, and the American Heart Association (AHA), with an objective to increase the survival rate of patients with sudden cardiac arrest, by 50%. This alliance actively works towards increasing public awareness about defibrillators and has facilitated the installation of automated defibrillators in public places for use in case of related medical emergencies. Training initiatives such as by-stander PCR training by manufacturers would considerably contribute towards improvement in survival rates, while enhancing brand visibility.
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Onboard emergency medical cases lead to major losses to airlines. Emirates handled more than 60 flight diversions in 2016 due to medical emergency and it is estimated that a single diversion could lead to losses ranging from US$ 50,000 to US$ 600,000. The airline therefore decided to set standards for emergency medical care in 2016 and have invested US$ 7 million for installing medical equipment on board which also include defibrillators.
Increasing Demand For Portable Devices Due To Low Survival Rates Among Cardiac Arrest Patients Is Expected To Drive Growth Of The Global Defibrillators Market:
According to a report by the Institute of Medicine in 2015, around 600 thousand people in the U.S. suffer from cardiac arrest annually, with over 65% of the cases in out-of-hospital settings. The survival rate of out-of-hospital setting is less than 6%, while it is 24% in hospital settings. The survival rate in out-of-hospital setting is less due to consumer’s lack of operational knowledge about defibrillators and about carrying out CPR. Therefore, various training initiatives associated with the use of defibrillators and CPR techniques has led to increasing demand for defibrillators, especially the automated ones, thereby driving growth of the market. Individuals and staffs in malls were given training on how to use defibrillators by the UAE government, who deployed defibrillators in the country. According to the American Heart Association, lack of availability of trained/skilled by-stander at the emergency site is the major factor for less survival rate of patients who suffer from sudden cardiac arrest by 7% - 10% with every minute of delay until defibrillation. Therefore, initiatives to increase awareness and accessibility to the device is expected to fuel the defibrillators market growth.
Increasing Accessibility And On-Site Availability Of Defibrillators:
Various manufacturers of defibrillators and government and non-governmental organizations have installed these life-saving devices in public and private places such as schools, airports, and malls in the markets such as the U.S., Canada, Australia, UAE and U.K., called as public access defibrillator (PAD). The UAE government deployed 82 automated external defibrillators (AED) in February 2016 across different locations in the country. Besides, a student at Delft University of Technology, Netherlands, has created a drone that carries defibrillator to the emergency site. While this is still pretty much a prototype, further research on this can significantly reduce development and installation costs of PAD, while significantly enhancing reach of defibrillators in emergency medical scenarios even in hard to reach remote locations. Also referred to as ambulance drones, clearance from air traffic laws would set commercialization of this product on the fast track, in turn driving growth of defibrillators market. However, as stated earlier, lack of training regarding proper use of these devices inhibits defibrillators market growth to a certain extent. Various manufacturers of these devices and healthcare organizations are focusing on providing training regarding CPR and proper use of PADs to address this issue.
Global Key Players:
Some of the major manufacturers in the global defibrillators market include
• Koninklijke Philips N.V.
• Metrax GmbH (Primedic)
• Mindray Medical International Limited
• Medical Information Technology, Inc.
• ZOLL Medical Corporation
• Philips Healthcare
• GE Healthcare.
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Global Defibrillators Market, By Product Type:
• Implantable Cardioverter Defibrillator
• Single Chamber Implantable Cardioverter Defibrillator
• Dual Chamber Implantable Cardioverter Defibrillator
• Manual External Defibrillator
• Automated External Defibrillator
• Wearable Cardioverter Defibrillators
Global Defibrillators Market, By End User:
• Public Access
• Emergency Medical Services
• Homecare Settings
• Work Spaces
Global Defibrillators Market, By Geography:
• North America
• Latin America
• Middle East
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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This release was published on openPR.
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