Defibrillator Devices And Equipment Market Size, Share, And Growth Rate Analysis 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%.
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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 The Incidence Of Sudden Cardiac Arrest
The American Heart Association (AHA) estimates that the annual incidence of SCA in people of any age is roughly 356,461. SCA is defined by a total stoppage of cardiac activity, and defibrillators are utilised to administer a therapeutic shock to the patient in order to restart the heartbeat. As a result, the market for defibrillators is expected to expand.
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Key Defibrillator Devices And Equipment Market Trend – Technological Advancement
AEDs (Automated External Defibrillators) have been enhanced with various new features during the last three decades, including rechargeable batteries, LCD screens, voice prompts, CPR courses, advanced self-testing software, totally automatic functioning, and new sorts of shocks. Several recent advances in implantable cardioverter-defibrillator (ICD) technology have extended battery life, improved patient monitoring to avoid unnecessary shocks, the introduction of quadripolar lead devices to improve device programming and therapy effectiveness, and the development of 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 delivering a high-energy electrical shock through the chest wall to the heart to restore its normal rhythm function.
View More Reports Related To The Defibrillator Devices And Equipment Market –
Cardiovascular Devices Global Market Report 2023
Implantable Defibrillators Global Market Report 2023
Cardiac Rhythm Management (CRM) Devices And Equipment Global Market Report 2023
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