The Cardiology Defibrillators Devices Market size is estimated to reach $11.7 Bn by 2027, growing at a CAGR of 3.8% during the forecast period 2022-2027. An implantable cardioverter-defibrillator (ICD) is a small battery-powered device placed in the chest to monitor the heart rate and detect irregular heartbeats. Cardiac disorders have emerged as the major cause of death, and rising awareness among consumers about advanced defibrillators Devices around the globe is driving the Cardiology Defibrillators Devices Market during the forecast period 2022-2027.
The report: “Cardiology Defibrillators Devices Market - Forecast (2022-2027)”, covers an in-depth analysis of the following segments of the Cardiology Defibrillators Devices Market.
Based on the Type of Devices, the Cardiology Defibrillators Devices Market is segmented into Implantable Cardioverter Defibrillator (ICDs), External Defibrillator, Wearable Cardioverter Defibrillator (WCDs), Advanced Life Support Units and others. The Implantable Cardioverter Defibrillator (ICDs) holds the major share in 2019. This is owing to the rising adoption of ICD devices and the growing prevalence of cardiac diseases is resulting in the high adoption of these devices. However, The External Defibrillator is set to be the fastest growing with a CAGR of 4.12% during the forecast period 2022-2027. This is owing to the rise in the technological advancements in defibrillators and an increase in investments from private players.
Based on End-user type the Cardiology Defibrillators Devices Market is segmented into Hospitals, Institutes, Pre-hospital Care Settings, Ambulatory Surgery Centre and Others. The Hospitals segment held a major share in 2019. This is owing to the increasing number of cardiovascular and raising geriatric population all over the globe. However, the pre-hospital care market is set to be the fastest-growing CAGR during the forecast period 2022-2027.this is owing to a surge in a number of hospitals and higher usage of defibrillators within pre- hospitals care.
Based on Geography, Cardiology Defibrillators Devices Market is segmented into North America, Europe, Asia-Pacific and the Rest of the World. The North America region dominated the Cardiology Defibrillators Devices Market in 2019 with a share of 38.1%. This is owing to the rising prevalence of cardiac ailments, which is the second leading cause of death in the region. Europe is set to be the fastest-growing CAGR during the forecast period 2022-2027. This is owing to the rising adoption of ICD devices. The growing prevalence of cardiac diseases is resulting in the high adoption of these devices in the region.
Increase in the demand for Wearable cardioverter defibrillators Devices.
Wearable cardioverter defibrillators devices have became widely accepted, as this device can be employed in a condition where the patient is waiting for implantable, owing to surgical contraindication and this device prevents the risk of cardiac arrest. Apart from these numerous technological advances in the wearable devices scheduled to happen in the future for instance decreasing the weight and size further to make it more comfortable for the patient improvement in signal to reduce the event of inappropriate detections and shocks.
The main challenge for Cardiology Defibrillators Devices Market is, the key restrictive factors for market growth are the lack of awareness of consumers regarding sudden cardiac arrest (SCA), and the practice of Cardiology Defibrillators Devices during emergency cases. Furthermore, increasing pricing is creating pressure on patients to seek advanced Cardiology Defibrillators Devices, which reduce the potential growth of the Cardiology Defibrillators Devices Market.
Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in the Cardiology Defibrillators Devices Market. Cardiology Defibrillators Devices Market top 10 companies include Heartsine Technologies, Inc., Physio-Control, Inc., Sorin Group, Nihon Kohden Corporation, Medtronic, Inc., Zoll Medical Corporation, Laerdal Medical Corporation, Cardiac Science Corporation, Biotronik, BPL Medical Technologies and among others.
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Cardiology Defibrillators Devices Market Report Coverage
The report: “Cardiology Defibrillators Devices Market - Forecast (2022-2027)”, covers an in-depth analysis of the following segments of the Cardiology Defibrillators Devices Market.
- By type of Devices: Implantable Cardioverter Defibrillator (ICDs), External Defibrillator, Wearable Cardioverter Defibrillator (WCDs), Advanced Life Support Units and others.
- By End-User Industry: Hospitals, Institutes, Pre-hospital Care Settings, Ambulatory Surgery Centre and Others
- By Geography: North America, Europe, Asia-Pacific and Rest of the World.
Key Takeaways
- Geographically, North America is anticipated to dominate the global Cardiology Defibrillators Devices Market accounted the highest revenue share in 2019. Owing to the growing prevalence of Cardiac ailments, hypertension, diabetes, atherosclerosis, obesity and others in the region.
- Factors such as rising awareness about the lifesaving potential of AEDs among consumers are likely to aid in the market growth of Cardiology Defibrillators Devices.
- Detailed analysis of the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Cardiology Defibrillators Devices Market report.
Cardiology Defibrillators Devices Market Segment Analysis - By Type of Devices
Based on the Type of Devices, the Cardiology Defibrillators Devices Market is segmented into Implantable Cardioverter Defibrillator (ICDs), External Defibrillator, Wearable Cardioverter Defibrillator (WCDs), Advanced Life Support Units and others. The Implantable Cardioverter Defibrillator (ICDs) holds the major share in 2019. This is owing to the rising adoption of ICD devices and the growing prevalence of cardiac diseases is resulting in the high adoption of these devices. However, The External Defibrillator is set to be the fastest growing with a CAGR of 4.12% during the forecast period 2022-2027. This is owing to the rise in the technological advancements in defibrillators and an increase in investments from private players.
Cardiology Defibrillators Devices Market Segment Analysis - By End User Type
Based on End-user type the Cardiology Defibrillators Devices Market is segmented into Hospitals, Institutes, Pre-hospital Care Settings, Ambulatory Surgery Centre and Others. The Hospitals segment held a major share in 2019. This is owing to the increasing number of cardiovascular and raising geriatric population all over the globe. However, the pre-hospital care market is set to be the fastest-growing CAGR during the forecast period 2022-2027.this is owing to a surge in a number of hospitals and higher usage of defibrillators within pre- hospitals care.
Cardiology Defibrillators Devices Market Segment Analysis - By Geography
Based on Geography, Cardiology Defibrillators Devices Market is segmented into North America, Europe, Asia-Pacific and the Rest of the World. The North America region dominated the Cardiology Defibrillators Devices Market in 2019 with a share of 38.1%. This is owing to the rising prevalence of cardiac ailments, which is the second leading cause of death in the region. Europe is set to be the fastest-growing CAGR during the forecast period 2022-2027. This is owing to the rising adoption of ICD devices. The growing prevalence of cardiac diseases is resulting in the high adoption of these devices in the region.
Cardiology Defibrillators Devices Market Drivers
Increase in the demand for Wearable cardioverter defibrillators Devices.
Wearable cardioverter defibrillators devices have became widely accepted, as this device can be employed in a condition where the patient is waiting for implantable, owing to surgical contraindication and this device prevents the risk of cardiac arrest. Apart from these numerous technological advances in the wearable devices scheduled to happen in the future for instance decreasing the weight and size further to make it more comfortable for the patient improvement in signal to reduce the event of inappropriate detections and shocks.
Cardiology Defibrillators Devices Market Challenges
The main challenge for Cardiology Defibrillators Devices Market is, the key restrictive factors for market growth are the lack of awareness of consumers regarding sudden cardiac arrest (SCA), and the practice of Cardiology Defibrillators Devices during emergency cases. Furthermore, increasing pricing is creating pressure on patients to seek advanced Cardiology Defibrillators Devices, which reduce the potential growth of the Cardiology Defibrillators Devices Market.
Cardiology Defibrillators Devices MarketIndustry Outlook
Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in the Cardiology Defibrillators Devices Market. Cardiology Defibrillators Devices Market top 10 companies include Heartsine Technologies, Inc., Physio-Control, Inc., Sorin Group, Nihon Kohden Corporation, Medtronic, Inc., Zoll Medical Corporation, Laerdal Medical Corporation, Cardiac Science Corporation, Biotronik, BPL Medical Technologies and among others.
Cardiology Defibrillators Devices Market Developments:
- In June 2019, Zoll Medical Corporation acquired Cardiac Science Corporation (CSC), a leading provider of automated external defibrillators (AEDs) and strengthened the company’s portfolio by resourcing next-generation innovations.
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Table of Contents
1. Cardiology Defibrillators Devices Market - Overview
2. Cardiology Defibrillators Devices Market - Executive summary
3. Cardiology Defibrillators Devices Market
4. Cardiology Defibrillators Devices Market Forces
5. Cardiology Defibrillators Devices Market - Strategic analysis
6. Cardiology Defibrillators Devices Market - By Type of Surgical Approach (Market Size -$Million / $Billion)
7. Cardiology Defibrillators Devices Market - By type of Devices (Market Size -$Million / $Billion)
8. Cardiology Defibrillators Devices - By End Use Industry(Market Size -$Million / $Billion)
9. Cardiology Defibrillators Devices - By Geography (Market Size -$Million / $Billion)
10. Cardiology Defibrillators Devices Market - Entropy
11. Cardiology Defibrillators Devices Market Company Analysis
12. Cardiology Defibrillators Devices Market - Appendix
13. Cardiology Defibrillators Devices Market - Methodology
Methodology
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