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What are the Major Drivers, Demand, Restraints, Threats, And Opportunities in The Global North America Defibrillators Market? Research Report by Leading Key Players – Philips, Abbott, Boston Scientific, Stryker, Medtronic, BIOTRONIK, SCHILLER, Asahi Kas
Surging geriatric population, rising incidence of cardiac diseases, and growing demand for automated external defibrillators (AEDs) are some of the key factors driving the market growth.External defibrillators and implantable cardioverter defibrillators (ICDs) are the two products in the North American defibrillators market. The ICD category is further bifurcated into transvenous implantable cardioverter defibrillators (T-ICDs) and subcutaneous implantable cardioverter defibrillators (S-ICDs). Among these two, T-ICD is expected to be the faster growing category in this market, advancing at a CAGR of 4.3% during the forecast period.
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The report further classifies the North American T-ICDs market into CRT-Ds, dual-chamber ICDs, and single-chamber ICDs. The market for CRT-Ds is expected to generate $2.0 billion revenue by 2023, mainly on account of the increasing demand for CRT-Ds for the treatment of advanced heart failure.
Among the various external defibrillators available in the North American defibrillators market, automated external defibrillator (AED) is expected to lead the market, in terms of size as well as growth, in the coming years. This category is expected to grow at the fastest CAGR of 5.9% during the forecast period.
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Given the growing awareness about the life-saving potential of defibrillators in case of emergencies, the installation of these devices is increasing in public places such as train stations, schools and colleges, shopping centers, airports, malls, and leisure centers. These defibrillators are also known as public access defibrillators (PADs), as they can be used by anyone during an emergency.
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The key players in the North American defibrillators market are Koninklijke Philips N.V., Abbott Laboratories, Boston Scientific Corporation, Stryker Corporation, Medtronic plc, BIOTRONIK SE & Co. KG, SCHILLER AG, Asahi Kasei Corporation, Defibtech LLC and Cardiac Science Corporation.
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