Introduction:

The field of cardiac care has witnessed a transformative shift with the evolution of defibrillators. These life-saving devices have become pivotal in the battle against sudden cardiac arrests, offering prompt intervention and increased chances of survival. This article delves into the dynamic landscape of the defibrillators market, exploring key trends, technological advancements, market drivers, and future prospects.

The defibrillators market is estimated to grow from USD 12.65 billion in 2022 to USD 21.54 billion by 2028 at a CAGR of 9.18% during the forecast period.

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What is Defibrillator?

Defibrillators are used to give an electric shock through the chest wall to the heart during cardiac arrest. This shock momentarily disrupts the chaotic electrical activity in the heart and allows the heart's natural pacemaker to regain control and restore a regular heartbeat.

Key Players

Some of the major manufacturers are-

Biotronik

Boston Scientific

CU Medical Systems, Inc.

Koninklijke Philips N.V.

Mediana

Medtronic plc

Metsis Medikal

Microport

Mindray Medical

Nihon Kohden

Market Dynamics

The defibrillators market is driven by several factors that contribute to its growth and development. Here are some of the key drivers:

Globally, the main cause of death is due to cardiovascular diseases like cardiac arrest and arrhythmias. Defibrillators are in high demand as they are vital life-saving tools that maintain normal heart rhythms.

The development of defibrillator technology played a vital role in the growth of the market. It has also become easier for non-medical professionals to utilize automated external defibrillators (AEDs) in emergency scenarios.

The significance of early defibrillation has been widely considered through public awareness campaigns and training initiatives. The probability of survival increases with prompt defibrillation within the first few minutes after a cardiac arrest. 

Defibrillators play a critical role in saving lives during cardiac emergencies, as acknowledged by governments all over the world. The installation of defibrillators in public spaces, schools, and workplaces is mandated by laws in several nations.

Increased healthcare costs, particularly in developing nations, have fueled the market for defibrillators. The need for defibrillators rises as healthcare infrastructure develops and more people have access to medical treatment, particularly in settings like hospitals, clinics, and ambulatory care centers.

Defibrillators are intended to be more easily available in public locations, such as airports, retail centers, sporting venues, and transit hubs.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.