Defibrillator Market Share,Growth, Trend, Drivers, Challenges, Key Companies by 2030

Defibrillator Market

The Global Defibrillator Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline.

The global defibrillator market size is expected to reach USD 26.0 Billion at a steady revenue CAGR of 9.7% in 2030, according to latest analysis by Emergen Research. Rising number of training and awareness programs on defibrillators is a major factor market revenue growth. Defibrillator is a medical device used to deliver therapeutic shock to patient’s heart in life-threatening conditions such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia. Although, installing an Automated External Defibrillator (AED) is not required for workplaces to follow 1981 Health and Safety (First-Aid) laws. According to Health and Safety Executive, it is strongly advised that a team receive complete training for usage of an AED if an organization’s assessment needs reveal a need for one. Level 3 Award in First Aid at Work and Level 3 Award in emergency first aid at work courses both include basic AED awareness instruction.

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Usage of implantable and automated external defibrillators has problems, which is a major factor restraining market revenue growth. AEDs used in public places are periodically prone to malfunction because of problems with the battery, software, and hardware. Therapy may be postponed or may result in fatalities without defibrillation. As a result of technical issues with the way device administered shocks, electrical issues, and hardware configuration, several defibrillators have been recalled over the years. Poor product performance and, in extreme cases, patient mortality are both possible consequences of defects.

The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.

Key Highlights From the Report

  • On 31 March 2022, Rapid Response Revival designed CellAED to expand access to defibrillators and remove obstacles to their use. The first personal, portable defibrillator in the world employs ground-breaking technology to increase likelihood of surviving a sudden cardiac arrest. CellAED is quick and simple to use, even for those without medical expertise owing to its distinctive Snap Peel Stick design. In addition, CellAED makes owning an at-home defibrillator possible by being up to 10 times smaller, lighter, and cheaper than current technology.
  • The Implantable Cardioverter Defibrillators (ICD) segment is expected to account for largest revenue share in the global market over the forecast period. ICD, a small battery-operated device is implanted into the chest (arrhythmias), to recognize and address irregular heartbeats. When necessary, an ICD shocks the heart with electricity to get back to its regular rhythm. A person may need an ICD if they have a heart rhythm disorder (arrhythmia), such as ventricular tachycardia or ventricular fibrillation, which causes their heart to beat dangerously quickly and prevents it from pumping enough blood to the rest of their body, or if they are at a high risk of developing one, usually because of a weak heart muscle.

Key companies operating in the Defibrillator market include:

Medtronic, Stryker, Koninklijke Philips N.V., Asahi Kasei Corporation, Boston Scientific Corporation, Abbott, MicroPort Scientific Corporation, Nihon Kohden Corporation, Biotronik, and CU Medical Systems, Inc.

Emergen Research has segmented the global Defibrillator market on the basis of type, component, application, end-use, and region.

  • Type Outlook (Revenue, USD Million; 2019–2030)
    • Implantable Cardioverter Defibrillators
      1. Transvenous Implantable Cardioverter Defibrillators
        1. Biventricular ICDs/Cardiac Resynchronization Therapy Defibrillators
        2. Dual-Chamber ICDs
        3. Single-Chamber ICDs
      2. Subcutaneous Implantable Cardioverter Defibrillators
    • External Defibrillators
      1. Manual & Semi-Automated External Defibrillators
      2. Fully Automated External Defibrillators
      3. Wearable Cardioverter Defibrillators
  • Patient Type Outlook (Revenue, USD Million; 2019–2030)
    • Adult Patients
    • Pediatric Patients
  • End-Use Outlook (Revenue, USD Million; 2019–2030)
    • Hospitals, Clinics, and Cardiac Centers
    • Prehospital Care Settings
    • Public-Access Markets
    • Alternative Care Facilities
    • Home Care Settings
    • Other End-Use

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Regional Analysis:

The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.

Key regions in the market include:

  • North America
    • S.
    • Canada
  • Europe
    • K.
    • Italy
    • Germany
    • France
    • Rest of EU
  • Asia Pacific
    • India
    • Japan
    • China
    • South Korea
    • Australia
    • Rest of APAC
  • Latin America
    • Chile
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • A.E.
    • South Africa
    • Rest of MEA

Key Questions Addressed in the Report:

  • Who are the leading players in the Defibrillator industry?
  • Which region is expected to dominate the market in the coming years?
  • What are the key applications of Defibrillator?
  • Which segment is expected to garner traction during the coming years?
  • What are the key strategies adopted by leading players in the market?

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About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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