The global market for external defibrillator market is growing at a steady rate since the past few years. According to this report, in 2017 the global automated external defibrillator market was valued at US$ 674.5 Mn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 946.4 Mn growing at a healthy CAGR of 5.81% throughout the forecasted period.
Global Automated External Defibrillator Market: Market Driver
The upsurge in the prevalence of cardiovascular diseases, increasing cutting-edge technologies and rapid growth in the geriatric population are some of the major factors which are driving the growth of global automated external defibrillator market. Additionally, the rise in providing public access defibrillators is also expected to propel the market growth. On the other hand, growing pressure of pricing on market players is likely to hamper the growth of the global market for automated external defibrillator market, however developing markets will create remarkable growth opportunities in the market.
Global Automated External Defibrillator Market: Forecast by Nature
Automated External Defibrillator (AED) is a portable electronic device that automatically diagnoses the life-threatening cardiac arrhythmias of ventricular fibrillation and ventricular tachycardia in a patient, and is able to treat them through defibrillation, the application of electrical therapy which stops the arrhythmia, allowing the heart to re-establish an effective rhythm.
This segment includes semi-automated and fully automated segments. The fully automated segment is expected to remain dominant in the global automated external defibrillator market throughout the forecast period with a revenue share of 66.81% in 2023.
Global Automated External Defibrillator Market: Forecast by Application
Application segment consists of public access, hospitals, training, home, and others. Public access is likely to account for a volume share of over 55.83% in 2023 and is anticipated to expand at a CAGR of 7.99% over the forecast period.
Global Automated External Defibrillator Market: Key Players
Philips, Zoll, Physio-Control, Laerdal Medical, Cardiac Science, Nihon Kohden, Schiller, HeartSine Technologies, A.M.I. Italia, Defibtech, Metrax GmbH, Mediana, Instramed, METsis Medikal, Mindray, Beijing M&B Electronic and Shenzhen XFT, are some of the key vendors included in this report.
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