Defibrillators Market 2018 | Revenue Opportunities By Top Players Medtronic, St. Jude Medical, Koninklijke Philips N.V., Schiller AG, Cardioline SpA, Mindray Medical, ZOLL Medical Corporation, Boston Scientific Corporation, GE Healthcare, Bexen Cardio
Request Free Sample Copy @ www.coherentmarketinsights.com/insight/request-sample/115
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.
The global defibrillators market was valued at US$ 11,820 million in 2015.
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.
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.
Get PDF Brochure for Research Insights @ www.coherentmarketinsights.com/insight/request-pdf/115
Defibrillators have improved significantly in terms of cost, size reduction and ease of operation. Two of the most important of these advancements are development of automated external defibrillator (AED) and implantable cardioverter defibrillator (ICD). These devices help prevent cardiac attacks, with little or no external assistance irrespective of the time and location in case of any major variations in heartbeat. However, cases of inappropriate functioning leading to hospitalization or even death of the patient has led to implementation of stringent regulations for approval and usage of the devices at potential patient sites. The U.S. FDA in 2015 issued an order to include pre-marketing approval (PMA) submission for all the prevalent and new defibrillators.
Key companies covered as a part of this study include Medtronic, St. Jude Medical, Koninklijke Philips N.V., Schiller AG, Cardioline SpA, Mindray Medical, ZOLL Medical Corporation, Boston Scientific Corporation, GE Healthcare and Bexen Cardio
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
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.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Defibrillators Market 2018 | Revenue Opportunities By Top Players Medtronic, St. Jude Medical, Koninklijke Philips N.V., Schiller AG, Cardioline SpA, Mindray Medical, ZOLL Medical Corporation, Boston Scientific Corporation, GE Healthcare, Bexen Cardio here
News-ID: 1803105 • Views: 188
More Releases from Coherent Market Insights (CMI)
Biosimilar Pipeline Analysis Market is See Incredible Growth? Biocon, Pfizer Inc …
Biosimilar market is under the initial phase of development, they are used for the treatment of various disorders such as autoimmune disease, cancer as per National Institute of Health 2012 report, there were more than 23.5 million people living with autoimmune disease in the U.S. and low pricing of biosimilar drugs make them affordable for people. Free Request Sample Copy of This Report: www.coherentmarketinsights.com/insight/request-sample/582 The same mechanism of action provides effective
Comprehensive Analysis of Luxury Jewelry Market Key Players: Gucciogucci S.P.A., …
Global luxury jewelry industry is as dynamic as it is fast growing. Global luxury jewelry market is highly fragmented and mostly driven by consumer behavior and fashion trends. Therefore, jewelry manufacturers need to be focused on changing trends and developments to compete in global and local market. Several companies that manufacture luxury jewelry are adopting various organic and inorganic growth strategies, in order to sustain their market position. Mergers, acquisitions, expansions
What are the Major Factors that will Drive Tissue Products Market Trends? Key Pl …
Tissues are class of papers which can be unglazed, glazed, or creped. Tissue products show properties such as light weight, strength, softness and absorbency. Tissue products offers advantages such as prevention of bacterial infection when used for hand drying, which reduces the risk of communicable diseases such as cold and flu, this in turn is driving growth of the tissue products market. The development of innovative products is another factor propelling
Future of Well Intervention Market 2018 -2026 by Analyzing Key Players like Schl …
Well intervention refers to any operation that is carried out during the productive life of an oil and gas well. Depletion in oil reserves backed by increasing demand for energy is leading to improved production activities to extend the life of the well. Companies are focusing on developing new technologies to facilitate well intervention operations. For instance, in 2017, C6 Technologies, an oilfield technology company, launched ComTrac system, which can be