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Comparative Analysis of the Global Defibrillators Market, by Product Type 2019
For the purpose of the study, the global defibrillators market has been segmented based on end user, product type, and geography. By type, the market has been classified into automated external defibrillators (AEDs), advanced life support (ALS) defibrillators, wearable defibrillators, and implantable cardioverter defibrillators. (ICDs). Of these, holding a larger share ICDs emerged dominant in the market in 2012. Regionally, the global market has been segmented into Asia Pacific, the Middle East, Africa, Europe, North America, and Latin America.
The report provides an in-depth overview of the global defibrillators market, studying the factors influencing its trajectory during the forecast period between 2013 and 2019. Besides studying the impact of the prevailing socio-economic factors, the report also presents an executive-level overview of the prevailing competitive landscape. It thus includes the profiles of the leading companies operating in the market, and detail pertaining to the strategies adopted by them.
Global Defibrillators Market: Overview
TMR projects the global defibrillators market to exhibit a CAGR of 6.2% between 2013 and 2019. The market stood at US$9.3 bn in 2012 and is expected to reach a valuation of US$9.3 bn by the end of 2019.
By end user, the global defibrillators market has been segmented into homes, hospitals, community access or public, business workplace and emergency medical services. Of these, the hospitals segment dominated the global market, with a share of 90% in 2012. The continuously increasing demand for ALS defibrillators and ICD implantation is aiding the installation of defibrillators across hospitals. Besides this, the market is also expected to gain from the rising healthcare expenditure by governments across emerging nations such as India, China, and Brazil.
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With the installation of AEDs for public access and businesses workplace on the rise, the global defibrillators market is projected to expand at a robust pace in the near future. Furthermore, AEDs have gained importance due to their easy operability of the devices, which enables even laypersons to use them during emergency.
Among the key regional segments of the market, North America emerged dominant in 2012. The region is expected to rise at a CAGR of 5.7% from 2013 to 2019. However, TMR forecasts the Middle East and Asia Pacific to report growth at a faster rate during the forecast period. The increasing incidence of cardiovascular diseases in these regions, rising healthcare investments, and the increasing willingness among people to spend on advanced treatments are expected fuel growth of the defibrillators market in Asia Pacific and the Middle East.
Companies Mentioned in Report
To study the completion prevailing in the market, the report has profiled companies such as Biotronik SE& Co.KG, Boston Scientific Corporation, Defibtech LLC, Medtronic, Inc., GE Healthcare Ltd., Philips Healthcare, HeartSine Technologies Inc., Nihon Kohden Corporation, St. Jude Medical Inc., and Zoll Medical Corporatio.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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