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External Defibrillators Market Equipping Communities to Save Lives (This title emphasizes the public health benefit and societal impact)
External Defibrillators Market to Record an Exponential CAGR by 2030 - Exclusive Report by InsightAce AnalyticInsightace Analytics Pvt. Ltd. announces the release of a market assessment report on the "Global External Defibrillators Market- by Product (Manual & Semi-Automated External Defibrillators, Fully Automated External Defibrillators and Wearable Cardioverter Defibrillators), End-Users (Hospitals, Clinics, & Cardiac Centers, Prehospital Care Settings, Public Access Markets, Alternate Care Facilities and Home Care Settings), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."
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External Defibrillators Market: Shocking Growth in Cardiac Care
Insightace Analytics estimates the global market for external defibrillators reached US$3,792.2 million in 2019 and is expected to grow at a CAGR of 8.9% from 2024 to 2031.
Saving Lives with a Shock
External defibrillators are medical devices that use electric shocks to restart a heart in case of sudden cardiac arrest (SCA). They work by depolarizing the heart muscles and restoring the heart's natural rhythm. These life-saving devices use electrodes to deliver shocks and can be crucial in emergency situations.
Market Drivers for Defibrillators
The external defibrillator market is experiencing growth due to several factors:
• Increased Focus on Public Access Defibrillators (PADs): Government and private initiatives are promoting the installation of PADs in public places, making them readily available during emergencies.
• Rise of Advanced Devices and Growing Demand: A growing number of manufacturers are producing advanced defibrillators with improved functionalities. This, coupled with an aging population at higher risk of cardiac arrest and a rising prevalence of heart diseases, is driving market demand.
• Technological Advancements and Wider Accessibility: Advancements in defibrillator technology and a growing emphasis on placing them in public spaces (workplaces, schools, shopping malls) are expanding market reach.
• Industry Focus on Public Training and Awareness: Leading industry players are actively promoting public defibrillator accessibility and expanding global training and awareness initiatives.
• Next-Generation Defibrillators: The development of next-generation external defibrillators with improved efficacy and safety is expected to create further market opportunities.
Regional Market Landscape
North America is expected to hold a significant share of the global market due to the increasing installation of defibrillators in hospitals and various public spaces. The Asia Pacific region is also anticipated to experience rapid growth due to rising healthcare expenditure, increasing cardiovascular diseases, and a growing medical infrastructure.
This revised structure improves readability and highlights the key factors driving the external defibrillators market growth.
Major market players operating in the External Defibrillators market include
A.M.I. ITALIA , Bexen Cardio, BPL Medical Technologies, Cardia International B.V., Cardiac Science Corporation, Concern AXION Ltd., Defibtech, LLC, E & M Electromedicine, 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., PRIMEDIA (Metrax GmbH), Promed, Opto Circuits India Ltd., CU Medical System Inc., Shenzhen XFT Medical Limited and List of Other Prominent Player.
Recent collaborations and agreements in the market:
• In April 2021, lAsahi Kasei firm ZOLL Medical Corporation acquired Respicardia, Inc., a manufacturer of implantable neurostimulators to treat moderate to severe central sleep apnea (CSA). A serious CSA condition is frequently accompanied by heart failure, coronary artery disease, and certain cardiac arrhythmias.
• In June 2020, The Center for Devices and Radiological Health (CDRH) of the United States Food and Drug Administration granted pre-market approval for Philips' HeartStart FR3 and HeartStart FRx automated external defibrillators (AEDs). Philips is a global leader in health technology (FDA).
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Market Segments
Global External Defibrillators Market, by Product, 2022-2030 (Value US$ Mn)
• Manual & Semi-Automated External Defibrillators
• Fully Automated External Defibrillators
• Wearable Cardioverter Defibrillators
Global External Defibrillators Market, by End-User, 2022-2030 (Value US$ Mn)
• Hospitals
• Clinics & Cardiac Centers
• Prehospital Care Settings
• Public Access Markets
• Alternate Care Facilities
• Home Care Settings
Global External Defibrillators Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America External Defibrillators Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe External Defibrillators Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific External Defibrillators Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America External Defibrillators Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa External Defibrillators Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global External Defibrillators market
To receive an industry overview and future trends in the External Defibrillators market
To analyze the External Defibrillators market drivers and challenges
To get information on the External Defibrillators market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the External Defibrillators market industry
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
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