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Global Defibrillator Market

The global defibrillator market was valued at $12.35 billion in 2019 and is projected to reach $21.15 billion by 2026, growing at a CAGR of 8%. Defibrillators are devices used to treat life-threatening cardiac conditions like arrhythmia and help control heart fibrillation. The market is driven by supportive government policies and growing demand for cardiovascular treatment options. It is segmented by product, application, and region with North America expected to account for a significant share due to factors like reimbursement and disease prevalence.

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76 views4 pages

Global Defibrillator Market

The global defibrillator market was valued at $12.35 billion in 2019 and is projected to reach $21.15 billion by 2026, growing at a CAGR of 8%. Defibrillators are devices used to treat life-threatening cardiac conditions like arrhythmia and help control heart fibrillation. The market is driven by supportive government policies and growing demand for cardiovascular treatment options. It is segmented by product, application, and region with North America expected to account for a significant share due to factors like reimbursement and disease prevalence.

Uploaded by

Pulkit Batra
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Global Defibrillator Market by Products (Implantable Convertible Defibrillators

(ICD), and External Defibrillators), Applications (Hospital, Prehospital, Public


Access Market, Alternate Care Market, and Home Healthcare), and Regions (Asia
Pacific, North America, Latin America, Europe, and Middle East & Africa) -
Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2026

The global defibrillator market was valued at USD 12.35 Billion in 2019 and is
projected to reach USD 21.15 Billion by 2026, expanding at a CAGR of 8% during
the forecast period, 2020 – 2026. The growth of the market is attributed to the
increasing supportive legislation policies by the governments of developed
countries.

Defibrillator is a device used to control heart fibrillation by application of an electric


current to the chest wall or heart. Defibrillation is a process used to treat life
threatening situations that affect the rhythm of the heart such as cardiac
arrhythmia, ventricular fibrillation and pulseless ventricular tachycardia.

Market Trends, Drivers, Restraints, and Opportunities:

 Increasing supportive legislation policies by the governments of developed


countries is the key driver for the global defibrillator market growth.
 Growing demand for handling cardiovascular conditions is fuelling the market
growth.
 Market growth is expected to propel due to technological advancements and
product innovations.
 Increasing awareness about cardiovascular diseases and demand for
treatment is expected to upsurge the market growth.

Scope of the Report

The report on the global defibrillator market includes an assessment of the market,
trends, segments, and regional markets. Overview and dynamics have also been
included in the report.
Attributes Details
Base Year 2019
Historic Data 2018–2019
Forecast Period 2020–2026
Regional Scope Asia Pacific, North America, Latin
America, Europe, and Middle East &
Africa
Report Coverage Company Share, Market Analysis and
Size, Competitive Landscape, Growth
Factors, and Trends, and Revenue
Forecast

Global Defibrillator Market Segment Insights:

On the basis of products, the global defibrillator market is divided into implantable
convertible defibrillators (ICD), and external defibrillators. ICDs account for more of
the global market share than external defibrillators. They are also used as a
continuous monitoring device for arrhythmia. Demand for these devices has risen
owing to the integration of defibrillators with other devices such as pacemaker. This
segment is projected to expand at significant CAGR during the forecast period.
External defibrillators are generally used for resuscitation purposes to stabilize
patients until they reach the hospital or medical help arrives. These products are
estimated to generate high profits during the forecast period.

In terms of applications, the market is categorized into hospital, prehospital, public


access market, alternate care market, and home healthcare. Hospitals accounts for
more than 85% of the global market share. Hospitals are required to be equipped
with defibrillators. Moreover, ICDs are mostly available in hospitals. There is an
increase in awareness and training programs, driving growth of this segment.

Based on regions, the market is classified as Asia Pacific, North America, Latin
America, Europe, and Middle East & Africa. North America is expected to account
for a significant market share during the forecast period. Major drivers in this
market are increasing awareness, favorable reimbursement schemes, increase in
training programs, supportive government policies, and increasing incidence of
cardiovascular diseases. The market in Asia Pacific is expected to expand at a high
CAGR. Increasing awareness, increasing prevalence of cardiovascular diseases, and
accessibility of these devices offer tremendous growth opportunities in this region.

Competitive Landscape:

Key players in global defibrillator market include ZOLL Medical Corporation, St. Jude
Medical LLC, Schiller AG, Progetti Srl, Physio-Control Inc., Nihon Kohden
Corporation, Medtronic, LivaNova, Koninklijke Philips N.V., HeartSine Technologies
LLC, Fukuda Denshi Co., Ltd., Defibtech LLC, Cardiac Science, and Boston Scientific
Corporation. These companies engage in strategic initiatives such as regional
expansion, acquisitions & mergers, and new product development. For example,
Abbott acquired St. Jude Medical in 2016. This acquisition was aimed at
strengthening the presence of Abbott in the cardiovascular segment.

Segments Covered in the Report

The global defibrillator market has been segmented on the basis of

Products

 Implantable convertible defibrillators (ICD)


 External defibrillators

Applications

 Hospital
 Prehospital
 Public access market
 Alternate care market
 Home healthcare
Regions

 Asia Pacific
 North America
 Latin America
 Europe
 Middle East & Africa

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