Defibrillators Market Market – Key Trends, Key Drivers, Mergers and Acquisitions and Competitive Landscape.
Defibrillators Market size was valued at USD 10.28 Bn. in 2021 and the total Defibrillators revenue is expected to grow at a CAGR of 8.7% from 2022 to 2029, reaching nearly USD 20.04 Bn.
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Defibrillators Market Market Overview:
A defibrillator is a medical device that delivers therapeutic shocks to a patient’s heart in life-threatening disorders such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia. The defibrillation method involves administering an electric shock to the heart, which depolarizes the cardiac muscles and restores the heart’s normal electric impulse. External defibrillators are life-saving medical devices that utilize paddles or electrode pads to deliver defibrillating shocks to identify and repair life-threatening irregular heart rhythms in the event of a sudden cardiac arrest.
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Defibrillators Market Market Dynamics:
Cardiovascular disease (CVD) is a major cause of morbidity and mortality across the globe. Globally, 17.9 million CVD deaths were reported in 2019, accounting for 32% of all fatalities. Low- and middle-income nations account for more than 75% of CVD mortality. In 2018, there were over 390,000 abrupt cardiac arrests in the United States alone. Around 65% of CVD fatalities occur in those aged 75 and older, 29% in people aged 55-74, and 6% in people aged 35-54 in the United States. As a result, there is a greater need for defibrillators, which help save the lives of individuals who are at high risk of cardiac arrest.
Defibrillators Market Market Segment:
The public-access segment held a substantial market share of the market in 2021 and this segment is expected to grow at a CAGR of 7.1% during the forecast period. The increasing prevalence of sudden cardiac arrests (SCAs) is a primary driver of this end-user segment’s growth. In addition, increased measures to enhance the availability of public access AEDs, train staff, and improve response to sudden cardiac arrest episodes drive market growth. According to Global Times, major tourist cities, first-tier cities, and coastal regions in China have begun expedited AED deployment since 2019. Hangzhou was also the first city in China to make AEDs available at airports, metro stations, police enforcement vehicles, ships, and other public areas.
Regional Analysis:
The five primary geographical regions of the Defibrillators Market market are North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Research methodology:
- To estimate and validate the size of the worldwide Defibrillators Market market, top-down and bottom-up methods are utilized. Players carefully adhere to the company’s multiple classification requirements in order to compile a long list of notable and active players. Following a thorough validation process, the businesses that are most pertinent to the market under evaluation are selected.
- Priority lists are compiled using commercial databases like Factiva, Bloomberg, and others and are arranged according to the revenue produced in the most recent quarter.
- In addition, depending on the principal target groups, the questionnaire was specifically developed to meet all standards for capturing primary data in an appointment-only way. This makes it easier for us to collect information on a range of issues, such as player earnings, operating expenses, profitability margins, and the growth of different goods and services. Around 70-80% of the data are verified before use using a variety of secondary sources, including the World Bank, associations, company websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and more.
Defibrillators Market Market Key players:
• CU Medical Systems
• METsis Medikal
• Mediana Co. Ltd.
• Mindray Medical International Ltd.
• Progetti SRL – Medical Equipment Solutions
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