In a recent research report titled, “Global Automated External Defibrillators (AEDs) Market Report, History and Forecast 2014-2025”, QY Research has presented a detailed overview of the dynamics and the elements present in the market. Increase in technological advancements in the field of defibrillators, growing incidences of heart diseases, and rising investments by government and private companies are some of the key factors driving the growth of the global automated external defibrillators (AEDs) market during the forecast period.
The global automated external defibrillators (AEDs) market is anticipated to reach US$1048.58 mn by 2025 from US$704.06 mn in 2018, rising at a CAGR of 5.89% between 2019 and 2025.
Rising Population with Cardiovascular Diseases to Drive Market Growth
The global automated external defibrillators (AEDs) market will witness significant growth, as the incidences of cardiovascular diseases leading to cardiac arrests are on the rise. AEDs are used in case of sudden cardiac arrest. An arrest hampers blood flow to the vital organs including brain because of the abnormalities in the electrical condition system of a heart. The growing technological advancements in defibrillators, surge in elderly population, and increasing prevalence of heart diseases are the factors that are likely to drive the market growth. AEDs devices are used to analyze the heart rhythm and respond to the problem by delivering an electric shock to restore a normal heart rhythm. All of these factors are expected to propel the demand for AEDs in the coming years.
However, lack of awareness among people towards taking the right action for sudden cardiac arrest, mainly in emerging markets, is expected to restrain the growth of the market during the forecast period.
Semi-automatic Segment to Lead Global Market as Disposable Income Rises
The global AEDs market is segmented into application and product type. The application segment includes training, hospitals, home, public access, and others. The product type segment includes fully automated and semi-automated. The semi-automated segment will lead the global automated external defibrillators (AEDs) market due to the growing elderly population and high per capita income.
North America to Dominate due to Better Healthcare Infrastructure
North America will dominate the global market for automated external defibrillators (AEDs) because of the growing prevalence of cardiovascular diseases, geriatric population, and technological advancements in the medical sector. Furthermore, better insurance schemes and supportive infrastructure are expected to propel this regional market during the forecast period. Europe is also likely to drive the AEDs market due to increasing occurrence of coronary artery diseases due to poor lifestyle choices. The report also predicts that Asia Pacific is also estimated to remain a promising market due to rising investment by players in this region and growing incidences of sudden cardiac arrest.
Key players operating in the global automated external defibrillators (AEDs) market are Shenzhen XFT, Philips, Beijing M&B Electronic, Zoll, Mindray, Physio-Control, Laerdal Medical, Instramed, Cardiac Science, Mediana, Nihon Kohden, Metrax GmbH, Schiller, Defibtech, HeartSine Technologies, and A.M.I. Italia. Mergers and acquisitions are expected to remain a growing trend amongst players to combat competition.
For Instance, In August 2019, Zoll Medical Corporation completed acquisition of Cardiac Science, a leading provider of automated external defibrillators (AEDs), accessories, and related services. Companies are adopting acquisition strategies to enhance their product and services to attain a higher revenue.