Automated External Defibrillators Market is segmented by Technology (Semi-Automatic, Fully Automatic), By Size (Standard, Paediatric), By End User (Hospitals, Public Access, Emergency Medical Services, Homes, Private Cardiac Clinics), and by Region (North America. Europe, Asia-Pacific, and the Rest of the World).
Automated External Defibrillators Market is segmented by Technology (Semi-Automatic, Fully Automatic), By Size (Standard, Paediatric), By End User (Hospitals, Public Access, Emergency Medical Services, Homes, Private Cardiac Clinics), and by Region ...
The automated external defibrillators market size was valued at USD 1.71 billion in 2021 and is likely to grow at a CAGR of 7.05% during 2022-2028 to reach USD 2.77 billionin 2028.
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What are automated external defibrillators?
Automated external defibrillators are defined as portable, life-saving devices which analyze the rhythm of the heart and treat people who experience sudden cardiac arrest. Cardiac arrest is a medical ailment wherein the heart stops beating. This device detects the problem and treats the same by delivering an electric shock to restore normal heart rhythm. These devices are of small size and thus, are easy to use.
COVID-19 Impact on Automated External Defibrillators Market
The Covid-19 outbreak impacted the growth of automated external defibrillators positively. With the rapid surge in covid-19 cases, healthcare facilities across geographies were focusing on treating patients infected with the coronavirus. This resulted in an increased need for automated defibrillators to ensure patients suffering from cardiac arrest could be provided with best chances of survival.
Automated External Defibrillators Market Features
Market Size in 2021
USD 1.71 billion
Market Size in 2028
USD 2.77 billion
Market Growth (2022-2028)
7.05% CAGR
Base Year of Study
2021
Trend Period
2017-2020
Forecast Period
2022-2028
Segments Covered
By Technology (Semi-Automatic, Fully Automatic),
By Size (Standard, Paediatric),
By End Users (Hospitals, Public Access, Emergency Medical Services, Homes, Private Cardiac Clinics),
By Region.
Key Players
Key players operating in the market are-
Koninklijke Philips N.V. (Netherlands),
Physio-Control Corporation (The U.S),
Asahi Kasei Medical Co., Ltd (Japan),
Nihon Kohden Corporation (Japan),
Schiller AG (Switzerland),
Mindray Medical International Limited (China),
GE Healthcare (The U.S),
Stryker Corporation (The U.S),
Cardiac Science Corporation (The U.S),
Zoll Medical Corporation (The U.S),
Metrax GmbH (Germany), and
Biotronik (Germany).
Market Dynamics
The rapidly expanding aging population has also resulted in increased demands for automated external defibrillators.
The market growth is primarily driven by an increase in the number of people suffering from cardiovascular diseases as a result of a busy lifestyle and unhealthy eating habits.
The rise in the number of people dying due to cardiac arrest is likely to fuel the demand for automated defibrillators at a significant rate.
Growing emphasis on technological advancement in these devices is expected to create lucrative opportunities for the players operating in the global automated external defibrillators market during the review period
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Segment Analysis
End User Trends
Based on end users, the market has been divided into hospitals, public access, emergency medical services, homes, and private cardiac clinics.
In 2021, the hospital's segment garnered the largest market share. The public access segment is likely to grow at a significant rate during the review period on account of the rise in the number of sudden cardiac arrest cases worldwide.
Regional Trends
The market in North America accounted for the largest share of approximately 30% in 2021.
This was due to the increasing geriatric population, the rise in the number of people dying due to cardiac arrest, and the growing emphasis on technological advancement in defibrillators.
The market in the Asia-Pacific region is projected to register a healthy growth rate on account of rising product awareness among consumers and expanding the healthcare industry in developing countries.
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Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
Report Features
Market Segmentation
4
Regions Covered
4
Countries/Sub-Regions Covered
17
No. of Figures & Tables
>150
Company Profiles
10
Target Audience
The following is a list of the customers that the automated external defibrillators market aims to convert the most:
Automated external defibrillators distributors
Automated external defibrillators suppliers
Automated external defibrillators manufacturers
Logistics organizations
Government Bodies
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
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Koninklijke Philips N.V. (Netherlands), Physio-Control Corporation (The U.S), Asahi Kasei Medical Co., Ltd (Japan), Nihon Kohden Corporation (Japan), Schiller AG (Switzerland), Mindray Medical International Limited (China), GE Healthcare (The U.S), Stryker Corporation (The U.S), Cardiac Science Corporation (The U.S), Zoll Medical Corporation (The U.S), Metrax GmbH (Germany), and Biotronik (Germany) are among the key players in the market.
The rapidly expanding aging population, increase in the number of people suffering from cardiovascular diseases, rise in the number of people dying due to cardiac arrest, growing emphasis on technological advancement is the factors driving the growth of the market.