Defibrillators Market was worth USD 11.4 billion in 2021 and is poised to reach a valuation of USD 26.23 billion by 2030, registering a CAGR of 9.7% over the forecast period of 2022-2030.
Defibrillators are medical devices that provide an electric pulse or shock to the heart to restore a regular heartbeat. They’re used to prevent or treat arrhythmias, which are irregular heartbeats that are either too rapid or too slow. External defibrillators are portable, life-saving devices used to treat a variety of heart disorders, including cardiac arrest, which is a medical condition in which the heart abruptly and unexpectedly stops beating. The majority of these are automated or semi-automatic. Due to the rising prevalence of heart-related illnesses such as arrhythmias, bradycardia, and hypertension, which can lead to a heart attack, the need for external defibrillators is increasing.
Defibrillators are devices that send an electric pulse to the heart in order to normalise an irregular heartbeat. They’re mostly used to prevent arrhythmia, or an irregular heartbeat. Implantable and external defibrillators are the two most prevalent types of defibrillators.
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Global Defibrillators Market: Segmentations
By Key Players
- Abbott
- Boston Scientific Corporation
- BIOTRONIK SE & Co. KG
- MicroPort Scientific Corporation
- Koninklijke Philips N.V.
- Stryker Corporation
- ZOLL Medical Corporation (Asahi Kasei)
- Nihon Kohden Corporation
- Schiller AG
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
- LivaNova PLC
By Product:
- Implantable Defibrillators
- Transvenous Implantable Cardioverter Defibrillator (T-ICDs)
- Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs)
- Cardiac Resynchronization Therapy- Defibrillator (CRT-D)
- External Defibrillators
- Manual External Defibrillator
- Automated External Defibrillator (AEDs)
- Wearable Cardioverter Defibrillator (WCDs)
By Patient Type:
- Adult
- Pediatrics
By End User:
- Hospitals
- Clinics and Cardiac centers
- Pre-hospital care settings
- Public access markets
- Home care settings
- Alternate care facilities
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Table Of Contents (TOC)
- Introduction and Market Overview
- Executive Summary
- Trends, Outlook, and Factors Analysis
- Estimates & Historic Trend Analysis (2018 to 2021)
- Estimates & Forecast Trend Analysis, by Deployment
- Estimates & Forecast Trend Analysis, by Component
- Estimates & Forecast Trend Analysis, by Content Type
- Estimates & Forecast Trend Analysis, by End Use
- Global Defibrillators Market Analysis and Forecast, by Region
- North America Defibrillators Market: Estimates & Forecast Trend Analysis
- Europe Defibrillators Market: Estimates & Forecast Trend Analysis
- Asia Pacific Defibrillators Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Defibrillators Market: Estimates & Forecast Trend Analysis
- Latin America Defibrillators Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
COVID-19 Impact on the global defibrillator market
In 2020, the COVID-19 pandemic had a negative impact on the economy and posed numerous obstacles to clinical healthcare practitioners and patients all across the world. Logistical concerns, illness management, prioritising patients with comorbidities and pre-existing disorders, and further protecting the public and hospital frontline staff from COVID-19 are all key challenges that healthcare systems around the world are dealing with.
The pandemic has also harmed hospitals’ purchasing power, particularly small-scale institutions, resulting in supply arrangements being cancelled or postponed, reducing total revenue for all major competitors in the defibrillator industry. Furthermore, many people lost their employment and livelihoods as a result of the lockdowns, which had a significant impact on patient purchasing patterns.
Many COVID patients had arrhythmias, but in-hospital defibrillator facilities saved their lives.
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