Defibrillators Pads Market Report Covers Detailed Industry Scope, Future Market

Posted by vinit sawant on April 2nd, 2021

Market Highlights

 The global defibrillators pads market is majorly driven by the high prevalence of cardiovascular diseases, increasing advancement in surgeries, and growing penetration by market players. Additionally, factors such as initiatives taken by the government to increase the quality of healthcare, innovations in medical devices, and availability of skilled personnel are likely to spur the growth of the market.

However, factors such as high cost of defibrillators pads and their implantation procedures are likely to hinder the growth of the market. Likely, limited knowledge about defibrillators and sudden cardiac arrest issues are expected to turn as a challenge for the market.

The defibrillators pads market size is projected to register a CAGR of 5% during the forecast period. The defibrillation process is used as a treatment in ventricular fibrillation, pulseless ventricular tachycardia, and cardiac arrhythmia. A defibrillator is used for delivery of an electric shock to the heart that causes depolarization of the heart muscles and re-establishes normal conduction of the heart’s electrical impulse.

Regional Analysis

The Americas dominates the global defibrillators pads market owing to the increasing geriatric population, which leads to hypertension and metabolic disorders that trigger the occurrence of cardiovascular disorders. Additionally, increasing fast food chains, the rate of obesity issues, addiction to alcohol, and tobacco and drugs along with rising government initiatives for the research and development of innovative and advanced products are likely to enhance the growth of defibrillators pads in the North American region.

Europe accounts for the second largest market due to the increasing rate of cardiovascular disorders and established medical device market. Additionally, the increasing government support and increasing healthcare infrastructure along with the increasing per capita income of individuals are driving the growth of the defibrillators pads market in Europe.

For instance, Eurostat estimated that over 19.2% of the population in Europe was aged 65 and above. This increasing older population is likely to increase the rising patient population because of them being prone to cardiovascular diseases