Over the recent years, the global automated external defibrillator (AED) market has witnessed double digit growth, due to the rising frequencies of several cardio-vascular diseases and aging population. Rapid growth in the aging population with higher risk of target diseases is a major driver influencing the growth of automated external defibrillator market. Moreover, extensive availability of medical facilities for patients suffering from sudden cardiac arrest (SCA) and advancement in medical technology are some drivers of the global automated external defibrillator market. The automated external cardiac defibrillator market is one of the fastest growing segments whereas; the implantable/Internal cardiac defibrillators segment is one of the largest segments in the global defibrillator market.
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The automated external defibrillator market can be classified on the basis of technology and end-user. On the basis of technology, the global automated external defibrillator market is further divided into semi-automated and fully automated external defibrillators. The end-user market for automated external defibrillator is categorized into hospitals, pre-hospitals, public access and other alternate care market.
A home use defibrillator has hit the market of automated external defibrillators and is anticipated to provide vast opportunities in the near future. The only automated external defibrillator approved for home use is, Philips HeartStart Home Defibrillator which works by delivering a jolt of electricity to the patient in case of irregular heartbeat. The growth of automated external defibrillators is due to increased awareness in the US healthcare system. Various opportunities arising from emerging markets of developing countries are expected to provide major boost to the global automated external defibrillator market.
However, lack of awareness about sudden cardiac arrest is a major factor restraining the growth of the global automated external defibrillator market.
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Some of the major players in the global automated external defibrillator market include- Cardiac Science, Inc, Boston Scientific Corporation, Biotronik GmbH & Co. KG, Defibtech, LLC, NIHON KOHDEN CORPORATION, General Electric Company, St. Jude Medical, Inc., HeartSine Technologies Inc., Welch Allyn and Koninklijke Philips N.V.
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