Defibrillators Market Expected Development, Share, Size, Demand

Market Analysis and Insights: Global Defibrillators Market

Defibrillators market is registering a substantial CAGR of 5.80% in the forecast period of 2019-2026. This rise in the market value can be attributed to the rising preferences for automated external defibrillators in pre-hospital settings.

Market Definition: Global Defibrillators Market

The defibrillator is an electrical tool that provides a dose of electrical current to the heart, depolarizing a critical mass of the heart muscle, ending dysrhythmia, and allowing the natural pacemaker of the body to restore ordinary sinus rhythm. These appliances play a vital role when a patient has a heart attack and has no pulse. In hospitals, clinics, & cardiovascular centers, and pre-hospital, these devices are commonly used.

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Competitive Analysis:

Global defibrillators market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of defibrillators market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers

  • Increasing cardiac diseases, are driving the growth of the market
  • Rising geriatric population, is helping to grow the market
  • Advancement in defibrillators technologies, owing the growth of the market
  • Rising awareness among people regarding public-access defibrillators, drives the growth of the market

Market Restraints

  • Demand for drugs over defibrillators, hinders the growth of the market
  • Lack of information about cardiac arrest, is restraining the growth of this market.
  • High prices of the devices, restrict the market growth

Segmentation: Global Defibrillators Market

By Product

  • Implantable Cardioverter Defibrillators
    • Transvenous Implantable Cardioverter Defibrillators
      • Biventricular ICDS/Cardiac Resynchronization Therapy Defibrillators
      • Dual-Chamber ICDS
      • Single-Chamber ICDs
    • Subcutaneous Implantable Cardioverter Defibrillators
  • External Defibrillators
    • Automated External Defibrillators
      • Semi-Automated External Defibrillators
      • Fully Automated External Defibrillators
    • Manual External Defibrillators
    • Wearable Cardioverter Defibrillators

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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Key Developments in the Market:

  • In April 2019, BIOTRONIK introduced Acticor DX and CRT-DX Defibrillators. The latest implantable cardioverter defibrillators (ICDs) and cardiac resynchronization treatment defibrillators (CRT-Ds) are now being treated by electrophysiologists across the United States. This advancement in technology will help the company to increase its revenue.
  • In April 2019, Stryker introduced LIFEPAK CR2 Defibrillator with LIFELINKcentral AED Program Manager in the U.S. The firm announced that the FDA has obtained Premarket Approval (PMA) from the LIFEPAK CR2 Automated External Defibrillator (AED). This allowance to the company by FDA will help as an expansion of its product portfolio.

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Key Market Competitors:

Few of the major market competitors currently working in the global defibrillators market are Medtronic, Abbott, Boston Scientific Corporation, Koninklijke Philips N.V., ZOLL Medical Corporation, Biotronik, Inc., Physio-Control, Inc., Cardiac Science Corporation, LivaNova PLC, NIHON KOHDEN CORPORATION, SCHILLER, Mindray DS USA, Inc., Medina, METRAX GmbH, FUKUDA DENSHI, Progetti srl, HeartSine Technologies LLC, Defibtech, LLC, Asahi Kasei Corporation, Stryker among others.

Research Methodology: Global Defibrillators Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others

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Defibrillators Market Expected Development, Share, Size, Demand