Automated External Defibrillators Market Analysis | 2024-2030

Market Insights

The automated external defibrillators market was estimated at USD 1.5 billion in 2023 and is likely to grow at a CAGR of 7.17% during 2024-2030 to reach USD 2.44 billion in 2030.

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Market Dynamics

Introduction

Automated external defibrillators are defined as portable, life-saving devices that 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

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 the best chances of survival.

Market Drivers

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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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).

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By End User Type

Based on end users, the market has been divided into hospitals, public access, emergency medical services, homes, and private cardiac clinics.

In 2023, 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.

By Technology Type

Based on technology type, the market is segmented as semi-automatic and fully automatic. The fully automatic segment is estimated to account for the major share of the market during the forecast period.

Regional Insights

The market in North America accounted for the largest share of more than 30% in 2023.

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 Asia-Pacific region is projected to register a healthy growth rate on account of rising product awareness among consumers and the expansion of the healthcare industry in developing countries.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s automated external defibrillators market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and 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 so 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

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The automated external defibrillators market is segmented into the following categories:

By Technology Type

• Semi-Automatic
• Fully Automatic

By Size Type

• Standard
• Paediatric

By End User Type

• Hospitals
• Public Access
• Emergency Medical Services
• Homes
• Private Cardiac Clinics

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the technology types by size type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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