Market Research Report
Global Defibrillator Market - Analysis By Product Type (Implantable, External), Patient Age, End User, By Region, By Country (2020 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)
|Global Defibrillator Market - Analysis By Product Type (Implantable, External), Patient Age, End User, By Region, By Country (2020 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)|
Published: September 30, 2020
Content info: 190 Pages
Delivery time: 2-3 business days
According to Azoth Analytics research report, the Global Defibrillator Market is projected to display significant growth represented by a CAGR of 3.59% during 2020 - 2025. The Global Defibrillator Market was valued at USD 10.71 Billion in the year 2019 with North America leading the regional market share. The major factors that will facilitate the growth of defibrillators market are the low penetration rates of automated external defibrillators (AED) in the emerging markets of China and India and also the government's push to make AEDs accessible to general public.
The Defibrillator market is expected to grow on the back of growing geriatric population and an increased prevalence of cardiovascular disease among young population. Technology advancement and ease of using a Defibrillator will leave a positive impact on their demand and help to bring down death rate in case of sudden cardiac arrest.
Under the product type, Implantable Defibrillator is witnessing rising demand with growing awareness among people about role of defibrillator in reducing the mortality rate during sudden cardiac arrest. These factors will boost the demand for implantable defibrillator in the forecast period.
Under the End-user segment, Health Care Units are expected to account for the largest market share with the demand for installation of Automatic External Defibrillator in public place expected to witness rapid growth as the government allows a layman to use defibrillator in order to save the life of a person suffering from sudden cardiac arrest.