Pune, 08, Dec, 2022: The Defibrillators Market report published by Maximize market Research, the market is expected to grow from USD 10.28 billion in 2021 to USD 20.04 billion in 2029, at a CAGR of 9.8 percent for the forecast period from 2022 to 2029.
Defibrillators Market Scope and Research Methodology
The Defibrillators Market report provides sales, revenue, and average price forecast data by type and by application segments for the forecast Period. The Defibrillators Market is segmented by type, patient type, end user, and region. The growth of distinct segments assists our clients in obtaining knowledge of the many growth factors expected to be prevalent across the market and developing various strategies to assist in identifying core application areas and the gap in the target market. The research analyses the market in-depth and includes useful insights, facts, historical data, and statistically supported and industry validated market figures.
Secondary research was used to identify the major market participants, and primary and secondary research are used to calculate their market revenues. While primary research involved in depth interviews with key opinion leaders and industry professionals including seasoned front-line personnel, CEOs, and marketing executives, secondary research included reading through the annual and financial reports of the leading manufacturers. The secondary organisation sizes are used to calculate the percentage splits, market shares, growth rate, and breakdowns of the worldwide markets, which are then confirmed using the main organisation sizes. Top-down and bottom-up approaches were used to validate the market size and to estimate the market size by different segments. PESTLE was employed to understand the possible impact of the micro-economic factors affecting the Defibrillators Market.
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Defibrillators Market Overview
A defibrillator is an equipment that treats life threatening heart conditions such ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia by administering therapeutic shocks to the patients heart. The heart gets an electric shock and the defibrillation procedure depolarizes the cardiac muscles and restores the heart’s normal electric impulse. In the case of a sudden cardiac arrest, external defibrillators are life-saving medical devices that recognise and correct potentially fatal abnormal heart beats using paddles or electrode pads.
Defibrillators Market Dynamics
The increased prevalence of cardiovascular disease (CVD) and expanding healthcare infrastructure in emerging markets, Defibrillators Market have substantial development potential in these markets. A research by the American Heart Association predicts that by 2030, there would be a more than 50% rise in the number of cardiovascular events per year in China. Similarly, heart disorders claimed the lives of close to 25% of Indians in 2016, which was more than twice the rate in 1990, when heart diseases accounted for 18% of all fatalities. The prevalence of cardiovascular diseases is the major driver for the Defibrillators Market.
Due to issues with batteries, programming, software, and hardware, defibrillator devices placed in public areas are frequently prone to failure. Failure to defibrillate a patient might delay treatment or perhaps cause their death. Over the years, a number of defibrillators have been recalled because of operational issues with shock delivery, electrical issues, and hardware configuration. These defects might occasionally lead to subpar product performance or even patient fatality. The major restraint for the defibrillator market is the technical issues with the defibrillator that may even lead to patients death.
Defibrillators Market Regional Insights
The North American region dominated the global defibrillators market in 2021 and is expected to continue to do so through the end of the forecast period. The dominance is ascribed to the region’s developing leading market players, new product releases, and the high prevalence and rising population of cardiovascular disorders. For instance, nearly half of Americans have some form of cardiovascular disease, such as hypertension or coronary heart disease, according to American Heart Association statistics released in January 2019. This is expected to increase the burden of cardiovascular disease in the nation and fuel market growth.
The Asia Pacific region is expected to grow significantly during the forecast period. The Asia Pacific defibrillator market is expanding as a result of new product releases, a stronger emphasis on supplier contracts, and the rising focus of major competitors on these emerging areas. However, the issues including shortage of trained and qualified technicians in emerging Asia Pacific nations and the restricted availability of defibrillators during emergencies limit the region’s need for these devices.
Defibrillators Market Segmentation
By Type:
- Implantable cardioverter defibrillators
- Trans venous implantable cardioverter defibrillators
- Subcutaneous implantable cardioverter defibrillators
- External defibrillators
- Manual & semi-automated external defibrillators
- Fully automated external defibrillators
- Wearable cardioverter defibrillators
By Patient Type:
- Adult
- Paediatrics
By End Users:
- Hospitals, Clinics, and Cardiac centers
- Pre-hospital care settings
- Public access markets
- Home care settings
- Alternate care facilities
- Other end users
Defibrillators Market Key Manufacturers are:
- Medtronic
- Stryker Corporation
- Koninklijke Philips NV.
- Asahi Kasei Corporation
- Boston Scientific Corporation
- Abbott
- Nihon Kohden
- MicroPort
- BIOTRONIK
- CU Medical Systems
- METsis Medikal
- Mediana Co. Ltd.
- Mindray Medical International Ltd.
- Progetti SRL – Medical Equipment Solutions
- Schiller AG
- BPL Medical Technologies
- Metrax GmbH – PRIMEDIC
- MS Westfalia GmbH
- Bexen Cardio
- Axion Medical Equipment Ltd.
- Element Science Inc.
- Avive Solutions Inc.
- Jeevtronics Pvt. Ltd.
- HeartHero Inc.
- Shenzhen Comen Medical Instruments Ltd
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Key questions answered in the Defibrillators Market are:
- What is Defibrillators?
- What is the growth rate of Defibrillators Market for the forecast years?
- What is the nature of competition in Defibrillators industry in developed and developing economies?
- Who are the key players in the Defibrillators Market?
- Who are the market leaders in Defibrillators in Europe?
- Who are the market leaders in Defibrillators in USA and Canada?
- Who are the market leaders in Defibrillators in India, China, Japan and South Korea?
- What are the factors affecting growth in the Defibrillators Market?
- Who held the largest market share in Defibrillators Market?
- What are the factors for the growth of Asia-Pacific region in Defibrillators Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, Patient Type, End Users and Region.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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