Defibrillators Market to Witness Outstanding Growth of USD 24.60 Billion by 2030 | Annual Growth

According to the report published by Allied Market Research, the global defibrillator market generated $13.16 billion in 2020, and is expected to reach $24.60 billion by 2030, witnessing a CAGR of 6.6% from 2021 to 2030.

The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.

Key Takeaways:

• Asia-Pacific is estimated to portray the largest CAGR of 8.2% during the forecast period.
• The implantable defibrillators segment currently dominates the global defibrillator market and is expected to continue during the forecast period.

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Major Factors Driving the Growth of Defibrillators Market:

Rising Prevalence of Cardiac Arrest:

• The increasing prevalence of cardiovascular diseases, especially sudden cardiac arrest (SCA), is a major driver of the defibrillators market.
• This rise is attributed to aging populations, unhealthy lifestyles, and increasing prevalence of risk factors like hypertension, diabetes, and obesity.

Growing Public Access to Defibrillators:

• Public awareness campaigns and initiatives are increasing the availability of automated external defibrillators (AEDs) in public spaces like airports, schools, and workplaces.
• This wider access allows for immediate intervention during SCA, significantly improving survival rates.

Growing Focus on Early Intervention:

• Increasing awareness about the importance of early intervention in SCA is driving the demand for defibrillators.
• Healthcare professionals and patient advocacy groups are promoting the use of defibrillators in both public and home settings.

Market Segmentation:

By Product:

• Implantable Defibrillators

Transvenous Implantable Cardioverter Defibrillator (T-ICDs), Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs), Cardiac Resynchronization Therapy- Defibrillator (CRT-D)

• External Defibrillators

Manual External Defibrillator, Automated External Defibrillator (AEDs), Wearable Cardioverter Defibrillator (WCDs)

By End User:

• Hospitals
• Pre-Hospitals
• Public Access Market
• Alternative Care
• Home

By Region:

• North America (U.S., Canada, Mexico)
• Europe (United Kingdom, Germany, Spain, Sweden, France, Russia, Denmark, Rest of Europe)
• Asia-Pacific (Japan, China, India, Australia, Indonesia, Rest of Asia-Pacific)
• LAMEA (Saudi Arabia, UAE, Morocco, Kenya, Nigeria, Brazil, Venezuela, Chile, Rest of LAMEA)

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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:

Leading players of the global defibrillator market analyzed in the research include Asahi Kasei Corporation, Biotronik SE & Co. KG, Stryker Corporation, Philips Healthcare, Boston Scientific Corporation, Medtronic plc, LivaNova PLC, Nihon Kohden Corporation, Cardiac Science Corporation, and St. Jude Medical, Inc.

Key Questions Answered in the Intelligent Study

What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?

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