Automated External Defibrillator Market Industry Trends, Estimation & Forecast, 2018 - 2025

External defibrillators are light weight and portable devices used to deliver therapeutic shock to a patient's heart in life-threatening conditions, such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia. These devices are important to deliver a rapid response to the victims of cardiac arrest. In terms of volume, the hospital and pre-hospital external defibrillators market accounted for 727 thousand units in 2017 and is projected to reach 1,364 thousand units by 2025, growing at a CAGR of 8.1% during the forecast period.

The external defibrillators market for hospital and pre-hospital is expected to experience significant growth owing to rapid rise in geriatric population with elevated risk of cardiovascular diseases, increase in incidence of cardiovascular diseases, and high presence of unmet medical needs especially in untapped economies, during the forecast period. However, limited insurance coverage and high cost of defibrillators is projected to impede the market growth. However, lucrative opportunities in emerging economies and surge in adoption of external defibrillators in hospital & pre-hospital treatment provide growth opportunities during the forecast period.

The hospital and pre-hospital external defibrillators market was valued at $2,260 million in 2017 and is projected to reach $3,737 million by 2025, growing at a CAGR of 6.4% during the forecast period.

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Based on type, the external defibrillator market is segmented as automated and manual. In terms of volume, the automated external defibrillator segment dominated the global market in 2017 and is expected to maintain this trend throughout the analysis period. Moreover, the automated external defibrillator segment is anticipated to experience rapid growth during the forecast period. Some key factors such as technological advancements in automated external defibrillator, rise in adoption of automated external defibrillators in the developed economies such as North America & Europe, and increase in awareness in developing economies further boost the market growth.

Based on end user, the global hospital and pre-hospital external defibrillator market is segmented into hospitals and pre-hospital, the hospital segment is further classified into general wards, ICU, emergency room (ER), and others. Similarly, the pre-hospital segment is further divided into emergency medical services (EMS), fire departments, police, private transport companies, and others. The hospital segment is expected to dominate the global external defibrillator market throughout the forecast period, owing to surge in number of hospitals and higher usage of defibrillators within hospitals.

Based on region, the market is studied across North America (U.S., and Canada), Latin America (Brazil and Mexico), Europe (Germany, France, the UK, Italy, Spain, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and rest of Asia-Pacific), and the Middle East and Africa (Saudi Arabia, South Africa, and rest of Middle East and Africa).

The key players profiled in this report include Asahi Kasei Corporation, Aurora Capital Group. (Cardiac Science Corporation), General electric company, Koninklijke Philips N.V., Mediana Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Nihon Kohden Corporation, Progetti srl, Schiller AG, Stryker Corporation.

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