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External Defibrillators Market Expected to See Substantial Growth in North America and Asia Pacific with Rising Adoption of Advanced Defibrillator Devices
External Defibrillators Market
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According to the latest research by Insightace Analytics, the global External Defibrillators market was valued at US$ 6676.6 Million by the year 2031. It is expected to record a CAGR of 9.12% during a forecast period of 2024-2031.
Defibrillators are vital medical devices used to deliver therapeutic electrical shocks to the heart in life-threatening conditions such as cardiac arrhythmia, ventricular fibrillation, and pulseless ventricular tachycardia. The defibrillation process involves applying an electric shock to the heart to depolarize cardiac muscles and restore normal electrical function. External defibrillators, which utilize paddles or electrode pads to administer these shocks, are critical for correcting irregular heart rhythms during sudden cardiac arrest (SCA).
The external defibrillator market is experiencing growth due to increased emphasis on public access defibrillators (PAD) by both public and private organizations. The market expansion is further supported by the growing number of industry players introducing advanced defibrillator devices, an aging population at higher risk of cardiac arrest, and the rising prevalence of cardiovascular diseases. The increasing incidence of SCA and the adoption of technologically advanced defibrillators are key factors propelling market growth. Additionally, the widespread installation of defibrillators in public spaces such as offices, schools, shopping malls, grocery stores, and airports, alongside global awareness campaigns and training initiatives, is driving demand. The development of next-generation external defibrillators, offering improved safety and efficacy, is expected to present substantial growth opportunities.
North America is projected to hold a significant share of the external defibrillator market throughout the forecast period, driven by the increased deployment of these devices in hospitals and public areas, including hotels, schools, railway stations, and highways. In contrast, the Asia-Pacific market is anticipated to grow rapidly, fueled by the rising incidence of cardiovascular diseases, increasing disposable incomes in developing nations such as China and India, higher healthcare expenditures, and recent advancements in medical infrastructure.
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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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About Us:
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 competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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