The global external defibrillators market size was valued at USD 3.9 billion in 2020, and is predicted to be worth around USD 7.5 billion by 2030, registering a CAGR of 10.3% during the forecast period 2022 to 2030.
Increasing technological advancements, government initiatives for installation of AEDs at public places, incidence of sudden cardiac arrest, and initiatives by key market players are some of the key drivers of this market. In November 2020, OHS Canada reported that the Defibrillator Registration and Public Access Act (Bill 141) was accepted by the government and is anticipated to increase public access to AEDs in the country. The COVID-19 pandemic significantly boosted the demand for External Defibrillators in spite of the supply chain challenges and other hurdles brought by movement restrictions.
The key factors driving the market growth include rising technological advancements, initiatives for promoting public access AEDs, and the incidence of sudden cardiac arrest. The COVID-19 pandemic increased awareness about defibrillation training and the use of external defibrillators in case of an adverse cardiac event, thus increasing demand for defibrillators. The pandemic also resulted in logistical bottlenecks and operational challenges.
|Market Size||US$ 7.5 billion by 2030|
|Growth Rate||CAGR of 10.3% From 2022 to 2030|
|Largest Market||North America|
|Forecast Period||2022 to 2030|
|Segments Covered||Product, End-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Koninklijke Philips N.V.; Stryker; ZOLL Medical Corporation; Nihon Kohden Corporation; ProgettiSrl; Schiller AG; MS Westfalia GmbH; AMI Italia; Bexen Cardio; Silverline Meditech Pvt. Ltd.; Mediana Co., Ltd.; Shenzhen Mindray Bio-Medical Electronics; CU Medical; BPL Medical Technologies; Corpuls|
By Product Analysis
The manual external defibrillators segment dominated the market and accounted for the largest revenue share of more than 39.0% in 2021. The AEDs segment on the other hand is estimated to witness the fastest CAGR of 9.4% over the forecast period. This is because of growing initiatives by major companies, increasing adoption of defibrillators at healthcare facilities, and deployment of several public access defibrillation programs.
By End-use Analysis
By end use, the hospitals segment held the largest revenue share of over 25.0% in 2021. This is attributable to higher volume of patients received in hospitals, growing adoption of external defibrillators by hospitals, and strategies implemented by key manufacturers.
Rising incidence of hypertension, diabetes, and strokes leading to SCA due to lack of physical activity, unhealthy dietary habits, and smoking is likely to drive demand for defibrillators in hospitals. Zoll, a part of Asahi Kasei, reported that it held the largest share of the defibrillators market used for hospitals and EMS in November 2021.
The public access segment is projected to witness the fastest CAGR of 9.6% over the forecast period owing to supportive initiatives by governments, regulatory agencies, and healthcare institutions to increase the availability of public access AEDs.
By Regional Analysis
North America held a revenue share of more than 43% in 2021. The large share of the North American region can be attributed to the presence of key players, supportive regulations to increase the availability of public access AEDs, and the high adoption of external defibrillators at healthcare facilities.
Europe is estimated to witness the fastest CAGR of 11.2% in the external defibrillators market over the next few years. This is owing to well-established healthcare infrastructure, large geriatric population susceptible to cardiovascular adverse events, and local presence of key companies.
Koninklijke Philips N.V.
ZOLL Medical Corporation
Nihon Kohden Corporation
MS Westfalia GmbH
Silverline Meditech Pvt. Ltd.
Mediana Co., Ltd.
Shenzhen Mindray Bio-Medical Electronics
BPL Medical Technologies
Manual External Defibrillators
Automated External Defibrillators
Fully Automated ED
Wearable Cardioverter Defibrillators
Public Access Market
Alternate Care Market
Middle East & Africa
The external defibrillators market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of external defibrillators market for the base year 2021 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global external defibrillators market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the external defibrillators market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted external defibrillators market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the external defibrillators capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of external defibrillators by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global external defibrillators market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major external defibrillators market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of external defibrillators market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the external defibrillators industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
external defibrillators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to external defibrillators market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of external defibrillators market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new external defibrillators market. These factors have benefited the growth of the global market for external defibrillators. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for external defibrillators. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of external defibrillators are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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