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Defibrillators Market growing at 3.1% CAGR and Reaching to US$ 10.88 Billion Revenue to 2023 – dominated by Mediana (South Korea), METRAX (Germany) and METsis (Turkey)

Medical and Health

Key players in defibrillators market include Medtronic (Ireland), St. Jude Medical (US), Boston Scientific (US), Koninklijke Philips N.V. (Netherlands), ZOLL Medical (US), BIOTRONIK (Germany), Physio-Control (US), Cardiac Science (US), LivaNova (UK), Nihon Kohden (Japan), SCHILLER (Switzerland), Mindray Medical (China), Mediana (South Korea), METRAX (Germany), and METsis (Turkey).

Defibrillators marketsegmented into hospitals, clinics, and cardiac centers; pre-hospital care settings; public access markets; alternate care facilities; and home care settings. Public access markets segment is expected to grow at highest CAGR.

Growth in this segment is attributed to development of advanced AEDs, rising cases of sudden cardiac arrest at out-of-hospital settings, and increasing number of public access defibrillation programs across the globe.

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The global defibrillators market is expected to reach USD 10.88 billion by 2022 from USD 9.32 billion in 2017, growing at a CAGR of 3.1%. Factors such as technological advancements in defibrillators, rising prevalence of target diseases, growing focus on providing public-access defibrillators, and training & awareness programs on defibrillators are expected to propel the growth of this market.

The report forecasts the revenue of the market segments with respect to four main regions.

“The hospitals, clinics, and cardiac centers segment to dominate the global defibrillators market during the forecast period.”

Objectives of the study are To define, describe, and forecast defibrillators market on the basis of product, end user, and region. To provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and industry-specific challenges) along with the current trends.

To strategically analyze micromarkets with respect to their individual growth trends, future prospects, and contributions to the total market.

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Defibrillators market has witnessed significant developments in terms of technological advancements and new product developments. External defibrillators available in the market have provided numerous benefits to patients in terms of ease-of-use, increased patient comfort, and increased accessibility.

“The external defibrillators segment is expected to grow at the highest CAGR during 2017 to 2022.”

Key Stakeholders

  • Defibrillator manufacturers, vendors, and distributors
  • Defibrillators service companies
  • Research institutes and government organizations
  • Venture capitalists and other government funding organizations
  • Research and consulting firms
  • Healthcare institutions (hospitals and medical schools)
  • Medical device suppliers and distributors
  • Group purchasing organizations (GPOs)

Study Report on Defibrillators market data across four major geographies, North America, Europe, Asia Pacific, & Rest of the World (RoW). North America is expected to account for the largest share of the global marke.

External defibrillators segment is expected to grow at the highest CAGR during 2017 to 2022.

More Information on Research on “Defibrillators Market by Product (Implantable Cardioverter Defibrillator (Transvenous ICD, Single & Dual Chamber, CRT-D, S-ICD) and External (Manual, AED, Wearable)), End User (Hospitals, Prehospital, Public Access, Home care) - Global Forecast to 2022” report at…ame=283383 .

Research Coverage

This report studies the defibrillators market based on product, end user, and region. The report also analyzes factors (such as drivers, restraints, opportunities, and challenges) affecting market growth.

It evaluates opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. The report also studies micro markets with respect to their growth trends, prospects, and contributions to the total market.

Reasons to read the Report:

The large share in the North American region is mainly attributed to the rising incidence of target diseases in the region, technological advancements in defibrillators, and increasing number of public defibrillation programs in the region. Factors such as the rapidly growing aging population, increasing cases of cardiovascular diseases, improving research infrastructure, and growing focus of key market players to expand their presence in this region are driving the growth of the Asia Pacific market.

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