Defibrillators are used to restore normal heartbeat by sending controlled electric pulse to the heart. These devices are used to correct an arrhythmia. There are different types of defibrillators, such as implantable and external defibrillators. Defibrillators work on the principle of electrical shock transfer to the chest area of the patient. This induces impulses to the heart membrane, which stabilizes cardiac rhythm. Defibrillator is also considered as an effective resuscitation tool in emergency medical services.
Market Dynamics
High incidence of cardiac disorders along with increasing technological advancements, product launches, and healthcare expenditure are major factors driving the global defibrillators market growth. For instance in 2019, according to the Center for Medicare and Medicaid Services' report, the national healthcare expenditure is projected to increase by 4.8% in 2019, up from 4.4% in 2021, to reach US$ 3.8 trillion in the U.S.
Furthermore, key players in the market are focused on adopting growth strategies such as mergers and acquisitions and product development to expand their product portfolio, which is expected to drive the market growth. For instance, in June 2019, Koninklijke Philips N.V. received U.S. Food and Drug Administration (FDA) premarket approvals for automated external defibrillators, HeartStart OnSite defibrillator and HeartStart Home defibrillator.
Key features of the study:
- This report provides in-depth analysis of the defibrillators market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022 - 2028), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy adopted by key players
- It profiles key players in the global defibrillators market based on the following parameters - company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
- Key companies covered as a part of this study include, Koninklijke Philips N.V., Metrax GmbH, Mindray Medical International Limited, Boston Scientific Corporation, GE Healthcare, Nihon Kohden, Abbott, BIOTRONIK, and LivaNova PLC
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
- The global defibrillators market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global defibrillators market
Detailed Segmentation:
- Global Defibrillators Market, By Product Type:
- Implantable Cardioverter Defibrillators
- Single Chamber Implantable Cardioverter Defibrillators
- Dual Chamber Implantable Cardioverter Defibrillators
- External Defibrillators
- Manual External Defibrillators
- Automated External Defibrillators
- Wearable Cardioverter Defibrillators
- Global Defibrillators Market, By End User:
- Hospitals
- Cardiac Clinics
- Ambulatory Surgical Centers
- Global Defibrillators Market, By Region:
- North America
- By Product Type:
- Implantable Cardioverter Defibrillators
- Single Chamber Implantable Cardioverter Defibrillators
- Dual Chamber Implantable Cardioverter Defibrillators
- External Defibrillators
- Manual External Defibrillators
- Automated External Defibrillators
- Wearable Cardioverter Defibrillators
- By End User:
- Hospitals
- Cardiac Clinics
- Ambulatory Surgical Centers
- By Country:
- U.S.
- Canada
- Latin America
- By Product Type:
- Implantable Cardioverter Defibrillators
- Single Chamber Implantable Cardioverter Defibrillators
- Dual Chamber Implantable Cardioverter Defibrillators
- External Defibrillators
- Manual External Defibrillators
- Automated External Defibrillators
- Wearable Cardioverter Defibrillators
- By End User:
- Hospitals
- Cardiac Clinics
- Ambulatory Surgical Centers
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Product Type:
- Implantable Cardioverter Defibrillators
- Single Chamber Implantable Cardioverter Defibrillators
- Dual Chamber Implantable Cardioverter Defibrillators
- External Defibrillators
- Manual External Defibrillators
- Automated External Defibrillators
- Wearable Cardioverter Defibrillators
- By End User:
- Hospitals
- Cardiac Clinics
- Ambulatory Surgical Centers
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Product Type:
- Implantable Cardioverter Defibrillators
- Single Chamber Implantable Cardioverter Defibrillators
- Dual Chamber Implantable Cardioverter Defibrillators
- External Defibrillators
- Manual External Defibrillators
- Automated External Defibrillators
- Wearable Cardioverter Defibrillators
- By End User:
- Hospitals
- Cardiac Clinics
- Ambulatory Surgical Centers
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Product Type:
- Implantable Cardioverter Defibrillators
- Single Chamber Implantable Cardioverter Defibrillators
- Dual Chamber Implantable Cardioverter Defibrillators
- External Defibrillators
- Manual External Defibrillators
- Automated External Defibrillators
- Wearable Cardioverter Defibrillators
- By End User:
- Hospitals
- Cardiac Clinics
- Ambulatory Surgical Centers
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Product Type:
- Implantable Cardioverter Defibrillators
- Single Chamber Implantable Cardioverter Defibrillators
- Dual Chamber Implantable Cardioverter Defibrillators
- External Defibrillators
- Manual External Defibrillators
- Automated External Defibrillators
- Wearable Cardioverter Defibrillators
- By End User:
- Hospitals
- Cardiac Clinics
- Ambulatory Surgical Centers
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- Company Profiles
- Koninklijke Philips N.V.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Highlights
- Market Strategies
- Metrax GmbH
- Medtronic
- Mindray Medical International Limited
- Boston Scientific Corporation
- GE Healthcare
- Nihon Kohden
- Abbott
- BIOTRONIK
- Stryker
- LivaNova PLC
"*" marked represents similar segmentation in other categories in the respective section.