The global defibrillator market size is expected to reach USD 13.54 Billion by 2028, at a CAGR of 3.4% over the forecast period, according to the current analysis of Reports and Data. Major factors driving defibrillator market revenue growth are massive investments by private players, technological progressions and increase in the occurrence of cardiac disorders due to change in lifestyle.
A defibrillator is a machine that delivers a high-energy electric shock to a person who is experiencing cardiac arrest. In emergency medicine, defibrillation is used to stop ventricular fibrillation or pulseless ventricular tachycardia. External, transvenous, and implanted defibrillators are available in the global defibrillator market, depending on the type of device used or required. Arrhythmias, or irregular cardiac rhythms, are detected by each type of device. Furthermore, one of the primary drivers of the defibrillator market is the rising occurrence of cardiac arrests and other cardiovascular problems, particularly irregular heartbeats. Various cardiology and medical organizations have imposed sanctions on the use of automated external defibrillators in public locations, resulting in a rapid increase in the adoption rate in industrialized countries. This trend is expected to continue throughout the projected period, presenting fantastic potential for competitors in the global defibrillator market.
Patients are likely to adopt wearable cardioverter defibrillators as a temporary alternative or to bridge to a long-term implantable cardioverter defibrillator installation as the demand for wearable cardioverter defibrillators grows.
In-depth Study of the Competitive Landscape:
The global Defibrillator Market market consists of various market players, which make this business sphere highly competitive. In this section of the report, the authors have provided authentic information on product portfolios, new product innovations, technological capabilities, and product pricing strategies of each of these players. Moreover, it discusses the key strategies implemented by these players, such as mergers acquisitions, joint ventures, collaborations, partnerships and agreements, to build on their market presence.
Top companies profiled in the report include:
Medtronic, Jude Medical LLC, Boston Scientific Corporation, LivaNova, Koninklijke Philips, ZOLL Medical Corporation, Cardiac Science, Physio-Control, Nihon Kohden Corporation, Defibtech, HeartSine Technologies, Progetti Srl, Fukuda Denshi Co, and Schiller AG
Type Outlook (Revenue, USD Million; 2018 – 2028)
- Implantable Cardioverter Defibrillator
- S-ICD
- T-ICD
- CRT-D
- Single Chamber
- Dual Chamber
- External Defibrillator (ED)
- Manual
- Automated
- Wearable Cardioverter Defibrillator
End Use Outlook (Revenue in USD Million; 2018 – 2028)
- Hospital
- Prehospital
- Public Access Market
- Alternate Care Market
- Home Healthcare
Key Market Regions Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Frequently asked questions addressed in the report:
- What is the revenue growth rate of the global Defibrillator Market market over the forecast period?
- What are the major factors driving the growth of the Global Defibrillator Market Market?
- What are the key challenges impacting the global Defibrillator Market market growth?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?
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