Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Defibrillator Market: By Product Type, External Defibrillator, By End-user, and Geography.
Defibrillators Market size was valued at US$ 10.1 billion in 2023 and is expected to reach US$ 12.8 billion by 2030, at a CAGR of 4.6% from 2024-2030. Heart muscles require a continuous supply of blood for proper functioning. When the supply of blood to the artery is decreased cardiac arrhythmias and heart attack may occur. Blockage of the coronary artery may occur due to improper impulse conduction or blood clots. If not treated immediately may lead to death. A defibrillator is used to prevent the sudden cardiac attack. Specially used for ventricular fibrillation and nonperfusion ventricular tachycardia. These conditions occur due to the disruption of normal electrical impulse that controls the heart rate and pumping action. The defibrillator sends an electrical current to the heart which is used to restart the normal functioning of the heart.
Defibrillator treatment is given for patients only when there is a high risk of sudden heart failure or sudden cardiac death. Normally Defibrillators are used for outpatient. Many of heart care associations and alliances are promoting to create awareness about cardiac conditions and increase the survival rate of patients are expected to show significant growth for the defibrillator market during the forecast period. For instance, in 2016, the Global Resuscitation Alliance (GRA) was formed comprising of, global resuscitation leaders, international health organizations, and American Heart Association (AHA). The defibrillator market is very dynamic in nature. The defibrillator market is dominated by very few players. To enhance their sales revenue companies are inorganic growth strategies such as adopting mergers and acquisitions. In addition, companies are betting heavily on R&D to develop new technologies.
Study Period
2024-2030Base Year
2023CAGR
4.6%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Defibrillator market growth is driven by rapidly growing geriatric patients who are very susceptible to cardiac diseases, technological advancements in defibrillators, growing awareness in sudden cardiac arrest, and increased incidents of cardiac diseases. Two of the most important advancements are development of automated external defibrillator (AED) and implantable cardioverter defibrillator (ICD). However, factors such as frequent product recalls, increase in pricing pressure on players, and lack of awareness about sudden cardiac arrest (SCA)
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 10.1 billion |
Market Size in 2030 |
US$ 12.8 billion |
Market CAGR |
4.6% |
By product type |
|
By End User |
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The defibrillator market size was valued at US$ 10.1 billion in 2023
The defibrillator market key players are: Medtronic (U.S.) Abbott Laboratories (U.S.) Asahi Kasei Corporation (ZOLL Medical Corporation) (Japan) LivaNova PLC (U.K) Physio-Control, Inc. (U.S.) Nihon Kohden Corporation (Japan) BIOTRONIK SE & Co. KG (Germany) Koninklijke Philips N.V. (Netherlands) Boston Scientific Corporation(U.S.)
The defibrillator market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1. Executive summary
2. Global Defibrillators Market Introduction
Key Market Players