Defibrillators Market Report Forecasts the Impact of COVID-19 Pandemic on Business and Analysis by 2027
Global Defibrillators Market was valued at USD 9.7 billion in 2019 which is expected to reach USD 12.5 billion by 2027 at a CAGR 3.54%.
Defibrillators is a type of life saving device which is used to deliver a therapeutic shock to heart of a patient in life threatening conditions including cardiac arrhythmia, pulseless ventricular tachycardia, and ventricular fibrillation. Defibrillation process gives electric shock and depolarizes the heart muscles and maintains its standard electric impulse.
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Market Drivers
Growing geriatric population with elevated risk of various diseases is the major key driving factor which is expected to drive the growth of global defibrillators market. Also, increase in prevalence of cardiac disorders will have positive impact on global defibrillators market growth. Further, increase in technological advancement is expected to propel the global defibrillators market growth. For instance, in April 2019, Stryker had launched new defibrillators solution in United State which is named as LIFEPAK® CR2 defibrillator with LIFELINKcentral™ AED program manager. This is used to save more lives from cardiac arrest.
Market Restraints
However, stringent rules and regulations and high cost of defibrillators are the challenging factors which are expected to restraint the global defibrillators market growth.
Market Segmentation
Global Defibrillators Market is segmented into product such as Implantable Defibrillators (Cardiac Resynchronization Therapy-Defibrillator, Subcutaneous Implantable Cardioverter Defibrillator, and Transvenous Implantable Cardioverter Defibrillator), and External Defibrillators (Wearable Cardioverter Defibrillator, Automated External Defibrillator, and Manual External Defibrillator). Further, Global Defibrillators Market is segmented into end user such as Home, Hospitals, Public Access Market, Alternate Care Market, and Prehospitals.
Also, Global Defibrillators Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Market Taxonomy Â
By Product
- Implantable Defibrillators
- Cardiac Resynchronization Therapy-Defibrillator
- Subcutaneous Implantable Cardioverter Defibrillator
- Transvenous Implantable Cardioverter Defibrillator
- External Defibrillators
- Wearable Cardioverter Defibrillator
- Automated External Defibrillator
- Manual External Defibrillator
By End User
- Home
- Hospitals
- Public Access Market
- Alternate Care Market
- Prehospitals
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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