Defibrillators Market: size was valued at USD 11.17 Bn. in 2022 and the total Defibrillators revenue is expected to grow at a CAGR of 8.7% from 2023 to 2029, reaching nearly USD 20.03 Bn.
Defibrillators Market Overview:
A defibrillator is a medical device that delivers therapeutic shocks to a patient’s heart in life-threatening disorders such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia. The defibrillation method involves administering an electric shock to the heart, which depolarizes the cardiac muscles and restores the heart’s normal electric impulse.
The purpose of this report is to provide a thorough examination of the Defibrillators Market by segments and geographics. The study goes into great detail on the primary factors influencing the Defibrillators market’s growth. The study also offers a comprehensive analysis of the market’s value chain.
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Market Scope:
The “Global Defibrillators Market Analysis” is a detailed investigation of the Defibrillators market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Defibrillators market as well as detailed market segmentation by application, end-use, and geography. The Defibrillators market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading Defibrillators players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the Defibrillators market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Defibrillators market was calculated using the revenue of significant enterprises.
Segmentation:
With the largest market share in 2022, the hospitals, clinics, and cardiac centres sector led the defibrillators market. At the end of the projected period, this segment is anticipated to continue to rule. The bulk of implanted cardioverter defibrillator (ICD) procedures are carried out at medical facilities such hospitals, clinics, and cardiac centres. Intensive care units (ICUs), critical care units (CCUs), and emergency rooms frequently have defibrillators on hand.
ICDs, manual external defibrillators, and AEDs are the most frequently used defibrillators in these hospitals. Despite the fact that manual defibrillators are preferred and frequently used in hospitals, the use of AEDs in clinical settings is quickly expanding. Early defibrillation and decreased response times have increased the need for AEDs at these hospitals.
Other noteworthy variables influencing the growth of this end-user category are the high number of cardiac implant surgeries and the accessibility of reimbursements across advanced economies. The American Heart Association estimates that 10,000 ICD procedures are carried out each month in only the United States. Comparably, in England, the overall rate of ICD implants increased from 66 per million persons in 2012 to 72 per million in 2014. This end-user segment’s sizeable share is mostly due to the development of advanced ICDs and CRT-Ds, as well as the sizeable number of ICD and CRT-D implant surgeries performed in hospitals, clinics, and cardiac centres.
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Key Players:
The major players covered in the Defibrillators market report are
• Medtronic
• Stryker Corporation
• Koninklijke Philips NV.
• Asahi Kasei Corporation
• Boston Scientific Corporation
• Abbott
• Nihon Kohden
• MicroPort
• BIOTRONIK
• CU Medical Systems
• METsis Medikal
• Mediana Co. Ltd.
• Mindray Medical International Ltd.
• Progetti SRL – Medical Equipment Solutions
• Schiller AG
• BPL Medical Technologies
• Metrax GmbH – PRIMEDIC
• MS Westfalia GmbH
• Bexen Cardio
• Axion Medical Equipment Ltd.
• Element Science Inc.
• Avive Solutions Inc.
• Jeevtronics Pvt. Ltd.
• HeartHero Inc.
• Shenzhen Comen Medical Instruments Ltd.
Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Defibrillators Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Defibrillators market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Defibrillators industry,
Key Questions Answered in the Defibrillators Market Report are:
- Which segment grabbed the largest share in the Defibrillators market?
- What was the competitive scenario of the Defibrillators market in 2021?
- Which are the key factors responsible for the Defibrillators market growth?
- Which region held the maximum share in the Defibrillators market in 2021?