The report 'Global Automated External Defibrillator' Market by Analysis Type
(Fully automated External Defibrillators & Semi-automated External Defibrillators), By End User (Clinics, Hospitals, Home Care) and By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). With a market size of USD 650.07 Mn in 2020, the Global Automated External defibrillator Market Size will grow to USD 1596.38 Mn by 2030 with a CAGR of 9.4 %.
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Key Factors that are expediting the Market growth
Product innovation and technological advancements, cost-effective pricing, the increasing incidence of cardiovascular diseases, better healthcare infrastructure & higher technological advancements are some of the driving factors of the market.
By Type of Analysis Fully Automated Defibrillator ultrasound gel dominated the Market
By Type of Analysis, the Fully Automated Defibrillator segment is expected to lead the market due to its user-friendly technology and convenience.
By End-User, the Hospital segment showed sheer dominance.
The expansive demand for ICD implantation in hospitals is the reason for the growth of this segment during the installation of defibrillators in business workplaces is projected to enhance the prospects of market growth. As a result, more cardiac patients are received in hospitals, and surgeries are performed in hospital settings.
THE REGION OF NORTH AMERICA IS POISED TO DOMINATE THE MARKET
The high prevalence of cardiovascular disorders, increasing product approvals/launches, and growing adoption of expansion strategies by key market players were the reasons for the growth. As per AHA, around 50% of Americans suffer from some cardiovascular diseases (like coronary heart diseases and hypertension).
IMPORTANT MARKET PLAYERS:
The major players covered in the Global Automated External Defibrillator Market include Asahi Kasei Corporation, Koninklijke Philips NV, Nihon Kohden Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd, Schiller AG, Stryker Corporation, CU Medical System Inc., Mediana Co. Ltd, BPL Medical Technologies Pvt. Ltd, ViVest Medical, etc.
Recent Developments