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Global Defibrillators Market Analysis by Product (Implantable and External Defibrillators), By Patient Type (Adult and Paediatrics), By End User (Hospitals, Clinics and Cardiac Centres, Pre-Hospital Care Settings, Public Access Markets, Home Care Settings, And Alternate Care Facilities) and by Region: Global Forecast, 2024 - 2034

  • PUBLISHED ON
  • 2024-01-30
  • NO OF PAGES
  • 231
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview

The Defibrillators market is predicted to develop at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2034, when it is projected to reach USD 18.04 Billion, based on an average growth pattern. The market is estimated to reach a value of USD 8.05 Billion in 2024.


 

SOURCE: We Market Research

Defibrillators are medical devices used to treat life-threatening heart arrhythmias, such as ventricular fibrillation and pulseless ventricular tachycardia. They deliver an electric shock to the heart to restore a normal rhythm. There are several types: Automated External Defibrillators (AEDs) for public use, Manual Defibrillators for professional use in hospitals, Implantable Cardioverter Defibrillators (ICDs) surgically implanted for high-risk patients, and Wearable Cardioverter Defibrillators (WCDs) worn by patients at risk of sudden cardiac arrest. AEDs are portable and guide users with instructions, making them accessible in public places. Defibrillation is essential for increasing survival rates in cardiac emergencies.

There are multiple factors driving the defibrillator market. The need for defibrillators is driven by the ageing population and the increased prevalence of cardiovascular illnesses. These gadgets are now more portable and user-friendly thanks to technological developments. Automated External Defibrillators (AEDs) are installed in public spaces with the help of government initiatives and funding, which propels market growth. Higher adoption rates are the result of raising awareness and providing CPR and AED usage training. Furthermore, enhanced healthcare infrastructure, particularly in developing nations, bolsters the market growth for defibrillators. Combined, these factors increase the demand for and accessibility to defibrillators, strengthening their use in emergency cardiac care. 

Market Scope

Report Attributes

Description

Market Size in 2024

USD 8.05 Billion

Market Forecast in 2034

USD 18.04 Billion

CAGR % 2024-2034

8.4%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2034

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Product, By Patient Type, By End User and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

 

Defibrillators Industry: Dynamics & Restrains


 Market opportunity:


 

 We Market Research: Defibrillators Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.


Defibrillators Segmentation

Market- By Product Analysis

By Product, the Defibrillators Market is Categories into Implantable and External Defibrillators. The Implantable segment accounts for the largest share of around 68% in 2024.


The driver of the implantable defibrillators subsegment is increasing prevalence of cardiovascular diseases, technological advancements enhancing device efficacy and longevity, and rising adoption due to improved patient outcomes and quality of life, especially among high-risk individuals prone to sudden cardiac arrest.

The following segments are part of an in-depth analysis of the global Defibrillators market:

Market Segments

 

By   Patient Type

·         Adult

·         Paediatrics

By  End User

·         Hospitals

·         Clinics and Cardiac Centres

·         Pre-Hospital Care Settings

·         Public Access Markets

·         Home Care Settings

·         Alternate Care Facilities

 

Defibrillators Industry: Regional Analysis

North America Market Forecast

North America dominate the Defibrillators Market with the highest revenue generating market with share of more than 47%. North America holds a significant share in the defibrillators market due to advanced healthcare infrastructure, high healthcare spending, and increasing prevalence of cardiovascular diseases. The presence of major market players and technological advancements further drive market growth in this region.


Europe Market Statistics

Europe is another prominent region in the defibrillators market, characterized by a growing elderly population susceptible to cardiac conditions. Government initiatives for public access defibrillation (PAD) programs and increasing awareness about sudden cardiac arrest (SCA) contribute to market expansion.

Asia Pacific Market Forecasts

Asia Pacific is expected to be the fastest-growing regional segment of the Defibrillators market during the forecast period. The Asia Pacific region is witnessing rapid growth in the defibrillators market attributed to improving healthcare facilities, rising disposable incomes, and increasing adoption of advanced medical technologies. Countries like China, India, and Japan are key contributors due to large patient pools and expanding healthcare infrastructure.

Key Market Players

The Defibrillators Market is dominated by a few large companies, such as

·         Koninklijke Philips N.V.

·         Boston Scientific Corporation

·         Stryker

·         Nihon Kohden Corporation

·         ZOLL Medical Corporation

·         BIOTRONIK SE & Co. KG

·         Medtronic

·         Abbott Laboratories

·         MicroPort Scientific Corporation

·         Other


1. Global Defibrillators Market Introduction and Market Overview

1.1. Objective of the Market Research Study

1.2. Defibrillators Market Definition & Description

1.3. Research Data Parameters & Reporting Timelines

1.3.1. Historical Data Reporting Years – 2020 to 2021

1.3.2. Projected Data Reporting Years – 2022 to 2033

1.3.3. Reporting Data Parameters – Value (US$ Million)

1.4. Global Defibrillators Market Scope and Market Estimation

1.4.1. Global Defibrillators Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)

1.4.2. Global Defibrillators Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033

1.5. Global Defibrillators Market Segmentation

1.5.1. Product of Global Defibrillators Market

1.5.2. Patient Type of Global Defibrillators Market

1.5.3. End User of Global Defibrillators Market

1.5.4. Key Regions of Global Defibrillators Market

 

2. Global Defibrillators Market - Executive Summary

2.1. Global Defibrillators Market – Summary & Snapshot

2.2. Global Defibrillators Market, By Product (US$ Million)

2.3. Global Defibrillators Market, By Patient Type (US$ Million)

2.4. Global Defibrillators Market, By End User (US$ Million)

2.5. Global Defibrillators Market, By Geography (US$ Million)

2.6. Global Defibrillators Market Outlook & Future Opportunities

 

3. Defibrillators Market Trends, Outlook, and Factors Analysis

3.1. Global Defibrillators Market Industry Development Trends under COVID-19 Outbreak

3.1.1. Global COVID-19 Status Overview

3.1.2. Influence of COVID-19 Outbreak on Global Defibrillators Market Industry Development

3.1.3. Pre & Post COVID-19 Trends and Scenarios

3.2. Defibrillators Market Dynamics (Growth Impacting Factors & Rationales)

3.2.1. Drivers

3.2.1.1. Rising prevalence of target diseases

3.2.1.2. Growing focus on providing public-access defibrillators

3.2.2. Restraints

3.2.2.1. Issues related to the use of implantable and automated external defibrillators

3.2.3. Opportunities

3.2.3.1. Emerging markets

3.2.3.2. Development of S-ICDs and MRI-compatible ICDs & CRT-Ds

3.2.4. Impact Analysis of Drivers and Restraints

3.3. Ecosystem/ Value Chain Analysis

3.4. Porter’s Five Forces Analysis

3.5. SWOT Analysis

3.6. PEST Analysis

3.7. Average Selling Prices and Pricing Trends Analysis of Defibrillators Market

3.8. Technological Roadmap

3.9. Key Investment Pockets of Defibrillators Market

3.9.1. By Product

3.9.2. By Patient Type

3.9.3. By End User

3.9.4. By Regions

 

4. Global Defibrillators Market: Estimates & Historic Trend Analysis (2020 to 2021)

4.1. Global Defibrillators Market, 2020 – 2021 (US$ Million)

4.2. Global Defibrillators Market, By Product, 2020 to 2021 (US$ Million)

4.3. Global Defibrillators Market, By Patient Type, 2020 to 2021 (US$ Million)

4.4. Global Defibrillators Market, By End User, 2020 to 2021 (US$ Million)

4.5. Global Defibrillators Market, By Region, 2020 to 2021 (US$ Million)

 

5. Global Defibrillators Market Estimates & Forecast Trend Analysis, by Product

5.1. Global Defibrillators Market Share (%) Estimates and Forecasts, by Product, 2022 & 2033

5.2. Global Defibrillators Market Revenue (US$ Million) Estimates and Forecasts, by Product, 2022 to 2033

5.2.1. Implantable Defibrillators

5.2.1.1. Transvenous Implantable Cardioverter Defibrillator (T-ICDs)

5.2.1.2. Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs)

5.2.1.3. Cardiac Resynchronization Therapy- Defibrillator (CRT-D)

5.2.2. External Defibrillators

5.2.2.1. Manual External Defibrillator

5.2.2.2. Automated External Defibrillator (AEDs)

5.2.2.3. Wearable Cardioverter Defibrillator (WCDs)

 

6. Global Defibrillators Market Estimates & Forecast Trend Analysis, by Patient Type

6.1. Global Defibrillators Market Share (%) Estimates and Forecasts, by Patient Type, 2022 & 2033

6.2. Global Defibrillators Market Revenue (US$ Million) Estimates and Forecasts, by Patient Type, 2022 to 2033

6.2.1. Adult

6.2.2. Pediatrics

 

7. Global Defibrillators Market Estimates & Forecast Trend Analysis, by End User

7.1. Global Defibrillators Market Share (%) Estimates and Forecasts, by End User, 2022 & 2033

7.2. Global Defibrillators Market Revenue (US$ Million) Estimates and Forecasts, by End User, 2022 to 2033

7.2.1. Hospitals, Clinics and Cardiac centers

7.2.2. Pre-hospital care settings

7.2.3. Public access markets

7.2.4. Home care settings

7.2.5. Alternate care facilities

7.2.6. Other

 

8. Global Defibrillators Market Analysis and Forecast, by Region

8.1. Global Defibrillators Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033

8.2. Global Defibrillators Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033

8.2.1. North America

8.2.2. Europe

8.2.3. Asia Pacific

8.2.4. Middle East and Africa

8.2.5. Latin America

 

9. North America Defibrillators Market: Estimates & Forecast Trend Analysis

9.1. North America Defibrillators Market Assessments & Key Findings

9.2. North America Defibrillators Market Share (%) Estimates and Forecasts, 2022 & 2033

9.3. North America Defibrillators Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

9.3.1. By Product Type

9.3.2. By Patient Type

9.3.3. By End User

9.3.4. By Major Country

9.3.4.1. The U.S.

9.3.4.2. Canada

 

10. Europe Defibrillators Market: Estimates & Forecast Trend Analysis

10.1. Europe Defibrillators Market Assessments & Key Findings

10.2. Europe Defibrillators Market Share (%) Estimates and Forecasts, 2022 & 2033

10.3. Europe Defibrillators Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

10.3.1. By Product Type

10.3.2. By Patient Type

10.3.3. By End User

10.3.4. By Major Country

10.3.4.1. Germany

10.3.4.2. The U.K.

10.3.4.3. France

10.3.4.4. Italy

10.3.4.5. Spain

10.3.4.6. Rest of Europe (includes all other European countries)

 

11. Asia Pacific Defibrillators Market: Estimates & Forecast Trend Analysis

11.1. Asia Pacific Defibrillators Market Assessments & Key Findings

11.2. Asia Pacific Defibrillators Market Share (%) Estimates and Forecasts, 2022 & 2033

11.3. Asia Pacific Defibrillators Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

11.3.1. By Product Type

11.3.2. By Patient Type

11.3.3. By End User

11.3.4. By Major Country

11.3.4.1. China

11.3.4.2. Japan

11.3.4.3. India

11.3.4.4. ASEAN

11.3.4.5. South Korea

11.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)

 

12. Middle East & Africa Defibrillators Market: Estimates & Forecast Trend Analysis

12.1. Middle East & Africa Defibrillators Market Assessments & Key Findings

12.2. Middle East & Africa Defibrillators Market Share (%) Estimates and Forecasts, 2022 & 2033

12.3. Middle East & Africa Defibrillators Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

12.3.1. By Product Type

12.3.2. By Patient Type

12.3.3. By End User

12.3.4. By Major Country

12.3.4.1. GCC

12.3.4.2. South Africa

12.3.4.3. Egypt

12.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)

 

13. Latin America Defibrillators Market: Estimates & Forecast Trend Analysis

13.1. Latin America Market Assessments & Key Findings

13.2. Latin America Defibrillators Market Share (%) Estimates and Forecasts, 2022 & 2033

13.3. Latin America Defibrillators Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

13.3.1. By Product Type

13.3.2. By Patient Type

13.3.3. By End User

13.3.4. By Major Country

13.3.4.1. Brazil

13.3.4.2. Mexico

13.3.4.3. Rest of Latin America (includes all other Latin America countries)

 

14. Competitive Landscape

14.1. Defibrillators Market Revenue Share Analysis (%), by Major Players (2021)

14.2. Defibrillators Market Competition Matrix, by Leading Players

14.3. Defibrillators List of Emerging, Prominent and Leading Players

14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.

 

15. Company Profiles

15.1. Medtronic Inc.

15.1.1. Company Overview & Insights

15.1.2. Financial Performance

15.1.3. Product / Service Portfolio

15.1.4. Geographical Footprint & Share

15.1.5. Strategic Initiatives & Key Developments

*Similar details would be provided for all the players mentioned below

15.2. Abbott

15.3. Boston Scientific Corporation

15.4. BIOTRONIK SE & Co. KG

15.5. MicroPort Scientific Corporation

15.6. Koninklijke Philips N.V.

15.7. Stryker Corporation

15.8. ZOLL Medical Corporation (Asahi Kasei)

15.9. Nihon Kohden Corporation

15.10. Schiller AG

15.11. Shenzhen Mindray Bio-Medical Electronics Co. Ltd.

15.12. LivaNova PLC

15.13. Others

 

16. Assumptions and Research Methodology

16.1. Data Mining

16.2. Secondary Research

16.3. Primary Research

16.4. Subject Matter Expert Advice

16.5. Quality Check

16.6. Final Review

16.7. Data Triangulation

16.8. Bottom-Up Approach

16.9. Top Down Approach

16.10. Research Flow

16.11. Key Insights from Industry Experts

16.12. Data Sources

16.13. Assumptions

16.14. Limitations

 

17. Conclusions and Recommendations

17.1. Key Research Findings and Conclusion

17.2. Key Insights & Recommendations from Analysts

 

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Market Research Process




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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

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Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Defibrillators Market in 2024?

Defibrillators Market was valued at USD 8.05 Billion in 2024.

What is the growth rate for the Defibrillators Market?

Defibrillators Market size will increase at approximate CAGR of 8.4% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Defibrillators Market Are Koninklijke Philips N.V., Boston Scientific Corporation, Stryker, Nihon Kohden Corporation , ZOLL Medical Corporation, BIOTRONIK SE & Co. KG, Medtronic, Abbott Laboratories, MicroPort Scientific Corporation and Others.

Which region dominates the Defibrillators Market?

North America dominates the market with an active share of 47%.

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