Defibrillators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019

Defibrillators are devices that are used to give an electric shock to the heart. These devices are used to re-establish the normal contraction rhythm of the heart following arrhythmia or cardiac arrest. Across the world, sudden cardiac arrest (SCA) is recorded to be one of the key reasons for deaths, with more than 300,000 deaths recorded in the U.S. alone every year. Due to these reasons, the global defibrillators market will be valued at US$14.2 bn by the end of 2019, rising at a CAGR of 6.2% from 2013 to 2019. The valuation of the market in 2012 was US$9.3 bn.

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Defibrillators essentially depolarize a critical part of the heart muscle, which in turn restores the normal rhythm of the heart. So much so, that if victims of SCA receive cardiopulmonary resuscitation and defibrillation in the first 5 to 12 minutes, a considerably large number of lives can be saved.

Baby Boomers to Require Considerable Defibrillating Services in the U.S.
The global defibrillators market is exhibiting steadfast growth due to several reasons. The rising prevalence of cardiovascular diseases, advancing technology for the manufacture of defibrillation devices, and increased public awareness about defibrillation processes are the factors driving this market. In the event of an SCA, victims experience ventricular fibrillation (VF), resulting in irregular beating of the heart muscles and solely cardiopulmonary resuscitation is not effective. It is for these instances that defibrillators are essentially important, for giving electrical shocks and enabling the natural pacemaker cells to re-establish the normal cardiac rhythm.

Regional demographic trends and socioeconomic changes are also benefitting the defibrillators market. In the U.S., a large population of baby boomers heading towards retirement is susceptible to cardiac conditions due to their sedentary lifestyle, which will extend the growth prospects of the defibrillators market. In countries in the Middle East and Asia Pacific, rising economic prosperity and availability of advanced healthcare are augmenting the growth rate of the defibrillators market. Moreover, in large business houses and corporations, automated external defibrillators (AEDs) are increasingly becoming common in the event of cardiac emergencies at workplaces.
The quick turnaround time of defibrillators for delivering shock and accuracy in re-establishing cardiac rhythmic pattern are helping increase the adoption of defibrillation processes.

Implantable Defibrillators Led Global Market in 2012

The global defibrillators market is divided on the basis of product, end user, and geography. By product, advanced life support (ALS), wearable defibrillators, implantable cardioverter defibrillators (ICDs), and automated external defibrillators (AEDs) are the segments of this market. In 2012, implantable cardioverter defibrillator devices contributed the largest revenue to the global market and were followed by advanced life support defibrillators in terms of revenue contribution. ICDs account for a large market share due to the increasing use of ICD implantations for preventing fatalities due to sudden cardiac arrest.

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North America, Asia Pacific, Latin America, Europe, the Middle East, and Africa are the six regions into which the global defibrillators market is regionally divided. In 2012, North America was ahead of all other regions; however, the region is expected to display slower growth at a CAGR of 5.7% for the 2013-2019 period. Asia Pacific and the Middle East will display a faster growth rate than the traditional advanced regions of North America and Europe. This is mainly due to the increasing patient pool with cardiac conditions, increasing awareness about defibrillation processes, and rising healthcare spending from both public agencies as well as consumers in Asia Pacific. In the U.A.E., public welfare programs for awareness about cardiac health are also benefitting the defibrillators market.

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