According to IMARC Group’s latest report, titled “Defibrillators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global defibrillators market reached a value of US$ 4.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.0 Billion by 2027, exhibiting a CAGR of 6.94% during 2022-2027.
Defibrillators are critical medical devices designed to provide a therapeutic shock to a patient's heart in life-threatening situations, such as cardiac arrhythmia, pulseless ventricular tachycardia, and ventricular fibrillation. They work by depolarizing the heart muscles and restoring their regular electrical activity, helping to prevent sudden cardiac attacks. There are several types of product variants available, including manual/wearable defibrillators, automated external defibrillators (AEDs), transvenous or subcutaneous implantable cardioverter defibrillators, and implantable cardioverter defibrillators. Currently, defibrillators are witnessing huge demand in hospitals, emergency medical services, and public places such as airports and shopping malls.
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Defibrillators Market Trends:
The increasing prevalence of sudden cardiac arrest and cardiovascular diseases (CVDs) and the rising geriatric population are some of the key factors bolstering the market growth. Additionally, governments of several nations are actively promoting awareness about defibrillators and providing training, which, in turn, is contributing to the market growth. This is further supported by extensive governmental and private funding in the healthcare industry and the development of rechargeable, wearable cardioverter defibrillators (WCDs) that can be worn under clothing. Moreover, the escalating demand for telemedicine and remote patient monitoring and the rising adoption of public access defibrillators (PADs) are providing a considerable thrust to the market growth. Other factors, such as the inflating consumer per capita income and surging investments in research and development (R&D) activities, are fueling the market growth.
Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The report has also analysed the competitive landscape of the market with some of the key players.
- Asahi Kasei Zoll Medical Corporation
- Biotronik
- Boston Scientific Corporation
- Koninklijke Philips N.V.
- LivaNova PLC
- Medtronic Inc.
- Nihon Kohden Corporation
- Schiller AG
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
- Stryker Corporation
Key Market Segmentation:
The report has categorized the market based on product type, end-user and region.
Breakup by Product Type:
- Implantable Defibrillators
- Transvenous Implantable Cardioverter Defibrillator (T-ICDs)
- Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs)
- Cardiac Resynchronization Therapy- Defibrillator (CRT-D)
- External Defibrillators
- Manual External Defibrillator
- Automated External Defibrillator (AEDs)
- Wearable Cardioverter Defibrillator (WCDs)
Breakup by End-User:
- Hospitals and Clinics
- Prehospital Care Settings
- Cardiac Centers
- Homecare Settings
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key Highlights of The Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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