Defibrillators Market Key Insights, Profiling Companies and Growth Strategies

Defibrillator Market Outlook 2031

• The global defibrillator market was valued at US$ 7.2 Bn in 2021
• It is estimated to expand at a CAGR of 8.9% from 2022 to 2031
• The global defibrillator market is expected to cross value of US$ 16.3 Bn by the end of 2031

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Analysts' Viewpoint on Global Defibrillator Market Scenario

The rising number of home care settings due to the coronavirus pandemic has led to a rise in demand for defibrillators and created alternative revenue streams for med-tech companies in the defibrillator market. Although implantable cardioverter-defibrillators are linked with advantages for patients who have suffered a heart failure, risks of these devices such as tearing of heart muscle and collapsed lung are affecting its adoption. Hence, med-tech companies in the defibrillator market and healthcare practitioners should increase awareness about consent forms & precautions for implantation to avoid adverse events in individuals and prevent unnecessary healthcare burdens. Companies in the defibrillator market should diversify their product portfolio in automated external defibrillators and wearable cardioverter-defibrillators to accurately analyze a person's heart rhythm & deliver an electric shock to save the person from irregular heart function.

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Overview of Global Defibrillator Market

Defibrillators are medical devices that deliver an electric shock or pulse to the heart in order to restore normal heartbeat. These are used to prevent or treat arrhythmias, which are irregular heartbeats that are either too slow or too fast. AEDs (automated external defibrillators) are portable, life-saving devices used to treat people who have suffered sudden cardiac arrest, a medical condition in which the heart suddenly and unexpectedly stops beating.

Automated external defibrillators (AEDs), which are now widely available in public places, are used to save the lives of people who have suffered a cardiac arrest. In an emergency, even untrained bystanders can use these devices. Other defibrillators can help people who are at high risk of dying from a life-threatening arrhythmia. Implantable defibrillators were only recommended for cardiac arrest survivors. With upgrade of surgical techniques and advancement in technology, defibrillator implantation is now considered an outpatient procedure.

Thus, Increase in research funding, rise in government support, improvements in regulatory framework, technological advancements, and surge in prevalence of chronic diseases are projected to drive the global defibrillator market during the forecast period.

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Increase in Incidence of Cardiac Disease and Risk of Cardiac Arrest to Fuel Global Market

Cardiovascular diseases (CVDs) are the leading cause of death globally, claiming the lives of an estimated 17.9 million people every year. Coronary heart disease, cerebrovascular disease, rheumatic heart disease, and other heart & blood vessel disorders are classified as CVDs. Heart attack and stroke account for more than four out of every five CVD deaths, with one-third of these deaths occurring before the age of 70. Sudden cardiac death is the leading cause of natural death in the U.S., accounting for around 325,000 adult deaths each year. Half of all heart disease deaths are caused by sudden cardiac death.

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