Defibrillator Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast


Defibrillators Market size was valued at USD 10.28 Bn. in 2021 and the total Defibrillators revenue is expected to grow at a CAGR of 8.7% from 2022 to 2029, reaching nearly USD 20.04 Bn.

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Market Overview

A defibrillator is a medical device that delivers therapeutic shocks to a patient's heart in life-threatening disorders such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia. The defibrillation method involves administering an electric shock to the heart, which depolarizes the cardiac muscles and restores the heart's normal electric impulse. External Defibrillators Market are life-saving medical devices that utilize paddles or electrode pads to deliver defibrillating shocks to identify and repair life-threatening irregular heart rhythms in the event of a sudden cardiac arrest.

COVID-19 has impacted the global economy in three ways that are directly impacting output and demand, interrupting the supply chain, and having a financial impact on enterprises and financial markets owing to stringent lockdowns in most nations. Delays in product and service delivery have been seen as a result of nations' updated packaging rules and lockout mechanisms. All of these problems have a detrimental influence on the defibrillator market's production and supply chain of Defibrillators. However, this is offset by an increase in demand in Defibrillators because of an increase in cardiovascular patients across all areas, as automated external is a beneficial intervention for cardiac arrest.

Market Scope

During the forecast, the Defibrillators is developing at a stable rate between 2021 and 2029. Due to the efforts of industry participants, the market is forecast to grow significantly between 2021 and 2029.

In addition, The COVID-19 outbreak adversely impacted the ICDs market, with dampened demand and sales in 2020. As hospitals started elective surgeries, sales increased. However, the advancement of COVID-19 in numerous significant markets created concern throughout the year. Abbott, for example, reported growth in its hospital-based operations in the second and third quarters of 2020. However, due to a significant surge in COVID-19 cases and hospitalizations in several countries, the improving trends leveled or were severely impacted during Q4 2020. Nihon Kohden, on the other hand, forecast robust defibrillator sales growth in 2020, despite slowed sales activity owing to the pandemic.

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Segmentation:

Based on End Users, the hospitals, clinics, and cardiac centers segment dominated the defibrillators market with the highest market share in 2021. This segment is further expected to maintain its dominance at the end of the forecast period. Hospitals, clinics, and cardiac centers perform the vast majority of implanted cardioverter defibrillator (ICD) operations. Defibrillators are commonly seen in critical care units (CCUs), intensive care units (ICUs), and emergency departments.

The public-access markets segment includes both trained and unskilled people, as well as bystanders who utilize AEDs to treat abrupt out-of-hospital cardiac arrests. The United States, as well as several European and Asian nations, have implemented legislation governing the installation of AEDs in public locations and the use of AEDs by onlookers. AEDs have therefore been put in public venues such as community centers, schools, stadiums, health clubs, recreation centers, retail malls, transit hubs, government buildings, airlines, and workplaces.

Key Players:

• Element Science Inc.
• Avive Solutions Inc.
• Jeevtronics Pvt. Ltd.
• HeartHero Inc.
• Shenzhen Comen Medical Instruments Ltd.

Regional Analysis

The report on the Defibrillators's growth provides a detailed regional analysis. It demonstrates the most significant regional divides, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, has global influence. To keep ahead of the competition, market research gains a better perspective and understanding of the market and target audience.

Key Questions answered in the Defibrillators Report are:

  • What is the competitive scenario of the Defibrillators?
  • Which region held the largest market share in the Defibrillators?
  • What are the opportunities for the Defibrillators?
  • What factors are affecting the Defibrillators growth?
  • Who are the key players of the Defibrillators?
  • Which company held the largest share in the Defibrillators?
  • What will be the CAGR of the Defibrillators during the forecast period?
  • What key trends are likely to emerge in the Defibrillators in the coming years?

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by India Water-based Inks#
  • Landscape- Leading key players and other prominent key players.

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Published in

Business , News

Published on

Mar 06, 2023

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