External Defibrillators Market Overview:
Global External Defibrillators Market was valued at $4,345 million in 2016 and is expected to garner $7,512 million by 2023, registering a CAGR of 7.8% during the forecast period 2017 - 2023. Defibrillators are devices used to deliver therapeutic shock to a patients heart in life-threatening conditions such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia. The defibrillation procedure encompasses delivery of an electric shock to the heart, which depolarizes heart muscles and restores its normal electric impulse. Growth in focus toward public access defibrillator (PAD) by the public & private organizations, along with the key players, fuel the market growth. Other factors such as technologically advanced defibrillator devices, rapidly growing geriatric population with elevated risk of targeted diseases, and increase in incidence of cardiac diseases drive the market growth. However, frequent product recalls, increase in pricing pressure on players, and lack of awareness about sudden cardiac arrest (SCA) restrain the growth of this market.
The external defibrillators market is segmented based on product type and geography. On the basis of product type, the market is categorized into manual external defibrillator, automated external defibrillator (AEDs), and wearable cardioverter defibrillator (WCDs). Geographically, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Egypt, Israel, South Africa, and rest of LAMEA).
Global External Defibrillators Market Segmentation
Drivers, Restraints, and Opportunities
The impact of the driving factors is expected to surpass that of the restraints. Moreover, emergence of new technologies and increase in adoption of automated external defibrillators (AEDs) are anticipated to provide new growth opportunities in the near future.
Global Defibrillators Market Drivers And Restraints
AEDs are designed in a way such that they can be used by both the life-support trained personnel and laypersons. They are extensively available in casinos, airports, and schools. AED functions by guiding the user about its application by either giving signals to the rescuer to deliver shock or automatically deliver the shock. In addition, ZOLL AED Plus is the only AED that is presently coaching the rescuers to deliver the correct rate and depth of the compressions using an accelerometer that is inbuilt in the electrode pad.
Use of Defibrillators across End User
The end user for external defibrillators are hospitals, prehospital, public access market, alternate care market, and home. Different types of defibrillators are used across various end users depending upon its applications. For instance, manual defibrillators are majorly used across hospitals and prehospital, where the device is used in emergency unit for patients suffering from SCA. Wearable defibrillators and AEDs find usage across public access market, home, and alternative care market.
The recommendation for the usage of automated external defibrillators at public places has rapidly increased the adoption rate in the developed economies. Moreover, the rationalizing use of wearable cardioverter defibrillator (WCDs), accepted as temporary alternative or to bridge to long-term ICD implantation drives the market growth of external defibrillators.
The report provides a comprehensive analysis of the key players operating in the global external defibrillator market, such as 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, and Schiller Ag.
Key Benefits for Stakeholders:
- This report provides an extensive analysis of the current & emerging market trends and dynamics in the global external defibrillators market.
- Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
- This report entails the detailed quantitative analysis of the current trends and future estimations to identify the prevailing opportunities.
- Comprehensive analysis of factors that drive and restrict the market growth is provided in the report.
- Region- and country-wise market conditions are analyzed in the report.
External Defibrillators Market Key Segments:
By Product Type
- Manual External Defibrillator
- Automated External Defibrillator (AED)
- Semi-Automated External Defibrillator
- Fully Automated Defibrillator
- Wearable Cardioverter Defibrillator (WCD)
By End User
- Public Access Market
- Alternate Care Market
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA