External Defibrillator Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

In life-threatening situations such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia, defibrillators are devices that provide therapeutic shock to a patient's heart. Defibrillation is a process that involves administering an electric shock to the heart, which depolarizes the cardiac muscles and restores the heart's normal electric impulse.

The growth of the overall market can be attributed to the favorable reimbursement scenario and strong government support in selected countries, technological advancements in External Defibrillator, growing diabetic population, and rising awareness about External Defibrillator. In a study, it was found that the unavailability of defibrillators is the leading cause of SCA. As per the sudden cardiac arrest foundation, there are more than 356,000 out-of-hospital cardiac arrests (OHCA) annually in the U.S., nearly 90% of them fatal. Therefore, the government in developed countries such as the United States, U.K. has mandated to store and maintain Automated External Defibrillators in certain public places such as sports arenas, schools, government facilities, and institutes.

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In the UK there are as many as 100,000 hospital admissions each year due to heart attacks: that's one every five minutes. Around 1.4 million people alive in the UK today have survived a heart attack. More than 900,000 people in the UK are living with heart failure. In addition, coronary heart disease (CHD) is the second largest cause of cardiovascular death in China. It is responsible for 22% of cardiovascular deaths in urban areas and 13% in rural areas. Although mortality from CHD in China is relatively low compared with Western levels, the burden of CHD has been increasing.

According to UnivDatos Market Insights (UMI)’ research report “External Defibrillator Market”, the market is expected to witness a CAGR growth of around ~8% during the forecast period 2021-2027F. Global External Defibrillator Market is experiencing significant growth witnessing an uptick on account of the surging prevalence of the cardiovascular disease, the aging population, and other cardio-related problems that increases the possibility of cardiac arrest.

Based on Type, the market is segmented into Manual External Defibrillator, Automated External Defibrillator (AED), Wearable Cardioverter Defibrillator (WCD). The Automated External Defibrillator (AED) segment leads the External Defibrillator Market.

Based on End-User, the External Defibrillator market is segmented into Hospitals & Clinics, Ambulatory Surgical Centers, Home Settings and Others. The Ambulatory Surgical Centers segment commanded the significant share of the External Defibrillator market and is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing aging population and rising healthcare expenditure.

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North America to Grab Lion’s Share

North America currently owns the maximum market share in the External Defibrillator Market. However, Asia-Pacific region is expected to grow with the highest CAGR over the forecast period. Japan is the market leader in the Asia-Pacific external defibrillator market, accounting for majority of the AED market share. This is largely due to increased public awareness about the need of early detection and prevention of sudden cardiac arrest.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the External Defibrillator Market are includes GENERAL ELECTRIC COMPANY, ZOLL Medical Corporation, Koninklijke Philips N.V., Stryker, Mediana Co., Ltd, CU Medical System Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd, SCHILLER AG, Nihon Kohden Corporation, Bexen Cardio, etc.

• In April 2021: Asahi Kasei's ZOLL Medical Corporation announced the acquisition of Respicardia, Inc, a provider of implantable neurostimulators for the treatment of moderate to severe Central Sleep Apnea (CSA). Heart failure, coronary artery disease, and certain cardiac arrhythmias are all common symptoms of CSA.

“External Defibrillator Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1. By Type [Manual External Defibrillator, Automated External Defibrillator (AED), Wearable Cardioverter Defibrillator (WCD)]
2. By End-User (Hospitals & Clinics, Ambulatory Surgical Centers, Home Settings and Others)
3. By Region [North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)]
4. By Company (GENERAL ELECTRIC COMPANY, ZOLL Medical Corporation, Koninklijke Philips N.V., Stryker, Mediana Co., Ltd, CU Medical System Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd, SCHILLER AG, Nihon Kohden Corporation, Bexen Cardio)

Key questions answered in the study:

1. What are the current and future trends of the External Defibrillator Sector?
2. How the industry has been evolving in terms of consumer demand and product category?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the External Defibrillator Sector?
5. What is the customer orientation, purchase behavior, and expectations from the External Defibrillator suppliers across various countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 EXTERNAL DEFIBRILLATORS MARKET COVID-19 IMPACT

6 EXTERNAL DEFIBRILLATORS MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY END-USER

9 MARKET INSIGHTS BY REGION

10 EXTERNAL DEFIBRILLATORS MARKET DYNAMICS

11 EXTERNAL DEFIBRILLATORS MARKET OPPORTUNITIES

12 EXTERNAL DEFIBRILLATORS MARKET TRENDS

13 EXTERNAL DEFIBRILLATORS & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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