According to the report by Expert Market Research (EMR), the global external defibrillator market growth reached a value of USD 3.53 billion in 2023. Aided by the rising demand for immediate emergency response solutions and the growing applications of external defibrillators across various sectors, the market is projected to further grow at a CAGR of 8.8% between 2024 and 2032 to reach a value of USD 7.51 billion by 2032.
External defibrillators are portable electronic devices designed to diagnose potentially life-threatening cardiac dysrhythmias and treat them through defibrillation, a procedure that allows the heart to re-establish an effective rhythm. They are paramount in cardiac arrest emergencies and can greatly increase the chances of survival if used promptly. Besides their primary function, external defibrillators also have monitoring capabilities, enhancing the evaluation and treatment of cardiac patients.
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The increasing global incidence of cardiovascular diseases (CVDs) is driving the global external defibrillator market growth. With an aging population and rising lifestyle diseases such as hypertension and diabetes, the prevalence of CVDs is growing, necessitating immediate response solutions like external defibrillators. The surge in demand for these devices is fuelled by growing public awareness about the critical role they play in increasing survival rates during cardiac emergencies.
The expanding application of external defibrillators across various sectors significantly contributes to the external defibrillator market growth. These devices are indispensable in healthcare facilities, sports arenas, schools, offices, public transport, and other public spaces due to their proven effectiveness in saving lives during cardiac emergencies.
The ongoing trend of integrating advanced technologies in medical devices is another factor fuelling the external defibrillator market expansion. Manufacturers are incorporating features like real-time CPR feedback, intuitive step-by-step voice prompts, and automated functions to make these devices more user-friendly and efficient. The growing emphasis on technologically enhanced medical devices has consequently enhanced the demand for sophisticated external defibrillators.
Furthermore, the development of innovative, lightweight, and portable defibrillators is fuelling market growth. Manufacturers are increasingly focusing on R&D to design defibrillators that are easy to use, even by non-medical personnel, to enable quick response during emergencies, broadening their appeal and utility.
Supportive government initiatives and regulations encouraging the installation of external defibrillators in public places also stimulate the external defibrillator market development. Government policies advocating for improved cardiac emergency response mechanisms are creating a conducive environment for the proliferation of external defibrillators.
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External Defibrillator Market Segmentation
The market can be divided based on product, end user, and region.
Market Breakup by Product
- Wearable Cardioverter Defibrillators
- Implantable Cardioverter Defibrillators
- Manual External Defibrillators
- Automated External Defibrillators
- Semi-Automated ED
- Fully Automated ED
Market Breakup by End User
- Pre-Hospital
- Public Access Market
- Hospital
- Home Healthcare
- Alternate
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global external defibrillator companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Koninklijke Philips N.V.
- Stryker Corporation
- ZOLL Medical Corporation
- Nihon Kohden Corporation
- Boston Scientific Corporation
- ProgettiSrl
- Schiller AG
- MS Westfalia GmbH
- AMI Italia
- Bexen Cardio
- Silverline Meditech Pvt. Ltd.
- Mediana Co., Ltd.
- Shenzhen Mindray Bio-Medical Electronics
- CU Medical Germany GmbH
- BPL Medical Technologies
- Dixion Vetrieb medizinischer Geräte GmbH
- Bioevopeak Co., Ltd.
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