Global Defibrillators Market Industry analysis and forecast (2019-2027)

Posted by rahul on March 23rd, 2021

Global Defibrillators Market is expected to reach US$ XX Bn by 2027 at a CAGR of 5.5 % during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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The defibrillator is an electrical device that delivers a dose of electric current to the heart, this depolarizes a critical mass of the heart muscle, terminates the dysrhythmia, and allows normal sinus rhythm to be reestablished by the body’s natural pacemaker. These devices play a crucial role when a patient is experiencing a cardiac emergency and has no pulse. These devices are widely used in hospitals, clinics, & cardiac centers, and pre-hospital.

Rising incidences of cardiac diseases, rapid growth in the aging population, technological advancements in defibrillators, and increasing awareness about public-access defibrillators, would create commercial market opportunities. Defibrillators market is growing at a very fast pace because of rising cardiovascular diseases, this is one of the most important factors in the growth of the market. However, the preference of drugs over defibrillators, strict FDA regulations and low awareness regarding defibrillators in the underdeveloped market are the major hindrances of the defibrillator's market growth. On the other hand, the development of new MRI labeled devices and growing healthcare expenditure in the APAC region may act as an opportunity in the growth of the market.

According to the product, the Implantable Cardioverter Defibrillators (ICDs) segment is expected to be the fastest-growing segment on account of increasing health consciousness and the adoption of advanced technology.

Among the end-user segment, hospitals, clinics, and cardiac centers are considered attractive market segment and are expected to hold a significant share of the market in the coming years along with growth can be attributed to factors such as rising adoption of technology advancement.

Regions-wise, the North America region is expected to grow at the highest CAGR of XX% during the forecast period thanks to an increased incidence of cardiovascular diseases, supportive government policies, favorable reimbursement schemes, increasing awareness, and an increase in training programs. Also, the APAC region is expected to grow at the highest CAGR of XX% during the forecast period thanks to increasing awareness and accessibility of these devices. In addition, the increasing prevalence of cardiovascular diseases in this region also supports the growth of this segment.

In the defibrillators market, Medtronic holds the leadership position thanks to production capacity growth, brand portfolio expansion, mergers, collaborations, and acquisitions. Over the past three years, the company has adopted new product launches, product enhancements, and geographic expansion as its crucial business plans to certify its dominance in the defibrillators market.

The objective of the report is to present a comprehensive analysis of the Global Defibrillators Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Defibrillators Market dynamics, structure by analyzing the market segments and project the Global Defibrillators Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Defibrillators Market make the report investor’s guide.

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The Scope of the Global Defibrillators Market: Inquire before buying

Global Defibrillators Market, By Product

• Implantable Cardioverter Defibrillators (ICDs)
• Transvenous Implantable Cardioverter Defibrillators (T-ICDs)
• Biventricular ICDs/Cardiac Resynchronization Therapy Defibrillators (CRT-Ds)
• Dual-chamber ICDs
• Single-chamber ICDs
• Subcutaneous Implantable Cardioverter Defibrillators (S-ICDs)
• External Defibrillators
• Automated External Defibrillators (AEDs)
• Semi-automated External Defibrillators
• Fully Automated External Defibrillators
• Manual External Defibrillators
• Wearable Cardioverter Defibrillators (WCDs)
Global Defibrillators Market, By End User

• Hospitals, Clinics, and Cardiac Centers
• Pre-Hospital Care Settings
• Public Access Markets
• Home Care Settings
• Alternate Care Facilities
Global Defibrillators Market, by region

• North America
• Europe
• Latin America
Key Players of the Global Defibrillators Market:

• Medtronic
• St. Jude Medical
• Boston Scientific
• Philips
• ZOLL Medical Corporation
• Cardiac Science Corporation
• ZOLL Medical Corporation
• Medtronic PLC
• LivaNova PLC
• Physio-Control, Inc.

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Joined: February 3rd, 2021
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