Defibrillators Market Expected Growth to USD 20.03 Billion by 2029

The 𝐃𝐞𝐟𝐢𝐛𝐫𝐢𝐥𝐥𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at USD 11.17 Bn. in 2022 and the total Defibrillators revenue is expected to grow at a CAGR of 8.7% from 2023 to 2029, reaching nearly USD 20.03 Bn.

𝐃𝐞𝐟𝐢𝐛𝐫𝐢𝐥𝐥𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Defibrillators are critical medical devices used to deliver life-saving electric shocks to the heart in cases of sudden cardiac events, such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia. They restore the heart's normal rhythm by depolarizing cardiac muscles. The two main types are implantable cardioverter-defibrillators (ICDs) and external defibrillators, with Automated External Defibrillators (AEDs) commonly used in public access settings.

COVID-19 significantly affected the defibrillator market, disrupting production and supply chains. Strict lockdowns, updated packaging regulations, and suspended services led to supply delays. However, demand remained strong due to the rising incidence of cardiovascular diseases (CVDs) globally. By 2021, elective procedures resumed, and sales in ICD and AED markets rebounded, though periodic COVID-19 surges disrupted recovery. In 2020, Nihon Kohden reported robust sales growth, exemplifying market resilience.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.maximizemarketresearch.com/request-sample/13018/

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐃𝐞𝐟𝐢𝐛𝐫𝐢𝐥𝐥𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

Cybersecurity and Defibrillator Safety Modern defibrillators with remote data transfer capabilities are vulnerable to cyber threats. The FDA raised cybersecurity concerns for Medtronic's devices in 2022, indicating the need for enhanced security measures in new devices.

Growing Prevalence of CVD is a leading cause of death worldwide, with approximately 17.9 million fatalities annually. Risk factors like hypertension, diabetes, obesity, and an aging population contribute to this trend, especially in low- and middle-income countries where CVD cases are notably high. The rising incidence of lifestyle diseases further increases the need for defibrillators.

𝐃𝐞𝐟𝐢𝐛𝐫𝐢𝐥𝐥𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Rising Out-of-Hospital Cardiac Arrests (OHCA) With 3.8 million global OHCA cases annually, early defibrillation remains critical. Rapid AED usage can increase survival rates to 74%, underscoring the need for public access to AEDs in high-traffic areas.

AEDs (Automated External Defibrillators) placed in public areas are frequently prone to malfunctioning due to issues with hardware, software, programming, and batteries. Failure to defibrillate a patient may cause therapy to be delayed or even result in death. Over the years, a number of defibrillators have been recalled due to hardware configuration issues, electrical issues, and technical defects in the way the device delivers shocks. These defects may occasionally lead to subpar product performance or even patient death.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐓𝐨𝐝𝐚𝐲 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://www.maximizemarketresearch.com/inquiry-before-buying/13018/

𝐃𝐞𝐟𝐢𝐛𝐫𝐢𝐥𝐥𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

Improving Healthcare Infrastructure in Emerging Markets Countries with growing healthcare infrastructure, such as China and India, show increasing demand for defibrillators. This is fueled by initiatives from companies like Medtronic and Nihon Kohden, establishing a presence in these regions to leverage growth opportunities.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐃𝐞𝐟𝐢𝐛𝐫𝐢𝐥𝐥𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭?

Hospitals, Clinics, and Cardiac Centers: Dominating the market, these facilities use ICDs, CRT-Ds, and AEDs for a broad range of cardiac treatments, especially in ICUs and emergency settings.

Public Access: This segment is growing as governments encourage AED installation in public areas, supported by training initiatives to boost rapid response to cardiac emergencies.

North America: Leading in market share due to high CVD prevalence, regulatory support for AED deployment, and public awareness programs.

Asia-Pacific: Rapid growth is expected due to increasing CVD rates, improved healthcare infrastructure, and favorable regulations supporting AED adoption.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐆𝐫𝐚𝐛 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲: https://www.maximizemarketresearch.com/request-sample/13018/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐃𝐞𝐟𝐢𝐛𝐫𝐢𝐥𝐥𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

by Type

1. Implantable cardioverter defibrillators
2. Transvenous implantable cardioverter defibrillators
3. Subcutaneous implantable cardioverter defibrillators
4. External defibrillators
5. Manual & semi-automated external defibrillators
6. Fully automated external defibrillators
7. Wearable cardioverter defibrillators

by Patient Type

1. Adult
2. Pediatrics

by End User

1. Hospitals, Clinics, and Cardiac centers
2. Pre-hospital care settings
3. Public access markets
4. Home care settings
5. Alternate care facilities
6. Other end users

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐃𝐞𝐟𝐢𝐛𝐫𝐢𝐥𝐥𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

1. Medtronic
2. Stryker Corporation
3. Koninklijke Philips NV.
4. Asahi Kasei Corporation
5. Boston Scientific Corporation
6. Abbott
7. Nihon Kohden
8. MicroPort
9. BIOTRONIK
10. CU Medical Systems
11. METsis Medikal
12. Mediana Co. Ltd.
13. Mindray Medical International Ltd.
14. Progetti SRL - Medical Equipment Solutions
15. Schiller AG
16. BPL Medical Technologies
17. Metrax GmbH - PRIMEDIC
18. MS Westfalia GmbH
19. Bexen Cardio
20. Axion Medical Equipment Ltd.
21. Element Science Inc.
22. Avive Solutions Inc.
23. Jeevtronics Pvt. Ltd.
24. HeartHero Inc.
25. Shenzhen Comen Medical Instruments Ltd.

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.maximizemarketresearch.com/market-report/defibrillators-market/13018/

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