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Cardioverter Defibrillators Market Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2023

10-24-2019 10:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: AllTheResearch

A cardioverter defibrillator is either an implantable or external device that is used for the purpose of defibrillation, pacing of the heart or cardioversion. The device is used by patients who are at a high risk of death due to sudden cardiac arrest. The device checks the rhythm of the heart and when it senses abnormal beating, it sends electrical shock to restore the normal beating of the heart.

The global cardioverter defibrillator market was valued at US$ 8.2 billion in the year 2018 and is expected to reach US$ 10.67 billion by the year 2023, growing at a CAGR of 5.4%.The major factors to drive the growth of the market are the increasing prevalence of cardiovascular diseases and the rising geriatric population. Changing lifestyles have led to increased smoking and alcohol consumption and increasing obesity and technical advancement in cardioverter defibrillators which are some of the major risk factors associated with cardiac diseases.
According to the World Health Organization, cardiac diseases are the number one cause of death globally. Approximately, 17.9 million people die due to cardiovascular diseases every year across the globe, which accounts for approximately 31% of deaths globally.

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The major players in the Cardioverter Defibrillator market are Medtronic (Ireland), Boston Scientific (US), Abbott (US), Biotronik (Germany), Physio-Control (a part of Stryker) (US), Philips (Netherlands), Cardiac Science (US), Mindray Medical (China), Nihon Kohden Corporation (Japan), and Zoll Medical (US) amongst others.

An exclusive coverage is provided for market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the market and covers in-depth data related to competitive landscape of the market and the recent strategies & products that will assist or affect the market in the near future.

Global Cardioverter Defibrillator Market is analyzed by product type and end user.

According to the product type, the market is categorized into Implantable Cardioverter Defibrillator (ICD) & External cardioverter defibrillator.

Implantable Cardioverter Defibrillator (T-ICD) further segmented by
• Transvenous Implantable Cardioverter Defibrillator
• Subcutaneous Implantable Cardioverter Defibrillator

External defibrillator further segmented by
• Automated External Defibrillator (AED)
• Manual External Defibrillator
• Wearable Cardioverter Defibrillator (WCDs)

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Based on the product type, the implantable cardioverter defibrillator segment accounted for majority of the share in the market

Based on the end-user, the cardioverter defibrillators market is segmented into hospitals, public access markets, home care, and others. The hospitals sub-segment holds the largest share of overall cardioverter defibrillator market.

The analysts have distributed the cardioverter defibrillators Market into several regions such as North America, US, Canada, Mexico, Europe, UK, Germany, France, Italy, Spain, Rest of Europe, Asia Pacific, China, Japan, India, South Korea, Rest of APAC, Rest of the World, Latin America, Middle East & Africa for detailed study.

Key Questions Answered:
• What is the value of the overall cardioverter defibrillators market and its segments?
• What is the market value and volume at the regional and individual country level?
• What are the attractive segments and geographies to invest in?
• What are the key drivers, restraints, opportunities, and challenges in the market and how are they expected to impact the market?
• What are the macroeconomic indicators impacting the country's dynamics?
• Who are the key market players and their key competitors?
• Who are the major players present in each region and their key strategies?
• How are the market players positioned with respect to their business strength and product portfolio?

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ABOUT ALLTHERESEARCH:
AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realise, that it’s not just sheer data-points, but the right analysis that creates a difference.

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