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Global Market Insights add New Global External Defibrillators Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.
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External Defibrillators Market Expected to Witness High Growth over the Forecast Period 2023 - 2032
Industry Insights • External Defibrillators Market size is set to expand at 7.4% CAGR from 2023-2032 driven by the increasing emphasis on early defibrillation in emergency medical services and healthcare facilities. • The growing attention to reducing response times, enhancing prehospital care, and improving patient outcomes is surging the adoption of portable and user-friendly defibrillation devices in emergency medical settings. • Furthermore, the ongoing advancements in defibrillator technology, including the development of automated external defibrillators (AEDs) with advanced features and smart functionalities for improved device usability and efficacy will contribute to market growth. • For instance, in January 2023, Avive Solutions received pre-market approval from the U.S. FDA for Avive AEDTM, its innovative AED with advanced features, such as cellular, WiFi, GPS, and Bluetooth connection.
Based on product, the wearable external cardioverter defibrillators market is foreseen to gain significant traction between 2023 and 2032 attributed to their ability to provide continuous cardiac monitoring and prompt defibrillation therapy. • The non-invasive and wearable designs coupled with the portability and user-friendly operations offered by wearable external cardioverter defibrillators is spurring their application in clinical and non-clinical settings. • Based on end-use, the external defibrillators industry from the prehospital care segment is likely to depict considerable growth from 2023-2032. • The thriving need for prompt defibrillation in prehospital settings, including ambulances, emergency medical services, and first responder units is surging the demand for portable and user-friendly external defibrillators. • Additionally, the increasing focus on improving patient outcomes, reducing response times, and enhancing emergency medical care is further contributing to the increasing product adoption in prehospital cardiac care and management.
Regional Analysis • Asia Pacific external defibrillators industry is estimated to witness robust growth through 2032. This is driven by the increasing prevalence of cardiovascular diseases, expanding geriatric population base, and the rising awareness of cardiac emergency management in the region. Moreover, the supportive regulatory policies, the government initiatives for promoting public awareness about sudden cardiac arrest management, and mandates for defibrillator installation in public spaces is driving the regional market growth. • Competitive Analysis • Abbott Laboratories, Inc. • Boston Scientific Corporation • Koninklijke Philips • Stryker Corporation • Medtronic plc • LivaNova PLC • Asahi Kasei Corporation (ZOLL Medical Corporation)
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