Defibrillator Market Size to Reach USD 17430 Million by 2027 at CAGR 3.3% - Valuates Reports

India - English

News provided by

Dec 13, 2021, 09:00 ET

BANGALORE, India, Dec. 13, 2021 /PRNewswire/ -- The Defibrillator Market is Segmented by Type (Automatic External Defibrillators, Implantable Cardioverter Defibrillators, Wearable Cardioverter Defibrillator, Advanced Life Support (ALS)), Application (Hospital, Public Access, Home Healthcare, Other). The report covers global opportunity analysis and industry forecasts from 2021 to 2027.

In 2020, the global Defibrillator market size was USD 13900 Million and it is expected to reach USD 17430 Million by the end of 2027, with a CAGR of 3.3% during the forecast period 2021-2027.

Major Factors Driving The Growth Of The Defibrillator Market Are:

The primary growth factors for this defibrillator market are the rising occurrences of cardiac illnesses and regulatory revisions mandating the use of defibrillators in all ambulances and emergency rooms.

The rising emphasis on public-access defibrillators, as well as defibrillator training and awareness campaigns, is expected to fuel the growth of the defibrillator market. Emerging markets, as well as the development of S-ICDs and MRI-compatible ICDs and CRT-Ds, are likely to provide growth possibilities for defibrillator market players.

Furthermore, the rising geriatric population, which is at an increased risk of developing targeted diseases, is propelling the defibrillator market forward.

Get your sample today: https://reports.valuates.com/request/sample/QYRE-Othe-2K482/Defibrillator_Market

Trends Influencing The Growth Of The Defibrillator Market :

The defibrillator market is predicted to increase due to the increasing prevalence of sudden cardiac arrest. Furthermore, the Defibrillator Market is expected to grow due to the increasing prevalence of out-of-hospital cardiac arrests and the comfort provided by external defibrillators over the forecast period. Furthermore, in industrialized countries, strong government rules are driving the installation of external defibrillators in public locations.

For instance, according to the National Heart, Lung, and Blood Institute (2020), more than 250,000 people die in the United States each year as a result of sudden cardiac arrest. To reduce mortality due to sudden cardiac arrest, all states in the United States have endorsed and implemented broad public access regulations. According to the American Heart Association, public access to defibrillators saves around 20,000 lives each year.

In COVID19, defibrillators were proven to be particularly beneficial in reviving abrupt cardiac arrest, which increased demand for defibrillators in a pandemic situation. In the coming years, it is expected that timely supportive policies and rising adoption will provide the defibrillators market with a lucrative growth platform.

However, product failures and recalls, rising pricing pressure on companies, and a lack of awareness regarding sudden cardiac arrest (SCA) are all limiting the defibrillators market's growth.

Browse the Table of Contents and List of figures at: https://reports.valuates.com/reports/QYRE-Othe-2K482/defibrillator

Defibrillator Market Share Analysis:

Based on region, North America held the largest defibrillator market share of about 50%, followed by Europe, and Asia-Pacific, both having a share of about 45 percent.

Increased installation of external defibrillators in hospitals, as well as public places such as schools, hotels, streets, train stations, and other locations, with the goal of preventing fatalities from sudden cardiac arrest, is a major factor driving North America's defibrillator market share.

Based on product, the Automatic External Defibrillators segment held the largest defibrillator market, with a share over 45%.

Based on application, the Hospital segment is expected to hold the largest market share followed by Public Access, Home Healthcare, etc. This is due to the fact that hospitals are the first line of treatment for any condition, including cardiac arrests. According to the Centers for Disease Control and Prevention (CDC), 659,000 Americans will die each year from cardiovascular disease by 2021.

Report Customization Request: https://reports.valuates.com/request/customisation/QYRE-Othe-2K482/Defibrillator_Market

Leading Players in the Defibrillator Market

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

Chapter Cost Request: https://reports.valuates.com/request/chaptercost/QYRE-Othe-2K482/Defibrillator_Market

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Othe-2K482&lic=single-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS

- The global home medical equipment market was valued at USD 30,545.34 Million in 2019, and is estimated to reach USD 56,457.87 Million by 2027, registering a CAGR of 6.1% from 2020 to 2027.

- The global Medical Electronics market size is projected to reach USD 5256.6 Million by 2027, from USD 4506.3 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 2.6% during 2021-2027.

- In 2020, the global Heart Rate Monitors market size was USD 13030 Million and it is expected to reach USD 17970 Million by the end of 2027, with a CAGR of 4.7% during 2021-2027.

- The global Cardiac Resynchronization Therapy (CRT) market size is projected to reach USD 6487.9 Million by 2027, from USD 4757.5 Million in 2020, at a CAGR of 4.5% during 2021-2027.

- The U.S. cardiac resynchronization therapy market was valued at USD 965.6 Million in 2019, and is projected to reach USD 983.3 Million by 2027, registering a CAGR of 4.9% from 2020 to 2027.

- In 2020, the global Medical Battery market size was USD 2040.8 Million and it is expected to reach USD 2908.5 Million by the end of 2027, with a CAGR of 5.2% during 2021-2027.

- The global Nanomedical Devices market size is projected to reach USD 2861.7 Million by 2027, from USD 1758.2 Million in 2020, at a CAGR of 6.7% during 2021-2027

- The global Point-of-Care Diagnostics market size is projected to reach USD 35370 Million by 2027, from USD 23310 Million in 2020, at a CAGR of 5.7% during 2021-2027

- The U.S. patient monitoring market was valued at USD 12,200.96 Million in 2019 and is projected to reach USD 22,583.40 Million by 2027, registering a CAGR of 5.21% from 2020 to 2027.

- In 2020, the global Holter ECG Monitoring market size was USD 396.6 Million and it is expected to reach USD 596.4 Million by the end of 2027, with a CAGR of 6.0% during 2021-2027.

- Global and Japan Wearable Cardioverter Defibrillators Market Insights, Forecast to 2027

- Global Metal Implants and Medical Alloys Sales Market Report 2021

- Global Portable Defibrillators Market Research Report 2021

- Global Pacemakers and Implantable Cardioverter Defibrillators Sales Market Report 2021

To see the full list of related reports on the Defibrillator

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

CONTACT US:

Valuates Reports
[email protected]
For U.S. Toll-Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Follow on Twitter - https://twitter.com/valuatesreports
Follow on Linkedin - https://in.linkedin.com/company/valuatesreports
Follow on Facebook - https://www.facebook.com/valuatesreports