Defibrillators Market Is Booming Worldwide 2021-2028 | Koninklijke Philips N.V., Metrax GmbH, Medtronic

Market Overview:

Defibrillators are devices that deliver a powerful dose of electric current to the heart. They are used to treat several life-threatening cardiac rhythm disorders. The defibrillator helps restore normal heart rhythm and prevent further complications. However, the device can cause complications and can cause harm to the patient. For this reason, it is important to learn more about the defibrillator before purchasing one. There are two basic types of defibrillators: manual and automated. The first is the automatic type. It is very easy to operate and is a good option for first responders. The second type is called a manual device. The manual version can be used to change the shock frequency and intensity. The third type is the non-automated model. Typically, a person in systole will need intravenous medication or emergency CPR before a defibrillator can be used. The following are some important precautions to consider when using a defibrillator.

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Competitive Landscape:

Major players operating in the global defibrillators market include METsis Medikal, Progetti Medical Equipment Solutions, HeartSine Technologies, Cardioline SpA, SCHILLER AG, BPL Medical Technologies, Laerdal, Physio-Control, Mindray Medical, CU Medical Systems, Mediana, MicroPort, Nihon Kohden, Koninklijke Philips N.V., ZOLL Medical Corporation, Boston Scientific, St. Jude Medical, and Medtronic.

Key Market Drivers:

The increasing incidence of target diseases, such as tuberculosis in the world is expected to hold a major share of the global defibrillators market. For instance, according to reports by World Health Organization, in 2020 around 10 million individuals in the world were diagnosed with tuberculosis, which made TB the 13th leading cause of mortality and the 2nd leading infectious killer right after the COVID-19. Defibrillators are designed to stop a heart from beating and are very effective in helping a patient recover from cardiac arrest. This condition is caused by a lack of electrical resistance. The electrical shocks emitted from a defibrillator will interrupt these irregular impulses, resulting in a more efficient treatment, and reduced risks for the patient. The first is the automatic external defibrillator (AED), which uses prerecorded voice instructions and is portable. Increasing cardiac illnesses in the world are estimated to boost the growth of the global defibrillators market.

Covid-19 Impact Analysis:

During the ongoing COVID-19 pandemic, other health issues also accelerated, which significantly increased the demand in the global defibrillators market. And owing to this, several key market players have continues to focus on launching new products and taking into account new strategies for market growth. For instance, in April 2020, Philips announced that the Emergency Care and Resuscitation business owned by the businesses is restarting the production and shipment of the external defibrillators in the United States.

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Key Takeaways:

The size of the global defibrillators market was assessed at around US$ 9.6 billion in the year 2019, and increasing at a CAGR of 3.4% to reach around US$ 11.7 billion by the year 2025, owing to the increasing prevalence of target diseases in the world. For instance, according to Down To Earth, in 2018 there were 16,651 Diptheria cases in the world.

North America is expected to hold a major share of the global defibrillators market, owing to the increasing prevalence of cardiac issues in the region. For instance, according to Healthline Media, in 2018, around 30.3 million U.S. adults were diagnosed with cardiovascular issues.

The Asia Pacific is estimated to witness significant growth in the global defibrillators market, owing to the increasing expansion of hospitals in the region. For instance, Institut Montaigne, India has around 43,486 private hospitals.

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Defibrillators Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Defibrillators Industry Impact

Chapter 2 Global Defibrillators Competition by Types, Applications, and Top Regions and Countries
2.1 Global Defibrillators (Volume and Value) by Type
2.3 Global Defibrillators (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Defibrillators Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Defibrillators Market Analysis
Chapter 6 East Asia Defibrillators Market Analysis
Chapter 7 Europe Defibrillators Market Analysis
Chapter 8 South Asia Defibrillators Market Analysis
Chapter 9 Southeast Asia Defibrillators Market Analysis
Chapter 10 Middle East Defibrillators Market Analysis
Chapter 11 Africa Defibrillators Market Analysis
Chapter 12 Oceania Defibrillators Market Analysis
Chapter 13 South America Defibrillators Market Analysis
Chapter 14 Company Profiles and Key Figures in Defibrillators Business
Chapter 15 Global Defibrillators Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology

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