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External Defibrillators Market Set to Surge to $5.2 Billion Globally by 2031, Propelled by a 7.0% CAGR, Unveils Allied Market Research
External Defibrillators Market
External Defibrillators Market Sample Report: Allied Market Research recently unveiled a comprehensive report titled "External Defibrillators Market by Product Type and End User: Global Opportunity Analysis and Industry Forecast, 2021-2031." The report sheds light on the dynamic landscape of the global external defibrillators industry, forecasting substantial growth from $2.7 billion in 2021 to an estimated $5.2 billion by 2031, marking a noteworthy CAGR of 7.0% over the forecast period.
๐๐ฑ๐ญ๐๐ซ๐ง๐๐ฅ ๐๐๐๐ข๐๐ซ๐ข๐ฅ๐ฅ๐๐ญ๐จ๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/request-sample/2109
Driving Forces, Challenges, and Opportunities:
The market's growth is propelled by a surge in the development of public access defibrillators (PAD) by both public and private organizations, an increase in the number of key players innovating advanced defibrillator devices, and a rising incidence of cardiac diseases. However, market players face challenges in the form of pricing pressures. Despite this, opportunities abound with the adoption of technologically advanced defibrillator devices, growing demand for quality medical care, and an increasing prevalence of sudden cardiac arrest (SCA).
Covid-19 Impact and Market Resilience:
The Covid-19 pandemic presented challenges to the external defibrillators market, causing a reduction in the demand for public access defibrillators (PAD) due to widespread lockdowns. Manufacturing activities faced hindrances, with shortages of raw materials, disrupted supply chains, and a scarcity of workforce. Despite these setbacks, the market is expected to rebound as restrictions ease, emphasizing the resilience of the external defibrillators sector.
Segmental Analysis: AEDs Leading the Charge:
The automated external defibrillator (AED) segment emerged as the frontrunner in 2021, contributing to over two-thirds of the global market. It is poised to maintain its dominance throughout the forecast period, fueled by initiatives from major companies, increased adoption of defibrillators in healthcare facilities, and the implementation of public access defibrillation programs. The wearable cardioverter defibrillator (WCD) segment is projected to exhibit the highest CAGR of 12.9% from 2022 to 2031, driven by the growing prevalence of cardiovascular disorders, an aging population, and the user-friendly nature of non-invasive devices.
๐๐ฑ๐ญ๐๐ซ๐ง๐๐ฅ ๐๐๐๐ข๐๐ซ๐ข๐ฅ๐ฅ๐๐ญ๐จ๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ: https://www.alliedmarketresearch.com/purchase-enquiry/2109
End User Dynamics: Hospitals Maintain Dominance:
In terms of end users, hospitals dominated the market in 2021, accounting for over half of the global external defibrillators market revenue. This trend is expected to continue, fueled by the increasing volume of patients, strategies adopted by key manufacturers, and the growing adoption of various external defibrillator types by hospitals. The alternate care segment is forecasted to register the fastest CAGR of 8.7% from 2022 to 2031, driven by the rising installation of defibrillators in public places.
Regional Outlook: North America Leads, Asia-Pacific on the Rise:
North America secured the largest market share in 2021, holding more than two-fifths of the global market. This dominance is attributed to an increased number of defibrillator installations in hospitals and public places. However, Asia-Pacific is expected to exhibit the largest CAGR of 8.9% during the forecast period, fueled by a rising incidence of cardiovascular diseases, increased healthcare costs, and improvements in healthcare infrastructure.
Key Market Players:
Leading companies shaping the external defibrillators market include Nihon Kohden Corporation, Asahi Kasei Corporation, Koninklijke Philips N.V., CU Medical Germany GMBH, Mediana Co., Ltd., Shenzhen Comen Medical Instruments Co., Ltd., Stryker, General Electric Company, Schiller AG, and Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Driving Forces, Challenges, and Opportunities:
The market's growth is propelled by a surge in the development of public access defibrillators (PAD) by both public and private organizations, an increase in the number of key players innovating advanced defibrillator devices, and a rising incidence of cardiac diseases. However, market players face challenges in the form of pricing pressures. Despite this, opportunities abound with the adoption of technologically advanced defibrillator devices, growing demand for quality medical care, and an increasing prevalence of sudden cardiac arrest (SCA).
Covid-19 Impact and Market Resilience:
The Covid-19 pandemic presented challenges to the external defibrillators market, causing a reduction in the demand for public access defibrillators (PAD) due to widespread lockdowns. Manufacturing activities faced hindrances, with shortages of raw materials, disrupted supply chains, and a scarcity of workforce. Despite these setbacks, the market is expected to rebound as restrictions ease, emphasizing the resilience of the external defibrillators sector.
Segmental Analysis: AEDs Leading the Charge:
The automated external defibrillator (AED) segment emerged as the frontrunner in 2021, contributing to over two-thirds of the global market. It is poised to maintain its dominance throughout the forecast period, fueled by initiatives from major companies, increased adoption of defibrillators in healthcare facilities, and the implementation of public access defibrillation programs. The wearable cardioverter defibrillator (WCD) segment is projected to exhibit the highest CAGR of 12.9% from 2022 to 2031, driven by the growing prevalence of cardiovascular disorders, an aging population, and the user-friendly nature of non-invasive devices.
End User Dynamics: Hospitals Maintain Dominance:
In terms of end users, hospitals dominated the market in 2021, accounting for over half of the global external defibrillators market revenue. This trend is expected to continue, fueled by the increasing volume of patients, strategies adopted by key manufacturers, and the growing adoption of various external defibrillator types by hospitals. The alternate care segment is forecasted to register the fastest CAGR of 8.7% from 2022 to 2031, driven by the rising installation of defibrillators in public places.
Regional Outlook: North America Leads, Asia-Pacific on the Rise:
North America secured the largest market share in 2021, holding more than two-fifths of the global market. This dominance is attributed to an increased number of defibrillator installations in hospitals and public places. However, Asia-Pacific is expected to exhibit the largest CAGR of 8.9% during the forecast period, fueled by a rising incidence of cardiovascular diseases, increased healthcare costs, and improvements in healthcare infrastructure.
Key Market Players:
Leading companies shaping the external defibrillators market include Nihon Kohden Corporation, Asahi Kasei Corporation, Koninklijke Philips N.V., CU Medical Germany GMBH, Mediana Co., Ltd., Shenzhen Comen Medical Instruments Co., Ltd., Stryker, General Electric Company, Schiller AG, and Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
๐๐๐ฏ๐ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ? ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ฎ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฑ๐ฉ๐๐ซ๐ญ: https://www.alliedmarketresearch.com/connect-to-analyst/2109
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