The Global Defibrillators market size was around USD 10.01 billion in 2016. It is expected to grow at a CAGR of 7.3% to reach USD 14.24 billion by 2021. Defibrillator is a vital tool in cardiopulmonary resuscitation indicated in cardiac arrhythmia.
Growing incidences of cardiovascular diseases worldwide, augmenting geriatric population, growing number of training and awareness programs are the primary causes driving the growth of this market.
But still, issues related to the use of implantable and external defibrillators along with lack of awareness on sudden cardiac arrests (SCAs) can hinder the growth of this market. Frequent product recalls coupled with growing pricing pressure on market players also inhibit market growth to a certain extent.
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The global Defibrillators market can be categorized into two categories: by product, and by end user.If we go by product, Defibrillators market is segmented into Implantable Cardioverter Defibrillators (ICDS) and External Defibrillators.
Implantable Cardioverter Defibrillators (ICDS) is further segmented into Transvenous Implantable Cardioverter Defibrillators (T-ICDS) (Biventricular ICDS/Cardiac Resynchronization Therapy Defibrillators (CRT-DS), Dual-Chamber ICDS and Single-Chamber ICDS) and Subcutaneous Implantable Cardioverter Defibrillators (S-ICDS). External Defibrillators is further categorized into Automated External Defibrillators (AEDS) (Semi-Automated External Defibrillators and Fully Automated External Defibrillators), Manual External Defibrillators and Wearable Cardioverter Defibrillators (WCDS).
Last but not the least, on the basis of end users the market is segmented into Hospitals, Clinics, & Cardiac Centres, Pre-Hospitals, Public Access Markets and Home Care.
By geography, the global Defibrillators market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Presently, North America accounts for the largest market share while Asia Pacific has the highest CAGR.
Major companies in the Defibrillators market are Medtronic PLC (Ireland), St. Jude Medical, Inc. (U.S.), Boston Scientific Corporation (U.S.), BIOTRONIK SE & Co.
KG (Germany), LivaNova PLC (U.K.), Koninklijke Philips N.V. (Netherlands), ZOLL Medical Corporation (U.S.), Cardiac Science Corporation (U.S.), Physio-Control, Inc.
(U.S.), and Nihon Kohden Corporation (Japan).
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