Advent of automated external defibrillators (AEDs) for public access places, rising incidences of sudden cardiac arrest, and growing awareness towards public access defibrillators worldwide are the factors majorly driving the market growth. The rising number of application areas for defibrillators, coupled with increasing adoption of defibrillator systems (both ICDs and external defibrillators) in cardiology, is expected to boost the world defibrillators market growth.
The global defibrillators market size is expected to grow $15,610 million by 2022 with a CAGR of 6.5%. Implantable cardioverter defibrillators (ICDs) segment is expected to dominate this market throughout 2015 and 2022. North America would continue to lead, accounting for more than two-fifths share of the world defibrillator market in 2015.
The ability of the defibrillator device to diagnose early onset of ventricular tachycardia and ventricular defibrillation is expected to promote its demand. On the other hand, the life-saving potential of automated external defibrillators (AEDs) in addition to positive legislations for installation of public access defibrillators (PAD) has witnessed the remarkable growth in the defibrillator market.
Automated external defibrillator (AEDs) segment is projected to maintain its lead in the overall external defibrillators market. Furthermore, wearable external defibrillator is anticipated to exhibit the highest growth, with a CAGR of 12.3% during the forecast period.
Automated external defibrillator (AEDs) segment is projected to maintain its lead in the overall external defibrillators market due to its increasing installations at public or private places such as schools, work place, airports, sports arenas, government offices, and others. The growing demand of AEDs in the developed economies of North America and Europe have further boosted the market growth. Furthermore, wearable external defibrillator is anticipated to exhibit the highest growth, with a CAGR of 12.3% during the forecast period. This is owed to the advanced protection by these defibrillators for sudden cardiac arrest and increase in demand from home healthcare facilities.
Key Findings of Defibrillator Market:
- In 2015, T-ICDs led the overall implantable defibrillator market revenue, and is projected to grow at a CAGR of 4.9% during the forecast period.
- Wearable external defibrillator segment is expected to grow at a remarkable CAGR of 12.3%, owing to the non-invasive nature and increased demand of home healthcare for the treatment of sudden cardiac arrest.
- Fully-automated defibrillator segment is projected to grow at a CAGR of 9.9% during the analysis period.
- The automated external defibrillator (AEDs) is projected to generate the largest revenue in the external defibrillator market.
The key players analyzed in the report include
- ZOLL Medical Corporation (a subsidiary of Asahi Kasei Corporation)
- Stryker Corporation
- Biotronik SE & Co. KG
- Boston Scientific Corporation
- LivaNova PLC
- Medtronic plc
- Koninklijke Philips N.V.
- Defibtech
- LLC
- St. Jude Medical, Inc.
- Nihon Kohden Corporation
- Cardiac Science Corporation.
Read More: https://www.alliedmarketresearch.com/defibrillator-market
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