Global Defibrillators Market is expected to reach US$ 12.85 Bn by 2026 at a CAGR of 5.5 % during the forecast period. The defibrillator is an electrical device that delivers a dose of electric current to the heart, This depolarizes a critical mass of the heart muscle, terminates the dysrhythmia, and allows normal sinus rhythm to be re-established by the body’s natural pacemaker. These devices play a crucial role when a patient is experiencing a cardiac emergency and has no pulse. These devices are widely used in hospitals, clinics, & cardiac centers, and pre-hospital.
Rising incidences of cardiac diseases, Rapid Growth in Aging Population, Technological advancements in Defibrillators, and Increasing awareness about Public-Access Defibrillators, would create commercial market opportunities.
Key Players of the Global Defibrillators Market:
- St. Jude Medical
- Boston Scientific
- ZOLL Medical Corporation
Defibrillators market is growing at a very fast pace owing to rising cardiovascular diseases, this is one of the most important factors in the growth of the market. Furthermore, preference of drugs over defibrillators, strict FDA regulations and low awareness regarding defibrillators in the underdeveloped market are the major hindrances of the Defibrillators market growth. On the other hand development of new MRI labeled devices and growing healthcare expenditure in APAC region may act as an opportunity in the growth of the market.
Global Defibrillators Market, by region
- North America
- Latin America
Defibrillators market is segmented by product, end-user, and region. Among product, the Implantable Cardioverter Defibrillators (ICDs) segment is expected to be the fastest-growing segment owing to increasing health consciousness and adoption of advanced technology.
Among end-user segment, hospitals, clinics, and cardiac centers are considered attractive market segment and are expected to hold a significant share of the market in the coming years along with growth can be attributed to factors such as rising adoption of technology advancement.
The Scope of the Global Defibrillators Market:
Global Defibrillators Market, By Product
- Implantable Cardioverter Defibrillators (ICDs)
- Transvenous Implantable Cardioverter Defibrillators (T-ICDs)
- Biventricular ICDs/Cardiac Resynchronization Therapy Defibrillators (CRT-Ds)
- Dual-chamber ICDs
- Single-chamber ICDs
Global Defibrillators Market, By End User
- Hospitals, Clinics, and Cardiac Centers
- Pre-Hospital Care Settings
- Public Access Markets
- Home Care Settings
- Alternate Care Facilities
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Among regions, the North America region is expected to grow at the highest CAGR during the forecast period due to an increased incidence of cardiovascular diseases, supportive government policies, favorable reimbursement schemes, increasing awareness, and increase in training programs. The APAC region is expected to grow at the highest CAGR during the forecast period due to increasing awareness and accessibility of these devices. In addition, an increasing prevalence of cardiovascular diseases in this region also supports the growth of this segment.
Some TOC Points Covered in This Defibrillators Market Report are:
Section 1: Preface
Section 2: Assumptions and Research Methodology
Section 3: Executive Summary
Section 4: Market Overview
Section 5: Supply Side and Demand Side Indicators
Section 6: Market Analysis and Forecast
Section 7: Company Profiles
Section 8: Primary Key Insights
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Name: Saurabh Gandhi
Organization: Maximize Market Research
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