Rising incidence of cardiovascular disorders is expected to propel the global defibrillators market growth over the forecast period. According to the America Heart Association’s report published in 2019, around 50% of all adults in the U.S. suffer from cardiovascular disorders.
Major players are involved in product launches, in order to enhance the market presence. For instance, in April 2019, Stryker launched new defibrillation solution LIFEPAK CR2 defibrillator with LIFELINK central AED program manager for analysis of heart rhythm during CPR, in the U.S. Furthermore, increasing merger and acquisition activities is also expected to drive growth of the global defibrillators market during the forecast period. For instance, in January 2017, Abbott announced acquisition of St. Jude Medical, Inc. The acquisition assisted Abbott to strengthen its market positioning and increase product offering in defibrillators market.
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Growing demand for defibrillators in emerging economies is expected to boost the global defibrillators market growth over the forecast period. According to America Heart Association’s report published in 2016, cardiovascular diseases (CVDs) are a leading cause of mortality in India. The standardized CVD death rate was 272 per 100,000 population in India, which is higher than the worldwide death rate of 235 per 100,000 population. Key players in the market are focused on adopting new and advance technology for production of efficient product. For instance, in March 2019, BIOTRONIK announced European market launch of Acticor and Rivacor ICD and CRT-D Devices, the world’s smallest implantable cardioverter-defibrillator (ICD) and cardiac resynchronization therapy defibrillator.
The global defibrillators market is expected to exhibit a CAGR of 5.5% over the forecast period, owing to increasing merger & acquisition activities. For instance, in June 2019, Zoll Medical Corporation entered into a definitive agreement to acquire Cardiac Science Corporation, a provider of automated external defibrillators (AEDs). The agreement is expected to strengthen the market position of Zoll Medical Corporation by increasing its product offerings.
On the basis of product type, the implantable cardioverter defibrillators (ICD) segment accounted to account for major market share in the global defibrillators market in 2018, owing to increasing product approvals and clinical research in major developed and emerging regions. For instance, in May 2019, BIOTRONIK started next-gen trial to study the clinical safety and workflow benefits of ICD and CRT-D systems.
On the basis of end users, the hospitals segment held dominant position in the global defibrillators market in 2018, owing rapidly increasing hospital industry in developing and developed economies. For instance, according to the India Brand and Equity Foundation report published in 2019, the Indian hospital industry is expected to reach a market value of US$ 132.8 billion by 2022. The rapid increase in primarily due to increasing government investment in healthcare infrastructure.
Key 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
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Defibrillators Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Defibrillators Industry Impact
Chapter 2 Global Defibrillators Competition by Types, Applications, and Top Regions and Countries
2.1 Global Defibrillators (Volume and Value) by Type
2.3 Global Defibrillators (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Defibrillators Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Defibrillators Market Analysis
Chapter 6 East Asia Defibrillators Market Analysis
Chapter 7 Europe Defibrillators Market Analysis
Chapter 8 South Asia Defibrillators Market Analysis
Chapter 9 Southeast Asia Defibrillators Market Analysis
Chapter 10 Middle East Defibrillators Market Analysis
Chapter 11 Africa Defibrillators Market Analysis
Chapter 12 Oceania Defibrillators Market Analysis
Chapter 13 South America Defibrillators Market Analysis
Chapter 14 Company Profiles and Key Figures in Defibrillators Business
Chapter 15 Global Defibrillators Market Forecast (2021-2027)
Chapter 16 Conclusions
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