Defibrillator Market 2020 Forecast Analysis by 2026: Medtronic, Jude Medical LLC, Boston Scientific Corporation, LivaNova, Koninklijke Philips, etc.

According to the current analysis of Reports and Data, the global defibrillator market size was valued at USD 9.67 Billion in 2018 and is expected to reach USD 12.67 Billion by year 2026, at a CAGR of 3.4% A defibrillator is a device that gives a high energy electric shock to the heart of someone who is in cardiac arrest. Defibrillation is a technique used in emergency medicine to terminate ventricular fibrillation or pulseless ventricular tachycardia. These products in the global defibrillator market include external, transvenous, or implanted depending on the type of device used or needed. Each type of device works by checking for arrhythmias, or irregular heart rhythms. Moreover, main reasons for defibrillator market to flourish is growing prevalence of cardiac arrests and other cardiovascular complications predominantly irregular heartbeats. Sanctions for the usage of automated external defibrillators at public places by various cardiology and medical societies has helped rapidly increased the adoption rate in developed economies. This trend is likely to continue over the forecast period, thereby providing stellar opportunities to the players involved in the global defibrillator market.

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Companies considered and profiled in this market study

Medtronic, Jude Medical LLC, Boston Scientific Corporation, LivaNova, Koninklijke Philips, ZOLL Medical Corporation, Cardiac Science, Physio-Control, Nihon Kohden Corporation, Defibtech, HeartSine Technologies, Progetti Srl, Fukuda Denshi Co, and Schiller AG

For the purpose of this study, Reports and Data have segmented the Global Defibrillator market analysis on the basis of type, end use, and region:

Global Defibrillator Market, by Regional Outlook (Revenue in USD Million; 2016–2026)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

Global Defibrillator Market, by Type (Revenue, USD Million; 2016–2026)
Implantable Cardioverter Defibrillator

Global Defibrillator Market, by End use (Revenue in USD Million; 2016–2026)
Hospital
Prehospital
Public Access Market
Alternate Care Market
Home Healthcare

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Further key findings from the report suggest

1. Hospitals have a substantial contribution to the growth of implantable and external defibrillators as implantable defibrillators are accessible mostly in the hospitals. Therefore, hospitals accounted for the largest segment in the defibrillator market with a market share of 53.8%

2. To stop or reduce these sudden and untimely deaths, defibrillator is used to improve the chances of survival. Nearly, 350,000 Americans die from heart disease. Most of these deaths occur with little or no warning, from a syndrome called sudden cardiac arrest

3. High level of technological advancements and research in the region helped North America to hold largest share of 38.4% in the year 2018 thus, flourishing the growth of the global defibrillator market

4. Implantable Cardioverter Defibrillator held for the largest market share of approximately 51.1% in the defibrillator market. The scope of these devices has increased due to the integration of other technologies, such as pacemakers, with defibrillators

5. The survival rate outside of a hospital setting is approximately, barely, 1% to 5%, but the chance of survival increases considerably if they can be immediately treated with an AED

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