Defibrillator Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Defibrillator Market Trends and Forecast

The future of the defibrillator market looks promising with opportunities in the hospitals, pre-hospital care, public access, alternate care, and home healthcare sectors. The global defibrillator market is expected to reach an estimated $18.3 billion by 2028 with a CAGR of 7% from 2023 to 2028. The major drivers for this market are rising incidence of sudden cardiac diseases and increasing geriatric population with elevated risk of cardiac arrest.

A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.

Defibrillator Market by Segment

The study includes trends and forecast for the global defibrillator market by product, end use industry, and region, as follows:

Defibrillator Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:

• Implantable Cardioverter Defibrillators (ICD)
• External Defibrillators (ED)

Defibrillator Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:

• Hospitals
• Pre-Hospital Care
• Public Access
• Alternate Care
• Home Healthcare

Defibrillator Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Defibrillator Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, defibrillator companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the defibrillator companies profiled in this report include-

• Medtronic
• Abbott
• Boston Scientific
• BIOTRONIK
• MicroPort
• Stryker

Defibrillator Market Insights

• Lucintel forecasts that implantable cardioverter defibrillators (ICD) will remain the larger product segment over the forecast period due to growing cases of cardiovascular diseases, and technological advancements in defibrillators.
• Hospitals are expected to remain the largest segment due to increasing use of implantable cardioverter defibrillators and external defibrillators in hospitals to treat patients undergoing sudden cardiac arrest.
• North America will remain the largest region due to increasing number of external defibrillators installed in hospitals and public spaces.

Features of the Defibrillator Market

• Market Size Estimates: Defibrillator market size estimation in terms of value ($B)
• Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Defibrillator market size by various segments, such as product, end use industry, and region
• Regional Analysis: Defibrillator market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different products, end use industries, and regions for the defibrillator market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the defibrillator market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the defibrillator market size?

Answer: The global defibrillator market is expected to reach an estimated $18.3 billion by 2028.

Q2. What is the growth forecast for defibrillator market?

Answer: The global defibrillator market is expected to grow with a CAGR of 7% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the defibrillator market?

Answer: The major drivers for this market rising incidence of sudden cardiac diseases and increasing geriatric population with elevated risk of cardiac arrest.

Q4. What are the major segments for defibrillator market?

Answer: The future of the defibrillator market looks promising with opportunities in the hospitals, pre-hospital care, public access, alternate care, and home healthcare sectors.

Q5. Who are the key defibrillator companies?

Answer: Some of the key defibrillator companies are as follows:

• Medtronic
• Abbott
• Boston Scientific
• BIOTRONIK
• MicroPort
• Stryker

Q6. Which defibrillator segment will be the largest in the future?

Answer: Lucintel forecasts that implantable cardioverter defibrillators (ICD) will remain the larger product segment over the forecast period due to growing cases of cardiovascular diseases and technological advancements in defibrillators.

Q7. In defibrillator market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region due to increasing number of external defibrillators installed in hospitals and public spaces.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising, high-growth opportunities for the defibrillator market by product (implantable cardioverter defibrillators (ICD), and external defibrillators (ED), end use industry (hospitals, pre-hospital care, public access, alternate care, and home healthcare), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?