Defibrillator market size is growing to reach USD 24.608 billion by 2030, growing at a CAGR of 6.6%
Defibrillator Market size was valued at USD 13,168 Million in 2020 and is projected to reach USD 24,608.3 Million by 2030, registering a CAGR of 6.6% from 2021 to 2030
PORTLAND, OREGON, USA, July 29, 2022 /EINPresswire.com/ — Emphasis on installation of public access defibrillator (PAD) by public and private organizations, development of advanced defibrillators and increasing incidence of heart diseases are driving the growth of the market global defibrillator market. Additionally, increasing adoption of technologically advanced defibrillation devices and increasing demand for quality medical care complement the growth. However, heavy pricing pressure on market players is restraining the growth of the market. On the other hand, advances in next-generation external defibrillators to improve safety and efficiency present new opportunities in the coming years.
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The Covid-19 pandemic has impacted the purchasing capacities of hospitals, especially small hospitals, due to the shift towards purchasing resources to care for patients infected with Covid-19. This has led to canceled or postponed agreements for defibrillators.
Many public and private organizations have stopped or postponed the activities of installing defibrillators in public places due to the possibility of cross-contamination and the containment measures put in place by governments.
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“The increasing incidence of sudden cardiac arrest (SCA) and cardiovascular disease across the world, technological advances in defibrillators, increased awareness of defibrillators among physicians and the general public, and the strong presence of unmet medical needs are driving the growth of the defibrillator market.”
Major factors driving the growth of the defibrillator market include increase in product development in the field of defibrillators, increase in the incidence of sudden cardiac arrests, growing awareness among the general public about the use of defibrillators, and initiatives support from governments and health organizations for the effective use of defibrillation in hospitals and research centers. However, side effects associated with defibrillator use, such as blood clots in arteries and veins, frequent product recalls, and lack of awareness of sudden cardiac arrest in developing countries, are expected to hamper the growth of the defibrillator market over the forecast period. Additionally, limited reimbursements in developed countries, lack of healthcare infrastructure especially in developing and underdeveloped countries are also expected to hamper the growth of the market.
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List of key players profiled:
Asahi Kasei Society
Biotronik SE & Co. KG
Boston Scientific Society
Cardiac Sciences Society
Nihon Kohden Corporation
St. Jude Medical, Inc.
We also offer regional and national reports –
Japan defibrillator market
defibrillator market in south korea
Singapore defibrillator market
Defibrillator market in China
Defibrillator market in Indonesia
Australia defibrillator market
Taiwan defibrillator market
“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your reference, considering the impact of Covid-19 on this market, which will help you to assess the impact of the pandemic on the short and long-term growth trends of this market.
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