The defibrillators market was valued at USD 11.8 billion in 2021 and it is anticipated to reach up to USD 29.3 billion in 2031 at a CAGR of 9.5% during the forecast period.
Global Defibrillators Market report from Global Insight Services is the single authoritative source of intelligence on Defibrillators Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Defibrillation is a technique that is considered as a definitive treatment for cardiac arrests and arrhythmias. Defibrillators are devices that are used to defibrillate or stabilize the heartbeat of a patient in a condition of arrhythmias and ventricular tachycardia.
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Market Trends and Drivers
The key factor boosting the growth of the market is the rising prevalence of target diseases. Cardiovascular disease (CVD) is a leading cause of death and disability across the globe. Worldwide, 17.9 million deaths owing to CVD were reported in 2019, which amounts to 32% of the total deaths across the globe (Source: WHO). More than 75% of deaths owing to CVDs occur in low- and middle-income countries. In the US alone, there were more than 390,000 sudden cardiac arrests in 2018 (Source: American Heart Association). Of the total US population, around 65% of deaths due to CVDs occur in people aged 75 and over, 29% in the age group of 55–74, and 6% in the age group of 35–54. Due to this, the demand for defibrillators has increased, as these devices help save the lives of patients at a high risk of cardiac arrest.
Market Segments
By Type
- Implantable Cardioverter Defibrillator
- Transvenous Implantable Cardioverter Defibrillators
- Subcutaneous Implantable Cardioverter Defibrillators
By Patient Type
- Adult
- Pediatric
By End User
- Hospitals, Clinics and Cardiac centers
- Pre-hospital care settings
- Public access markets
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Key Players
- Medtronic (Ireland)
- Stryker Corporation (US)
- Koninklijke Philips N.V. (Netherlands)
- Asahi Kasei Corporation (Japan)
- Boston Scientific Corporation (US)
- Abbott (US)
- Nihon Kohden (Japan)
- MicroPort (China)
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