Defibrillator Market By Product Type, By End-User,By Geography – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019 – 2026

Global Defibrillator Market is expected to be valued at USD 15.3 billion by 2025, growing at a CAGR of 7.6% over forecast period 2020-2026. Factors like increasing prevalence of lifestyle diseases, innovation with regards to implantable devices that aim to increase the comfort level of patients and growing focus on providing public-access defibrillators are fueling the market growth.

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On a commercial scale, non-medical personnel are entitled to use defibrillators as a part of their routine job. For instance, fire service, flight attendants and defence personnel having trained for CPR can preferentially use defibrillators. The placing of defibrillators stands important in law enforcement vehicles, ambulances and fire engine vehicles. They are also placed in areas such as sports venues, airports, malls, hotels, school and doctor’s office. Depending on the population within a company, external defibrillators can also be placed in cafeterias, reception areas, lounge and corridors to assist in any emergency situations.

The survival rate for AED is around 71% as per scientific studies and medical professionals. Also, if applied effectively, survival rates can shoot up to 75% and more. As per the guidelines by American Heart Association (AHA), it emphasizes on giving AED within the first minute on detection of SCA.

Defibrillator Market Trends, Drivers and Opportunities:

The market is significantly driven by technological advances in the medical domain emphasizing on awareness programs for imparting training sessions to the workforce. Favourable reimbursement scenarios for cardiovascular diseases are more conducive towards building a strong market position. Extensive use of defibrillators in cases of cardiac arrests and a high preference for defibrillators is also instrumental in shaping the market growth throughout the forecast period. Trends such as extensive use of digital technology in capturing data and use of data analytics are likely to be witnessed across the global market. However, risks of infection at the surgical site and irregularity in delivering a particular therapy are some of the constraints witnessed in the market.