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Global Defibrillator Market 2023 : Cardiovascular disease patients numbers outnumbering previous records, boosting defibrillator market growth
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One of the main drivers of the defibrillator market is the growing prevalence of cardiovascular diseases. Cardiovascular diseases are a leading cause of death worldwide, with millions of people affected each year. Defibrillators are a critical tool in the treatment of cardiac arrest, and as the prevalence of cardiovascular diseases continues to rise, the demand for defibrillators is also expected to increase.
Companies
Medtronic
Abbott
Boston Scientific Corporation
Stryker
Zoll Medical Corporation
Biotronik
Nihon Kohden Corporation
METRAWATT International
Datrend Systems
Fluke
BC Group International
Netech
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Another factor driving the growth of the defibrillator market is the increasing demand for advanced medical technologies. With the rapid pace of technological advancement, patients and healthcare providers are increasingly seeking more advanced and effective medical technologies. Defibrillators have undergone significant technological advancements in recent years, including the development of implantable defibrillators, which have further expanded the market for defibrillators.
The defibrillator market is also benefiting from increasing awareness and training around cardiopulmonary resuscitation (CPR) and the use of defibrillators. In many countries, CPR training and defibrillator access are now required in public places, such as airports and public buildings, increasing the accessibility and demand for defibrillators.
Competition Landscape
Defibrillator Market companies are constantly upgrading and increasing their product offerings. Innovation of next-generation external defibrillators, which are expected to increase safety and efficacy, is expected to generate profitable prospects for the market.
Some of the recent developments by key defibrillator providers are as follows:
In July 2020, Phillips gained FDA 510 (k) clearance in July 2020 for their professional defibrillator (Tempus LS- Manual), allowing them to market their remote monitor and defibrillator system (Tempus ALS) to EMS clients in the United States.
In June 2020, Asahi Kasei Corporation, ZOLL Medical has received premarket authorization due to its ZOLL AED defibrillator, which offers enhanced real-time CPR support, and integrated child safety, including wifi device.
In February 2020, Abbott has received CE Mark for its innovative Gallant implanted cardioverter defibrillator (ICD) and cardiac resynchronization therapy defibrillator (CRT-D) devices. The gadgets provide new opportunities for patient contact and remote monitoring due to improved smartphone connectivity and accompanying apps. Other benefits include a patient-friendly design, longer battery life, and MRI compatibility.
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Market Segments Covered in Defibrillator Market Analysis
By Component
Implantable Cardioverter Defibrillators (ICD)
External Defibrillators (ED)
By Type
S-ICD
T-ICD
Manual ED
Automated ED
Wearable Cardioverter Defibrillators
By End Use
Hospital
Pre Hospital
Public Access Market
Alternate Care Market
Home Healthcare
By Region
North America
Latin America
Europe
APAC
MEA
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