- Press Release
- Defibrillators Market to Surpass US$ 22,014.9 Million by 2027
Defibrillators Market to Surpass US$ 22,014.9 Million by 2027 - Coherent Market Insights
Published On : Oct 30, 2019
Global Defibrillators Market, by Product Type (Implantable Cardioverter Defibrillators (Single Chamber Implantable Cardioverter Defibrillators and Dual Cardioverter Defibrillators) and External Defibrillators (Manual External Defibrillators, Automated External Defibrillators, and Wearable Cardioverter Defibrillators)), by End User (Hospitals, Cardiac Clinics, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 13,676.1 million in 2018, and is projected to exhibit a CAGR of 5.5 % over the forecast period (2019 – 2027).
Increasing incidence and prevalence of cardiovascular disorders is expected to fuel demand for defibrillators during the forecast period
Increasing incidence of cardiovascular disorders along with increasing demand for defibrillators is expected to drive the market growth during the forecast period. For instance, according to the America Heart Association’s report published in 2019, around 50% of all adults in the U.S. suffer from ]cardiovascular disorders. Key players in the market are focused on expanding their product portfolio through new product approvals. For instance, in April 2019, Stryker launched new defibrillation solution LIFEPAK CR2 defibrillator with LIFELINK central AED program manager for analysis of heart rhythm during CPR, in the U.S. Furthermore, increasing merger and acquisition activities is also expected to drive growth of the global defibrillators market during the forecast period. For instance, in January 2017, Abbott announced acquisition of St. Jude Medical, Inc. The acquisition assisted Abbott to strengthen its market positioning and increase product offering in defibrillators market.
Browse 35 Market Data Tables and 24 Figures spread through 180 Pages and in-depth TOC on ‘Defibrillators Market’- Global Forecast to 2027, by Product Type (Implantable Cardioverter Defibrillators (Single Chamber Implantable Cardioverter Defibrillators and Dual Cardioverter Defibrillators) and External Defibrillators (Manual External Defibrillators, Automated External Defibrillators, and Wearable Cardioverter Defibrillators)), by End User (Hospitals, Cardiac Clinics, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in the defibrillators market, click the link below:
https://www.coherentmarketinsights.com/market-insight/defibrillators-market-115
Increasing demand for defibrillators from developing region of the world is expected to propel the growth of the defibrillators market during the forecast period in countries such as India. As manufacturers are increasing focus towards these developing regions to cope up with the demand due to increasing incidence and prevalence of cardiovascular disorders. In the recent past, there has been a rapid increase in patient population in developing economies such as India. For instance, according to America Heart Association’s report published in 2016, cardiovascular diseases (CVDs) are a leading cause of mortality in India. The standardized CVD death rate was 272 per 100,000 population in India, which is higher than the worldwide death rate of 235 per 100,000 population. Key players in the market are focused on adopting new and advance technology for production of efficient product. For instance, in March 2019, BIOTRONIK announced European market launch of Acticor and Rivacor ICD and CRT-D Devices, the world’s smallest implantable cardioverter-defibrillator (ICD) and cardiac resynchronization therapy defibrillator.
Key Takeaways of the Defibrillators Market:
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