Defibrillators Market Growth, Analysis, Regional Outlook and Forecast to 2024
Posted by Yash Chauhan on March 19th, 2019
The global defibrillators market is growing at a significant rate, due to technological improvement, and mounting occurrence of target diseases. The market has witnessed a high demand for implantable cardioverter defibrillators over the last few years due to technologically innovative devices, escalating adoption of cardiac resynchronization therapy defibrillators (CRT-Ds) and escalating occurrence of cardiovascular diseases.
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Growing demand for automated external defibrillators in the prehospital setting, boosting pricing pressure on market players and expanding the number of mergers and acquisitions among market players are the major trends observed in the defibrillators market.
The escalating occurrence of target diseases, mounting training and wakefulness programs on the defibrillator, and mounting focus on providing public-access defibrillators are the primary growth drivers for defibrillators market. The mounting occurrence of lifestyle associated diseases such as cardiovascular diseases is fueling the growth of the market.
North America is the largest defibrillators market as in the region the prevalence of cardiovascular disease is escalating.
Expanding geriatric population, mounting training and wakefulness programs, reassuring government guidelines, mounting healthcare expenditure, developed beneficial reimbursement schemes, and technological improvement and product launches are also up surging growth of the North American defibrillators market.
Asia-Pacific is observed to witness the fastest growth in the market, as the region comprises of large population base and mounting geriatric population.
Key players in the defibrillators market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.
Medtronic Plc., Cardiac Science, St. Jude Medical, Nihon Kohden, Boston Scientific, Philips, Biotronik, Zoll Medical, Physio-Control, Livanova, and Schiller are the key players offering defibrillators.
Source: VynZ Research
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About the AuthorYash Chauhan
Joined: February 25th, 2019
Articles Posted: 106
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