Press release
Global Hospital and Pre-Hospital External Defibrillator Market to Garner $3,737 million by 2025 | 6.4% CAGR
The Hospital and Pre-Hospital External Defibrillator Market refers to the global market for devices that deliver an electric shock to the heart to restore its normal rhythm in cases of cardiac arrest. These devices are primarily used in hospital and pre-hospital settings, such as ambulances and emergency medical services (EMS).The market includes various types of external defibrillators, such as manual external defibrillators, automated external defibrillators (AEDs), and wearable cardioverter defibrillators (WCDs). These devices are used to treat a range of cardiac conditions, including ventricular fibrillation and ventricular tachycardia.
"Hospital and Pre-Hospital External Defibrillator Market by Type, and End User: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global hospital and pre-hospital external defibrillator market was valued at $2,260 million in 2017, and is expected to reach $3,737 million by 202
5, growing at a CAGR of 6.4% from 2018 to 2025. In terms of volume, the market accounted for 727 thousand units in 2017 and is projected to reach 1,364 thousand units by 2025, growing at a CAGR of 8.1% during the forecast period.
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The major factors such as rise in incidence of cardiovascular diseases, technological advancements in defibrillator device, higher number of unmet medical needs for treatment of sudden cardiac arrest, surge in awareness of automated external defibrillators in developing economies, and increase in geriatric population, are anticipated to boost the market growth. However, higher cost of defibrillators is projected to hamper the growth of the market. Conversely, rise in adoption of external defibrillators and lucrative opportunities in emerging economies are the factors projected to make way for numerous growth opportunities during the forecast period.
The external defibrillator market is segmented as automated and manual. The automated external defibrillator segment dominated the global market in 2017 and is expected to maintain this trend throughout the analysis period. Moreover, the automated external defibrillator segment is expected to experience rapid growth during the forecast period. increase in demand for automated external defibrillators in the developed economies such as North America & Europe, and rise in awareness in developing economies further boost the market growth.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐๐ ๐๐๐ ๐๐ฌ ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐ก๐๐ซ๐ญ๐ฌ, ๐๐๐๐ฅ๐๐ฌ,๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ) https://www.alliedmarketresearch.com/checkout-final/ff3311ffe97a279cc31a130ba7d588fc
The external defibrillator market is categorized as hospitals and pre-hospitals. The hospitals segment is the largest revenue contributing segment in the global hospital and pre-hospital external defibrillators market due to the higher usage of external defibrillators within hospitals specially in ICU, and emergency rooms.
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐ฌ๐ฉ๐ข๐ญ๐๐ฅ ๐๐ง๐ ๐๐ซ๐-๐๐จ๐ฌ๐ฉ๐ข๐ญ๐๐ฅ ๐๐ฑ๐ญ๐๐ซ๐ง๐๐ฅ ๐๐๐๐ข๐๐ซ๐ข๐ฅ๐ฅ๐๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ:
Based on type, the manual external defibrillator segment accounted for more than one third share of the global hospital and pre-hospital external defibrillators market in 2017 (in terms of volume).
Based on end user, the pre-hospital segment is expected to grow at a CAGR of 7.6% from 2018 to 2025 in terms of value.
North America accounted for more than one half share of the global market in 2017.
Asia-Pacific is expected to provide lucrative growth opportunities in the market and grow at a CAGR of 8.6% from 2018 to 2025 in terms of value.
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