About Defibrillators
Defibrillators are devices which restore a normal heartbeat by sending an electric pulse or shock to the heart. It is used to prevent or correct an arrhythmia, a heartbeat that is uneven or which is too slow or too fast. It can also restore the heart’s beating if the heart suddenly stops. Different types of defibrillators work in different methods. Automated external defibrillators (AEDs), which are in many public spaces, were established to save the lives of people experiencing sudden cardiac arrest. Even untrained bystanders can use these devices in an emergency case. Other defibrillators can inhibit sudden death among people who have a high risk of a life-threatening arrhythmia.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Defibrillators market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic (Ireland), St. Jude Medical, LLC (United States), Boston Scientific Corporation (United States), LivaNova (United Kingdom), Koninklijke Philips N.V. (Netherlands), Zoll Medical Corporation (United States), Cardiac Science (United States), Physio-Control Inc (United States), Nihon Kohden Corporation (Japan) and Defibtech, LLC. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are HeartSine Technologies, LLC. (United States), Progetti Srl (Italy), Fukuda Denshi Co., LTD. (Japan) and Schiller AG (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Defibrillators market by Type (Implantable Cardioverter Defibrillator [S-ICD, T-ICD] and External Defibrillator [Manual ED, Automated ED, Wearable Cardioverter Defibrillator]) and Region.
On the basis of geography, the market of Defibrillators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Defibrillators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the Defibrillators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Focus on Providing Public-Access Defibrillators
Market Growth Drivers:
Availability of Integrated Technology, Increasing Incidences of Sudden Cardiac Arrest in Youngsters and Rising Awareness about Cardiac Conditions
Challenges:
Lack of Awareness about Sudden Cardiac Arrest in Developing Countries
Restraints:
Stringent Government Regulatory Framework and High Cost of Defibrillators
Opportunities:
Emerging Markets Provide Significant Growth Opportunities and Technological Advancements in Defibrillators
Market Leaders and their expansionary development strategies
In May 2023, Abbott Laboratories announced a collaboration with Zoll Medical Corporation to develop and market a new line of defibrillators. This collaboration aimed to leverage both companies' expertise in medical devices to create advanced defibrillator solutions.
In October 2023, Zoll Medical Corporation announces the launch of its new ResQLink+ CPR device, a wearable defibrillator and CPR feedback system designed for first responders and public access defibrillation (PAD) programs. The ResQLink+ CPR provides real-time CPR feedback to help ensure that the correct depth and rate of compressions are being performed.
The Federal Cardiac Arrest Survival Act was created to increase awareness of the importance of AEDs and to encourage their placement, availability and use in Federal buildings. In the year 2000, the Federal Cardiac Arrest Survival Act was signed by the President to recommend placement of automated external defibrillators (AEDs) in Federal buildings and to provide Federal Good Samaritan protection for emergency responders who use AEDs.
Key Target Audience
Manufacturers of Defibrillator, Suppliers of Defibrillator Parts, Distributors of Defibrillator, Defibrillators Service Companies, Medical Device Suppliers and Distributors, Healthcare Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.