External Defibrillator Market Reach Significant CAGR Value Of 6.1% By 2028
New York City, NY: Sept 11, 2019 – Published via (Wired Release) – An automated external defibrillator (AED) is a lightweight, portable device that delivers an electric shock through the chest to the heart.
The first four-year cumulative revenue (2019–2022) is projected to be around US$ 0.23 Bn, which is expected to increase rather moderately over the latter part of the five-year forecast period. The global external defibrillator market is estimated to be valued at around US$ 0.05 Bn in 2019, and is expected to register a CAGR of 6.1%.
Global External Defibrillator Market: Market Dynamics
Increasing prevalence of cardiovascular diseases and technological advancement in medical technology are major factors expected to drive growth of the global market over the forecast period
In cardiovascular disorders, SCA is a major cause of death in younger population. Increasing awareness about the disease and rising demand for treatment of SCA is expected to support growth of the market over the forecast period. SCA is a condition in which the heart suddenly and unexpectedly stops beating. This is triggered by electrical malfunction in the heart that causes an irregular heartbeat. In which, the heart can’t send blood to the brain, lungs, and other organs.
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For instance, the Minnesota Department of Health and the American Heart Association-Minnesota (AHA) encouraged and promoted community awareness of potential for saving lives of sudden cardiac arrest victims by using CPR (cardiopulmonary resuscitation) and increased public access to defibrillation.
Global External Defibrillator Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global external defibrillator market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global external defibrillator market is expected to register a CAGR of 6.3% during the forecast period.
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Global External Defibrillator Market: Segmental Snapshot
The market report has been segmented on the basis of product type, end user, and region: The product type segment includes automated external defibrillators (AED), wearable cardioverter defibrillator (WCDs), and manual external defibrillators (MED). The end user segment includes hospital, prehospital, public access market, alternate care market, and home healthcare. The regions include the North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By product Type: the automated external defibrillators segment accounted for highest revenue share contribution in 2018, as compared to other product type segment. The automated external defibrillators segment is expected to register highest CAGR of over 6.0% between 2019 and 2027
By End user: The hospital segment accounted for highest revenue share contribution in 2018, as compared to other end user segment, and is expected to register highest CAGR of over 6.1% between 2019 and 2027
By Region: The market in Asia Pacific accounted for highest revenue share in the global external defibrillator market in 2018, and in expected to register a CAGR of over 6.3% between 2019 and 2027
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Global External Defibrillator Market: Competitive Analysis
The research report on the global external defibrillator market includes profiles of some of the major companies such as Cardiac Science Corporation, Koninklijke Philips N.V., Mindray Medical International Limited, LivaNova PLC, ZOLL Medical Corporation, Nihon Kohden Corporation, Schiller AG, and HeartSine Technologies LLC
The Global External Defibrillator Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017–2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global external defibrillator market for 2017–2027.
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