Cardiology Defibrillators Devices Market - Forecast(2022

Description

Cardiology Defibrillators Devices Market size is estimated to reach $11.7 Bn by 2027, growing at a CAGR of 3.8% during the forecast period 2022-2027. An implantable cardioverter-defibrillator (ICD) is a small battery-powered device placed in chest to monitor the heart rate and detect irregular heartbeats. Cardiac disorders have emerged as the major cause of death, and rising awareness among consumers about advanced defibrillators Devices around the globe is driving the Cardiology Defibrillators Devices Market during the forecast period 2022-2027.

Cardiology Defibrillators Devices Market Report Coverage

The report: "Cardiology Defibrillators Devices Market - Forecast (2022-2027)", by IndustryARC covers an in-depth analysis of the following segments of the Cardiology Defibrillators Devices Market.

By type of Devices: Implantable Cardioverter Defibrillator (ICDs), External Defibrillator, Wearable Cardioverter Defibrillator (WCDs), Advanced Life Support Units and others.

By End-User Industry: Hospitals, Institutes, Pre-hospital Care Settings, Ambulatory Surgery Centre and Others

By Geography: North America, Europe, Asia-Pacific and Rest of the World.

Key Takeaways

Geographically, North America is anticipated to dominate the global Cardiology Defibrillators Devices Market accounted the highest revenue share in 2019. Owing to the growing prevalence of Cardiac ailments, hypertension, diabetes, atherosclerosis, obesity and others in the region.

Factors such as rising awareness about the lifesaving potential of AEDs among consumers are likely to aid in the market growth of Cardiology Defibrillators Devices.

Detailed analysis of the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Cardiology Defibrillators Devices Market report.

Cardiology Defibrillators Devices Market Segment Analysis - By Type of Devices

Based on Type of Devices, the Cardiology Defibrillators Devices Market is segmented into Implantable Cardioverter Defibrillator (ICDs), External Defibrillator, Wearable Cardioverter Defibrillator (WCDs), Advanced Life Support Units and others. The Implantable Cardioverter Defibrillator (ICDs) holds the major share in 2019. This is owing to the rising adoption of ICD devices and the growing prevalence of cardiac diseases is resulting in high adoption of these devices. However, The External Defibrillator is set to be the fastest growing with a CAGR of 4.12% during the forecast period 2022-2027. This is owing to the rise in the technological advancements in defibrillators and an increase in investments from private players.

Cardiology Defibrillators Devices Market Segment Analysis - By End User Type

Based on End-user type the Cardiology Defibrillators Devices Market is segmented into Hospitals, Institutes, Pre-hospital Care Settings, Ambulatory Surgery Centre and Others. The Hospitals segment held major share in 2019. This is owing to increasing number of cardiovascular and raising geriatric population all over the globe. However, pre-hospital care market is set to be the fastest-growing CAGR during the forecast period 2022-2027.this is owing to surge in number of hospitals and higher usage of defibrillators within pre- hospitals care.

Cardiology Defibrillators Devices Market Segment Analysis - By Geography

Based on Geography, Cardiology Defibrillators Devices Market is segmented into North America, Europe, Asia-Pacific and Rest of the World. The North America region dominated the Cardiology Defibrillators Devices Market in 2019 with a share of 38.1%. This is owing to the rising prevalence of cardiac ailments, which is the second leading cause of death in the region. Europe is set to be the fastest-growing CAGR during the forecast period 2022-2027. This is owing to rising adoption of ICD devices. Growing prevalence of cardiac diseases is resulting in high adoption of these devices in the region.

Cardiology Defibrillators Devices Market Drivers

Increase in the demand for Wearable cardioverter defibrillators Devices.

Wearable cardioverter defibrillators devices have became widely accepted, as this device can be employed in condition where patient is waiting for implantable, owing to surgical contraindication and this device prevents the risk of cardiac arrest. Apart from these numerous technological advances in the wearable devices scheduled to happen in future for instance decreasing the weight and size further to make it more comfortable for the patient improvement in signal to reduce the event of inappropriate detections and shocks.

Cardiology Defibrillators Devices Market Challenges

The main challenge for Cardiology Defibrillators Devices Market is, the key restrictive factors for market growth are lack of awareness of consumers regarding sudden cardiac arrest (SCA), and practice of Cardiology Defibrillators Devices during emergency cases. Furthermore, increasing pricing is creating pressure on patients to seek advanced Cardiology Defibrillators Devices, which reduce the potential growth of Cardiology Defibrillators Devices Market.

Cardiology Defibrillators Devices MarketIndustry Outlook

Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in the Cardiology Defibrillators Devices Market. Cardiology Defibrillators Devices Market top 10 companies include Heartsine Technologies, Inc., Physio-Control, Inc., Sorin Group, Nihon Kohden Corporation, Medtronic, Inc., Zoll Medical Corporation, Laerdal Medical Corporation, Cardiac Science Corporation, Biotronik, BPL Medical Technologies and among others.

Cardiology Defibrillators Devices Market Developments:

In June 2019, Zoll Medical Corporation acquired Cardiac Science Corporation (CSC), a leading provider of automated external defibrillators (AEDs) and strengthened the company's portfolio by resourcing next-generation innovations.

Product Code: HCR 0061

1. Cardiology Defibrillators Devices Market - Overview

1.1. Definitions and Scope

2. Cardiology Defibrillators Devices Market - Executive summary

2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography

3. Cardiology Defibrillators Devices Market

3.1. Comparative analysis
- 3.1.1. Product Benchmarking - Top 10 companies
- 3.1.2. Top 5 Financials Analysis
- 3.1.3. Market Value split by Top 10 companies
- 3.1.4. Patent Analysis - Top 10 companies
- 3.1.5. Pricing Analysis

4. Cardiology Defibrillators Devices Market Forces

4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
- 4.4.1. Bargaining power of suppliers
- 4.4.2. Bargaining powers of customers
- 4.4.3. Threat of new entrants
- 4.4.4. Rivalry among existing players
- 4.4.5. Threat of substitutes

5. Cardiology Defibrillators Devices Market - Strategic analysis

5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share

6. Cardiology Defibrillators Devices Market - By Type of Surgical Approach (Market Size -$Million / $Billion)

6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
- 6.3.1. Open-Heart Surgery
- 6.3.2. Minimally Invasive Heart Surgery

7. Cardiology Defibrillators Devices Market - By type of Devices (Market Size -$Million / $Billion)

7.1. Implantable Cardioverter Defibrillator (ICDs)
- 7.1.1. Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs)
- 7.1.2. Transvenous Implantable Cardioverter Defibrillator (T-ICDs)
  - 7.1.2.1. Dual-chamber ICDs
  - 7.1.2.2. Single-chamber ICDs
7.2. External Defibrillator
- 7.2.1. Manual External Defibrillator
- 7.2.2. Automated External Defibrillator (AEDs)
  - 7.2.2.1. Semi-automated External Defibrillator
  - 7.2.2.2. Fully-automated External Defibrillator
- 7.2.3. Manual internal defibrillator
7.3. Wearable Cardioverter Defibrillator (WCDs)

8. Cardiology Defibrillators Devices - By End Use Industry(Market Size -$Million / $Billion)

8.1. Segment type Size and Market Share Analysis
8.2. Application Revenue and Trends by type of Application
8.3. Application Segment Analysis by Type
- 8.3.1. Hospitals
- 8.3.2. Institutes
- 8.3.3. Universities
- 8.3.4. Public Access Markets
- 8.3.5. Alternate Care Markets
- 8.3.6. Others

9. Cardiology Defibrillators Devices - By Geography (Market Size -$Million / $Billion)

9.1. Cardiology Defibrillators Devices Market - North America Segment Research
9.2. North America Market Research (Million / $Billion)
- 9.2.1. Segment type Size and Market Size Analysis
- 9.2.2. Revenue and Trends
- 9.2.3. Application Revenue and Trends by type of Application
- 9.2.4. Company Revenue and Product Analysis
- 9.2.5. North America Product type and Application Market Size
  - 9.2.5.1. U.S.
  - 9.2.5.2. Canada
  - 9.2.5.3. Mexico
  - 9.2.5.4. Rest of North America
9.3. Cardiology Defibrillators Devices - South America Segment Research
9.4. South America Market Research (Market Size -$Million / $Billion)
- 9.4.1. Segment type Size and Market Size Analysis
- 9.4.2. Revenue and Trends
- 9.4.3. Application Revenue and Trends by type of Application
- 9.4.4. Company Revenue and Product Analysis
- 9.4.5. South America Product type and Application Market Size
  - 9.4.5.1. Brazil
  - 9.4.5.2. Venezuela
  - 9.4.5.3. Argentina
  - 9.4.5.4. Ecuador
  - 9.4.5.5. Peru
  - 9.4.5.6. Colombia
  - 9.4.5.7. Costa Rica
  - 9.4.5.8. Rest of South America
9.5. Cardiology Defibrillators Devices - Europe Segment Research
9.6. Europe Market Research (Market Size -$Million / $Billion)
- 9.6.1. Segment type Size and Market Size Analysis
- 9.6.2. Revenue and Trends
- 9.6.3. Application Revenue and Trends by type of Application
- 9.6.4. Company Revenue and Product Analysis
- 9.6.5. Europe Segment Product type and Application Market Size
  - 9.6.5.1. U.K
  - 9.6.5.2. Germany
  - 9.6.5.3. Italy
  - 9.6.5.4. France
  - 9.6.5.5. Netherlands
  - 9.6.5.6. Belgium
  - 9.6.5.7. Spain
  - 9.6.5.8. Denmark
  - 9.6.5.9. Rest of Europe
9.7. Cardiology Defibrillators Devices - APAC Segment Research
9.8. APAC Market Research (Market Size -$Million / $Billion)
- 9.8.1. Segment type Size and Market Size Analysis
- 9.8.2. Revenue and Trends
- 9.8.3. Application Revenue and Trends by type of Application
- 9.8.4. Company Revenue and Product Analysis
- 9.8.5. APAC Segment - Product type and Application Market Size
  - 9.8.5.1. China
  - 9.8.5.2. Australia
  - 9.8.5.3. Japan
  - 9.8.5.4. South Korea
  - 9.8.5.5. India
  - 9.8.5.6. Taiwan
  - 9.8.5.7. Malaysia

10. Cardiology Defibrillators Devices Market - Entropy

10.1. New product launches
10.2. M&A's, collaborations, JVs and partnerships

11. Cardiology Defibrillators Devices Market Company Analysis

11.1. Market Share, Company Revenue, Products, M&A, Developments
11.2. Boston Scientific Corporation
11.3. Cardiac Science Corporation (A Subsidiary of Opto Circuits India Limited)
11.4. Heartsine Technologies, Inc.
11.5. Medtronic, Inc.
11.6. Nihon Kohden Corporation
11.7. Philips Healthcare; Heartstream Division (A Division of Koninklijke Philips N.V.)
11.8. Physio-Control, Inc.
11.9. ST. Jude Medical, Inc.
11.10. Sorin Group
11.11. Zoll Medical Corporation (A Subsidiary of Asahi Kasei Corporation)
11.12. Cardiac Science, Inc. (formerly Survivalink Corp.)
11.13. Laerdal Medical Corporation
11.14. Medical Research Laboratories, Inc.
11.15. Medtronic Physio-Control Corporation
11.16. Defibtech and more

"*Financials would be provided on a best efforts basis for private companies"

12. Cardiology Defibrillators Devices Market - Appendix

12.1. Abbreviations
12.2. Sources

13. Cardiology Defibrillators Devices Market - Methodology

13.1. Research Methodology
- 13.1.1. Company Expert Interviews
- 13.1.2. Industry Databases
- 13.1.3. Associations
- 13.1.4. Company News
- 13.1.5. Company Annual Reports
- 13.1.6. Application Trends
- 13.1.7. New Products and Product database
- 13.1.8. Company Transcripts
- 13.1.9. R&D Trends
- 13.1.10. Key Opinion Leaders Interviews
- 13.1.11. Supply and Demand Trends

Cardiology Defibrillators Devices Market - Forecast(2022 - 2027)