Automated External Defibrillator Market
Defibrillators are medical devices that defibrillate or stabilise a person’s heartbeat when they have ventricular tachycardia or arrhythmias (an irregular heartbeat) (a heart rhythm disorder).
People who have experienced sudden cardiac arrest can be revived with automated external defibrillators (AEDs). People who are suffering from sudden cardiac arrest, a dangerous heart ailment, can be treated with the use of portable, life-saving AEDs. The electrical system of the heart is usually the cause of cardiac arrests. Defibrillators are thus becoming more and more in demand as cardiac illnesses like heart attack and stroke become more and more common.
Market Statistics
The market for automated external defibrillators was estimated at US$ 717.5 Mn in 2021 and is expected to expand at a CAGR of 7.8% from 2022 to 2028 attending US$ 1,217.0 Mn.
In terms of volume, North America held a 55.0% share of the global market for automated external defibrillators in 2020, followed by Europe and the Asia Pacific, in that order.
To Get More Business Strategies Request Free Sample Copy of This Research Report:) @ https://www.coherentmarketinsights.com/insight/request-sample/5078
Recent Developments
With this acquisition, ZOLL Medical Corporation concentrated on cardiopulmonary resuscitation, including defibrillators, AEDs, and wearable defibrillators like the LifeVest. The business had aimed to expand in the field of heart failure.
Royal Philips gained premarket approval from the US FDA in June 2020 for its HeartStart FR3 and HeartStart FRx programmable exterior devices as well as any necessary batteries including pads.
Shenzhen Mindray released the BeneHeart C Series AED in September 2019 with improved features and quicker shock delivery to improve resuscitation results for sudden cardiac arrest (SCA). It is currently offered in Europe and a few other picky nations.
Market Drivers
Over the projected period, it is anticipated that the global prevalence of cardiovascular diseases (CVDs) would contribute to the expansion of the automated external defibrillator market. For instance, the World Health Organization (WHO) reports that cardiovascular diseases (CVDs) are the number one killer worldwide, claiming 17.9 million lives annually. Heart attacks and strokes account for more than four out of every five CVD fatalities, and one-third of these deaths happen before the age of 70.
During the projected period, more training and awareness campaigns about defibrillators are anticipated to support the growth of the worldwide market for automated external defibrillators. For instance, GAA started a programme to raise awareness of defibrillators in March 2021.
Through the scheme, clubs may generate money for brand-new AEDs that are linked to the internet by way of the mobile phone network. This indicates that automated external defibrillators will monitor and email users if there is a problem that needs to be fixed.
For More Information or Query or Customization before Buying, Visit at – https://www.coherentmarketinsights.com/insight/talk-to-analyst/5078
Market Restraints
The expansion of the international market for automated external defibrillators is anticipated to be constrained by strict laws and regulations governing medical equipment, especially AEDs.
For instance, in order to guarantee the quality and dependability of AEDs, the US Food & Drug Administration (FDA) mandates that manufacturers get premarket clearance for all AEDs.
The global market for automated external defibrillators is anticipated to have slow growth due to a lack of awareness and early intervention for sudden cardiac arrest. For instance, a number of different medical illnesses or ways of living, such as diabetes, obesity, being overweight, eating poorly, not exercising, and drinking excessively, can increase a person’s chance of developing heart disease.
Market Opportunities
Global market participants for automated external defibrillators should benefit financially from the growing elderly population. The older population is linked to a steady decline in the structure and performance of the heart and promotes the emergence of chronic illnesses. For instance, the WHO predicts that by 2030, one in six individuals would be beyond the age of 60 and that by 2050, the number of persons over the age of 60 will have doubled (2.1 billion).
The automated external defibrillator (AED) market is projected to have attractive potential as a result of technological developments in the AED industry. A good example is the LIFEPAK CR2 defibrillator with the LIFELINKcentral AED programme management, which Stryker introduced in the United States in April 2019. The LIFEPAK CR2 is intended to assist rescuers in doing better CPR and to deliver the quickest initial shock when defibrillation is required.
Market Trends/Key Takeaways
The worldwide automated external defibrillator market is anticipated to expand as a result of rising consumer demand for or adoption of AEDs. For instance, ZOLL MEDICAL announced in September 2021 the launch of three AED (automated external defibrillator) devices to enter the Thai market. According to this prediction, Thailand would require 10,000 AEDs.
The worldwide market for automated external defibrillators is anticipated to develop rapidly as a result of regular approvals and launches of innovative devices. For instance, Royal Philips declared in June 2020 that the FDA had approved the HeartStart FR3 and HeartStart FRx automated external defibrillators (AEDs).
Competitive Landscape
Includes ViVest Medical, Asahi Kasei Corporation, BPL Medical Technologies Pvt. Ltd., Koninklijke Philips NV, Mediana Co. Ltd., Nihon Kohden Corporation, CU Medical System Inc., Schiller AG, Stryker Corporation, and Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
Grab the Offer and Get FLAT 30% Discount on This Research Report 2022-2028 @ https://www.coherentmarketinsights.com/promo/buynow/5078
Table of Contents:
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Automated External Defibrillator, By Analysis Type
- Market Automated External Defibrillator, By End User
- Market Automated External Defibrillator, By Geography
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Increase in prevalence of cardiovascular diseases
- Lack of awareness about sudden cardiac arrest
- Growing geriatric population
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- Market Dynamics
- Automated External Defibrillator Market – Impact of Coronavirus (Covid-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- Automated External Defibrillator Market, By Analysis Type, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Semi-automated External Defibrillators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Fully-automated External Defibrillators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
- Automated External Defibrillator Market, By End User, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Hospitals/Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Home Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
View Press Release: https://www.coherentmarketinsights.com/press-release/automated-external-defibrillator-market-4359
𝗔𝗯𝗼𝘂𝘁 𝗨𝗦:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837