The global Defibrillators Market was
valued at USD 9.3 billion in 2012 and is expected to grow at a CAGR of 6.2%
from 2013 to 2019, to reach an estimated value of USD 14.2billion in 2019.
Browse Global
Defibrillators Market Report with Full TOC: http://www.transparencymarketresearch.com/defibrillators-market.html
Defibrillator devices are used to
treat life-threatening cardiac arrhythmias, particularly ventricular fibrillation
and pulseless ventricular tachycardia. These devices provide an electrical
shock, having energy 40 - 400 Joule, to the heart muscles which terminates the
arrhythmia and restores the normal sinus rhythm in the heart. Since the
defibrillator devices are very useful in preventing deaths due to sudden
cardiac arrest (SCA), the large number of SCA incidences across the globe is
the major driver for the growth of this market.
Growing incidences of cardiovascular
diseases and disorders combined with aging of baby boomer population in the
U.S. are contributing to the growth of the global defibrillators
market.Furthermore, the market is more driven by demand from emerging countries
from Asia-Pacific and the Middle-East. Increasing trend towards installations
of AEDs at workplaces by businesses is expected to serve as a good opportunity
for the growth of global defibrillators market.
The global defibrillators market has
been segmented on the basis of product types, end-users and geographic regions.
On the basis of defibrillator types, the market is divided into advanced life
support (ALS) defibrillators, automated external defibrillators (AEDs),
implantable cardioverter defibrillators (ICDs) and wearable defibrillators. In
2012, implantable defibrillator devices accounted for the largest share by
revenue of the global defibrillators followed by ALS defibrillators.The global
rise in the healthcare infrastructure which include state-of-the-art hospitals
and ambulances equipped with advanced medical devices is seen as a driver for
ALS defibrillator segment.
The report also provides market
estimations for the end-users of defibrillator devices during the forecast
period of 2013 to 2019. The market has been categorized on the basis of
end-users into five major segments, namely, hospitals, home, public access,
emergency medical services and business workplace. In 2012, the hospitals as an
end-user category shared more than 90%of the global defibrillator market.Other
segments which are expected to grow rapidly during the forecast period are
public access and business workplace. The government initiatives for creating
awareness about the usefulness of AEDs in SCA will be the crucial factor for
the growth of this market. Although the FDA initiatives to tighten the AED approval
process, through pre-market approval (PMA), are likely to impact the market
negatively, the grace period implementing changes is considerable enough for
manufacturers in the defibrillators market.
Geographically, North America is the
largest market for defibrillator devices and is expected to retain its top
position throughout the forecast period. The rising awareness about the SCA and
defibrillators in the USA and Canada is contributing to overall growth of
defibrillators market in the region. In addition, legislations requiring
installation of AEDs for public access and 'Samaritan Laws' providing immunity
to first responders are driving factors for the market.Europe was the second
largest market for defibrillator devices in 2012. During the
forecast period, 2013 to 2019,
Asia-Pacific and Middle-East are expected to grow at a faster pace than North
America and Europe owing to the large patient base, increasing incidences of
cardiovascular diseases and rising per capita expenditure on healthcare. The strengthening
of economies in the Asia-Pacific and the subsequent rise in the healthcare
infrastructure are propelling the market for defibrillators in this region.
The global defibrillators market is
dominated by few major players such as Boston Medical Corporation, Medtronic,
Inc. Philips Healthcare, St. Jude Medical, Inc. and Zoll Medical Corporation (a
subsidiary of Asahi Kasei Corporation).
The
global defibrillators market is segmented as follows:
Global Defibrillators Market, by
Product Category
- Advanced Life Support (ALS) Defibrillators
- Automated External Defibrillators (AEDs)
- Implantable Cardioverter Defibrillators (ICDs)
- Wearable Defibrillators
Global Defibrillators Market, by
End-Users
- Hospitals
- Home
- Public Access
- Emergency Medical Services
- Business Workplace
Global Defibrillators Market, by
Geography
- North Americ
- Europe
- Asia-Pacific
- Middle-East
- Latin America
- Africa
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