Defibrillators Market - Forecasts from 2019 to 2024

The defibrillators market is expected to reach $19.593 billion by 2024 from $13.829 billion in 2018 growing at a CAGR of 5.98%. Defibrillators are medical devices used to restore a normal heartbeat by sending an electric pulse or shock to the heart. These devices are mainly used for therapeutic purposes or in management in cardiovascular critical care management, where electrical shock is required to convert patient’s abnormal heart rhythm into normal heart rhythm or pulse less ventricular tachycardia. The market is expected to show a robust growth during the given forecast period. The growth in the market may be attributed to the rising incidences of the cardiovascular diseases across the globe. As per WHO, cardiovascular diseases are the leading cause of death globally, with an estimated 17.9 million deaths in 2016, representing 31% of all global deaths. Technological advancements in defibrillators coupled with the government supported awareness programs on defibrillators will also boost the market for defibrillators during the given forecast period. However, stringent regulatory requirements for the marketing approval of defibrillators might restrain the growth of the defibrillator market during the given time frame.

The Defibrillators Market - Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, application, end users, and geography.

The defibrillators market has been segmented based on type, application, end users, and geography. By type, the market has been segmented on the basis of Implantable cardioverter defibrillator (ICD), external defibrillator (ED) and wearable cardioverter defibrillators (WCDs). By application, the market has been segmented as ventricular tachycardia, ventricular fibrillation, atrial fibrillation among others. By end users, the market has been segmented as hospitals and cardiac centers.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa (MEA), and the Asia Pacific regions. The report also analyzes 16 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.

Major players in defibrillators market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in defibrillators market.

Segmentation

Defibrillators market has been segmented by type, application, end users and geography.

By Type

• Implantable Cardioverter Defibrillator (ICD)
• External Defibrillator (ED)
• Wearable Cardioverter Defibrillators (WCDs)

By Application

• Ventricular Tachycardia
• Ventricular Fibrillation
• Atrial Fibrillation
• Others

By End Users

• Hospitals
• Cardiac Centers

By Geography

North America

• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others

Europe

• Germany
• France
• United Kingdom
• Italy
• Others

Middle East and Africa

• Saudi Arabia
• Israel
• Others

Asia Pacific

• China
• Japan
• South Korea
• India
• Others

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