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2022

External Defibrillators Market

External Defibrillators Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, by End User : Global Opportunity Analysis and Industry Forecast, 2021-2031

LS : Medical Devices & Supplies

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Author's: Prachi Sanjay Rakshe | Roshan Deshmukh
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External Defibrillators Market Research, 2031

The global external defibrillators market size was valued at $2.7 billion in 2021, and is projected to reach $5.2 billion by 2031, growing at a CAGR of 7% from 2022 to 2031. Defibrillators is a medical 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. The defibrillation procedure encompasses delivery of an electric shock to the heart, which depolarizes heart muscles and restores its normal electric impulse. External defibrillators are life-saving medical devices used to deliver defibrillating shock through paddles or electrode pads to diagnose and restore life-threatening abnormal heart rhythms in conditions of unexpected cardiac arrest.

Rise in focus towards public access defibrillator (PAD) by public and private organizations fuels the external defibrillators market growth. Moreover, increase in number of key players to develop advanced defibrillator devices, rapidly growing geriatric population with elevated risk of cardiac arrest, and increase in incidence of cardiac diseases further drive the market growth. Defibrillators are capable of performing cardioversion, defibrillation, and pacing of the heart. External defibrillators are of three major types, namely manual external defibrillator, automated external defibrillator (AEDs), and wearable cardioverter defibrillator (WCDs). AEDs are used for the treatment of sudden cardiac arrest (SCA) due to its high efficiency and ease in use, thereby bagging a large market share in the global defibrillators market. However, increase in pricing pressure on players restrains the growth of the external defibrillators market.

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Increase in adoption of technologically advanced defibrillators devices, rise in demand for quality medical care, and rise in prevalence of SCA are key factors for the growth of the external defibrillators market. In addition, increase in focus on installation of defibrillators in public places and availability of defibrillators in offices, schools, shopping malls, grocery stores, and airports propel the market growth. Furthermore, increase in focus of key market players on public access defibrillators and increase in number of training & awareness programs across the globe are a few factors that drive the growth of the external defibrillators market. Moreover, rise in advancements in the innovation of the next-generation external defibrillators to improve safety and effectiveness, is anticipated to create lucrative opportunities in the market. Defibrillators aim to enhance the ability of the industry, identifying and addressing problems associated with devices. SCA is the leading cause of death globally, which is a life-threatening condition. It can be treated successfully by early intervention of the disease with defibrillation at the right time.

The external defibrillators market is segmented into end user and product type. On the basis of product type, the external defibrillators market size is divided into manual external defibrillator, automated external defibrillator (AED), and wearable cardioverter defibrillator (WCD). Automatic external defibrillators are further classified into semi-automated external defibrillator and fully automated defibrillators. On the basis of end user, the market is segregated into hospitals, pre-hospital, public access market, alternate care market, and home. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Segment review

External Defibrillators Market by Product Type

By product type, the automated external defibrillators market segment currently dominates the global external defibrillators market and is expected to continue during the forecast period owing to rise in the initiatives by major companies, growth in the number of adoptions of defibrillators at healthcare facilities, and the usage of several public access defibrillation programs. However, the wearable cardioverter defibrillator market segment is expected to witness considerable growth during the forecast period, owing to increasing prevalence of cardiovascular disorders, increasing elderly population, and ease of use for non-invasive device.

External Defibrillators Market by End User

By end user, the hospitals segment dominated the external defibrillators industry in 2021 and is anticipated to be dominant in the market owing to ever-increasing volume of patients visiting hospitals, new business strategies adopted by key manufacturers, and growing adoption of external defibrillators by hospitals. However, the alternate care segment is expected to witness considerable growth during the forecast period, owing to owing to increase in the installation of defibrillators in public places like, highways, shopping malls, hotels, etc.

Region Segment Review

External Defibrillators Market by Region

North America garnered a major external defibrillators market share in 2021, and is expected to continue to dominate during the forecast period, owing to rise in the number of installations of external defibrillators in hospitals, along with other public places like hotels, schools, railway stations, highways and others. However, Asia-Pacific is expected to register highest CAGR of 8.9% during external defibrillators market forecast, owing to rising number of cardiovascular diseases, rising disposable incomes of developing countries like India, and China, rising healthcare costs, and recent improvements in the healthcare infrastructure.

The major companies operating in the report include, Asahi Kasei Corporation, CU Medical System, GE Healthcare, Mediana, Nihon Kohden Corporation, Philips Healthcare, Schiller AG, Shenzhen Comen Medical Instruments Co. Ltd., Shenzhen Mindray Bio-Medical Electronics, Co., and Stryker Corporation.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the external defibrillators industry, market segments, current trends, estimations, and dynamics of the external defibrillators market analysis from 2021 to 2031 to identify the prevailing external defibrillators market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the external defibrillators market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global external defibrillators market trends, key players, market segments, application areas, and market growth strategies.

External Defibrillators Market Report Highlights

Aspects Details
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By End User
  • Public Access Market
  • Alternate Care Market
  • Home
  • Hospitals
  • Pre-Hospitals
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By Product Type
  • Manual External Defibrillator
  • Automated External Defibrillator (AED)
    • Semi-Automated External Defibrillator
    • Fully Automated Defibrillator
  • Wearable Cardioverter Defibrillator (WCD)
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Asahi Kasei Corporation, Nihon Kohden Corporation, Stryker, CU MEDICAL GERMANY GMBH, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., MEDIANA CO., LTD., Schiller Ag, SHENZHEN COMEN MEDICAL INSTRUMENTS CO. LTD.

Analyst Review

The external defibrillators market has piqued the interest of healthcare providers because of several benefits offered by defibrillators to monitor and treat irregular heart rhythm coupled with the evolving indications for defibrillation. There have been remarkable technological advancements in defibrillators to provide advanced treatment options for the management of cardiac rhythm of heart patients. Rise in incidences of arrhythmias, SCA, and heart failures, technological advancements, and increase in emphasis on early prevention of heart stroke are some of the major factors that drive the growth of the external defibrillators market.

Automated external defibrillator (AEDs) aid in responding to a medical emergency, especially by any nonmedical personnel, such as flight attendants, police, fire service personnel, security guards, and other lay rescuers, who are trained properly to use AEDs. Therefore, AEDs are used at public places, such as airports, shopping centers, schools, hotels, offices, doctor’s office, and home. Increase in installations of public access AEDs, rise in incidences of cardiovascular diseases, and growing awareness regarding the lifesaving potential of AEDs fuel the market growth. AEDs dominate the global external defibrillator market due to their user-friendly feature and ability to save a patient’s life during emergencies.

Author Name(s) : Prachi Sanjay Rakshe | Roshan Deshmukh
Frequently Asked Questions?

Increase in adoption of technologically advanced defibrillators devices, rise in demand for quality medical care, and rise in prevalence of SCA are key factors for the growth of the external defibrillators market.

Automated External Defibrillator (AED) defibrillators segment dominated the global external defibrillators market in 2021

North America is the largest regional market for external defibrillators

In 2021, the external defibrillators market size was valued at $2,655.2 million

Asahi Kasei Corporation, Nihon Kohden Corporation and Philips Healthcare are some of the top companies in the external defibrillators market

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External Defibrillators Market

Global Opportunity Analysis and Industry Forecast, 2021-2031