Medical Devices Defibrillators Market is projected to grow at a CAGR of 3.2% from 2021 to 2027

Defibrillators Market is projected to grow at a CAGR of 3.2% from 2021 to 2027

Defibrillator is a medical electronic device used to provide a therapeutic shock to a patient’s heart in severe conditions such as pulse less ventricular tachycardia, cardiac arrhythmia and ventricular fibrillation. The electric shock depolarizes the heart muscles and reinstates its normal electric impulse. The sudden death among people suffering from life-threatening arrhythmia can be prevented from electric shock. The defibrillators are fully automated, easy to use and are user-friendly. Defibrillators are now becoming famous in the market due of its emphasis on offering public access. The advanced defibrillator devices are in huge demand among the elderly population with a high possible risk of targeted diseases. Defibrillators can expand the survival rate from unexpected asystole. End-Users of defibrillators include hospitals, clinics, & cardiac centers, pre-hospitals, public access markets, home care, and alternate care markets. 

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Key Driving Factors: Rising incidence of sudden cardiac arrest (SCA) and cardiovascular diseases

SCA is a sudden cardiac arrest an unexpected pulse less condition, which is caused by the end of cardiac mechanical activity. Sudden cardiac arrest is a most common cause of death among adults, usually people above the age of 40. In the U.S. alone, 326,200 people sustain out-of-hospital cardiac arrests (OHCA). Additionally, the cardiac diseases are the leading cause of death around the world, considered for 17.3 million deaths per year and expected to grow more than 23.6 million by next few years. As per the American Heart Association, 5.5 million people have affected by heart failure in the U.S. only, whereas 10 million in European countries. In addition, in the U.S., across 700,000 new cases of heart failure are diagnosed yearly and around 58,000 patient deaths are ascribed to heart failure yearly. The sudden cardiac arrest is one of the major key factors for the growth of the defibrillators market.

The key players of the defibrillators market are Abbott Laboratories, Defibtech LLC, Koninklijke Philips NV, Microport, LivaNova PLC, Medtronic PLC, Boston Scientific Corporation, Nihon Kohden Corporation, Physio-Control Inc, ZOLL Medical Corporation, ST. Jude Medical, Zoll Medical Corporation, Physio-Control, CU Medical Systems, Mediana, Biotronik, Cardiac Science Corporation, Metsis Medikal, Mindray Medical, Progetti Medical Equipment Solutions, and Schiller AG., and others.  

Growing technological advancements are expected to generate opportunities for the global defibrillators market development

Defibrillators have upgraded significantly in the past few years, in respect of price, size reduction, and ease of use. The two most important advancements are the evolution of automated external defibrillator (AED) and implantable cardioverter defibrillator (ICD). These devices assists in preventing cardiac attacks, with minute or no external support, disregarding of the time and place in case of any significant differences in heartbeat. With technological advancements, the usage a defibrillator has become way much easier for a by-stander post induction of proper training. Combined CPR with inbuilt audio and video support and defibrillation facility has initiated people to use them at public places, as well as at homes. Thereby, the advanced improvements made in the defibrillators are expected to provide opportunities for the market growth.

Based on End Users:

The end users include hospitals, clinics, and cardiac centers, prehospital care settings, public access markets, home care settings, alternate care facilities and other technologies. Among them the hospitals, clinics, and cardiac centers mostly use the defibrillator devices. Since, there is an increasing number of cardiac implant procedures take place in hospitals, clinics, and cardiac centers and availability of reimbursement policies.         

The Defibrillators Market report has been categorized as below

By Type

  • Implantable Cardioverter Defibrillators (ICDs)
  • External Defibrillators
  • Infectious Diseases
  • Autoimmune Disease
  • Other Diseases

By End User

  • Hospitals, Clinics, and Cardiac Centers
  • Prehospital Care Settings
  • Public Access Markets
  • Home Care Settings
  • Alternate Care Facilities
  • Other Technologies

By Region

  • Europe
  • North America
  • Asia Pacific
  • Rest of the World

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Published Date : April-2021