Increasing Healthcare Expenditure Boosts The Defibrillator Devices And Equipment Market: Strengthening the Growth Trajectory of the Defibrillator Devices And Equipment Market

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What Is the Expected CAGR for the Defibrillator Devices And Equipment Market Through 2025?
Recent years have witnessed considerable expansion in the market size for defibrillator devices and equipment. The market, valued at $11.3 billion in 2024, is forecasted to increase to $11.97 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.9%. Factors such as the prevalence of cardiac arrests, the increase in the aging population, the integration of emergency medical services (EMS), as well as heightened public awareness and training, have contributed to this growth observed in the historic period.

What's the Projected Size of the Global Defibrillator Devices And Equipment Market by 2029?
The market for defibrillator devices and equipment is projected to experience substantial growth in the upcoming years, increasing to $14.85 billion by 2029 with a compound annual growth rate (CAGR) of 5.5%. This predicted growth in the forecast period can be ascribed to factors such as personalized medicine, the incorporation of telehealth, worldwide healare accessibility, public access defibrillation, and bystander intervention. The forecast period also expects significant trends like wearable defibrillators, next-generation aeds, subcutaneous icds (s-icds), and pediatric defibrillation.

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Top Growth Drivers in the Defibrillator Devices And Equipment Industry: What's Accelerating the Market?
The surge in healare spending is projected to steer the upward trajectory of the defibrillator devices and equipment market. Healare spending refers to the resources allocated to health-related goods and services, like personal healare, public health initiatives, health studies, and health insurance schemes. This expenditure can result in the wider incorporation of defibrillator devices in hospitals, clinics, and public defibrillation programs. For example, the National Health Expenditure Account (NHEA), released by the Centers for Medicare and Medicaid Services, a federal agency in the US, stated that healare spending in the U.S. expanded by 4.1 percent in 2022, hitting $4.5 trillion or $13,493 on a per capita basis. Healare spending represented 17.3 percent of the country's Gross Domestic Product. Consequently, improved healare infrastructure is a key driver for the growth of the defibrillator devices and equipment market.

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What Are the Key Trends Driving Defibrillator Devices And Equipment Market Growth?
Prominent players in the defibrillator devices and equipment market are driving innovation through products like Avive AED, aiming to enhance survival rates. The Avive AED stands out as the smallest and lightest AED approved by the FDA, designed for easy access, portability, and robustness. For example, in January 2023, Avive Solutions Inc., an American manufacturer of portable defibrillators, received pre-market approval (PMA) from the U.S. Food and Drug Administration (FDA) for its Automated External Defibrillator (AED). The Avive Connect AED is made for simple placement in various locations, ensuring maximum connectivity, and thoroughly checked for user-friendliness. This handheld AED offers a mix of cellular and WiFi connectivity, GPS technology, remote upkeep, and exceptional portability.

What Are the Main 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 Healare

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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Which Top Companies are Driving Growth in the Defibrillator Devices And Equipment Market?
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 Healare, 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.

Which Regions Will Dominate the Defibrillator Devices And Equipment Market Through 2029?
North America was the largest region in the global defibrillator devices and equipment market in 2024. 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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