Defibrillators Market Dimension 2021 | Global Future Estimation, Insight and Complete Strategic Analysis - 2030

At an estimated value of USD 9.47 billion in 2019, the global data defibrillators market is predicted to thrive at a CAGR of 3.1% and valued at USD 13.25 billion by 2030.

Defibrillators are life-saving medical devices used to administer a therapeutic shock to a patient’s heart in life threatening situations. Defibrillator are used to treat severe complexions such as cardiac arrhythmia, ventricular fibrillation and pulseless ventricular tachycardia among others.

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The major market players of the defibrillator market are Asahi Kasei Corporation, Stryker Corporation, Biotronic SE and Co. KG, Boston Scientific Corporation, Philips healthcare, LivaNova PLC, Medtronic PLC, Jude Medical Inc., Cardiac Science Corporation, Nihon Konden Corporation.

Market Dynamics and Trends

Heart diseases are among the top reasons of death worldwide. The increasing geriatric population and the raising cases of heart diseases among all age groups are the key driving factors of the defibrillator market. Poor lifestyle choices such as consumption of unhealthy food, lack of activity and smoking among others cause diseases such diabetes, strokes and hypertension etc. These factors are responsible for the growing cases of cardiac complications among the population. The defibrillator market growth is expected to be propelled by growing demand for sophisticated defibrillators, reforms in the healthcare sector and increasing focus of key market players to deliver cost effective and advanced defibrillators. However, the current price levels of devices along with product recalls are expected to restrict market growth.

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Market Segmentations and Scope of the Study:

The global defibrillator market share has been segmented on the basis of product, end user and geography. On the basis of product, the market is categorized into implantable defibrillators and external defibrillators. Implanted defibrillators are sub segmented into transvenous implantable defibrillator, Subcutaneous implantable defibrillators and CRT with pacemaker and ICD function. External defibrillators are sub segmented into manual external defibrillators, automated external defibrillators and wearable cardioverter defibrillator. On the basis offend user, the market is segmented into hospital, prehospital, public access market, alternate care market and home. Based on geography the market is segmented into North America, Europe, Asia Pacific and RoW.

Geographical Analysis

North America is anticipated to hold the lion share of the market due to increasing incidences of deaths and diseases caused by cardiac complications. The Asia Pacific region is predicted to show rapid and consistent growth in terms of market share within the forecast period as the key players in this region are focusing on implementing sophisticated but cost-effective defibrillator devices to meet the demands of the immensely large population of this region.

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