Defibrillator Market Size 2022: Growth Factors, Business Opportunity, Trend, Segmentation, and Forecast to 2028
The rising prevalence of cardiovascular disorders such as diabetes, coronary artery disease heart attack, heart failure, etc. with the increased geriatric population is an important factor driving the growth of the Defibrillator market.
The defibrillator Market is valued at USD 8.33 Billion in 2018 and is expected to reach USD 10.44 Billion by 2025 with a CAGR of 3.28% over the forecast period.
The rising prevalence of cardiovascular disorders such as diabetes, coronary artery disease heart attack, heart failure, etc. with the increased geriatric population is an important factor driving the growth of the Defibrillator market.
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Scope of the Defibrillator Market Report:
A defibrillator is designed in such a way that it restores a normal heartbeat by supplying an electric pulse or shock to the heart. Defibrillation technique used as emergency medicine to eliminate ventricular fibrillation or pulseless ventricular tachycardia uses electrical shocks. This defibrillator detects uneven or slow or fast heartbeats to prevent or correct an arrhythmia. Defibrillators help to restore the heart’s beating if the heart suddenly stops beating, blood stops flowing to the brain and other vital organs. The device provides a shock to the heart, whenever a failure is detected, allowing it to restore its heartbeat. There are different types of defibrillators depending upon the cardiac patient’s condition like implantable cardioverter-defibrillator (ICD), wearable defibrillators, automated external defibrillators, and many others. The implantable cardioverter-defibrillator (ICD), is a specialized implantable electronic device designed to directly treat a cardiac tachyarrhythmia, whereas a permanent pacemaker is an implanted device that provides electrical stimuli, thereby causing cardiac contraction when intrinsic myocardial electrical activity. A defibrillator has a capacity of up to three to six years, depending upon the frequency of delivering a shock.
Defibrillator Companies:
Global Defibrillator Services Market reports cover prominent players like,
- Medtronic
- Becton Dickinson Inc Medtronic
- Jude Medical
- Philips Healthcare
- Boston Scientific
- Biotronik
- Physio-Control
- Nihon Kohden Corporation
- Zoll Medical
- Cardiac Science
- Baxter International Inc.
- Defibtech
Global Defibrillator Market Dynamics –
The key factor for the growth of the global defibrillator market is marked by the rising prevalence of cardiovascular disorders such as diabetes, coronary artery disease heart attack, heart failure, etc. with the increased geriatric population. Diabetes is a major cause of kidney failure, heart attacks, stroke, and lower limb amputation. According to WHO in 2016, 1.6 million deaths were caused by diabetes and another 2.2 million deaths were noted due to high blood glucose in 2012. Thus, the diabetes patient needs the defibrillator for survival purposes and to avoid heart failure. However, this defibrillator market is hampered by its premature battery failure which is product failure & recall, and high precautions required while using this device which ultimately increases the cost of the devices as well as the need for safe and reliable health practitioners to use these devices across the globe. Moreover rising awareness among the people about defibrillators with cost-effective technological advanced devices may be a huge opportunity for the booming market of self destructible syringe market. For instance, according to the American Heart Association, the preamble of multiple pharmacological heart failure therapies using the defibrillator has declined death rates have declined from 6.5% to 3.3% as measured through multiple heart failure trials over the period from 2017 to 2019.
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Regional Analysis-
North America
- U.S., Canada
Europe
- Germany, France, the U.K., Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
The Middle East and Africa
- Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA
Defibrillator Market Segmentation –
By Type
- Automated external defibrillator (AED)
- Implantable cardioverter defibrillator (ICD),
- Wearable external defibrillator
- Others
By Application Type
- Hospitals and clinics
- Schools and public places
- Diabetic patients
- Others
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Defibrillator Market Regional Analysis –
North America is expected to dominate the defibrillator market with the potential rate of the presence of Cardiovascular disease (CVD) like Heart failure, diabetes, etc. due to rising levels of obesity, and rising physical inactivity in this region. According to American Heart Association, Cardiovascular disease (CVD) is considered the major cause of death, counted for 840,678 deaths in the US in 2016, nearly 1 of every 3 deaths whereas Coronary heart disease accounted for approximately 13% of deaths in the US in 2016, causing 363,452 deaths as well as approximately every 40 seconds, an American get a heart attack.
Europe is the second-largest region for dominating the growth of defibrillator equipment due to the sedative lifestyle, heart failure increased mortality rate in this region. According to NCBI in 2018, the heart failure admit patients from 1 year were noted as 36 % for acute HF and 14.5 % for chronic HF, and the mortality rates across the different regions have raised from 21.6 % to 36.5 % for acute heart failure and from 6.9 % to 15.6 % for chronic HF.
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