Defibrillator Market

The global Defibrillator market was valued at 1432.74 Million USD in 2021 and will grow with a CAGR of 3.49% from 2021 to 2027, based on Research newly published report.

The prime objective of Defibrillator Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Defibrillator Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Defibrillation is a common treatment for life-threatening cardiac dysrhythmias, ventricular fibrillation and pulseless ventricular tachycardia. Defibrillation consists of delivering a therapeutic dose of electrical energy to the heart with a device called a defibrillator. This depolarizes a critical mass of the heart muscle, terminates the dysrhythmia and allows normal sinus rhythm to be reestablished by the body`s natural pacemaker, in the sinoatrial node of the heart. Defibrillators can be external, transvenous, or implanted (implantable cardioverter-defibrillator), depending on the type of device used or needed. Some external units, known as automated external defibrillators (AEDs), automate the diagnosis of treatable rhythms, meaning that lay responders or bystanders are able to use them successfully with little or no training at all.Figure Defibrillator Product Picture Over the past decade, the global defibrillator industry has witnessed remarkable growth. And it is forecasted that the market will continue to grow at a speed over 5% in the following decade. The major drivers for the market include the development of technologically advanced defibrillators, rapid growth in the aging population with high risk of target diseases, rising incidences of cardiovascular diseases across the globe, growing focus of public and private organizations and key market players toward public access defibrillation, and increasing number of training and awareness programs across the globe. Currently, North America is the largest market of defibrillator worldwide, owing to the growing prevalence of cardiovascular disorders. Europe is the second largest market, and followed by Asia Pacific. According to our research and analysis, the leading five companies in the market occupies about 65% of the production value shares. Major manufacturers in the market are Medtronic, St. Jude, Medical, Boston Scientific, Biotronik and Physio-Control. Implantable cardioverter defibrillators and external defibrillators are the two main products segments of defibrillator. ICD was the largest product segment. The possibility of remote patient monitoring by the utility of this device, is a major driver of the segment. New generation ICD with the bi-functional capability of preventing cardiac arrest along with performing the role of a pacemaker are expected to enhance sales volume of the device. External defibrillators are the second largest product segment. The ability of the device to diagnose early onset of ventricular tachycardia and ventricular defibrillation is expected to promote their demand. Although sales of defibrillator brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the defibrillator field.

By Market Verdors:

• Medtronic
• Abbott
• Boston Scientific
• Biotronik
• Physio-Control
• Nihon Kohden Corporation
• Zoll Medical
• Cardiac Science
• Philips Healthcare
• PRIMEDIC
• Schiller
• Sorin Group
• HeartSine Technologies
• Defibtech

By Types:

• Automatic External Defibrillators
• Implantable Cardioverter Defibrillators
• Wearable Cardioverter Defibrillator
• Advanced Life Support (ALS)

By Applications:

• Hospital
• Public Access
• Home Healthcare

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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