Defibrillators Market Overview
The total global market for the “Defibrillators Market” (SOFC) is expected to grow at a CAGR of 31.7% during the forecast period and is expected to reach US$ 13.84 Bn by 2029.
Defibrillators Market Report Scope and Research Methodology
The report covers market size with estimations and growth rates. To understand market penetration, competitive structure, pricing, and demand analysis, regional market analysis is carried out at the local, regional, and global levels. The bottom-up approach was used for Defibrillators market estimation. Data is collected using primary and secondary collection methods with qualitative and quantitative approaches. Primary data include surveys, questionnaires, and telephonic interviews with market experts, market leaders, and business owners. Secondary data was taken from annual reports, financial reports, government organizations’ sites, and white papers. Research tools like SWOT, PESTLE, and Porter were used for the Defibrillators Market analysis for the Micro and macro factors affecting the Defibrillators Market presented. Thus the report act as a guide for investors, stakeholders, and market followers of the market.
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Defibrillators 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 2022, 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 Regional Insights
The Asia-Pacific region Defibrillators market exhibits rapid growth potential, fueled by a burgeoning population, urbanization, and increasing adoption of modern technologies. Meanwhile, Latin America and Africa present emerging Defibrillators markets, marked by untapped opportunities, evolving consumer preferences, and a gradual shift towards digital transformation. In the Defibrillators market’s regional landscape, North America emerges as a dominant force. The region’s technological prowess, robust infrastructure, and high disposable income drive its market dominance. Europe follows closely, characterized by a mature market with a strong emphasis on sustainability and innovation.
Defibrillators Market Segmentation
by Type
1. Implantable cardioverter defibrillators
2. Transvenous implantable cardioverter defibrillators
3. Subcutaneous implantable cardioverter defibrillators
4. External defibrillators
5. Manual & semi-automated external defibrillators
6. Fully automated external defibrillators
7. Wearable cardioverter defibrillators
by Patient Type
1. Adult
2. Pediatrics
by End User
1. Hospitals, Clinics, and Cardiac centers
2. Pre-hospital care settings
3. Public access markets
4. Home care settings
5. Alternate care facilities
6. Other end users
Defibrillators Market Key Players
1. Medtronic
2. Stryker Corporation
3. Koninklijke Philips NV.
4. Asahi Kasei Corporation
5. Boston Scientific Corporation
6. Abbott
7. Nihon Kohden
8. MicroPort
9. BIOTRONIK
10. CU Medical Systems
11. METsis Medikal
12. Mediana Co. Ltd.
13. Mindray Medical International Ltd.
14. Progetti SRL – Medical Equipment Solutions
15. Schiller AG
16. BPL Medical Technologies
17. Metrax GmbH – PRIMEDIC
18. MS Westfalia GmbH
19. Bexen Cardio
20. Axion Medical Equipment Ltd.
21. Element Science Inc.
22. Avive Solutions Inc.
23. Jeevtronics Pvt. Ltd.
24. HeartHero Inc.
25. Shenzhen Comen Medical Instruments Ltd.
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