Defibrillators Market to Reach a Valuation of USD 347.8 million by 2020

Posted by vakhas on December 4th, 2017

The Middle East and Africa defibrillators market consists of 3-4 major players. Almost each leading player is based outside the region and functions in the region with the help of distribution arrangements. A latest report by Transparency Market Research titled, “Defibrillators Market - Middle East and Africa Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast 2014 – 2020,”talks about the dynamic and fast-growing structure of the Middle East and Africa defibrillators market and offers a statistically driven market forecasts. Most of the leading companies in the global defibrillators market are eager to take advantage of the untapped market space in the Middle East and Africa by forming distribution agreements in the region, setting up local subsidiary, or establishing their own distribution network. The key players in the market mentioned are Welch Allyn Inc., Nihon Kohden Corporation, Schiller AG, HeastSine Technologies Inc., Physio-Control Inc., Zoll Medical Corporation, and Phillips Healthcare.

The MEA defibrillator is expected to grow at a CAGR of 7.60% between the aforementioned forecast period. The overall valuation of the defibrillator market in the Middle East and Africa is estimated to reach the valuation of US7.8 mn by the fall of 2020 according to the report.

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Voice Assistance in Regional Language and Other Features to Keep MEA Defibrillator Growth on Track

The report mentions that the Middle East and Africa defibrillators market is mainly driven by the increasing number of patients with chronic heart issues, especially the elderly population. The market of defibrillator in the MEA pertains to the sudden occurrence of cardiac arrest, the scenario in which the defibrillator is used. It functions by sending electric shocks – anywhere between 40 Joules to 400 Joules – across its surface, which checks cardiac arrhythmia and reinstates normal heartbeat. According to report, growing number of cases of sudden cardiac attacks in the Middle East and Africa are contributing significantly to the defibrillator market.

The defibrillator market in the Middle East and Africa is segmented further by major nations in the region such as United Arab Emirates, Saudi Arabia, Jordan, Qatar, Egypt, Algeria, and South Africa. In the recent past, the Middle East region was dominated by Saudi Arabia and UAE while the African market was led by South Africa. Overall improvements in the infrastructure of healthcare in these nations combined with rising awareness about the use of defibrillators at the time of cardiac arrests have boosted the demand for defibrillators. Qatar and Saudi Arabia are the fastest developing markets for defibrillators in the Middle East.

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The growth of the MEA defibrillator market is hampered mainly due to lack of significant customer base that is fluent in English. Due to majority of non-English speaking residents in the MEA region, the international companies in the global defibrillator market have found it hard to enter the MEA defibrillator market. However, these barriers are being presently mitigated with the help of voice assistance in regional languages, guidance for CPR, and other default features. These features in the modern instruments are expected to help the MEA defibrillator market to maintain its growth at a current rate.

Increasing Awareness about Treating Cardiac Arrests with AED to Proper Growth of Segment

The report mentions that the defibrillator market in the Middle East and Africa was dominated by advanced life support in the product type segmentation. However, it is expected that the automated external defibrillator (AED) segment will showcase the fastest growth rate in the mentioned forecast period. Using the AEDs for the first responder and rising number of incidences where defibrillators and life support is needed are driving the automated external defibrillator segment.

The automated external defibrillator segment is expected to develop even fast because of the AEDs by the Public Safety Department of UAE while installing first aid setups in government offices, malls, zoos, and other public areas.

Defibrillators Market on Track to  USD 347.8 million by 2020

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