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Global Defibrillators Market - Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Defibrillators Market - Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 11.40 Billion
Diagram Market Size (Forecast Year) USD 18.60 Billion
Diagram CAGR %

Global Defibrillators Market, By Product (Implantable Cardioverter Defibrillators and External Defibrillators), End User (Hospitals, Clinics, and Cardiac Centres, Pre-Hospital Care Settings, Public Access Markets, Home Care Settings and Alternate Care Facilities), Patient Type (Adult, Pediatric) – Industry Trends and Forecast to 2029.

Market Analysis and Size

The market for defibrillators is estimated to increase rapidly over the forecast period owing to the rising prevalence of cardiovascular diseases. According to the World Health Organization, cardiovascular illnesses were the top cause of mortality in 2017, accounting for around 17.9 million deaths worldwide. This led to the introduction of defibrillators in this market. The defibrillation method entails administering an electric shock to the heart, which depolarizes the cardiac muscles and restores the heart's normal electric impulse. External defibrillators are life-saving medical devices that utilize paddles or electrode pads to deliver defibrillating shocks to identify and restore life-threatening irregular heart rhythms in the event of sudden cardiac arrest.  

  • Data Bridge Market Research analyses that the defibrillators market was valued at USD 11.4 billion in 2021 and is expected to reach USD 18.60 billion by 2029, and is likely to grow at a CAGR of 6.31% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Definition

In life-threatening diseases including ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia, a defibrillator is a medical device that administers a therapeutic shock to the patient's heart. It works by sending electric pulses or shockwaves to the heart to help restore a regular heartbeat. Automated external defibrillators (AEDs), manual/wearable external defibrillators, implantable cardioverter defibrillators (ICDs), and transvenous or subcutaneous implantable cardioverter defibrillators are some of the most prevalent types of defibrillators.

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Implantable Cardioverter Defibrillators and External Defibrillators), End User (Hospitals, Clinics, and Cardiac Centres, Pre-Hospital Care Settings, Public Access Markets, Home Care Settings and Alternate Care Facilities), Patient Type (Adult, Pediatric)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Medtronic (Ireland), Boston Scientific Corporation (US), Koninklijke Philips N.V. (Netherlands), Stryker (US), NIHON KOKEN KOGYO CO.,LTD. (Tokyo), ZOLL Medical Corporation (US), BIOTRONIK SE & Co KG (Germany), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Physio-Control, Inc. (US), LivaNova PLC (UK), Asahi Kasei Corporation (Japan), SCHILLER (Switzerland), MEDIANA Co., Ltd. (Korea), Me­trax GmbH (Germany), Abbott (US), FUKUDA DENSHI (Japan), Progetti srl (Italy), HeartSine Technologies LLC. (WA), Defibtech LLC (US)

Defibrillators Market Dynamics

Drivers

  • Increasing prevalence of cardiovascular diseases will drive the market's growth rate.

The increase in the prevalence of cardiovascular diseases will cushion the growth rate of defibrillators market. Cardiovascular disease (CVD) is the world's leading cause of mortality and disability. Lifestyle diseases including hypertension, obesity, dyslipidemia, and diabetes, are substantial risk factors for CVD, are also on the rise. High blood pressure levels have a significant linear link with the likelihood of developing CVDs.

  • Rising adoption of ICDs across healthcare centers will propel the growth rate of market during the forecast period. 

The global defibrillators market is being driven by the rising adoption of ICDs across healthcare centers. Modern ICDs are equipped with cutting-edge subcutaneous and transvenous patches that enhance the patient's overall efficiency and comfort.

Furthermore, the rising focus on providing public-access defibrillators will be a major factor influencing the growth of the defibrillators market. Along with this, increasing urbanization and rising geriatric population are the driving factors accelerating the growth of the defibrillators market. Also, the rise in the changing lifestyle and increasing expenditure on healthcare infrastructure are the major market drivers that will further escalate the growth of defibrillators' growth. Another significant factor that will cushion the defibrillators market's growth rate is the growing focus of manufacturers on the adoption of advanced technologies.

Opportunities

  • Growing number of R&D activities will boost many market opportunities during the forecast period. 

Moreover, the rising number of research and development activities will provide beneficial opportunities for the defibrillators market growth.

Moreover, rise in the number of training and awareness programs on defibrillators and increasing number of emerging markets will further provide beneficial opportunities for the defibrillators market growth during the forecast period.

Restraints/Challenges

  • Issues associated with the utilization of implantable and automated external defibrillators will hamper the market's growth rate.

However, issues associated with the utilization of implantable and automated external defibrillators will impede the defibrillators market's growth rate. In the defibrillator market, cybersecurity is a big risk. The current generation of implantable defibrillators has sophisticated technology that allows for remote data transfer. The FDA has expressed worry about these devices being hacked.

  • Frequent product recalls pose a major challenge for the growth of market during the forecast period.

A number of product recalls have occurred in recent years, primarily owing to electrical failure, connector compatibility concerns, and issues relating to specific defibrillators. The market for defibrillators is challenged by frequent product recalls.

On the other hand, the dearth of skilled professionals in under-developed nations will challenge the defibrillators market. Additionally, emergence of unfavorable conditions due to COVID-19 outbreak and lack of awareness about sudden cardiac arrest in developing nations will act as restrain and further impede the growth rate of market during the forecast period of 2022-2029.

This defibrillators market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the defibrillators market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Defibrillators Market

In 2020, the COVID-19 pandemic had a negative impact on the economy and posed numerous obstacles to clinical healthcare practitioners and patients all across the world. Logistical concerns, illness management, prioritizing patients with comorbidities and pre-existing disorders, and further protecting the public and hospital frontline staff from COVID-19 were the key challenges that healthcare systems around the world dealt with. The pandemic has also harmed hospitals' purchasing power, particularly small-scale institutions, which has cancelled or postponed supply transactions, reducing total revenue for all major competitors in the defibrillator industry. Furthermore, many people lost their employment and livelihoods as a result of the lockdowns, which had a significant impact on patient purchasing patterns. COVID-19 had an impact on numerous levels of the value chain, owing to the stringent lockdowns imposed by most governments. Due to newer packaging regulations and country-imposed lockout procedures, the turnaround time for products and services was also impacted. All of these problems have a negative impact on the defibrillator market's manufacturing and supply chain.

Global Defibrillators Market Scope

The defibrillators market is segmented on the basis of product type, end-user and patient type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Implantable Cardioverter Defibrillators
  • External Defibrillators

Based on product, the global defibrillators market has been segmented into implantable cardioverter defibrillators and external defibrillators. Implantable cardioverter defibrillators segment is sub-segmented into transvenous implantable cardioverter defibrillators and subcutaneous implantable cardioverter defibrillators. Transvenous implantable cardioverter defibrillators segment is further bifurcated into biventricular ICDS/cardiac resynchronization therapy defibrillators, dual-chamber ICDS and single-chamber ICDs. External defibrillators segment is sub-segmented into automated external defibrillators, manual external defibrillators and wearable cardioverter defibrillators. Automated external defibrillators segment is further bifurcated into semi-automated external defibrillators and fully automated external defibrillators.

End User

  • Hospitals
  • Clinics, and Cardiac Centres
  • Pre-Hospital Care Settings
  • Public Access Markets
  • Home Care Settings
  • Alternate Care Facilities

Based on the end user, the defibrillators market is segmented into hospitals, clinics, cardiac centres, pre-hospital care settings, public access markets, home care settings, and alternate care facilities.

Patient Type

  • Adult
  • Pediatric

The defibrillators market is also segmented on the basis of patient type into adult, and paediatric.

Defibrillators Market Regional Analysis/Insights

The defibrillators market is analysed and market size insights and trends are provided by country, product type, end-user and patient type as referenced above.

The countries covered in the defibrillators market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the defibrillators market because of the prevailing sophisticated level of healthcare facilities and rising expenditure for research and development activities in this region. Additionally, rising number of cases of cardiac diseases will flourish the market's growth rate in this region. 

Asia-Pacific is expected to grow during the forecast period due to the rising patient pool and surging awareness about public-access defibrillators in this region. Along with this, rising expenditure on healthcare infrastructure and increasing penetration of defibrillators will propel the market's growth rate in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The defibrillators market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for defibrillators market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the defibrillators market. The data is available for historic period 2010-2020.

Competitive Landscape and Defibrillators Market Share Analysis

The Defibrillators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to defibrillators market.

Some of the major players operating in the defibrillators market Medtronic (Ireland), Boston Scientific Corporation (US), Koninklijke Philips N.V. (Netherlands), Stryker (US), NIHON KOKEN KOGYO CO.,LTD. (Tokyo), ZOLL Medical Corporation (US), BIOTRONIK SE & Co KG (Germany), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Physio-Control, Inc. (US), LivaNova PLC (UK), Asahi Kasei Corporation (Japan), SCHILLER (Switzerland), MEDIANA Co., Ltd. (Korea), Me­trax GmbH (Germany), Abbott (US), FUKUDA DENSHI (Japan), Progetti srl (Italy), HeartSine Technologies LLC. (WA), and Defibtech LLC (US), among others.


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Market Value for Defibrillators Market in 2021 is USD 11.4 Billion.
The Defibrillators Market is to Grow at a CAGR of 6.31% During the Forecast Period of 2022 to 2029.
The expansion of the Global Defibrillators Market will be fueled by the rising focus on providing public-access defibrillators and rising number of geriatric population. Additionally, rising adoption of ICDs across healthcare centers and increase in prevalence of cardiovascular diseases will enhance the growth rate of Global Defibrillators Market.
Medtronic (Ireland), Boston Scientific Corporation (US), Koninklijke Philips N.V. (Netherlands), Stryker (US), NIHON KOKEN KOGYO CO., LTD. (Tokyo), ZOLL Medical Corporation (US), BIOTRONIK SE & Co KG (Germany), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China) are the major companies operating in this market.
The Countries Covered in the Defibrillators Market Report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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