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Dublin, November 6, 2020 (GLOBE NEWSWIRE) – The “External Defibrillator Market Research: By Type, Technology, Patient Type, End User – Trend Analysis and Growth Forecast to 2030” report has been added to the ResearchAndMarkets.com’s offer.
Valued at $ 3,926.5 million in 2019, the global external defibrillator market is expected to generate revenue of $ 9,450.3 million in 2030, showing a CAGR of 8.5% from 2020 to 2030
The main factors driving the market expansion are the growing geriatric population, rapid technological advances and innovations in automated external defibrillators (AEDs), and the rising strategic developments being made by market players.
The growing geriatric population is an important factor fueling market growth. In many countries around the world, the geriatric population is growing rapidly. Japan, China and the United States have the largest, second and third largest geriatric populations in the world, respectively. According to the Population Reference Bureau’s 2018 report, in the United States, the number of people aged 65 and over is projected to increase from 46 million to over 98 million from 2014 to 2060.
As geriatric people are more vulnerable to various chronic diseases such as cardiovascular disease, their growing population is expected to increase the demand for external defibrillators around the world. In addition to this, rapid advances and innovations in AED technology are also spurring the expansion of the external defibrillator market around the world. One such major technological advance is the lightweight wearable defibrillator called LifeVest, developed by ZOLL Medical Corporation. This device can be worn by people at risk for sudden cardiac arrest (SCA).
The main advantage of this device over conventionally used defibrillators is that it continuously monitors the patient’s heart and delivers shocks if the heart rhythm becomes abnormal. Shocks help restore normal sinus rhythm. Likewise, modern implantable cardioverter defibrillators (ICDs) recently developed by many defibrillator companies have eliminated the need to implant separate pacemakers in patients. These technological breakthroughs in defibrillator technology have greatly enhanced market progress.
Over the next few years, the North American external defibrillator market is expected to demonstrate rapid progress, mainly due to rising healthcare spending, rising incidence of cardiovascular disease (CVD), growing public awareness of the various benefits of defibrillators. Automated external in cases of pulseless ventricular tachycardia and ventricular fibrillation (VF) and geriatric ballooning population in the region.
Furthermore, the governments of many North American countries are making increasingly large investments in the healthcare sector, which in turn is driving the growth of the market in the region.
Hence, with the increasing investments made by governments of many countries in the healthcare sector and the increasing use of advanced tools in healthcare applications, the market will show steady growth in the coming years.
Key topics covered:
Chapter 1. Research background
Chapter 2. Research methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of market segments
4.1.1 By type
4.1.1.1 Not wearable
4.1.1.2 Wearable
4.1.2 By technology
4.1.2.1 Automatic
4.1.2.1.1 Fully automatic
4.1.2.1.2 Semi-automatic
4.1.2.2 Manual
4.1.3 By type of patient
4.1.3.1 Adult
4.1.3.2 Pediatric
4.1.4 By the end user
4.1.4.1 Public access settings
4.1.4.2 Hospitals, clinics and cardiac centers
4.1.4.3 Pre-hospital care and EMS providers
4.1.4.4 Home care settings
4.1.4.5 Others
4.2 Market dynamics
4.2.1 Trends
4.2.1.1 Increasing attention to the installation of external defibrillators in public places
4.2.1.2 Shifting focus from implantable devices to external defibrillators
4.2.1.3 Increase in the number of product launches
4.2.2 Driver
4.2.2.1 Advances in AED technology
4.2.2.2 Geriatric population increasing
4.2.2.3 Increase in the number of strategic developments among key players
4.2.2.4 Increasing incidence of heart disease
4.2.2.5 Analysis of the impact of drivers on market forecasts
4.2.3 Restrictions
4.2.3.1 Product failures
4.2.3.2 Strict regulatory standards
4.2.3.3 Analysis of the impact of restrictions on market forecasts
4.2.4 Opportunities
4.2.4.1 Defibrillation awareness and training programs
4.3 Porter’s five forces analysis
4.4 Regulatory scenario for external defibrillators
4.5 Refund Policies
4.6 Impact of COVID-19
Chapter 5. Global market size and forecast
5.1 By type
5.2 By technology
5.2.1 Automated external defibrillator market, by type
5.3 By type of patient
5.4 By the end user
5.5 By region
Chapter 6. North America Market Size and Forecasts
6.1 By type
6.2 By technology
6.2.1 Automated external defibrillator market, by type
6.3 By type of patient
6.4 By the end user
6.5 By country
Chapter 7. European market size and forecasts
Chapter 8. APAC Market Size and Forecasts
Chapter 9. LATAM Market Dimensions and Forecasts
Chapter 10. MEA Market Dimensions and Forecasts
Chapter 11. Competitive landscape
11.1 Benchmarking of the product of the main players
11.2 Strategic developments of the main players
11.2.1 Product launches
11.2.2 Acquisitions
11.3 List of other players
Chapter 12. Company Profiles
12.1 Company overview
12.2 Product and Service Offerings
12.3 Key Financial Summary
- Koninklijke Philips NV
- Nihon Target Corporation
- SCHILLER AG
- Stryker Corporation
- Progetti Srl
- Defibtech LLC
- Cardiac Science Corporation
- Shenzhen Mindray Bio-Medical Electronics Co.Ltd.
- ZOLL Medical Corporation
- Median Co. Ltd.
- BPL Medical Technologies Pvt. Ltd.
- Opto Circuits India Ltd.
- CU Medical System Inc.
For more information on this report, please visit https://www.researchandmarkets.com/r/5k5unm
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