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The report is titled as ‘Defibrillator Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the defibrillator market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. defibrillator market is expected to grow with significant rate in the near future.
The defibrillator market in 2020 is accounted for US$ 13.8 Bn and expected to reach at a value of US$ 22.4 Bn by 2028 with a significant CAGR of 6.3%.
Defibrillators are lifesaving devices that apply an electric shock to establish a more normal cardiac rhythm in patients who are experiencing ventricular fibrillation (VF). Defibrillation is the only effective therapy for cardiac arrest caused by ventricular fibrillation. If defibrillation is delivered promptly, survival rates as high as 75% have been reported.
The guidelines on cardiopulmonary resuscitation of the European Resuscitation Council and American Heart Association (AHA) strongly recommend attempting defibrillation with minimal delay in victims of VF/VT cardiac arrest. The defibrillator charges with a large capacitor. In case of external defibrillation, paddles are discharge on the patient’s chest. Disposable defibrillation electrodes can be used as an alternative. For internal defibrillation small concave paddles are used.
Growing prevalence of cardiovascular disorders is the first and foremost factor driving the growth of global defibrillators market. Growing preference of implantable cardiac defibrillators (ICD) is further pushing the market growth.
Moreover increasing aging demographics would fuel the growth of global defibrillators market. It is estimated that 70–80% of all ICDs implanted for the indication of sinus node dysfunction (SND) occur in patients over the age of 65. According to WHO, The absolute number of people aged 60 years and over is expected to increase from 605 million to 2 billion by 2050.
Technological advancements such as automated portable defibrillators are expected to increase the penetration of defibrillators across all end users. Growing instances of cardiac arrhythmias is fueling growth of global defibrillators market.
Global market for defibrillators is dominated by Medtronic PLC., Boston Scientific Corporation, BIOTRONIK SE & Co. KG, Nihon Kohden Corporation, ZOLL Medical Corporation, Abbott (St. Jude Medical, Inc.), Cardiac Science Corporation, LivaNova PLC, Philips Healthcare, Stryker Corporation etc. among others.
The global defibrillators market is segmented on the basis of product type, mechanism of operation, end user and region. On the basis of product type, defibrillators market is segmented as external defibrillators (further segmented as manual and automatic), internal defibrillators, implantable cardiac defibrillators (further segmented as transvenous implantable cardioverter defibrillator and subcutaneous implantable cardioverter defibrillator). Based on mechanism of operation global market is segmented as Impedance-based defibrillators, Current-based defibrillators and others. On the basis of end user, global defibrillators market is segmented into hospitals, ambulatory surgical centers, trauma centers, etc.
On the basis of region, the global defibrillators market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America defibrillators market is expected to be the most dominating market throughout the forecast period due to increasing number of cardiac interventional procedures and growing patient pool.
Presence of key players in Europe makes it second largest market for defibrillators. Asia Pacific defibrillators market is expected to witness highest growth rate due to increasing number of hospitals and medical institutes.
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.
A research report on the Defibrillator market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Defibrillator products
Advantages of Defibrillator
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
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1. Global Defibrillator Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Defibrillator Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Defibrillator Market Snapshot
2.4. Global Defibrillator Market Size and Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Defibrillator Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Global Defibrillator Market, By Product Type
3.1. Introduction
3.1.1. Annual Growth Rate Comparison, By Product Type
3.1.2. BPS Analysis, By Product Type
3.2. Market Revenue (US$Mn) Forecast, By Product Type
3.2.1. External Defibrillators
3.2.1.1. Manual
3.2.1.2. Automatic
3.2.2. Internal Defibrillators
3.2.3. Implantable Cardiac Defibrillators
3.2.3.1. Transvenous Implantable Cardioverter Defibrillator
3.2.3.2. Subcutaneous Implantable Cardioverter Defibrillator
3.3. Global Defibrillator Market Attractiveness Index, By Product Type
4. Global Defibrillator Market, By Mechanism of Operation
4.1. Introduction
4.1.1. Annual Growth Rate Comparison, By Mechanism of Operation
4.1.2. BPS Analysis, By Mechanism of Operation
4.2. Market Revenue (US$Mn) Forecast, By Mechanism of Operation
4.2.1. Impedance-Based Defibrillators
4.2.2. Current-Based Defibrillators
4.2.3. Others
4.3. Global Defibrillator Market Attractiveness Index, By Mechanism of Operation
5. Global Defibrillator Market, By End User
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By End User
5.1.2. BPS Analysis, By End User
5.2. Market Revenue (US$Mn) Forecast, By End User
5.2.1. Hospitals
5.2.2. Ambulatory Surgical Centers
5.2.3. Trauma Centers
5.2.4. Others
5.3. Global Defibrillator Market Attractiveness Index, By End User
6. Global Defibrillator Market, By Region
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Region
6.1.2. BPS Analysis, By Region
6.2. Market Revenue (US$Mn) Forecast, By Region
6.2.1. North America
6.2.2. Latin America
6.2.3. Europe
6.2.4. Asia Pacific
6.2.5. Middle East
6.2.6. Africa
6.3. Global Defibrillator Market Attractiveness Index, By Region
7. North America Defibrillator Market Analysis and Forecast, 2020–2028
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Country
7.1.2. BPS Analysis, By Country
7.2. Market Revenue (US$Mn) Forecast, By Country
7.2.1. U.S. Defibrillator Market
7.2.2. Canada Defibrillator Market
7.3. North America Defibrillator Market, By Product Type
7.3.1. External Defibrillators
7.3.1.1. Manual
7.3.1.2. Automatic
7.3.2. Internal Defibrillators
7.3.3. Implantable Cardiac Defibrillators
7.3.3.1. Transvenous Implantable Cardioverter Defibrillator
7.3.3.2. Subcutaneous Implantable Cardioverter Defibrillator
7.4. North America Defibrillator Market, By Mechanism of Operation
7.4.1. Impedance-Based Defibrillators
7.4.2. Current-Based Defibrillators
7.4.3. Others
7.5. North America Defibrillator Market, By End User
7.5.1. Hospitals
7.5.2. Ambulatory Surgical Centers
7.5.3. Trauma Centers
7.5.4. Others
7.6. North America Defibrillator Market Attractiveness Index
7.6.1. By Country
7.6.2. By Product Type
7.6.3. By Mechanism of Operation
7.6.4. By End User
8. Latin America Defibrillator Market Analysis and Forecast, 2020–2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Market Revenue (US$Mn) Forecast, By Country
8.2.1. Brazil Defibrillator Market
8.2.2. Mexico Defibrillator Market
8.2.3. Argentina Defibrillator Market
8.2.4. Rest of Latin America Defibrillator Market
8.3. Latin America Defibrillator Market, By Product Type
8.3.1. External Defibrillators
8.3.1.1. Manual
8.3.1.2. Automatic
8.3.2. Internal Defibrillators
8.3.3. Implantable Cardiac Defibrillators
8.3.3.1. Transvenous Implantable Cardioverter Defibrillator
8.3.3.2. Subcutaneous Implantable Cardioverter Defibrillator
8.4. Latin America Defibrillator Market, By Mechanism of Operation
8.4.1. Impedance-Based Defibrillators
8.4.2. Current-Based Defibrillators
8.4.3. Others
8.5. Latin America Defibrillator Market, By End User
8.5.1. Hospitals
8.5.2. Ambulatory Surgical Centers
8.5.3. Trauma Centers
8.5.4. Others
8.6. Latin America Defibrillator Market Attractiveness Index
8.6.1. By Country
8.6.2. By Product Type
8.6.3. By Mechanism of Operation
8.6.4. By End User
9. Europe Defibrillator Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market Revenue (US$Mn) Forecast, By Country
9.2.1. U.K. Defibrillator Market
9.2.2. Germany Defibrillator Market
9.2.3. Italy Defibrillator Market
9.2.4. France Defibrillator Market
9.2.5. Spain Defibrillator Market
9.2.6. Russia Defibrillator Market
9.2.7. Poland Defibrillator Market
9.2.8. BENELUX Defibrillator Market
9.2.9. NORDIC Defibrillator Market
9.2.10. Rest of Europe Defibrillator Market
9.3. Europe Defibrillator Market, By Product Type
9.3.1. External Defibrillators
9.3.1.1. Manual
9.3.1.2. Automatic
9.3.2. Internal Defibrillators
9.3.3. Implantable Cardiac Defibrillators
9.3.3.1. Transvenous Implantable Cardioverter Defibrillator
9.3.3.2. Subcutaneous Implantable Cardioverter Defibrillator
9.4. Europe Defibrillator Market, By Mechanism of Operation
9.4.1. Impedance-Based Defibrillators
9.4.2. Current-Based Defibrillators
9.4.3. Others
9.5. Europe Defibrillator Market, By End User
9.5.1. Hospitals
9.5.2. Ambulatory Surgical Centers
9.5.3. Trauma Centers
9.5.4. Others
9.6. Europe Defibrillator Market Attractiveness Index
9.6.1. By Country
9.6.2. By Product Type
9.6.3. By Mechanism of Operation
9.6.4. By End User
10. Asia Pacific Defibrillator Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market Revenue (US$Mn) Forecast, By Country
10.2.1. China Defibrillator Market
10.2.2. India Defibrillator Market
10.2.3. Japan Defibrillator Market
10.2.4. Australia And New Zealand Defibrillator Market
10.2.5. South Korea Defibrillator Market
10.2.6. ASEAN Defibrillator Market
10.2.7. Rest of Asia Pacific Defibrillator Market
10.3. Asia Pacific Defibrillator Market, By Product Type
10.3.1. External Defibrillators
10.3.1.1. Manual
10.3.1.2. Automatic
10.3.2. Internal Defibrillators
10.3.3. Implantable Cardiac Defibrillators
10.3.3.1. Transvenous Implantable Cardioverter Defibrillator
10.3.3.2. Subcutaneous Implantable Cardioverter Defibrillator
10.4. Asia Pacific Defibrillator Market, By Mechanism of Operation
10.4.1. Impedance-Based Defibrillators
10.4.2. Current-Based Defibrillators
10.4.3. Others
10.5. Asia Pacific Defibrillator Market, By End User
10.5.1. Hospitals
10.5.2. Ambulatory Surgical Centers
10.5.3. Trauma Centers
10.5.4. Others
10.6. Asia Pacific Defibrillator Market Attractiveness Index
10.6.1. By Country
10.6.2. By Product Type
10.6.3. By Mechanism of Operation
10.6.4. By End User
11. Middle East Defibrillator Market, By Region
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market Revenue (US$Mn) Forecast, By Country
11.2.1. GCC Countries Defibrillator Market
11.2.2. Israel Defibrillator Market
11.2.3. Oman Defibrillator Market
11.2.4. Rest of Middle East Defibrillator Market
11.3. Middle East Defibrillator Market, By Product Type
11.3.1. External Defibrillators
11.3.1.1. Manual
11.3.1.2. Automatic
11.3.2. Internal Defibrillators
11.3.3. Implantable Cardiac Defibrillators
11.3.3.1. Transvenous Implantable Cardioverter Defibrillator
11.3.3.2. Subcutaneous Implantable Cardioverter Defibrillator
11.4. Middle East Defibrillator Market, By Mechanism of Operation
11.4.1. Impedance-Based Defibrillators
11.4.2. Current-Based Defibrillators
11.4.3. Others
11.5. Middle East Defibrillator Market, By End User
11.5.1. Hospitals
11.5.2. Ambulatory Surgical Centers
11.5.3. Trauma Centers
11.5.4. Others
11.6. Middle East Defibrillator Market Attractiveness Index
11.6.1. By Country
11.6.2. By Product Type
11.6.3. By Mechanism of Operation
11.6.4. By End User
12. Africa Defibrillator Market, By Region
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market Revenue (US$Mn) Forecast, By Country
12.2.1. South Africa Defibrillator Market
12.2.2. Egypt Defibrillator Market
12.2.3. North Africa Defibrillator Market
12.2.4. Rest of Africa Defibrillator Market
12.3. Africa Defibrillator Market, By Product Type
12.3.1. External Defibrillators
12.3.1.1. Manual
12.3.1.2. Automatic
12.3.2. Internal Defibrillators
12.3.3. Implantable Cardiac Defibrillators
12.3.3.1. Transvenous Implantable Cardioverter Defibrillator
12.3.3.2. Subcutaneous Implantable Cardioverter Defibrillator
12.4. Africa Defibrillator Market, By Mechanism of Operation
12.4.1. Impedance-Based Defibrillators
12.4.2. Current-Based Defibrillators
12.4.3. Others
12.5. Africa Defibrillator Market, By End User
12.5.1. Hospitals
12.5.2. Ambulatory Surgical Centers
12.5.3. Trauma Centers
12.5.4. Others
12.6. Africa Defibrillator Market Attractiveness Index
12.6.1. By Country
12.6.2. By Product Type
12.6.3. By Mechanism of Operation
12.6.4. By End User
13. Recommendation
13.1. Market Strategy
14. Competitive Landscape
14.1. Competition Dashboard
14.2. List and Company Overview of Global Key Players
14.3. Company Profiles
14.3.1. Medtronic PLC.
14.3.1.1. Company Overview
14.3.1.2. Financial Overview
14.3.1.3. Product Portfolio
14.3.1.4. Key Developments
14.3.1.5. Business Strategies
14.3.2. Boston Scientific Corporation
14.3.3. BIOTRONIK SE & Co. KG
14.3.4. Nihon Kohden Corporation
14.3.5. ZOLL Medical Corporation
14.3.6. Abbott
14.3.7. Cardiac Science Corporation
14.3.8. LivaNova PLC
14.3.9. Philips Healthcare
14.3.10. Stryker Corporation
15. Acronyms
The defibrillator market in 2020 is accounted for US$ 13.8 Bn and expected to reach at a value of US$ 22.4 Bn by 2028 with a significant CAGR of 6.3%.
Growing prevalence of cardiovascular disorders, growing preference of implantable cardiac defibrillators (ICD), increasing aging demographics, and technological advancements are the key factors driving the growth of market
The global defibrillators market is segmented on the basis of product type, mechanism of operation, end user and region
Medtronic PLC., Boston Scientific Corporation, BIOTRONIK SE & Co. KG, Nihon Kohden Corporation, ZOLL Medical Corporation, Abbott (St. Jude Medical, Inc.), Cardiac Science Corporation, LivaNova PLC, Philips Healthcare, Stryker Corporation are the key participating players in the market