Allied Market Research recently published a research report on “Defibrillators Market by Product (Implantable Defibrillators and External Defibrillators) and End User (Hospital, Pre Hospital, Public Access Market, Alternative Care, and Home): Global Opportunity Analysis and Industry Forecast 2021–2030” in its research database.
According to a report published by Allied Market Research, the global defibrillators market size is projected to reach $24.6 billion with a significant CAGR from 2021 to 2030. North America is currently holding the highest market share, owing to favorable government regulations, presence of key market players, and technological advancements in healthcare sector in the U.S. and Canada. The Asia-Pacific region, at the same time, is expected to garner the fastest growth rate, attributed to high patient population, prevalence of cardiac disease, and growth in healthcare infrastructure in the emerging economies like China, India, and others.
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What are the market values / growth % of emerging countries?
Asia-Pacific is expected to register highest CAGR of 8.2% from 2021 to 2030, owing to increase in prevalence of atrial fibrillation, advancements in technology in the field of defibrillator, and initiatives taken by governments to enhance healthcare infrastructure
(𝐈𝐧 𝐭𝐨𝐝𝐚𝐲’𝐬 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐢𝐬 𝐚 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐬𝐭𝐞𝐩 𝐢𝐧 𝐢𝐝𝐞𝐧𝐭𝐢𝐟𝐲𝐢𝐧𝐠 𝐭𝐡𝐞 𝐜𝐨𝐫𝐫𝐞𝐜𝐭 𝐭𝐚𝐫𝐠𝐞𝐭 𝐜𝐨𝐧𝐬𝐮𝐦𝐞𝐫𝐬 𝐚𝐧𝐝 𝐩𝐫𝐨𝐯𝐢𝐝𝐢𝐧𝐠 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐬𝐞𝐝 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞𝐢𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐧𝐞𝐞𝐝𝐬. 𝐖𝐡𝐢𝐥𝐞 𝐟𝐨𝐫𝐦𝐮𝐥𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞𝐬𝐞 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬, 𝐞𝐯𝐞𝐫𝐲 𝐟𝐚𝐜𝐞𝐭 𝐚𝐧𝐝 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐩𝐫𝐨𝐛𝐥𝐞𝐦 𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐩𝐚𝐫𝐭𝐢𝐜𝐮𝐥𝐚𝐫 𝐬𝐞𝐜𝐭𝐨𝐫 𝐢𝐬 𝐭𝐡𝐨𝐫𝐨𝐮𝐠𝐡𝐥𝐲 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝. 𝐈𝐭 𝐚𝐥𝐬𝐨 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐬 𝐧𝐮𝐦𝐞𝐫𝐨𝐮𝐬 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐫𝐞𝐟𝐨𝐫𝐦𝐬, 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭, 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐛𝐞𝐡𝐚𝐯𝐢𝐨𝐮𝐫, 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐚𝐧𝐝 𝐟𝐮𝐭𝐮𝐫𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬, 𝐚𝐧𝐝 𝐫𝐚𝐩𝐢𝐝𝐥𝐲 𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐭𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐛𝐫𝐞𝐚𝐤𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐬. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐢𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐟𝐨𝐫𝐦𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐩𝐥𝐚𝐧𝐬 𝐚𝐧𝐝 𝐩𝐨𝐥𝐢𝐜𝐢𝐞𝐬.)
Covid-19 Scenario:
- The Covid-19 pandemic impacted the purchasing capacities of hospitals, specifically small-scale hospitals, due to shift in focus toward buying resources to take care of patients infected with Covid-19. This led to canceled or postponed deals for defibrillators.
- Many public and private organizations stopped or postponed the activities of installation of defibrillators at public places due to possibility of cross-contamination and lockdown measures implemented by governments.
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Center around establishment of community defibrillator (Cushion) by people in general and confidential associations, improvement of cutting edge defibrillator gadgets, and expansion in rate of cardiovascular illnesses drive the development of the worldwide defibrillator market. Additionally, ascend in reception of mechanically progressed defibrillator gadgets and ascend popular for quality clinical consideration supplement the development. Nonetheless, flood in estimating tension on market players limits the market development. Then again, headways in the cutting edge outside defibrillators to further develop wellbeing and viability present new open doors before long.
A defibrillator is a clinical gadget that is utilized by specialists to give high energy electric shocks or heartbeats to the heart to reestablish it to its sensible working condition. For the most part, medical services specialists in emergency clinics and paramedics in ambulances utilize manual outside defibrillators. Computerized outside defibrillators, in any case, are more agreeable and more helpful to use for individuals without a clinical foundation. Frill, for example, a battery and cushion cathodes are remembered for the AED framework which are expected to notice and explain an electrocardiogram and send an electrical shock.
Nevertheless, the market is recovering in a steady pace. Availability of defibrillator in schools, offices, airports, shopping malls, and grocery stores has increased significantly in the past few years, which in turn, is driving the growth of the market. Also, surge in number of training and awareness programs regarding defibrillator across several regions are augmenting the growth of the market. Here, it is worth mentioning that the global defibrillator market is likely to gather great growth prospects in the upcoming years.
Some of the Top Market Players Are:
- Asahi Kasei Corporation
- Stryker Corporation
- Biotronik SE & Co. KG
- Boston Scientific Corporation
- Philips Healthcare
- LivaNova PLC
- Medtronic plc
- Cardiac Science Corporation
- Nihon Kohden Corporation
- St. Jude Medical, Inc.
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| Report Attribute | Details |
| Market Outlook for 2030 | USD $24.60 billion |
| Market Size 2021 Value | USD $13.16 billion |
| Expected CAGR Growth | 6.6% from 2021 – 2030 |
| Base Year | 2020 |
| Forecast Year | 2021 – 2030 |
| Top Market Players | Asahi Kasei Corporation, Biotronik SE & Co. KG, Stryker Corporation, Philips Healthcare, Boston Scientific Corporation, Medtronic plc, LivaNova PLC, Nihon Kohden Corporation, Cardiac Science Corporation, and St. Jude Medical, Inc. |
| Segments Covered | By Product, By Procedure, By Application, By End-Use, By Region |
| Regional scope | North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
| Customization Options | Customized purchase options are available to meet your research needs. Explore customized purchase options |
Also Read Press Release:Defibrillator Market Predicted to Reach $24.60 Billion by 2030
Allied Market Research has segmented the Defibrillators Market report on the basis of procedure, application, end-user, and region:
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By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Important Questions Being Answered by the Market Report
- What is the Defibrillators Market size and growth?
- What are the prominent and latest trends impacting the market?
- Which regions will observe growth on new occasions?
- Which players are adopting a functioning and planned framework to obtain customer loyalty?
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