COVID-19 Impact on Defibrillators Market 2020 | Asahi Kasei Zoll Medical Corporation, Biotronik, Boston Scientific Corporation, Koninklijke Philips N.V., LivaNova PLC, Medtronic Inc.,.............

The global defibrillators market grew at a CAGR of around 8% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.

A defibrillator stands for a medical device that provide therapeutic shock by sending electric pulses to the patient’s heart. It is majorly employed in life-threatening conditions to restore normal heartbeat. Some common defibrillators include automated external defibrillators (AED), manual/wearable external defibrillators, implantable cardioverter defibrillators (ICDs), etc. These devices are primarily used in healthcare facilities, cardiac centers, and prehospital care units.

Defibrillators Market Trends:

The increasing geriatric population, along with the high prevalence of lifestyle conditions, such as diabetes, hypertension, etc., has augmented the risk of cardiovascular diseases. Furthermore, the growing incidences of sudden cardiac arrest (SCA) have catalyzed the demand for advanced medical devices, such as defibrillators. Additionally, the market is also driven by the rising adoption of ICDs across various healthcare centers. The rapid integration of advanced ICDs with innovative subcutaneous and transvenous patches for several ergonomic benefits, further augments the market growth. Various technological advancements in wearable cardioverters for mitigating the risk of SCAs have also boosted the demand for defibrillators. Apart from this, the implementation of various healthcare initiatives promoting awareness and training for using defibrillators will continue to bolster the market growth in the coming years.

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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Key Market Segmentation:

The report has segmented the market on the basis of Product Type, End-User, and Region.

Breakup by Product Type:

Implantable Defibrillators
Transvenous Implantable Cardioverter Defibrillator (T-ICDs)
Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs)
Cardiac Resynchronization Therapy- Defibrillator (CRT-D)
External Defibrillators
Manual External Defibrillator
Automated External Defibrillator (AEDs)
Wearable Cardioverter Defibrillator (WCDs)

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Breakup by End-User:

Hospitals and Clinics
Prehospital Care Settings
Cardiac Centers
Homecare Settings
Others

Market Breakup by Region

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

Key highlights of the report:

Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure
Profiles of Key Players

Key highlights of the report:

Market Performance

Market Outlook

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Competitive Structure

Profiles of Key Players

The report has also analysed the competitive landscape of the market with some of the key players being Asahi Kasei Zoll Medical Corporation, Biotronik, Boston Scientific Corporation, Koninklijke Philips N.V., LivaNova PLC, Medtronic Inc., Nihon Kohden Corporation, Schiller AG, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Stryker Corporation, etc.

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