Defibrillators Market to Worth US$ 24.60 Billion by 2030 | Asia- Pacific region would exhibit the fastest CAGR of 8.2% during the forecast period
- Increasing prevalence of cardiovascular diseases: Cardiovascular diseases are the leading cause of death globally, and their prevalence is on the rise. This is due to a number of factors, including aging, obesity, and unhealthy lifestyles. Defibrillators are essential for the treatment of sudden cardiac arrest, a life-threatening condition that can occur as a result of cardiovascular disease.
- Growing awareness of defibrillators: There is a growing awareness of defibrillators among both healthcare professionals and the general public. This is due to the increasing amount of research on defibrillators and the increasing number of defibrillators being installed in public places.
- Technological advancements in defibrillators: Defibrillator technology is constantly evolving, with new and innovative products being developed all the time. For example, external defibrillators (AEDs) are now available that are smaller, lighter, and easier to use than ever before.
- Government support for defibrillators: Governments around the world are providing support for the installation of defibrillators in public places. This is due to the fact that defibrillators can save lives if used quickly and correctly.
Market Segmentation:
- Wearable defibrillators: Wearable defibrillators are being developed that are smaller, lighter, and more comfortable to wear than traditional defibrillators. This makes them more suitable for use in everyday life, and could help to increase the survival rate of people who experience sudden cardiac arrest outside of a hospital setting.
- Smart defibrillators: Smart defibrillators are being developed that can provide feedback to users and clinicians on the patient’s condition. This information can be used to optimize defibrillation and improve patient outcomes.
- Remote defibrillator monitoring: Remote defibrillator monitoring systems are being developed that can track the status of defibrillators and alert clinicians if there is a problem. This can help to ensure that defibrillators are always available and in good working order.
- Artificial intelligence (AI)-powered defibrillators: AI-powered defibrillators are being developed that can analyze patient data and provide recommendations to users. This can help bystanders to use defibrillators more effectively and confidently.
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Market Segmentation:
Product type:
- Implantable defibrillators (ICDs): ICDs are implanted under the skin and monitor the heart’s rhythm. If the heart beats too fast or too slowly, the ICD can deliver an electrical shock to correct the rhythm.
- External defibrillators (AEDs): AEDs are portable devices that can be used to deliver an electrical shock to the heart. AEDs are designed to be easy to use, even by people without medical training.
Application:
- Sudden cardiac arrest (SCA): SCA is a life-threatening condition in which the heart suddenly stops beating. Defibrillators are used to treat SCA by delivering an electrical shock to the heart.
- Other applications: Defibrillators are also used to treat other heart conditions, such as arrhythmias and heart failure.
End user:
- Hospitals: Hospitals are the largest users of defibrillators.
- Ambulances and other emergency vehicles: Defibrillators are also used in ambulances and other emergency vehicles to treat patients with SCA before they arrive at the hospital.
- Public places: Defibrillators are being installed in public places, such as airports, train stations, and shopping malls, so that bystanders can use them to treat people who experience SCA in public places.
- Home: Defibrillators are also being used in the home to treat people with heart conditions that put them at risk of SCA.
Geography:
- North America: North America is the largest market for defibrillators.
- Europe: Europe is the second-largest market for defibrillators.
- Asia Pacific: Asia Pacific is the fastest-growing market for defibrillators.
Regional Growth Dynamics:
North America contributed to the highest share in 2020, accounting for around two-fifths of the total market share, and is expected to continue its dominance in terms of revenue by 2030. However, Asia-Pacific is estimated to portray the largest CAGR of 8.2% during the forecast period.
Competitive Landscape:
- Asahi Kasei Corporation
- Biotronik SE & Co. KG
- Stryker Corporation
- Philips Healthcare
- Boston Scientific Corporation
- Medtronic plc
- LivaNova PLC
- Nihon Kohden Corporation
- Cardiac Science Corporation
- St. Jude Medical, Inc.
Recent developments:
- Wearable defibrillators: Wearable defibrillators are being developed that are smaller, lighter, and more comfortable to wear than traditional defibrillators. This makes them more suitable for use in everyday life, and could help to increase the survival rate of people who experience sudden cardiac arrest outside of a hospital setting.
- Smart defibrillators: Smart defibrillators are being developed that can provide feedback to users and clinicians on the patient’s condition. This information can be used to optimize defibrillation and improve patient outcomes.
- Remote defibrillator monitoring: Remote defibrillator monitoring systems are being developed that can track the status of defibrillators and alert clinicians if there is a problem. This can help to ensure that defibrillators are always available and in good working order.
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Key Questions Answered in the Intelligent Study
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