External Defibrillator Market to Reach $5.2 Billion Globally by 2031 at a CAGR of 7.0%: Allied Market Research
Emphasis on the development of Public Access Defibrillator (PAD) by public and private organizations and increasing incidence of heart diseases is driving the growth of the global external defibrillator market.
PORTLAND, Oregon., June 1, 2022 /PRNewswire/ — Allied Market Research has released a report titled, “External Defibrillator Market by product type (manual external defibrillator, automated external defibrillator (AED), portable cardioverter defibrillator (WCD)), by end user (hospitals, pre-hospitals, public access market, alternative care market, home): analysis of Global Opportunities and Industry Forecast, 2021-2031.” According to the report, the global external defibrillator industry generated $2.7 billion in 2021, and should reach $5.2 billion by 2031, growing at a CAGR of 7.0% from 2022 to 2031.
Download a sample PDF at: https://www.alliedmarketresearch.com/request-sample/2109
Drivers, constraints and opportunities
The increasing attention paid to the development of the public access defibrillator (PAD) by public and private organizations, the increase in the number of key players who are developing advanced defibrillation devices and the increase in the incidence heart disease drive the growth of the global external defibrillator market. However, increasing pricing pressure on market players is restraining the growth of the market. On the other hand, increasing adoption of technologically advanced defibrillators, increasing demand for quality medical care, and increasing prevalence of Sudden Cardiac Arrest (SCA) present new opportunities in the coming years. come.
Demand for Public Access Defibrillators (PADs) has dropped significantly during the Covid-19 pandemic, due to government-imposed lockdown restrictions. These restrictions have prevented the movement of people in shopping malls, hotels and other public places.
Manufacturing activities of various types of defibrillators such as Automated External Defibrillators (AEDs) and Portable Automated Defibrillators (WCDs) have been hampered due to shortage of raw materials, disrupted supply chain and unavailability of the work force.
The Automated External Defibrillator (AED) Segment to Maintain Its Leading Status Throughout the Forecast Period
Based on product type, the automated external defibrillator (AED) segment contributed the highest market share in 2021, accounting for more than two-thirds of the global external defibrillator market, and is expected to maintain its leading status while throughout the forecast period. This is due to increased initiatives by large corporations, increased adoption of defibrillators in healthcare facilities, and the implementation of several public access defibrillation programs. However, the portable automatic defibrillator (WCD) segment is expected to experience the Highest CAGR of 12.9% from 2022 to 2031, due to increasing prevalence of cardiovascular disorders, increasing elderly population, and ease of use of non-invasive devices.
Specific requirement on COVID-19? Ask our industry expert: https://www.alliedmarketresearch.com/purchase-enquiry/2109
The hospital segment will continue its leading position during the forecast period
On an end-user basis, the hospital segment held the highest market share by revenue in 2021, accounting for more than half of the global external defibrillator market, and is expected to maintain its leading position over the course of the forecast period. This is due to the ever-increasing number of patients visiting hospitals, new strategies adopted by major manufacturers, and increasing adoption of various types of external defibrillators by hospitals. However, the alternative care segment is expected to register the fastest CAGR of 8.7% from 2022 to 2031. This is attributed to the increase in the installation of defibrillators in public places such as highways, shopping malls, hotels and others.
North America continue to dominate by 2031
Based on the region, North America accounted for the largest market share by revenue in 2021, holding more than two-fifths of the global external defibrillator market, and is expected to continue its dominance by 2031. This is attributed to the increase in the number of defibrillator installations external in hospitals as well as other public places such as schools, hotels, highways, railway stations and others. However, Asia Pacific is estimated to manifest the highest CAGR of 8.9% during the forecast period. This is due to the increase in the number of cardiovascular diseases, the increase in health care costs and the improvement of the health care infrastructure.
Main market players
Nihon Kohden Corporation
Asahi Kasei Society
Koninklijke Philips NV
CU Medical Germany GMBH
Mediana Co., Ltd.
Shenzhen Comen Medical Instruments Co.,Ltd.
General electricity company
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Avenue Basic Plan | Access to the library | 1 year subscription |
Sign up for the Avenue subscription to access over 12,000 company profiles and over 2,000 niche market research reports on $699 per month, per seat. For one year, the customer must purchase a minimum 2-seat plan.
14-day free trial request: https://www.alliedmarketresearch.com/avenue/trial/starter
“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your referenceconsidering the impact of Covid-19 on this market which will help you to assess the aftereffects of the pandemic on the short and long term growth trends of this market.”
Reports on trends in the healthcare industry (book now with 10% discount):
Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, OR. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan KumarCEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
UNITED STATES/Canada (Free): +1-800-792-5285, +1-503-894-6022
hong kong: +852-301-84916
India (Pune): +91-20-66346060
The Web: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow us on LinkedIn: https://www.linkedin.com/showcase/life-sciences-industry-research/
SOURCE Allied Market Research