Industry Trend Analysis
The global Automated External Defibrillators Market is projected to witness significant growth during the forecast period. Automated external defibrillator (AED) is a portable, lightweight electronic instrument that automatically diagnoses cardiac arrhythmia and delivers an electric shock to restore the heart’s normal rhythm. The market is primarily driven by factors such as increasing incidence of cardiovascular diseases and rising geriatric population around the world. Moreover, technological advancements in medical devices have enabled development of advanced external defibrillators leading to favorable adoption of these devices. According to the American Heart Association’s 2017 report, around 92.1 million adults are living with some form of cardiovascular disease or are suffering from the after effects of stroke in America. Moreover, every year, an estimated 790,000 people in the U.S. have heart attacks. Such high prevalence of cardiovascular diseases will largely contribute to the growth of automated external defibrillators market over coming years.
Some of the leading players in the automated external defibrillators market are, Defibtech, LLC. (acquired by Nihon Kohden Corporation), Koninklijke Philips N.V., Cardiac Science Corporation, ZOLL Medical Corporation (acquired by Asahi Kasei Corporation), Physio-Control, Inc. (acquired by Stryker Corporation), and Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
North America accounted for the largest share of the global automated external defibrillators market in 2016 owing to rising incidence of cardiovascular diseases in the region along with the presence of advanced healthcare infrastructure. According to the American Heart Association, 580,000 new cases of heart attack are reported annually in the U.S., whereas, recurring attacks amount to 210,000 cases. This high prevalence of heart attacks is expected to fuel the market growth during the forecast period. Asia-Pacific external defibrillators market is expected to witness fastest growth in the analysis period owing to increasing awareness related to cardiovascular diseases and presence of highly unmet medical needs.
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End Use Outlook and Trend Analysis
The end-users for automated external defibrillators market consists of hospitals, pre-hospitals, public access, alternate care market and other end users. Fully automated external defibrillators are usually used for public access and are installed at public places in order to deliver defibrillation therapy to people experiencing sudden cardiac arrests. These systems are easy to operate, which makes them effective to be installed at public places. Survivors of heart attacks have a heart risk of encountering sudden cardiac arrests. As a result, automated external defibrillators can be efficiently used by these patients themselves to counter any emergency situation.
Market Segmentation- Automated External Defibrillators Market
Automated External Defibrillators Market, By Product, Estimates and Forecast, 2016-2025 ($Million)
Fully Automated External Defibrillators
Semi-automated External Defibrillators
Automated External Defibrillators Market, By End User, Estimates and Forecast, 2016-2025 ($Million)
Alternative Care Market
Public Access Market
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Automated External Defibrillators Market, By Region, Estimates and Forecast, 2016-2025 ($Million)
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Emerging markets are expected to pose lucrative growth opportunities for the automated external defibrillators market during coming few years as awareness related to cardiovascular diseases is increasing along with the disposable income in these countries. With increasing adoption of fully automated external defibrillator systems at public places in developed nations, the market will witness an increase in demand for these systems during the forecast period.
Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
126.96.36.199. Increasing Incidence of Cardiovascular Diseases Globally
188.8.131.52. Rising Geriatric Population Globally
184.108.40.206. Technological Advancements in Defibrillation Devices
220.127.116.11. Development of Advanced Devices Used in Manufacturing Facilities
18.104.22.168. Lack of Awareness about Sudden Cardiac Arrest (SAC)
22.214.171.124. Emerging Markets to Offer Lucrative Growth Opportunities
….CONTINUED FOR TOC
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