Defibrillator Market Size will reach USD 13.54 Billion by 2028
The global defibrillator market size is expected to reach USD 13.54 Billion by 2028, at a CAGR of 3.4% over the forecast period, according to the current analysis of Reports and Data. Major factors driving defibrillator market revenue growth are massive investments by private players, technological progressions and increase in the occurrence of cardiac disorders due to change in lifestyle.
A
defibrillator is a machine that delivers a high-energy electric shock to a
person who is experiencing cardiac arrest. In emergency medicine,
defibrillation is used to stop ventricular fibrillation or pulseless
ventricular tachycardia. External, transvenous, and implanted defibrillators
are available in the global defibrillator market, depending on the type of
device used or required. Arrhythmias, or irregular cardiac rhythms, are
detected by each type of device. Furthermore, one of the primary drivers of the
defibrillator market is the rising occurrence of cardiac arrests and other
cardiovascular problems, particularly irregular heartbeats. Various cardiology
and medical organizations have imposed sanctions on the use of automated external
defibrillators in public locations, resulting in a rapid increase in the
adoption rate in industrialized countries. This trend is expected to continue
throughout the projected period, presenting fantastic potential for competitors
in the global defibrillator market.
Patients
are likely to adopt wearable cardioverter defibrillators as a temporary
alternative or to bridge to a long-term implantable cardioverter defibrillator
installation as the demand for wearable cardioverter defibrillators grows.
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Further key findings from the report suggest
- A
defibrillator is used to improve the chances of survival by stopping or
reducing these abrupt and premature deaths. Heart disease claims the lives
of nearly 350,000 Americans each year. The majority of these deaths are
caused by a phenomenon known as sudden cardiac arrest, which occurs with
little or no warning.
- Defibrillators
are extremely important in preventing such life-threatening situations. It
is estimated that each minute of delayed defibrillation diminishes the
odds of survival by 10%.
- In the
defibrillator market, the implantable cardioverter defibrillator had the
largest market share of around 51.1 percent. The range of these devices
has widened as additional technologies, such as pacemakers, have been
integrated with defibrillators.
- North
America's high degree of technology developments and research helped the
region to hold the greatest share in 2020, boosting the global
defibrillator market growth.
- Outside of a
medical setting, the survival rate is only about 1% to 5%, but the chances
of survival increase dramatically if they can be treated with an AED right
away.
- Because
implantable defibrillators are generally available in hospitals, hospitals
have made a significant contribution to the rise of implantable and
external defibrillators. As a result, hospitals made up the majority of
the defibrillator market.
- Key
defibrillator market players include in the global defibrillator marker
include- Medtronic, Jude Medical LLC, Boston Scientific Corporation,
LivaNova, Koninklijke Philips, ZOLL Medical Corporation, Cardiac Science,
Physio-Control, Nihon Kohden Corporation, Defibtech, HeartSine
Technologies, Progetti Srl, Fukuda Denshi Co, and Schiller AG.
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Segments Covered in the Report:
For
the purpose of this study, Reports and Data has segmented the global
defibrillator market analysis on the basis of type, end use, and region:
Type Outlook (Revenue, USD Million; 2018 – 2028)
- Implantable
Cardioverter Defibrillator
- S-ICD
- T-ICD
- CRT-D
- Single Chamber
- Dual Chamber
- External
Defibrillator (ED)
- Manual
- Automated
- Wearable
Cardioverter Defibrillator
End Use Outlook (Revenue in USD Million; 2018 – 2028)
- Hospital
- Prehospital
- Public Access
Market
- Alternate Care
Market
- Home
Healthcare
Regional Outlook (Revenue, USD Billion; 2018 – 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of
Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia
Pacific
- Latin America
- Brazil
- Rest of Latin
America
- Middle East
& Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of
Middle East & Africa
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