SEATTLE, April 07, 2021, (MEDGADGET) — Global Defibrillators Market
Defibrillation is a technique that is regarded as a definitive treatment for cardiac dysrhythmias, arrhythmias, and ventricular tachycardia. Defibrillators are devices that are used to defibrillate or stabilize the heartbeat of a patient suffering from the abovementioned conditions. The major function of defibrillation in ventricular arrhythmias is to apply a controlled electrical shock to the heart, which leads to the depolarization of the electrical conduction system of the heart. After the heart is polarized the normal electrical conduction is attained, thus, terminating ventricular arrhythmia.
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Increasing prevalence of cardiovascular disorders is projected to fuel growth of the global defibrillators market
The global defibrillators market size was valued at US$ 13,676.1 million in 2018, which is expected grow significantly, exhibiting a CAGR of 5.5% over the forecast period (2019–2027).
Significant factors driving the demand for defibrillators worldwide include high prevalence of cardiovascular disorders, increasing product approvals and launches, and growing adoption of business expansion strategies by key market players to expand their geographical presence and product portfolio. As per the latest report, increasing incidences of cardiovascular disorders in developed and emerging economies of the world, along with the burgeoning patient population affected with cardiovascular disorders, are expected to generate a high demand for efficient defibrillator products during the forecast period. As per a 2017 report released by the Centers for Diseases Control and Prevention (CDC), around 735,000 people in the U.S. suffer from a heart attack annually, of which 525,000 people experience the first heart attack and about 210,000 people have already had a heart attack before. However, certain factors, such as product recalls, could hinder the global market growth over the following years. In June 2019, Abbott recalled 204 Ellipse implantable cardioverter defibrillators due to a massive electrical failure, which was caused by faulty manufacturing.
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Increasing technological advancements are foreseen to propel the global defibrillators market development
Defibrillators have improved significantly over the recent years, in terms of cost, size reduction, and ease of operation. Two of the most important advancements are the development of automated external defibrillator (AED) and implantable cardioverter defibrillator (ICD). These devices help prevent cardiac attacks, with little or no external assistance, irrespective of the time and location in case of any major variations in heartbeat. With technological improvements, operating a defibrillator has become way easier for a by-stander post induction of proper training. Inbuilt audio and video support with combined CPR and defibrillation facility has encouraged people to use them at public places, as well as at homes.
Key Players of the Global Defibrillators Market
The leading players operating in the global defibrillators market include Koninklijke Philips N.V., Metrax GmbH, Medtronic, Mindray Medical International Limited, Boston Scientific Corporation, GE Healthcare, Nihon Kohden, Abbott, BIOTRONIK, Stryker, and LivaNova PLC.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Developments
- Industry Trends
- Regulatory Scenario
- Reimbursement Scenario
- Epidemiology
- PEST Analysis
- Market Dynamics
- Global Defibrillators Market, By Product Type, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Implantable Cardioverter Defibrillators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Single Chamber Implantable Cardioverter Defibrillators
- Dual Chamber Implantable Cardioverter Defibrillators
- External Defibrillators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Manual External Defibrillators
- Automated External Defibrillators
- Wearable Cardioverter Defibrillators
- Introduction
- Global Defibrillators Market, By End User, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Cardiac Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Defibrillators Market, By Region, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of APAC
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016 – 2027, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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