External Defibrillators Market Growth & Trends
The global external defibrillators market size is anticipated to reach USD 6.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a notable CAGR of 9.3% from 2022 to 2030. The key factors driving the market growth include rising technological advancements, initiatives for promoting public access AEDs, and the incidence of sudden cardiac arrest. The COVID-19 pandemic increased awareness about defibrillation training and the use of external defibrillators in case of an adverse cardiac event, thus increasing demand for defibrillators. The pandemic also resulted in logistical bottlenecks and operational challenges.
According to the study published in Elsevier, Inc., the number of out-of-hospital cardiac arrests occurring in Paris and its suburbs almost doubled amid the pandemic, from March 16 to April 26, 2020. Such factors are expected to boost sales of external defibrillators. In addition, the International Liaison Committee on Cardiopulmonary Resuscitation (ILCOR) changed the resuscitation guidelines. The new rules suggested improving defibrillation delivery by providing training to healthcare workers, which can reduce confusion as well as the delay in COVID-19 resuscitation efforts. The training would also ensure that healthcare providers are not exposed to additional risks and patients suffering from tachyarrhythmia arrests can be provided the best chance of survival.
Increasing prevalence of the cardiovascular disease is a major driver for market growth. According to the WHO, in 2019, 17.9 million deaths occurred due to cardiovascular disease, which was estimated around 32% globally. Moreover, more than 75% of deaths occurred in middle- & low-income countries. According to American Heart Association, 390,000 sudden cardiac arrests were reported in 2018. Out of these, 65% of deaths occurred in people aged 75 & above, 6% deaths in the age group of 25 to 54 years, and 29% in the age group of 55 to 74 years. Owing to these factors, the demand for external defibrillators is anticipated to increase over the forecast period.
Despite developments in prevention and treatment, sudden cardiac death remains a leading cause of mortality and is accountable for nearly half of all deaths from cardiovascular ailments. The increasing prevalence of SCA and its associated risk factors are expected to increase the demand for AEDs. SCA is one of the leading causes of death around the globe. Moreover, it is the major cause of natural deaths in the U.S., resulting in about 325,000 adult deaths in the country every year. SCA is also responsible for half of all heart ailment deaths.
External Defibrillators Market Report Highlights
· The market was valued at USD 2.9 billion in 2021 and is expected to expand at a CAGR of 9.3% during the forecast period
· The manual external defibrillators segment held the largest revenue share of the market in 2021
· The end-use segment, on the other hand, was dominated by hospitals as these register the highest patient volume thus requiring defibrillators as part of their cardiology units
· North America dominated the market in 2021 due to the presence of key players and growing strategic initiatives deployed by these companies
· For instance, in April 2019 Stryker launched LIFEPAK CR2 AED in the U.S., expanding its lineup of defibrillation solutions. The product connects to an AED program manager, LIFELINKcentral, to help an organization’s AED manager to monitor and manage device readiness issues remotely. When connected to Wi-Fi, the device also provides near real-time email alerts
· Obesity and hypertension are also risk factors for SCA. Obesity continues to be a significant public health crisis. According to a study published online in Pediatrics, obesity rates among children significantly increased during the first few months of the COVID-19 pandemic
· Around 80.0% of sudden cardiac deaths are linked to coronary heart disease. It is the most common type of heart disease, and as per CDC, approximately 18.2 million adults aged 20 and older suffer from this disease. Thus, AEDs are important because they increase the chance of survival. They can restore a normal heart rhythm in sudden cardiac arrest victims
External Defibrillators Market Segmentation
Grand View Research has segmented the global external defibrillators market on the basis of product, end-use, and region:
External Defibrillators Product Outlook (Revenue, USD Million, 2017 - 2030)
· Manual External Defibrillators
· Automated External Defibrillators
o Semi-Automated ED
o Fully Automated ED
· Wearable Cardioverter Defibrillators
External Defibrillators End-use Outlook (Revenue, USD Million, 2017 - 2030)
· Hospital
· Pre Hospital
· Public Access Market
· Alternate Care Market
· Home Healthcare
External Defibrillators Regional Outlook (Revenue, USD Million, 2017 - 2030)
· North America
o U.S.
o Canada
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Netherlands
· Asia Pacific
o Japan
o China
o India
o Australia
o South Korea
· Latin America
o Brazil
o Mexico
o Argentina
o Colombia
· Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
List of Key Players of the External Defibrillators Market
· Koninklijke Philips N.V.
· Stryker
· Zoll Medical Corporation, an Asahi Kasei Group Company
· Nihon Kohden Corporation
· ProgettiSrl
· Schiller AG
· MS Westfalia GmbH
· AMI Italia
· Bexen Cardio
· Silverline Meditech Pvt. Ltd.
· Mediana Co., Ltd.
· Shenzhen Mindray Bio-Medical Electronics
· CU Medical
· BPL Medical Technologies
· Corpuls
· Dixion Vetrieb medizinischer Geräte GmbH
· Bioevopeak Co., Ltd.
· METsis Medikal
· EMS Mobil Sistemler A.?.
· Metrax GmbH
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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The Global External Defibrillators Market size was valued at USD 5.67 billion in 2019, and is predicted to reach USD 11.01 billion by 2030, with a CAGR of 6.1% from 2020-2030.External Defibrillators Market 2020 Research Report gives the Professional and inside and out assessment of extent of momentum and future market and survey of Product Specification, showcase pattern, item type and creation investigation considering central point, for example, Facts and figure, income created from the offers of this Report, piece of the overall industry and development rate for each kind and application, Gross Margin, key variables heading to the market.
And furthermore gives the inside and out assessment of External Defibrillators Market utilizing Porter's five powers, SWOT investigation for example Quality, Weakness, Opportunities and Threat to the business.Access Full Description of this report at:-https://www.nextmsc.com/report/external-defibrillators-marketTop Companies: Cardiac Science Corporation, Nihon Kohden Corporation, HeartSine Technologies LLC., Philips Healthcare, Mindray Medical International Limited, Zoll Medical Corporation and others.Global External Defibrillators Market by Geography: - Latin America, North America, Asia Pacific, the Middle East and Africa and Europe.
The report primarily enrolls the essential subtleties of industry dependent on the basic diagram of External Defibrillators market chain structure, and depicts industry environment, the advancement of the market through upstream and downstream, industry by and large, speculation investigation, producing cost structure, industry strategies, plans and improvement, key players will drive key business choices and makes a logical expectation for the improvement business prospects based on past, present and estimate information identified with the External Defibrillators market advertise from 2019-2030.Request sample copy of this report at:-https://www.nextmsc.com/external-defibrillators-market/request-sampleStudy on Table of Contents:External Defibrillators Market Overview, Scope, Status and Prospect (2015-2020) covering COVID-19 Pandemic.Global External Defibrillators Market Competition by ManufacturersGlobal External Defibrillators Supply (Production), Consumption, Export, Import by Region (2015-2020)External Defibrillators Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream BuyersMarketing Strategy Analysis, Distributors/TradersGlobal External Defibrillators Market Effect Factors Analysis and Forecast (2020-2030)Research Findings and Conclusion Appendix – Methodology/Research Approach, Market Size Estimation, Data Source, Secondary Sources, Primary Sources, and Disclaimer.The right off the bat worldwide External Defibrillators market portrays the market review, Upstream, Technology and Cost Structure.
It likewise incorporates External Defibrillators industry rivalry structure investigation by market income of locale, deals and by External Defibrillators advertise by noticeable key players.
Likewise Consists of Global External Defibrillators Industry Application Status, Industry SWOT Analysis and Market Demand Forecast and examination of Production and Sales of the territorial market and future conjecture investigation.
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The Global External Defibrillators Market Report is prepared to club all the essential market details such as market size, share, value, growth, restraints, challenges, and opportunities during the study period of 2020-2025.
The data presented in this report has been gathered on the basis of historical data, primary interviews and expert's estimation of future trends.
The report also covers regional assessment which has been conducted globally.
The detailed content of the market study ensures intellectual insights given a better understanding of the untapped opportunities in the market.This research report categorizes the global External Defibrillators market by top players/brands, region, type and end user.
This report also studies the global External Defibrillators market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.The global External Defibrillators market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of during 2018-2025.
The objectives of this study are to define, segment, and project the size of the External Defibrillators market based on company, product type, end user and key regions.Access Full Report and Table of Contents @ https://www.decisiondatabases.com/ip/7846-external-defibrillators-industry-market-reportThe following manufacturers are covered in this report, with sales, revenue, market share for each company:Philips HealthcareGE HealthcareZollNihon KohdenOsatu (Mondragon)Cardiac ScienceLaerdal MedicalDefibtechPhysio-ControlHeartSine TechnologiesBOSTON SCIENTIFICZOLLMarket size by ProductAutomatic TypeManually TypeMarket size by End UserPulseless Ventricular TachycardiaVentricular FibrillationMarket size by RegionNorth AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanDownload free Sample Report of Global External Defibrillators Market @ https://www.decisiondatabases.com/contact/download-sample-7846The study objectives of this report are:To study and analyze the global External Defibrillators market size (value & volume) by company, key regions, products and end user, breakdown data from 2013 to 2017, and forecast to 2025.To understand the structure of External Defibrillators market by identifying its various subsegments.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).Focuses on the key global External Defibrillators companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.To project the value and sales volume of External Defibrillators submarkets, with respect to key regions.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.Purchase Full Global External Defibrillators Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-7846Other Reports by DecisionDatabases.comGlobal External AC-DC Power Supply Market Insights, Forecast to 2025Global External Hemostatic Device Market Insights, Forecast to 2025About Us:DecisionDatabases.com is a Global business research reports provider,enriching decision makers and strategists with qualitative statistics.
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