Market Overview:
External Defibrillators Market was valued at USD 3.19 billion in 2022 and is expected to reach USD 6.50 billion by 2030, growing at a compound annual growth rate (CAGR) of 9% from 2023 to 2030.
External defibrillators are medical devices that deliver an electric shock to the heart to restore its normal rhythm. They are used to treat sudden cardiac arrest, a life-threatening condition in which the heart suddenly stops beating.
The key players in the External Defibrillators Market include
Medtronic, Abbott, Boston Scientific, Philips, Zoll Medical, Biotronik, Physio-Control, Cardiac Science, Livanova, Nihon Kohden, Schiller, Mindray Medical, Mediana, Metrax, and Metsis Medikal.
These companies offer a wide range of external defibrillators, including manual, semi-automatic, and fully automatic devices. They also offer a variety of accessories and training programs to help users learn how to use an AED effectively.
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The market growth is attributed to the increasing prevalence of cardiovascular diseases, rising awareness about the importance of early defibrillation in sudden cardiac arrest, and government initiatives to make AEDs more accessible to the public.
The external defibrillators market is driven by a number of factors, including:
- Increasing prevalence of cardiovascular diseases: Cardiovascular diseases are the leading cause of death globally, and the number of people with these diseases is expected to continue to rise in the coming years. This is due to a number of factors, including aging populations, increasing rates of obesity and diabetes, and unhealthy lifestyles.
- Rising awareness about the importance of early defibrillation: Early defibrillation is critical for improving survival rates from sudden cardiac arrest (SCA). External defibrillators are easy to use and can be used by anyone, even if they have no medical training.
- Growing government initiatives to promote public access defibrillation programs: Many governments around the world are promoting public access defibrillation programs by installing AEDs in public places, such as airports, schools, and shopping malls.
- Technological advancements in external defibrillators: External defibrillators are becoming more sophisticated and easier to use. For example, some AEDs now provide voice prompts and visual cues to guide the user through the defibrillation process.
The external defibrillators market presents a number of opportunities for growth, including:
- Expanding public access defibrillation programs: There is still a significant opportunity to expand public access to AEDs. For example, AEDs could be installed in more workplaces, churches, and other community settings.
- Increasing adoption of AEDs in home care settings: The adoption of AEDs in home care settings is also growing, as more and more people with cardiovascular diseases are being cared for at home.
- Growing demand for external defibrillators in developing countries: The demand for external defibrillators is expected to grow rapidly in developing countries, as these countries experience an increase in the prevalence of cardiovascular diseases.
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis.
The market is segmented by type, application, and region.
By type, the market is segmented into
- Automated External Defibrillators (AEDs)
- Manual External Defibrillators
AEDs are designed to be used by lay responders, even if they have no medical training. They provide clear voice instructions that guide the user through the defibrillation process. Manual external defibrillators are typically used by medical professionals, such as paramedics and nurses. They require more training to operate.
By application, the market is segmented into
- Hospitals, Clinics, and Cardiac Centers
- Pre-Hospital Care Settings
- Public Access Markets
- Home Care Settings
- Alternate Care Facilities
Hospitals and clinics are the largest users of external defibrillators. However, the public access market is growing rapidly, as more and more public places are being equipped with AEDs.
The report summarizes all the information collected and serves the customers requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Regional Analysis of External Defibrillators Market:
The market is segmented into North America, East Asia, Europe, South Asia, Southeast Asia, the Middle East, Africa, Oceania, and South America. North America is the largest market for external defibrillators, followed by Europe and East Asia. The market in emerging regions, such as South Asia and Africa, is expected to grow rapidly in the coming years.
Table of Contents for External Defibrillators Market
- Report Overview
- Market Competition by Manufacturers
- Sales by Region
- North America
- East Asia
- Europe
- South Asia
- Southeast Asia
- Middle East
- Africa
- Oceania
- South America
- Rest of the World
- Sales Volume, Sales Revenue, Sales Price Trend by Type
- Consumption Analysis by Application
- Company Profiles and Key Figures in External Defibrillators Business
- External Defibrillators Manufacturing Cost Analysis
- Marketing Channel, Distributors, and Customers
- Market Dynamics
- Production and Supply Forecast
- Consumption and Demand Forecast
- Research Findings and Conclusion
- Methodology and Data Source
This report is primarily focused on achieving...
- To provide a comprehensive overview of the industry
- To analyse the factors affecting the growth of the External Defibrillators Market.
- To present past and future earnings of the market segments globally
- To conduct a regional-level examination of the market and its current size and prospects
- To study the market by product type and research methodologies
- To profile key players in the market and assess their strengths and competitive structure.
- To track the competitive advancements in the global External Defibrillators Market.
Why You Should Invest in this Report
- To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
- Assess the production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for the market.
- Besides the standard structure reports, we also provide custom research according to specific requirements.
Overall, the external defibrillators market is expected to witness significant growth during the forecast period. The increasing prevalence of cardiovascular diseases, rising awareness about the importance of early defibrillation, and growing government initiatives to promote public access defibrillation programs are expected to drive the growth of the market.
The report is a valuable source of information for companies and individuals interested in the market and provides an in-depth knowledge of the market. The table of contents includes chapters on industry overview, global competition, production market analysis, sales, consumption, export, import by regions, market analysis by region, company profiles, market forecast, and conclusions.
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