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Automated External Defibrillator (AED) Market Analysis, Top Companies, New Technology
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A significant trend being observed around the world is the growing focus on the installation of AEDs in public places. These life-saving devices are being installed in public places, such as schools, colleges, railway stations, airports, and malls, in the wake of the increasing prevalence of cardiac emergencies. Many organizations in the U.S. are taking the initiative to install public-access defibrillators (PADs), to provide people suffering from SCA or arrythmias with immediate help, thereby leading to the growth of automated external defibrillator (AED) market.
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The automated external defibrillator (AED) market is competitive in nature, and the existing players are adopting various strategic measures, such as product launches, and mergers and acquisitions, to maintain their position in the market. The strategies are helping companies develop innovative and advanced the AEDs to assist the public, which automatically increases the focus of healthcare professionals and patients on using them. Thus, the demand for upgrading the technology and introducing advanced products is boosting the market growth prospects.
The market displays considerable growth potential for the forecast period due to the demand for advanced devices and the increasing geriatric population that requires AEDs in cases of SCA.
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