Global Wearable Cardioverter Defibrillator Market Opportunity & Growth Outlook Report 2017

Wearable Cardioverter Defibrillator Market size was around USD XX billion in 2017. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2022. Wearable cardioverter defibrillator is a gadget that is non-invasive it is utilized to prevent sudden heart attack. It has two parts: A light weight jacket which is worn under regular clothes and a small mobile unit which includes recorder and generator. Sudden heart attack occurs when the heart's electrical system malfunctions. It directs the heart to relax and contract. Those conditions where there is abnormal rhythm in the ventricles of the heart is known as Ventricular Fibrillation. When VF occurs, a WCD sends an electrical current to the heart that is used to revive a normal heart rhythm. Defibrillators are used for the treatment of life-threatening ventricular fibrillation, heart dysrhythmias, and ventricular tachycardia.

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Rising prevalence of diseases, increasing geriatric population, growing number of training and awareness among the population base and, technological advancements are the primary drivers of the market.On the other hand, factors like problems related to the use of wearable cardioverter defibrillator devices, inadequate knowledge regarding sudden cardiac arrest, and the wearable cardioverter defibrillator does not monitor atrial arrhythmias thus this hinders the growth of the market.
Wearable Cardioverter Defibrillator Market segmentation by Conditions and by End User. By Conditions it is segmented into Peripartum Cardiomyopathy, Congenital Heart Disease, and Inherited Arrhythmias. By End User the market is segmented into Hospitals, Home Care Settings, and Cardiology Clinics.

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Wearable Cardioverter Defibrillator Market geographical segmentation by Europe, Latin America, North America, Asia Pacific, and Middle East and Africa. North America commands the largest market share of the overall industry and is likely to keep ruling the business sector due to growing incidence of diseases, enhancement in healthcare industry and extended growth. US and Canada contribute highest to the overall market in the region because of the awareness regarding the sudden cardiac arrest and defibrillators. Europe is the second largest market. The Market is majorly driven by rise in demand from developing economies in the Asia Pacific and Middle East regions, where more workstations and business environments are introducing advancement in defibrillators. It is projected to benefit the defibrillators market in the aforementioned forecast period.

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The major Wearable Cardioverter Defibrillator Market leaders are LivaNova PLC (U.K.), Koninklijke Philips N.V. (Netherlands), ZOLL Medical Corporation (U.S.), Cardiac Science Corporation (U.S.), Physio-Control, Inc. (U.S.), Medtronic PLC (Ireland), St. Jude Medical, Inc. (U.S.), Boston Scientific Corporation (U.S.), BIOTRONIK SE & Co. KG (Germany), and Nihon Kohden Corporation (Japan)

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