Driving Defibrillator Devices And Equipment Market Growth in 2025: The Role of Increasing Healthcare Expenditure Boosts The Defibrillator Devices And Equipment Market

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Defibrillator Devices And Equipment Market Size Growth Forecast: What to Expect by 2025?
The market for defibrillator devices and equipment has witnessed robust growth within recent years. It is anticipated to expand from a value of $12.17 billion in 2024 to $13.22 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.6%. Factors such as the widespread incidence of cardiac arrest, an aging population, the inclusion of emergency medical services (ems), along with increased public awareness and training, have contributed to the market's growth in the past.

How Will the Defibrillator Devices And Equipment Market Size Evolve and Grow by 2029?
The market for defibrillator devices and equipment is projected to witness robust expansion in the coming years, reaching $16.2 billion by 2029, with a CAGR of 5.2%. This growth anticipated in the forecast period is because of several factors such as personalized medicine, integration of telehealth, widespread healthcare access globally, timely intervention by bystanders, and public access defibrillation. The forecast period also reveals significant trends including wearable defibrillators, next-generation automated external defibrillators (AEDs), subcutaneous implantable cardioverter defibrillators (S-ICDs), and pediatric defibrillation.

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What Drivers Are Propelling the Growth of Defibrillator Devices And Equipment Market Forward?
The defibrillator devices and equipment market is anticipated to thrive as a result of escalated healthcare expenditure. This pertains to the financial investment in healthcare commodities and services such as personal healthcare, health research, public health operations, and healthcare insurance schemes. The surge in healthcare expenditure fosters the incorporation of defibrillator devices in a variety of settings, such as hospitals, healthcare clinics, and public access defibrillation initiatives. For instance, the National Health Expenditure Account (NHEA), issued by the Centers for Medicare and Medicaid Services, a federal agency in the United States, reported an uptick in U.S. healthcare spending by 4.1 percent, making it $4.5 trillion, equivalent to $13,493 per individual, in 2022. Health expenses represented 17.3 percent of the country's Gross Domestic Product. Therefore, the amplified healthcare infrastructure is promoting the expansion of the defibrillator devices and equipment market.

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Which Emerging Trends Are Transforming the Defibrillator Devices And Equipment Market in 2025?
Key businesses involved in the defibrillator devices and equipment sector are focusing on creating innovative products such as Avive AED to enhance survival rates. The Avive AED is the smallest and lightest AED with FDA approval, designed with consideration for accessibility, portability, and durability. For example, Avive Solutions Inc., a company based in the U.S. that manufactures portable defibrillators, gained pre-market approval (PMA) from the U.S. Food and Drug Administration (FDA) for their Automated External Defibrillator (AED) in January 2023. They've designed the Avive Connect AED for easy installation in various locations, with a focus on maximum connectivity and straightforward usability. This handheld AED incorporates cellular and WiFi connectivity, GPS tech, remote maintenance, and superior portability.

What Are the Key Segments in the Defibrillator Devices And Equipment Market?
The defibrillator devices and equipment market covered in this report is segmented -

1) By Type: Implantable Defibrillators, External Defibrillators
2) By Implantable Defibrillators: Transvenous Implantable Cardioverter Defibrillator (T-ICDs), Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs), Cardiac Resynchronization Therapy- Defibrillator (CRT-D), Single And Dual Chamber
3) By External defibrillators: Manual External Defibrillator (MEDs), Automated External Defibrillator (AEDs), Wearable Cardioverter Defibrillator (WCDs)
4) By End User: Hospitals, Pre-Hospitals, Public Access market, Alternate Care market, Home Healthcare

Subsegments:
1) By Implantable Defibrillators: Implantable Cardioverter Defibrillators (ICD), Subcutaneous Implantable Defibrillators (S-ICD), Dual-Chamber Implantable Defibrillators, Single-Chamber Implantable Defibrillators
2) By External Defibrillators: Automated External Defibrillators (AED), Manual External Defibrillators, Wearable Cardioverter Defibrillators (WCD), Other External Defibrillators

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Who Are the Key Players Shaping the Defibrillator Devices And Equipment Market's Competitive Landscape?
Major companies operating in the defibrillator devices and equipment market include Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, Koninklijke Philips N.V, ZOLL Medical Corporation, Cardiac Science Corporation, Physio-Control Inc., Nihon Kohden Corporation, Defibtech LLC, Schiller AG, Biotronik Inc., LivaNova plc, HeartSine Technologies LLC, Mindray Medical International Limited, Metrax Engineering Ltd., CU Medical Systems Inc., Fukuda Denshi Co. Ltd., GE Healthcare, Innomed Technologies Inc., Progetti Srl, Stryker Corporation, Welch Allyn Inc., Weinmann Emergency Medical Technology GmbH + Co. KG, Bexen Cardio, GCE Group, Lepu Medical Technology (Beijing) Co. Ltd., Shenzhen XFT Medical Limited, Zhejiang Medtec Medical Devices Co. Ltd.

What Geographic Markets Are Powering Growth in the Defibrillator Devices And Equipment Market?
North America was the largest region in the global defibrillator devices and equipment market in 2023. Western Europe was the second-largest region in the defibrillator devices and equipment market. The regions covered in the defibrillator devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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