Global Defibrillators Market Analysis by Product, Patient Type, End-User, Region and segments forecast till 2033
Market Overview
The global defibrillators market was worth USD 11,400 million in 2022 and is poised to reach a valuation of USD 26,230 million by 2033, registering a CAGR of 9.7% over the forecast period of 2023-2033.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 11,400 million |
Market Forecast in 2033 | USD 26,230 million |
CAGR % 2023-2033 | 9.7% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Abbott, Boston Scientific Corporation, BIOTRONIK SE & Co. KG, MicroPort Scientific Corporation, Koninklijke Philips N.V., Stryker Corporation, ZOLL Medical Corporation (Asahi Kasei), Nihon Kohden Corporation, Schiller AG, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., LivaNova PLC, and Medtronic Inc. |
Global Defibrillators Market- Description
Defibrillators are referred to as devices that are used for transmitting electric pulse to the heart so as to regularize abnormal heartbeat. They are predominantly used to prevent arrhythmia which causes uneven heartbeat. The most commonly used defibrillator types are implantable and external. Growing pervasiveness of cardiac disorders, increasing healthcare expenditure, and surging technological advancements in the field are positively swaying the dynamics of this marketplace. Furthermore, increase in geriatric populace, escalating demand for quality medical care, and rise in the number of awareness programs pertaining to the use and benefits of defibrillators are adding momentum to the industry awareness.
Also, growing R&D investments in the field and rising focus of manufacturers to develop highly innovative and efficient defibrillators are augmenting the overall market outlook. On the contrary, lack of proper healthcare infrastructure across various regions and dearth of favourable medical reimbursement policies are impeding the remuneration scope of this industry vertical.
Global Defibrillators Market: Key Trends
· Rising Prevalence Of Cardiac Disorders To Aid Market Expansion:
There has been a steep rise in the pervasiveness of cardiac ailments. This is powered by factors such as unhealthy eating habits, sedentary lifestyle, hectic work schedule, weight issues, and many more. Sudden heart attacks and instances of arrhythmia has become quite common in today era. This is turn is escalating the demand for defibrillators across the globe.
· Emergence Of The COVID-19 Outbreak To Augment Industry Outlook:
The sudden outbreak of the COVID-19 pandemic had a positive influence on the trends of this market place. With rising infection rates, government across the globe shifted their focus towards the enhancement of healthcare infrastructure. Moreover, people having cardiac issues were at high risks since coronavirus is known to harshly affect the lungs and heart. This led to prompt surge in the occurrences of COVID-19 induced heart attacks, necessitating the use of defibrillators across the globe.
Global Defibrillators Market: Segmental Analysis
By Product:
• Implantable Defibrillators
o Transvenous Implantable Cardioverter Defibrillator (T-ICDs)
o Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs)
o Cardiac Resynchronization Therapy- Defibrillator (CRT-D)
• External Defibrillators
o Manual External Defibrillator
o Automated External Defibrillator (AEDs)
o Wearable Cardioverter Defibrillator (WCDs)
The implantable defibrillators segment is slated to garner significant returns over the stipulated timeline. This is ascribed to the growing pervasiveness of chronic cardiac disorders and technological advancements in healthcare devices sector.
By Patient Type:
• Adult
• Pediatrics
The adult segment is expected to capture a substantial revenue share over 2022-2030. This is attributable to the growing cardiac arrest rates among the adult population.
By End User:
• Hospitals
• Clinics and Cardiac centers
• Pre-hospital care settings
• Public access markets
• Home care settings
• Alternate care facilities
The hospital segment is predicted to grow considerably over the esteemed time period owing to the availability of skilled technicians and doctors to treat the patients admitted with cardiac disorders.
Global Defibrillators Market: Geographical Ambit
The major regions constituting the geographical terrain of this industry sphere are North America, Middle East & Africa, Europe, Latin America, and Asia Pacific. Among these, Asia Pacific is poised to record exponential growth. This is credited to the growing incidences of cardiovascular disorders, developments in healthcare infrastructure, and rise in geriatric population.
Global Defibrillators Market- Recent Developments
· Notably, in August 2019, ZOLL Medical Corporation announced the acquisition of Cardiac Science Corporation to boost its product portfolio.
Global Defibrillators Market: Key Companies
· Abbott
· Boston Scientific Corporation
· BIOTRONIK SE & Co. KG
· MicroPort Scientific Corporation
· Koninklijke Philips N.V.
· Stryker Corporation
· ZOLL Medical Corporation (Asahi Kasei)
· Nihon Kohden Corporation
· Schiller AG
· Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
· LivaNova PLC
· Medtronic Inc
· Others
Global Defibrillators Market: Regional Scope
North America
· U.S.
· Canada
· Mexico
Europe
· U.K.
· Germany
· France
· Italy
· Spain
· Rest of Europe
Asia Pacific
· China
· India
· Japan
· South Korea
· Australia
· Rest of Asia Pacific
South America
· Brazil
· Argentina
· Rest of South America
Middle East and Africa
· Saudi Arabia
· UAE
· Egypt
· South Africa
· Rest of Middle East and Africa
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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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