External defibrillators are medical devices designed to deliver an electric shock to the heart in order to restore its regular rhythm during critical episodes of abnormal heart rhythms, particularly ventricular fibrillation (VF) or pulseless ventricular tachycardia (VT). These instruments are specifically created for use outside of hospital settings, enabling individuals without extensive medical knowledge to use them. They usually consist of a portable device equipped with adhesive electrode pads that are placed on the chest of a person experiencing sudden cardiac arrest (SCA).
How Big is the Global External Defibrillators Market?
The global external defibrillators market size reached US$ 3.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.02% during 2023-2028.
Global External Defibrillators Market Trends:
The global demand for external defibrillators is on the rise due to various factors. One of the main reasons is the increasing occurrence of sudden cardiac arrest (SCA) among individuals who lead sedentary lifestyles, consume higher amounts of alcohol, and have unhealthy eating habits. This trend has created a need for external defibrillators to help save lives in such emergency situations.
Another contributing factor is the expanding elderly population, as they are more vulnerable to medical conditions like SCA. With improvements in healthcare infrastructure, there is a positive outlook for the market as more resources are available to address these cardiac events effectively.
Furthermore, the utilization of external defibrillators is on the rise in public spaces such as sports venues, shopping malls, airports, aircraft, businesses, convention centers, hotels, schools, and offices. This trend is driven by the recognition of the importance of immediate access to defibrillation in critical situations. As a result, the market is experiencing growth due to the increasing demand for defibrillators in these locations.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Manual External Defibrillator
- Automated External Defibrillator
- Semi-Automated External Defibrillator
- Fully Automated Defibrillator
- Wearable Cardioverter Defibrillator
Breakup by End User:
- Public Access Market
- Alternate Care Market
- Home Healthcare
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
BPL Medical Technologies Private Limited, corpuls, CU Medical Germany GmbH, Defibtech LLC, Koninklijke Philips N.V., MEDIANA Co. Ltd., Nihon Kohden Corporation, Schiller AG, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Stryker Corporation and ZOLL Medical Corporation (Asahi Kasei Corporation)
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