Market Research Report
European Defibrillators Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||923811|
Delivery time: 2-3 business days
|European Defibrillators Market 2019-2025|
|Published: January 14, 2020||Content info:||
European defibrillators market is expected to grow significantly owing to the Sudden Cardiac Death(SCD);and is responsible for about 20% of total mortalities in Europe. Sudden cardiac death claims for more than 350,000 lives per year in Europe. This disease is the predominant risk of death for patients with heart failure. The disease is deadly within minutes if left untreated and its survival rate is just 5%-20%. It is considered as a significant economic burden on a societal basis. Additionally, it is estimated to cost between $860,000 and $1.6 million per case. Moreover, the risk increases for patients suffering from a myocardial infarction. Such high prevalence and mortalities due to cardiac arrest are considered as the most important factors in the defibrillator's market growth.
European network has been created in the region to find sudden cardiac arrest causes and compare treatments. This network, formerly known as European Sudden Cardiac Arrest network (ESCAPE-NET), is backed by theERC and European Heart Rhythm Association (EHRA), a registered branch of the European Society of Cardiology (ESC). Additionally, it is being funded by a European Union Horizon 2020 grant. 16 scientific teams in ESCAPE-NET across Europe are pooling their expertise and patient populations for creating a database of SCA suffering by the community's population and it is sufficiently large to study causes, treatments, and prevention strategies. This database includes more than 80,000 SCA patients with around 20,000 DNA samples.
Further, several European policies and regulations are meant to safeguard patients and ensure safety and security of the citizens and keenly observe medical devices and services. Stringent regulations and policies enable to avoid entry of drugs and devices that might be a risk to patients on using medical devices and services, which contributes for significant growth of the defibrillator market.
The market study of the European Defibrillators market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
The report is intended for medical device manufacturing companies, distributors and suppliers, and other related companies for overall market analysis and competitive analysis.The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.