Defibrillator Market Size, SWOT Analysis, Top Leading Players, Growth and Forecast Report 2030

As per a report by P&S Intelligence, the defibrillator market will advance at a rate of 7.2%, to reach USD 20,281.6 million, by 2030.

Key factors driving the growth of the industry are the rising number of strategic developments among key players, quick advancements in defibrillator technology, and the increasing incidence of cardiac diseases.

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Based on type, the ICDs category accounted for the larger share of the industry in recent years, and it is likely to dominate the industry throughout this decade. This is credited to the growing emphasis of players on developing technologically advanced ICDs and rising product launches.

In the past few years, the adult patient type category accounted for the larger share of the industry, and it will demonstrate faster growth in the years to come. This is because the incidence of sudden cardiac arrest in the adult population is significantly higher than in the elderly population.

In the past few years, the defibrillator market is dominated by the direct distribution channel category, and it will hold a larger share in the coming years. This is mainly because, customers typically favor buying them from manufacturers, instead of buying them online.

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Based on end users, the public-access settings category will witness the fastest growth in the coming years. This is ascribed to the increasing prevalence of cardiovascular diseases, rising adoption of technologically advanced products, quickly enhancing healthcare infrastructure in various nations, and growing public awareness-raising campaigns and conferences being conducted by public and private organizations.

In recent years, the defibrillator industry was dominated by North America, and it will maintain its dominance in the years to come. The developed healthcare infrastructure, presence of key players, mounting investments by private and public organizations for R&D on defibrillators, and the existence of advantageous reimbursement policies.

A key trend observed in the defibrillator industry is the deployment of automated external defibrillators in public spaces, for instance, airports, leisure centers, shopping centers, railway stations, malls, and colleges & schools.

Top Key Players in the Defibrillator Market include:
• CU Medical System Inc.
• MicroPort Scientific Corporation
• LivaNova PLC
• Progetti S.r.l.
• Koninklijke Philips N.V.
• BIOTRONIK SE & Co. KG
• Nihon Kohden Corporation
• SCHILLER AG
• Stryker Corporation
• Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
• ZOLL Medical Corporation
• Mediana Co. Ltd.
• Opto Circuits India Ltd.
• Abbott Laboratories
• Boston Scientific Corporation
• Medtronic plc
• Defibtech LLC
• Cardiac Science Corporation

Over the past few years, numerous developments have been made in the defibrillation technology. For instance, ZOLL Medical Corporation developed a lightweight defibrillator LifeVest that can be worn easily by patients at risk of SCA. This device monitors the heart rhythm of the patient regularly and when it detects any abnormality it produces a shock for restoring the normal heart rhythm.

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In the past few years, the players in the industry have been involved in strategic developments, for instance, product launches, to maintain a competitive edge.

It is because of the increasing prevalence of cardiac diseases, the rising elderly population, and advancement in defibrillation technology, the growth of the defibrillator industry will continue to grow in the years to come.

Market Size Breakdown by Segment

By Type
• Implantable Cardioverter Defibrillators (ICDs)
o Transvenous implantable cardioverter defibrillators (T-ICDs)
o Subcutaneous implantable cardioverter defibrillators (S-ICDs)
• External Defibrillators
o Manual defibrillators
o Automated defibrillators (AEDs)
By Patient Type
• Adult
• Pediatric
By Distribution Channel
• Direct
• Indirect
By End User
• Hospitals, Clinics, & Cardiac Centers
• Pre-Hospital Care Settings
• Public Access Settings
• Home Care Settings

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