Global Defibrillators Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Implantable Cardioverter Defibrillator, External Defibrillator, Wearable Cardioverter Defibrillators), By Application (Ventricular Tachycardia, Ventricular Fibrillation, Atrial Fibrillation, Others), By End User (Hospitals, Cardiac Centers), And By Geography - Forecasts From 2019 To 2024

Published:  Nov 2022 Report Code: KSI061611897 Pages: 126

The global defibrillators market is expected to grow at a CAGR of 5.97% over the forecast period to reach US$19.135 million by 2027 from US$12.756 million in 2020. The defibrillator is a medical equipment that is used to send an electrical shock to the heart for the restoration of the heartbeat. The equipment prevents or corrects uneven heartbeat which could lead to sudden cardiac arrest. The prevalence of heart disease, and bypass surgeries are showing a constant rise coupled with the growing old age population. For instance, according to the World Health Organization, in 2019, the number of deaths recorded due to cardiovascular disease stood at 17.9 million which represented 32% of all global deaths. Furthermore, according to the Centre for Disease Control and Prevention, in 2020, in the United States, the number of death recorded due to heart disease stood at 697,000. Moreover, according to Eurostat, in 2020, 38,900 heart bypass surgeries were conducted in Germany which was more than double the number of surgeries conducted in any of the EU’s member states. Owing to such a high death count due to heart diseases and an increase in bypass surgeries, the demand and usage of defibrillators in such instances are also projected to increase in the future, thereby boosting the global defibrillators market growth during the forecast period.

Based on type, the global defibrillator market is segmented into automated external defibrillators (AED), implantable cardioverter-defibrillator (ICD), and wearable cardio defibrillators (WCD). The automated external defibrillator (AED) is expected to grow at a relatively higher rate during the forecast period in the global defibrillators market. Automated external defibrillators have high applicability during the treatment of sudden cardiac arrest, as the combination of the equipment with CPR improves the resuscitation chances. The equipment is portable and can automatically analyze the heart rate of an individual who is experiencing cardiac arrest. Owing to its high-performance features coupled with growing cases of heart failure, the demand for the automated external defibrillator is projected to increase, thereby improving the segment growth as well as the market growth of the global defibrillators market during the forecast period.

The favorable government initiatives and investments to increase access to defibrillators are creating a surge in the market demand for defibrillators. Defibrillators provide the urgent assistance required to maintain a heartbeat of an individual during a sudden cardiac arrest situation which can occur anywhere. Realizing the growing threat of heart diseases various initiatives, schemes, and investments have been implemented by the governing authorities to tackle such health-related issues. For instance, in May 2022, the Delhi government announced its plans to install automated external defibrillators in public places such as bus stops, railway stations, and marketplaces to provide quick medical assistance to people who suffer cardiac arrest in public places. Also, in March 2021, the Rankin government announced investments of US$700,000 to install automated external defibrillators in all public schools in Nova Scotia. Furthermore, in February 2022, the Welsh government announced investments of US$676.8 million to increase the availability of defibrillators in public organizations, community groups, and sports grounds to improve the survival rate of people who suffers a sudden cardiac arrest outside the hospitals. Such favorable investments and plans to increase access to defibrillators in public places will create a surge in the demand and usage of the equipment, thereby boosting their market growth at a global level during the forecast period.

Recent development and expansion

  • In February 2020, Automated External Defibrillator startup HeartHero entered into a strategic collaboration with the American College of Cardiology for the transformation of cardiovascular care through HeartHero’s portable AED products.
  • In September 2019, China-based medical device manufacturer Mindray launched BeneHeart C series automated defibrillator that provides smart operations and quicker shock deliveries to achieve better resuscitation outcomes during sudden cardiac arrest.
  • ZOLL Medical Corporation, in August 2019, completed the acquisition of Cardio Science Corporation which is one of the leading manufacturers of automated external defibrillator products and accessories. The acquisition will increase the AED product portfolio of Zoll Medical Corporation.

Covid 19

The OVID-19 pandemic led to a global lockdown and restrictions were imposed on public movement, and trade among other activities. Various sectors took a massive on their activities due to the pandemic, the medical sector, however, showed significant growth owing to the growing demand and need for diagnostic and treatment equipment. Certain treatment equipment such as defibrillators saw a decrease in demand owing to the growing COVID cases which surged the demand for protective kits and equipment. Major players operating in the global defibrillators market experienced a decrease in their equipment sales. For instance, according to the annual report by Abbot, in 2020, the company’s medical device segment consisting of defibrillators and other heart care products saw a decrease of 3.7% in the segment sale. However, with the slow easing of the government regulations on COVID, the demand and usage of scope for defibrillators is showing a steady increase, thereby leading the market players to increase their sales. For instance, according to the annual report of Medtronic, in 2021, the company reported an increase of 9% in the sales of its cardiac rhythmic and heat failure equipment.

Global Defibrillators Market Scope:

Report Metric Details
 Market size value in 2018  US$13.829 billion
 Market size value in 2024  US$19.593 billion
 Growth Rate  CAGR of 5.98% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Application, End-Users, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Boston Scientific Corporation, Medtronic, Cardiac Science Corporation, Abbott,   Defibtech, LLC, Koninklijke Philips N.V., Nihon Kohden Corporation, Schiller, Physio-   Control, Inc., Biotronik
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Type
    • Automated External Defibrillator (AED)
    • Implantable Cardioverter-Defibrillator (ICD)
    • Wearable Cardio Defibrillator (WCD)
  • By End-User
    • Hospitals
    • Ambulatory Surgical Center
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • United Arab Emirates
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Australia
      • Indonesia
      • Thailand
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the defibrillators market size by 2024?
A1. The defibrillators market is expected to reach a total market size of US$19.593 billion in 2024. 


Q2. What is the size of the global defibrillators market?
A2. Defibrillators Market was valued at US$13.829 billion in 2018. 


Q3. What are the growth prospects for the defibrillators market?
A3. The global defibrillators market is expected to grow at a CAGR of 5.98% during the forecast period. 


Q4. How is the global defibrillators market segmented?
A4. The defibrillators market has been segmented based on type, application, end-users, and geography. 


Q5. What factors are anticipated to drive the defibrillator's market growth?
A5. The growth in the defibrillator market may be attributed to the rising incidences of cardiovascular diseases across the globe.

1. INTRODUCTION

1.1. Market Overview

1.2. Covid-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Driver

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. GLOBAL DEFIBRILLATORS MARKET, BY TYPE

5.1. Introduction

5.2. Automated External Defibrillator (AED)

5.3. Implantable Cardioverter-Defibrillator (ICD)

5.4. Wearable Cardio Defibrillator (WCD)

 

6. GLOBAL DEFIBRILLATORS MARKET, BY END-USER

6.1. Hospitals & Clinics

6.2. Ambulatory Surgical Centre

6.3. Others

 

7. GLOBAL DEFIBRILLATORS MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Italy

7.4.5. Spain

7.4.6. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. Israel

7.5.3. United Arab Emirates

7.5.4. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. South Korea

7.6.4. India

7.6.5. Australia

7.6.6. Indonesia

7.6.7. Thailand

7.6.8. Taiwan

7.6.9. Others

 

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

 

9. COMPANY PROFILES

9.1. Boston Scientific Corporation

9.2. Medtronic

9.3. ZOLL Medical Corporation 

9.4. Abott

9.5. Defibtech LLC

9.6. Koninklijke Philips N.V

9.7. Nihon Kohden Corporation

9.8. Schiller AG

9.9. Stryker Corporation

9.10. Bexen Cardio

Boston Scientific Corporation

Medtronic

ZOLL Medical Corporation

Abott

Defibtech LLC

Koninklijke Philips N.V

Nihon Kohden Corporation

Schiller AG

Stryker Corporation

Bexen Cardio

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