Large scale demand for the installation of automated external defibrillators (AEDs) at public places to prevent fatal outcomes from SCA is the prime factor that drives the market growth.
External defibrillators are light weight and portable devices used to deliver therapeutic shock to a patient’s heart in life-threatening conditions such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia. These devices form a vital tool to deliver a rapid response to the victims of cardiac arrest.
The external defibrillator market was valued at $4,345 million in 2016, and is projected to reach $7,512 million by 2023, growing at a CAGR of 7.8% from 2017 to 2023.
This is attributed to the growth in focus toward public access defibrillator (PAD) by the public & private organizations, along with the key players, which fuels the market growth. Other factors, such as rapid growth in geriatric population with elevated risk of targeted diseases, technological advancement for defibrillator devices, and increase in incidence of cardiovascular diseases drive the market growth.
However, stringent regulations, increase in pricing pressure on players, and lack of awareness about sudden cardiac arrest (SCA) limit the market growth.
The global external defibrillators market is segmented on the basis of product type, end user, and geography. Based on product type, it is classified into manual external defibrillator, automated external defibrillator, and wearable external defibrillator.
Automated external defibrillator is further bifurcated into semi-automated and fully automated defibrillators. Based on end user, it is categorized into hospitals, pre-hospitals, public access markets, alternative care market, and home.
Geographically, the external defibrillator market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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- Nihon Kohden Corporation
- Cardiac Science Corporation
- Philips Healthcare
- HeartSine Technologies LLC
- ZOLL Medical Corporation
- Mindray Medical International Limited
- Defibtech, Llc
- Physio-Control, Inc
- GE Healthcare
- Schiller Ag
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