Defibrillator Market Analysis Growth Factors and Dynamic Demand by 2030

Global defibrillator market size was valued at $13,168 million in 2020, and is projected to reach $24,608.3 million by 2030, registering a CAGR of 6.6% from 2021 to 2030.

Defibrillators are referred to as devices that are used for transmitting electric pulse to the heart so as to regularize abnormal heartbeat. They are predominantly used to prevent arrhythmia which causes uneven heartbeat. The most commonly used defibrillator types are implantable and external.

Overview
Growing pervasiveness of cardiac disorders, increasing healthcare expenditure, and surging technological advancements in the field are positively swaying the dynamics of this marketplace. Furthermore, increase in geriatric populace, escalating demand for quality medical care, and rise in the number of awareness programs pertaining to the use and benefits of defibrillators are adding momentum to the industry awareness. Also, growing R&D investments in the field and rising focus of manufacturers to develop highly innovative and efficient defibrillators are augmenting the overall market outlook. On the contrary, lack of proper healthcare infrastructure across various regions and dearth of favourable medical reimbursement policies are impeding the remuneration scope of this industry vertical.

Key Trends
There has been a steep rise in the pervasiveness of cardiac ailments. This is powered by factors such as unhealthy eating habits, sedentary lifestyle, hectic work schedule, weight issues, and many more. Sudden heart attacks and instances of arrhythmia has become quite common in today era. This is turn is escalating the demand for defibrillators across the globe.

The sudden outbreak of the COVID-19 pandemic had a positive influence on the trends of this market place. With rising infection rates, government across the globe shifted their focus towards the enhancement of healthcare infrastructure. Moreover, people having cardiac issues were at high risks since coronavirus is known to harshly affect the lungs and heart. This led to prompt surge in the occurrences of COVID-19 induced heart attacks, necessitating the use of defibrillators across the globe.

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Global Defibrillator Market: Major Players
Physio-Control Inc
St. Jude Medical LLC
Zoll Medical Corporation
Nihon Kohden Corp
Medtronic
Cardiac Science
LivaNova
Philips Healthcare

Global Defibrillator Market: By Types
External Defibrillator (ED)
Implantable Cardioverter Defibrillator

Global Defibrillator Market: By Applications
Hospital
Prehospital
Public Access Market
Alternate Care Market
Home Healthcare

Global Defibrillator Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Defibrillator market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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1. Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
2. Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
3. Provision of market value data for each segment and sub-segment
4. Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
5. Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
6. Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
7. The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
8. Market dynamics scenario, along with growth opportunities of the market in the years to come

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