Global Defibrillator Devices And Equipment Market Size
Medical Equipment

What Will The Defibrillator Devices And Equipment Market Look Like In 2023?

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s defibrillator devices and equipment market report forecasts the defibrillator devices and equipment market size to grow to $14.12 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Defibrillator Devices And Equipment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/defibrillator-devices-and-equipment-global-market-report

Defibrillator Devices And Equipment Market Size Forecast

The global defibrillator devices and equipment market is expected to grow from $9.75 billion in 2022 to $10.61 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The defibrillator devices and equipment market size is expected to grow to $14.12 billion in 2027 at a CAGR of 7.4%.

North America held the largest defibrillator devices and equipment market share.

Key Defibrillator Devices And Equipment Market Driver ­– Rise In Incidence Of Sudden Cardiac Arrest

According to the American Heart Association (AHA), the annual incidence of SCA in people of any age is around 356,461. SCA is characterized by the complete cessation of cardiac activity and defibrillators are used to deliver a therapeutic shock to the patient to revive the heartbeat. Due to this, the market for defibrillators is forecasted to grow.

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Key Defibrillator Devices And Equipment Market Trend – Technological Advancement

Over the last three decades, AEDs (Automated External Defibrillators) have been upgraded with several new features such as rechargeable batteries, LCD screens, voice prompts, CPR tutorials, sophisticated self-testing software, fully automatic operation, and new types of shocks. There have been several recent advancements in implantable cardioverter-defibrillator (ICD) technology to extend battery life, improvements in patient monitoring to avoid needless shocks, the introduction of quadripolar lead devices to improve device programming and to improve therapy effectiveness, and the development of magnetic resonance imaging (MRI)-safe ICDs.

Defibrillator Devices And Equipment Market Segment

1) By Type: Implantable Defibrillators, External defibrillators

2) By Implantable Defibrillators: Transvenous Implantable Cardioverter Defibrillator (T-ICDs), Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs), Cardiac Resynchronization Therapy- Defibrillator (CRT-D), Single & Dual Chamber

3) By External defibrillators: Manual External Defibrillator (MEDs), Automated External Defibrillator (AEDs), Wearable Cardioverter Defibrillator (WCDs)

4) By End User: Hospitals, Pre-Hospitals, Public Access Market, Alternate Care Market, Home Healthcare

Defibrillator Devices And Equipment Market Major Players and Strategies

Major players in the defibrillator devices and equipment market are Medtronic, St. Jude Medical LLC., Boston Scientific Corporation, Koninklijke Philips N.V, ZOLL Medical Corporation, Cardiac Science, Physio-Control Inc., Nihon Kohden Corporation, Defibtech LLC., and Schiller AG.

The Defibrillator Devices And Equipment Global Market Report 2023 covers regional data on defibrillator devices and equipment market size, defibrillator devices and equipment market trends and drivers, opportunities, strategies, and defibrillator devices and equipment market competitor analysis. The countries covered in the defibrillator devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Defibrillator devices and equipment are used in the emergency treatment of life-threatening cardiac arrhythmias and abnormal heart rhythms by giving a high-energy electrical shock to the heart through the chest wall to restore its normal rhythm function.

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