Press release
Defibrillator Market Trends Exhibits Remarkable Growth Opportunity 2024 to 2030
Focus on installation of public access defibrillator (PAD) by the public and private organizations, development of advanced defibrillator devices, and increase in incidence of cardiac diseases drive the growth of the global defibrillator market. Moreover, rise in adoption of technologically advanced defibrillator devices and rise in demand for quality medical care supplement the growth. However, surge in pricing pressure on market players restrains the market growth. On the other hand, advancements in the next-generation external defibrillators to improve safety and effectiveness present new opportunities in the coming years.
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Key Takeaways:
Market Growth and Demand: The global defibrillators market had been experiencing steady growth due to an increasing prevalence of cardiovascular diseases, rising geriatric population, and growing awareness about the importance of timely defibrillation in saving lives.
Types of Defibrillators: The market included various types of defibrillators, including automated external defibrillators (AEDs), implantable cardioverter defibrillators (ICDs), and external defibrillators used in hospitals and clinics. AEDs were especially gaining prominence due to their ease of use and increasing deployment in public spaces.
Technological Advancements: Technological advancements were driving innovation in the market. This included features such as real-time feedback on CPR quality, connectivity to emergency services, and integration with mobile applications for remote monitoring and data analysis.
Market Drivers:
Prevalence of Cardiovascular Diseases: The primary driver for the defibrillators market is the high prevalence of cardiovascular diseases, such as heart arrhythmias, ventricular fibrillation, and sudden cardiac arrest. As these conditions continue to affect a significant portion of the global population, the demand for defibrillators to treat and manage these conditions remains strong.
Aging Population: The aging global population contributes to an increased incidence of heart-related diseases and conditions. Elderly individuals are more susceptible to cardiac issues, making the need for defibrillators and related interventions even more crucial.
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Market Segmentation:
By Product:
Implantable Defibrillators
Transvenous Implantable Cardioverter Defibrillator (T-ICDs)
Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs)
Cardiac Resynchronization Therapy- Defibrillator (CRT-D)
External Defibrillators
Manual External Defibrillator
Automated External Defibrillator (AEDs)
Wearable Cardioverter Defibrillator (WCDs)
By End User:
Hospitals
Pre-Hospitals
Public Access Market
Alternative Care
By Region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific)
LAMEA (Brazil, Argentina, Egypt, Israel, South Africa, Rest of LAMEA)
By List of Key Players Profiled:
Asahi Kasei Corporation
Stryker Corporation
Biotronik SE & Co. KG
Boston Scientific Corporation
Philips Healthcare
LivaNova PLC
Medtronic plc
Cardiac Science Corporation
Nihon Kohden Corporation
St. Jude Medical, Inc.
Regional Growth Dynamics:
North America contributed to the highest share in 2020, accounting for around two-fifths of the total market share, and is expected to continue its dominance in terms of revenue by 2030. However, Asia-Pacific is estimated to portray the largest CAGR of 8.2% during the forecast period.
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