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Defibrillators Market

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Defibrillation is a technique that is considered as a definitive treatment of cardiac arrests and arrhythmias.
Defibrillators Market - Trends, Analysis and
Forecast till 2026
Defibrillator is an essential tool in cardiopulmonary resuscitation indicated in cardiac
arrhythmia. Various advancements have been observed in defibrillator technology – from
manual to automated ones, and implantable defibrillators to ensure constant care for patients
suffering from ischemic heart disease or those at high risk of cardiac arrest. A Global
Resuscitation Alliance (GRA) was formed in 2016, comprising international health organizations,
global resuscitation leaders, and the American Heart Association (AHA), with an objective to
increase the survival rate of patients with sudden cardiac arrest, by 50%. This alliance actively
works towards increasing public awareness about defibrillators and has facilitated the
installation of automated defibrillators in public places for use in case of related medical
emergencies. Training initiatives such as by-stander PCR training by manufacturers would
considerably contribute towards improvement in survival rates, while enhancing brand visibility.
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Onboard emergency medical cases lead to major losses to airlines. Emirates handled more than
60 flight diversions in 2016 due to medical emergency and it is estimated that a single
diversion could lead to losses ranging from US$ 50,000 to US$ 600,000. The airline therefore
decided to set standards for emergency medical care in 2016 and have invested US$ 7 million
for installing medical equipment on board which also include defibrillators.
Market Dynamics
Heart related disorders such as cardiac arrhythmias and sudden cardiac arrests are
common globally due to drastic lifestyle changes and unhealthy eating habits. The
abovementioned factors are precursors for cardiac disorders, which can gradually
deteriorate heart health. Furthermore, rising number of cardiovascular disorders are
expected to support the market for defibrillators over the forecast period. Also, rise in
elderly population in various regions is projected to underpin the defibrillator market in
the near future. Furthermore, the companies involved in the manufacture of such
devices are actively promoting their products by installing automated external
defibrillators in various public places across the U.S. and U.K. for use in emergency
situations. This has significantly improved public understanding about such products and
enhanced visibility of specific brands. This is a major factor projected to support growth
of the defibrillator market in the near future.
Report includes chapters which deeply display the following deliverable about industry :
• Defibrillators Market Research Objective and Assumption
• Defibrillators Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Defibrillators Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals,
Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Defibrillators Market , By Regions
• Defibrillators Market Competition by Manufacturers including Production, Share, Revenue,
Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Defibrillators Market Manufacturers Profiles/Analysis including Company Basic Information,
Manufacturing Base and Its Competitors.
• Defibrillators Market Manufacturing Cost Analysis including Key Raw Materials and Key
Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Defibrillators Market Forecast including Production, Consumption, Import and Export Forecast
by Type, Applications and Region.
• Research Findings and Conclusion
Market Taxonomy
This report segments the global defibrillators market on the basis of product type, end user,
and geography. On the basis of product type, the market is categorized into implantable
cardioverter defibrillator, external defibrillator. The implantable cardioverter defibrillator
segment is further segmented into two main divisions such as single chamber implantable
cardioverter defibrillator and dual chamber implantable cardioverter defibrillator. Furthermore,
the external defibrillator is also further divided into three more segments such as manual
external defibrillator, automated external defibrillator and wearable cardioverter defibrillator. On
the basis of end user, the market is segmented into hospitals, public access, emergency medical
services Homecare settings and work spaces. For comprehensive understanding of market
dynamics, the global defibrillators market is analyzed across key geographical regions namely
North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these
regions is analyzed on basis of market findings across major countries in these regions for a
macro-level understanding of the market.
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Increasing demand for portable devices due to low survival rates among cardiac arrest patients
is expected to drive growth of the global defibrillators market
According to a report by the Institute of Medicine in 2015, around 600 thousand people in the
U.S. suffer from cardiac arrest annually, with over 65% of the cases in out-of-hospital settings.
The survival rate of out-of-hospital setting is less than 6%, while it is 24% in hospital settings.
The survival rate in out-of-hospital setting is less due to consumer’s lack of operational
knowledge about defibrillators and about carrying out CPR. Therefore, various training
initiatives associated with the use of defibrillators and CPR techniques has led to increasing
demand for defibrillators, especially the automated ones, thereby driving growth of the market.
Individuals and staffs in malls were given training on how to use defibrillators by the UAE
government, who deployed defibrillators in the country. According to the American Heart
Association, lack of availability of trained/skilled by-stander at the emergency site is the major
factor for less survival rate of patients who suffer from sudden cardiac arrest by 7% - 10% with
every minute of delay until defibrillation. Therefore, initiatives to increase awareness and
accessibility to the device is expected to fuel the defibrillators market growth.
Key companies covered as a part of this study include Medtronic, St. Jude Medical, Koninklijke
Philips N.V., Schiller AG, Cardioline SpA, Mindray Medical, ZOLL Medical Corporation, Boston
Scientific Corporation, GE Healthcare and Bexen Cardio
About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering actionready syndicated research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
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Author
Alex Huge
Alex Huge201   document Email
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