Global External Defibrillators Market is poised to witness a significant CAGR of 11% from 2021 to 2026 - Key Market Players are Stryker, Koninklijke Philips, Asahi Kasei, Nihon Kohden, Mindray Medical

An external defibrillator is used to help people suffering from sudden cardiac arrest to restore normal rhythm of the heart. It is an advanced, yet simple-to-use medical equipment that can assess the heart's rhythm and, if required, provide an electrical shock or defibrillation, to assist the heart in regaining a healthy rhythm.

Rising cases of sudden cardiac arrest, increasing focus of market players to develop technologically advanced products, initiatives taken by government and private organizations to install AEDs at public places, and growing adoption of sedentary lifestyle among general population are some of the key factors driving the Global External Defibrillators Market.

Technological Advancements in External Defibrillators Market to fuel its Market Demand

Continuous advances in both manual and automatic external defibrillators have enabled to develop efficient devices with smarter operations such as rapid shock delivery, voice prompts, and small size, among others. Such advancements tend to provide competitive edge to manufacturers and therefore, major players are continuously focusing on new product development to strengthen their position in this market. Some of the new product developments are listed below:
• In March 2022, Avive raised $22 million in Series A funding round for the development of an intelligent automated external defibrillator technology and connected platform to decrease death due to out-of-hospital cardiac arrest.
• In November 2020, HeartHero received CE mark approval for its automated external defibrillator (AED) 'Elliot', which is one of the low-cost portable devices featuring easy-to-use operations weighing just over a pound.
• In June 2020, Philips received pre-market approval for its HeartStart FR3 and HeartStart FRx AEDs from the US Food and Drug Administration (FDA). The HeartStart FR3 is a professional-grade AED designed for medical personnel and first-responders while the HeartStart FRx is a public-access AED for emergency use at public places.

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Public-access defibrillation initiatives to boost adoption of External Defibrillators Market

Sudden cardiac arrest (SCA) is one of the leading causes of death across the globe. Furthermore, rising geriatric population prone to heart defects due to progressive deterioration in the structure and function of the heart and adoption of sedentary lifestyle by general population largely contributes to incidences of SCA at public places. To address this concern, a number of initiatives have been taken by public and private authorities to increase access to external defibrillators or provide funds to support such programs-
• In December 2021, the city of Vancouver has approved a motion put forward by St. John Ambulance B.C. & Yukon to place 1,000 AEDs and first aid supplies throughout the city.
• In September 2021, the governing body of men's and women's lacrosse in the US - USA Lacrosse, entered in a three-year partnership with Stryker to be an official AED provider to US National Teams and USA Lacrosse at discounted pricing.
• In May 2021, the Leona M. and Harry B. Helmsley Charitable Trust has awarded a $6.4 million grant to the Nebraska Department of Health and Human Service (DHHS) for the distribution of 2,500 AEDs throughout the state.
• In March 2021, the government in Canada announced an investment of $700,000 to purchase up to 350 AEDs and place them at all the public schools in Nova Scotia.

Competitive Landscape Analysis: External Defibrillators Market

The external defibrillators market is marked by the presence of key players such as Stryker Corporation (US); Koninklijke Philips N.V. (Netherlands); Asahi Kasei Corporation (Japan); Nihon Kohden Corporation (Japan); Mindray Medical International Ltd. (China); and others.

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Ruta Halde
Associate, Medi-Tech Insights
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Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

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