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Global Automated External Defibrillators (AED) Market Comprehensive Study: Forecasted Market Size And Growth Rate | Koninklijke Philips N.V., Asahi Kasei Corporation, Nihon Kohden Corporation, Schiller AG , Stryker Corporation, Biotronik, BPL Medical Tech
Automated External Defibrillators (AED) Market Size
The Business Research Company offers in-depth market insights through Automated External Defibrillators (AED) Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The automated external defibrillators (aed) market size has grown strongly in recent years. It will grow from $1.71 billion in 2023 to $1.84 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increased awareness and training, government initiatives and regulations, rising incidence of cardiac arrest, focus on workplace safety, community-based public access programs..
The automated external defibrillators (aed) market size is expected to see strong growth in the next few years. It will grow to $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to global health initiatives, increasing aging population, expansion of public access programs, corporate social responsibility initiatives, telemedicine and remote monitoring, increased training programs.. Major trends in the forecast period include development of aeds with real-time feedback and coaching, adoption of smart connectivity and remote monitoring, focus on user-friendly aed designs and interfaces, implementation of pediatric mode in aeds, integration of cpr feedback technology, introduction of aeds with extended battery life..
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Market Segmentation:
The main types of automated external defibrillators are wearable and non-wearable. A wearable automated external defibrillator is used to detect abnormal heart rhythms and automatically deliver an electric shock to restore the heart's normal rhythm. The various technology types include semi-automatic, and fully automatic with various size types such as standard, and pediatric that are used by various patient types such as adults, and children and also by various end-users such as hospitals, public access settings, homecare settings, pre-hospital care, emergency medical service providers, and others.
Major Driver - Rising Incidence of Cardiac Arrests Drives Growth of Automated External Defibrillator (AED) Market
The rising incidence of cardiac arrests is expected to propel the growth of the automated external defibrillator (AED) market going forward. Cardiac arrest is a sudden, life-threatening medical condition in which the heart stops beating or beats irregularly, preventing it from effectively pumping blood to the rest of the body. Automated external defibrillators (AEDs) devices are used for treating cardiac arrests by giving an electric shock to the heart to restore a normal rhythm when abnormal rhythm occur. For instance, in June 2023, according to the Australian Institute of Health and Welfare, an Australia-based national agency, there were 14,100 coronary heart disease deaths in 2021, and this has increased to 14,900 in 2022. Therefore, the rising incidence of cardiac arrest is driving the growth of the automated external defibrillator (AED) market.
Competitive Landscape:
Major companies operating in the automated external defibrillators (aed) market report are Koninklijke Philips N.V., Asahi Kasei Corporation, Nihon Kohden Corporation, Schiller AG , Stryker Corporation, Biotronik, BPL Medical Technologies, CU Medical System Inc., Mindray Bio-Medical Electronics Co. Ltd, ViVest Medical Technology Co. Ltd., Amiitalia, Physio-Control Corporation, CardiAid, Kestra Medical Technologies Inc, ViVest Medical Technology Co. Ltd., CU Medical System Inc., DefiSign Life Systems Inc., Progetti S.r.l., MRL Inc., HeartSine Technologies Inc., BPL Medical Technologies, Amiitalia, CardiAid, M&B Electronic Instruments Inc., Instramed Inc., Metrax GmbH
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Top Trend - Increasing Focus On Technological Advancements To Provide Reliable Services To Their Customers
Major companies operating in the automated external defibrillators (AED) market are focused on technological advancements such as REALConnect technology with cellular, WiFi, GPS, and bluetooth connectivity to provide reliable services to the customers. REALConnect plays a significant role in automated external defibrillators (AED) as a software platform that uses cellular, WiFi, GPS, and Bluetooth connectivity technologies, which act as wireless communications that enable devices to connect and communicate with each other. For instance, in January 2023, Avive Solutions Inc., a US-based technology company that develops automated external defibrillators, launched Avive Connect automated external defibrillator (AED), approved by the Food and Drug Administration (FDA), a US-based federal agency. Avive Connect AED is an automatic handheld device that combines cellular and WiFi connectivity, GPS technology, remote maintenance, and extreme portability to treat people with cardiac arrest.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automated External Defibrillators (AED) Market Characteristics
3. Automated External Defibrillators (AED) Market Trends And Strategies
4. Automated External Defibrillators (AED) Market - Macro Economic Scenario
5. Automated External Defibrillators (AED) Market Size And Growth
…..
27. Automated External Defibrillators (AED) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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