Global External Defibrillators Market Size, Share, Growth Analysis, By Product Type(Manual external defibrillator, Automated external defibrillator (AED)), By End User(Hospitals, pre-hospital) - Industry Forecast 2024-2031

Global External Defibrillators Market size was valued at USD 3.19 billion in 2022 and is poised to grow from USD 3.49 billion in 2023 to USD 7.10 billion by 2031, growing at a CAGR of 9.30% in the forecast period (2024-2031).

There has been a push in recent years to improve outcomes for adult cardiac arrest patients by endorsing automated external defibrillators as an essential part of the survival strategy. These small, lightweight devices, known as external defibrillators or ADs, are made to shock the heart electrically through the chest. This shock can stop arrhythmias (abnormal heartbeats) and restore a normal cardiac rhythm in cases of sudden cardiac arrest (SCA).

A number of factors, including the growing emphasis that both public and private entities are placing on public access defibrillators (PADs), are expected to propel the market for these defibrillator devices towards growth.

Furthermore, the market is expected to grow as a result of developments in defibrillator technology, the aging population, which is more susceptible to certain illnesses, and an increase in the incidence of cardiac problems.

Moreover, the market's growth trajectory is subject to notable influences, including the rising worldwide prevalence of cardiovascular disorders, which include ailments such as rheumatic heart disease, coronary heart disease, and cerebrovascular disease.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global External Defibrillators Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global External Defibrillators Market Segmental Analysis

Three factors are used to categorize the global market for external defibrillators: product type, end-user, and geography. The market is divided into three segments based on product type: wearable cardioverter defibrillators (WCD), automated external defibrillators (AEDs), and manual external defibrillators (MED). The market is divided into five segments based on the end-user: hospitals, pre-hospital, public access, alternate care, and homes. The market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America based on geographic factors.

Drivers of the Global External Defibrillators Market

The increasing focus on public access to defibrillation is a major factor influencing the dynamics of the global market for external defibrillators. Increasing the accessibility of defibrillators in public areas like malls, stadiums, and airports will increase the likelihood that someone will intervene in time to save lives after sudden cardiac arrests. The importance of automated external defibrillators (AEDs) in preserving lives is being recognized by governments, organizations, and healthcare facilities on a growing basis. In addition to driving advances in device design and user-friendliness to guarantee that people with no medical training can use defibrillators in emergency situations, this drive for greater accessibility is driving up demand for defibrillators.

Restraints in the Global External Defibrillators Market

A primary impediment to the worldwide market for defibrillators is the difficulty of guaranteeing general availability and instruction for efficient use of these devices. Automated external defibrillators (AEDs) have been placed in public spaces, but it is still unclear if people are properly educated to use them in an emergency. Appropriate reaction methods and a thorough understanding of how AEDs work are essential for their effective use. The best use of AEDs and their overall efficacy in saving lives during cardiac emergencies might be impeded by a lack of awareness, a lack of training opportunities, and potential reluctance to use them.

Market Trends of the Global External Defibrillators Market

Increasing Connectivity: Wireless connectivity, cloud-based data storage, and remote monitoring features are becoming more and more commonplace on contemporary external defibrillators. With the help of this trend, emergency responders and healthcare professionals may now obtain up-to-date data on patient outcomes, usage patterns, and device status. Faster reaction times are made possible by connected defibrillators, which allow medical personnel to remotely evaluate and offer direction in an emergency. The gathered data can also be examined to spot trends in usage, enhance the functionality of the gadget, and improve training materials. Through informed decision-making, this integration of connectivity not only improves the effectiveness of the deployment of external defibrillators but also improves patient care and results.