Automated External Defibrillator Market: Forecast Report Offering Growth Prospects and Market Sizing to 2028

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Automated External Defibrillator Market Insights: A Growing Industry

According to the recent report by TechSci Research titled “Global Automated External Defibrillator Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028,” the Global Automated External Defibrillator Market reached a valuation of USD 3,215.2 million in 2022. Projections indicate a steady growth trajectory with a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period spanning from 2024 to 2028. This expansion is underpinned by various pivotal factors that include a rising prevalence of cardiac diseases, an increasing elderly population, and significant technological advancements in the field. This growth is further catalyzed by substantial investments from market players.

Browse over 26 market data Figures spread through 91 Pages and an in-depth TOC on “Global Automated External Defibrillator Market” – https://www.techsciresearch.com/report/automated-external-defibrillator-market/4457.html

Factors Driving Market Growth:

  • Increasing prevalence of cardiac diseases
  • Growing geriatric population
  • Notable technological advancements
  • Investments from market players
  • Adoption of advanced defibrillator devices
  • Rise in demand for quality medical care
  • Prevalence of Sudden Cardiac Arrest (SCA)

Expansion Opportunities and Market Propellants:

The market’s growth is further accentuated by strategies such as installing defibrillators in public spaces like offices, schools, shopping malls, grocery stores, and airports. Additionally, key market players are focusing on public access defibrillators and implementing global training and awareness programs. The constant innovation of next-generation external defibrillators is also expected to create promising opportunities. These advancements enhance safety and efficacy, playing a vital role in identifying and addressing device-related issues and improving industry capabilities. Defibrillators are crucial in tackling Sudden Cardiac Arrest (SCA), a life-threatening condition that stands as a leading global cause of mortality and can be successfully managed through early defibrillation.

Rising Prevalence and Demand in the UK:

The British Heart Foundation’s data from August 2022 reveals that over 7.6 million individuals in the United Kingdom were grappling with heart or circulatory diseases in 2021. The surging incidence of cardiovascular diseases has consequently led to an amplified demand for automated external defibrillators, acting as a key impetus for market growth throughout the projected timeframe.

Demand Surge from Cardiovascular Surgeries:

A surge in cardiovascular surgeries adds to the momentum, as reflected by the British Heart Foundation’s January 2022 data, indicating that around 284,000 individuals were awaiting critical heart operations and cardiac procedures by November 2021. This heightened need for surgical interventions reinforces the requirement for automated external defibrillators, thereby driving market expansion.

Technological Advancements and Government Support:

Technological progress and amplified government support are pivotal to market growth. A notable example is the collaboration between St John Ambulance Australia and Zoll Medical Australia, resulting in the launch of the St. John-branded public access defibrillator in Australia. This exemplifies a commitment to advancing Automated External Defibrillator (AED) technology.

Government Policies and Regulatory Backing:

Supportive policies from governments, regulatory bodies, and healthcare organizations are poised to drive growth. For instance, the Social Affairs Commission of the Chamber in Italy approved a law on AEDs in July 2021, allocating approximately 10 million EUR (around USD 11.36 million) for public access AED implementation over five years. In Australia, SA Ambulance Service (SAAS) recommends early defibrillator use, especially AEDs, to enhance survival chances.

Advancements in Device Technology:

Advancements have led to compact and user-friendly modern external defibrillators, minimizing maintenance efforts and increasing cost-effectiveness. In the U.S., AED prices range between USD 900 and 2,000. For instance, AED USA offers the Zoll AED Plus Fully Automatic defibrillators at USD 1,699 and the ZOLL AED three semi-automatic at USD 1,895. Manual external defibrillators span from USD 1,000 to 25,000. Noteworthy technological trends include personal AEDs for home use, drone-assisted cardiac arrest response, AED tracking solutions, and IoT integration.

Future Outlook and Potential Challenges:

The automated external defibrillators market is poised for robust expansion due to escalating cardiovascular disease burdens and continuous launches of advanced devices. Nevertheless, regulatory constraints and a lack of awareness regarding sudden cardiac arrest interventions might present obstacles to growth in the forthcoming years.

The Global Automated External Defibrillator Market is segmented into product type, patient type, end user, regional distribution, and company.

Based on product type, the fully automated external defibrillators market segment currently dominates the global external defibrillators market by product type and is projected to maintain its dominance during the forecast period. This can be attributed to the growing initiatives by major companies, increased adoption of defibrillators in healthcare facilities, and the implementation of various public access defibrillation programs. On the other hand, the wearable cardioverter defibrillator market segment is expected to experience significant growth in the forecast period due to the rising prevalence of cardiovascular disorders, the growing elderly population, and the user-friendly nature of this non-invasive device.

Based on region, North America segment is expected to grow during the forecast period.  North America has established a significant market share in the external defibrillators sector in 2021 and is projected to maintain its dominance throughout the forecast period. This can be attributed to the increasing installation of external defibrillators in hospitals as well as other public places such as hotels, schools, railway stations, highways, and more. On the other hand, Asia-Pacific is expected to exhibit the highest compound annual growth rate (CAGR) in the external defibrillators market, driven by the growing prevalence of cardiovascular diseases, rising disposable incomes in countries like India and China, escalating healthcare costs, and recent advancements in healthcare infrastructure.

Major companies operating in Global Automated External Defibrillator Market are:

  • Koninklijke Philips N.V.
  • Stryker
  • Zoll Medical Corporation
  • Nihon Kohden Corporation
  • ProgettiSrl
  • Schiller AG
  • MS Westfalia GmbH
  • Bexen Cardio
  • Silverline Meditech Pvt. Ltd.
  • Mediana Co., Ltd. 

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“The rise in the incidence of Sudden Cardiac Arrest, as well as the rise in the use of technologically improved defibrillators devices, are significant drivers driving the growth of the external defibrillators market. Furthermore, the increased emphasis on the installation of defibrillators in public locations, as well as the availability of defibrillators in workplaces, schools, shopping malls, grocery shops, and airports, drive market expansion. Furthermore, an increase in leading market players’ focus on public access defibrillators and an increase in the number of training and awareness programmes throughout the world are two factors driving the growth of the external defibrillators market. Furthermore, developments in the creation of next-generation external defibrillators to increase safety and efficacy are expected to provide attractive market prospects.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Global Automated External Defibrillator Market By Product Type (Manual External Defibrillator, Fully Automated External Defibrillator, Wearable Cardioverter Defibrillator), By Patient Type (Adult, Pediatric), By End User (Hospitals, Pre-Hospitals, Public Access Market, Alternate Care Market, Home), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Automated External Defibrillator Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Automated External Defibrillator Market.

Our Free Sample Report Consists of the following:

  • Comprehensive industry insights
  • Market trends and projections
  • Key player analysis
  • Technological advancements
  • Regulatory landscape

Key Questions Answered in This Report:

  • What is the projected growth rate of the automated external defibrillator market?
  • What are the driving factors contributing to market expansion?
  • How are technological advancements shaping the industry landscape?
  • What government policies and regulations are influencing market growth?
  • What are the emerging trends and future opportunities in the market?

 

Download Free Sample Report – https://www.techsciresearch.com/sample-report.aspx?cid=4457

 

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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