Global Defibrillators Market: Overview
Defibrillators are tools used to give a therapeutic shock to the heart of a patient in critical conditions, including cardiac arrhythmia, pulseless ventricular tachycardia, and ventricular fibrillation. The defibrillation process includes giving the heart an electric shock that depolarizes the muscles of the heart and retains its standard electric impulse. Thus, the growing demand for defibrillators is expected to boost the market in the near future.
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Global Defibrillators Market: Growth Factors
The major factors contributing to boost the market for defibrillators include fast growth in the geriatric population with elevated risk of target diseases, production of technologically improved defibrillators, growing frequency of cardiovascular diseases globally, rising number of awareness & training programs around the world, and increasing attention of private & public organizations and major market players toward the public access defibrillation. In addition, the capability of defibrillators to rectify conditions associated with cardiac, including ventricular tachycardia, ventricular fibrillation, and cardiac arrhythmias will further propel the market growth.
Global Defibrillators Market: Segmentation
The global defibrillators market can be segmented based on end-user, product, and region. The end-user segment of the market is divided into alternate care markets, prehospitals, home care, public access markets, and clinics, cardiac centers, & hospitals. The product segment of the market is classified into external defibrillators and implantable cardioverter defibrillators. The external defibrillators segment of the defibrillators market is sub-segmented into wearable cardioverter defibrillators, manual external defibrillators, and automated external defibrillators. The automated external defibrillators segment of the market is diversified into fully automated external defibrillators and semi-automated external defibrillators. The implantable cardioverter defibrillators segment of the defibrillators market is sub-segmented into subcutaneous implantable cardioverter defibrillators and transvenous implantable cardioverter defibrillators. The transvenous implantable cardioverter defibrillators segment of the market is categorized into biventricular implantable cardioverter defibrillators/cardiac resynchronization therapy defibrillators, single-chamber implantable cardioverter defibrillators, and dual-chamber implantable cardioverter defibrillators. Regionally, the global defibrillators market is grouped into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global Defibrillators Market: Regional Analysis
North America is anticipated to dominate the global defibrillators market in the coming period. The growth of the market in this region can be attributed to the encouraging government programs pertaining to quicker therapy accessibility, the growing aging population, rising patient consciousness along with comparatively elevated healthcare spending, and refined healthcare infrastructure. Asia-Pacific region is also expected to boost in the market in the near future owing to the rising prevalence of cardiovascular diseases, enhancing healthcare infrastructure, increasing healthcare expenditure, and positive government proposals in this region.
Global Defibrillators Market: Competitive Players
The prominent players in the global defibrillators market are BIOTRONIK SE & Co. KG, St. Jude Medical, Inc., Koninklijke Philips N.V., Nihon Kohden Corporation, and Boston Scientific Corporation. The other key players in the market include Cardiac Science Corporation, ZOLL Medical Corporation, Medtronic PLC, LivaNova PLC, and Physio-Control, Inc.
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Global Defibrillators Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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