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    Defibrillators Market Analysis & Forecast | 2023-28

    Defibrillators Market Analysis & Forecast | 2023-28
    Report code - SRHL166 Delivery - 2 Weeks
    Defibrillators Market Size, Share, Trend, Forecast, & Industry Analysis | 2023-28
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    Market Insights

    The global defibrillators market is estimated to grow from USD 12.65 billion in 2022 to USD 21.54 billion by 2028 at a CAGR of 9.18% during the forecast period.

     

    To study in detail about this report,

    What is Defibrillator?

    Defibrillators are used to give an electric shock through the chest wall to the heart during cardiac arrest. This shock momentarily disrupts the chaotic electrical activity in the heart and allows the heart's natural pacemaker to regain control and restore a regular heartbeat.

    Global Defibrillators Market Report Overview

    Market Size in 2028

    USD 21.54 billion

    Market Size in 2022

    USD 12.65 billion

    Market Growth (2023-2028)

    CAGR of 9.18%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    Some of the major defibrillators market are-

    • Biotronik
    • Boston Scientific
    • CU Medical Systems, Inc.
    • Koninklijke Philips N.V.
    • Mediana
    • Medtronic plc
    • Metsis Medikal
    • Microport
    • Mindray Medical
    • Nihon Kohden

    Market Dynamics

    The defibrillator market is driven by several factors that contribute to its growth and development. Here are some of the key drivers:

    • Globally, the main cause of death is due to cardiovascular diseases like cardiac arrest and arrhythmias. Defibrillators are in high demand as they are vital life-saving tools that maintain normal heart rhythms.
    • The development of defibrillator technology played a vital role in the growth of the market. It has also become easier for non-medical professionals to utilize automated external defibrillators (AEDs) in emergency scenarios.
    • The significance of early defibrillation has been widely considered through public awareness campaigns and training initiatives. The probability of survival increases with prompt defibrillation within the first few minutes after a cardiac arrest.  
    • Defibrillators market plays a critical role in saving lives during cardiac emergencies, as acknowledged by governments all over the world. The installation of defibrillators in public spaces, schools, and workplaces is mandated by laws in several nations.
    • Increased healthcare costs, particularly in developing nations, have fueled the market for defibrillators. The need for defibrillators rises as healthcare infrastructure develops and more people have access to medical treatment, particularly in settings like hospitals, clinics, and ambulatory care centers.
    • Defibrillators are intended to be more easily available in public locations, such as airports, retail centers, sporting venues, and transit hubs.

    To get more information about this report, Click here.

    Segment Analysis

    Defibrillators Market: By Type

    The market is segmented into implantable cardioverter defibrillators and external defibrillators. The ICDs segment held the market's larger share of > 65% in 2022.  The external defibrillators segment has the fastest CAGR of nearly 9.2% during the forecast period.

    The growth and development of technologically enhanced devices with extended life span, fast-increasing implant procedures, and a surge in the adoption of cardiac resynchronization therapy defibrillators (CRT-Ds) and S-ICD systems globally, are some of the major factors contributing to the major share of these segment of the market during the forecast period.

    Defibrillators Market: By End-User Type

    The defibrillators market is segmented as hospitals, clinics & cardiac centers, prehospital care settings, public access markets, alternate care facilities, and home care facilities. The hospitals, clinics, and cardiac centers segment captured the largest share of the market in the year 2022. Hospitals held a share of more >75% in 2022.  public access market segment CAGR of nearly 9.5% during the forecast period

    Some of the major factors fueling the growth of this end-user segment of the market during the forecast period are the rapidly increasing cardiac implant procedures and the accessibility of reimbursements across the developed markets.

    Defibrillators Market :By Region

    North America held the largest market share of >30% in 2022 and is likely to continue its dominance during the forecast period as well. During the forecast period, major factors such as an increase in the geriatric population, growing incidents of cardiac diseases, and technological advancements are fueling the growth of the defibrillators market in the region. Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period. 

    To learn more about the market segments, Click here.

    Segmentation

    This report studies the market covering 12 years of trend and forecast. The defibrillators market 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 market is segmented into the following categories. 

    Defibrillators Market Size, Share, & Forecast, by Type:

    • Implantable Cardioverter Defibrillators
      • (Type Analysis: Transvenous Implantable Cardioverter Defibrillators and Subcutaneous Implantable Cardioverter Defibrillators)
    • External Defibrillators
      • (Type Analysis: Manual & Semi-Automated External Defibrillators, Fully Automated External Defibrillators, and Wearable Cardioverter Defibrillators)

    Defibrillators Market Size, Share, & Forecast, by End-User Type:

    • Hospitals, Clinics, and Cardiac Centers 
    • Prehospital Care Settings Public Access Markets 
    • Alternate Care Facilities 
    • Home Care Settings

     Defibrillators Market Size, Share, & Forecast, by Region:

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

    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 intelligence most comprehensively. The defibrillator market report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

    What Deliverables will you get in this report

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Global Defibrillators Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    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 types by end-user type.  

    Competitive Benchmarking

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

    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

    Frequently Asked Questions (FAQs)

    Defibrillators are used to give an electric shock through the chest wall to the heart during cardiac arrest. This shock momentarily disrupts the chaotic electrical activity in the heart and allows the heart's natural pacemaker to regain control and restore a regular heartbeat.

    Globally, the main cause of death is due to cardiovascular diseases like cardiac arrest and arrhythmias. Defibrillators are in high demand as they are vital life-saving tools that maintain normal heart rhythms. The development of defibrillator technology played a vital role in the growth of the market. It has also become easier for non-medical professionals to utilize automated external defibrillators (AEDs) in emergency scenarios. The significance of early defibrillation has been widely considered through public awareness campaigns and training initiatives. The probability of survival increases with prompt defibrillation within the first few minutes after a cardiac arrest. Defibrillators play a critical role in saving lives during cardiac emergencies, as acknowledged by governments all over the world. The installation of defibrillators in public spaces, schools, and workplaces is mandated by laws in several nations. Increased healthcare costs, particularly in developing nations, have fueled the market for defibrillators. The need for defibrillators rises as healthcare infrastructure develops and more people have access to medical treatment, particularly in settings like hospitals, clinics, and ambulatory care centers. Defibrillators are intended to be more easily available in public locations, such as airports, retail centers, sporting venues, and transit hubs.

    Biotronik, Boston Scientific, CU Medical Systems, Inc., Koninklijke Philips N.V., Mediana, Medtronic plc, Metsis Medikal, Microport, Mindray Medical, and Nihon Kohden are among the key players in the market.

    North America is expected to remain the largest market for defibrillators during the next five years.

    The defibrillators market is likely to grow at a healthy CAGR of 9.18% during the forecast period.