External Defibrillators Market to Grow with a CAGR of 5.25% through 2029
Rising incidence of cardiac
arrest and growing aging population are factors driving the Global External
Defibrillators Market in the forecast period.
According to TechSci Research report, “External
Defibrillators Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029F”, the Global External Defibrillators
Market stood at USD 3.52 billion in 2023 and is anticipated to grow with a CAGR
of 5.25% in the forecast period, 2025-2029. The global
market for external defibrillators is experiencing a surge in demand, driven by
a confluence of factors that underscore the critical role these life-saving
devices play in emergency medical situations. As the healthcare landscape
continues to evolve, the market for external defibrillators is poised for
significant growth. One of the primary drivers fueling the growth of the
external defibrillators market is the alarming increase in the incidence of
cardiac arrest worldwide. According to the World Health Organization (WHO),
cardiovascular diseases are the leading cause of death globally. The prevalence
of cardiac emergencies necessitates the presence of accessible and efficient
defibrillation devices, driving the demand for external defibrillators.
Growing awareness about the importance
of early defibrillation in saving lives has prompted various initiatives and
training programs. Communities, workplaces, and public spaces are increasingly
investing in automated external defibrillators (AEDs) and providing training to
individuals on their proper usage. This heightened awareness contributes
significantly to the increased adoption of external defibrillators, fostering
market growth. Advancements in technology have revolutionized external
defibrillator designs and functionalities. The development of compact,
user-friendly, and automated devices has made defibrillators more accessible to
a broader range of users, including those without medical backgrounds. The
integration of smart technologies, such as real-time feedback and connectivity
features, further enhances the usability and effectiveness of these devices.
Governments and regulatory bodies across
the globe are taking proactive measures to improve public access to
defibrillators. Many countries have implemented policies mandating the
installation of AEDs in public spaces, schools, and other high-traffic areas.
These regulatory initiatives, coupled with financial incentives, have
stimulated market growth by creating a conducive environment for the deployment
of external defibrillators.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global External Defibrillators Market”
The Global External Defibrillators Market is segmented
into product, end user and company.
Based on product, the manual external defibrillators segment
has emerged as the predominant market leader. The dominance of manual external
defibrillators is not limited to a specific region but is observed on a global
scale. Hospitals, clinics, and emergency response teams worldwide are
recognizing the value of these devices in improving patient outcomes during
cardiac emergencies. The increased accessibility of manual defibrillators has
played a crucial role in their widespread adoption. Furthermore, advancements
in portability and battery technology have made manual external defibrillators
more versatile, allowing healthcare providers to bring these life-saving
devices to various settings, including ambulances, public spaces, and even
remote locations. This expanded accessibility ensures that critical care can be
administered promptly, regardless of the environment.
Based on region, North America segment is expected to
grow during the forecast period. North America is known for its
stringent regulatory standards, ensuring that medical devices meet the highest
safety and efficacy requirements. This commitment to quality has bolstered
consumer confidence in external defibrillators, leading to widespread adoption
across various healthcare settings.
Major companies operating in Global External
Defibrillators Market are:
- Koninklijke Philips N.V.
- Stryker Corporation
- Asahi Kasei
Corp.
- Nihon Kohden Corporation
- Schiller AG
- MS Westfalia GmbH
- Silverline Meditech Pvt. Ltd.
- Mediana Co., Ltd.
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
- BPL Medical Technologies Pvt Ltd.
- Dixion Distribution of Medical Devices GmbH
- Bioevopeak Co., Ltd.
- EMS Mobil Sistemler A.Ş.
- Metrax GmbH
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“The global
external defibrillators market is on an upward trajectory, propelled by a
combination of factors that underscore the importance of these life-saving
devices in emergency medical situations. From the rising incidence of cardiac
arrest to technological advancements and government initiatives, the market
drivers collectively contribute to the growth and evolution of the external
defibrillators market. As innovation continues and awareness spreads, the
market is likely to witness sustained expansion, ensuring that these critical
devices are readily available to save lives when every second counts.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“External Defibrillators Market By Product (Manual External
Defibrillators, Automated External Defibrillators, Wearable Cardioverter
Defibrillators), By End user (Hospitals
& Clinics, Ambulatory Care Centers, Others), By
Region, By Competition Forecast & Opportunities, 2019-2029F”, has evaluated
the future growth potential of Global External Defibrillators Market and
provides statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global External Defibrillators Market.
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