Global Defibrillator Market | Share, trend, growth rate

Pune, October 20, 2021 (GLOBE NEWSWIRE) – Square gauge defibrillators will not deliver therapeutic shock to a patient’s heart under severe conditions such as arrhythmia, heart disease, and breathless body cavity arrhythmia. The medical aid procedure involves delivering an electric shock to the intestines to depolarize the heart muscles and restore its traditional electrical impulse. The growing attention to electronic public access devices (PADs) by the general public and non-public organizations has fueled the growth of the market.

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Major Key Players in Defibrillators Market

  • Nihon Kohden
  • Mindray Medical
  • Microport
  • Biotronik
  • Metsis Medikal
  • Medtronic
  • Koninklijke Philips NV
  • Boston scientist
  • CU medical systems

Growth in this market is due to the increasing prevalence of target diseases, increasing specialization in providing publicly accessible defibrillators, and defibrillator coaching and awareness programs. Furthermore, the growing markets as well as the development of S-ICD and MRI-compatible DAI and CRT-D are expected to provide growth opportunities for market players. The growing range of internal organ implantation procedures as well as the accessibility of reimbursements in developed markets are the main factors driving the expansion of this end-user section.

In 2016, Boston Scientific signed a partnership agreement with the Mayo Clinic to accelerate the medical device event in partnership, whereby each organization aims to share property rights to develop new medical technologies. In addition, defibrillators have proven to be extremely useful in the restorative fulminant heart failure in COVID19, which has further fueled the demand for defibrillators in the context of the pandemic. Timely corroborating rules and increasing adoption are also predicted to produce this market with a platform for profitable growth over the next several years.

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Qualiket Research has segmented the global defibrillator market on the basis of product segment, end-user segment, and region.

Product segment

  • Implantable defibrillators
  • External defibrillators

End user segment

  • Home
  • Hospitals
  • Public access market
  • Alternative care market
  • Prehospital

By region

  • North America
  • Latin America
  • Europe
  • China
  • Asia Pacific
  • Middle East and Africa

Main lessons and findings:

  • The implantable cardioverter defibrillator segment accounted for the largest share of the defibrillator market in 2019.
  • Factors contributing to a larger share of the accounting are the development of technologically advanced devices with extended longevity, rapid growth in the number of implantation procedures, and the increasing adoption of cardiac resynchronization therapy defibrillators.
  • The external defibrillator segment is expected to show high paying growth during the forecast period. In addition, robot-assisted surgeries were the most promising segment of the healthcare AI market in 2020.
  • Hospitals, clinics and heart centers segment accounted for the largest share of the global market in 2019.
  • The hospital segment dominated the market growth.
  • the public access section of the market is calculable to register the fastest CAGR of approximately 8.6% of the expected amount due to the increasing installation of defibrillators in public places
  • North America is considered to be the largest share of the regional segment of the market.
  • Asia-Pacific is expected to grow at the fastest CAGR during the forecast period.

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