Hospital and Pre-Hospital External Defibrillator Market was
valued at $2,260 million in 2017, and is expected to reach $3,737 million by
2025, growing at a CAGR of 6.4% from 2018 to 2025. In terms of volume, the
market accounted for 727 thousand units in 2017 and is projected to reach 1,364
thousand units by 2025, growing at a CAGR of 8.1% during the forecast period.
Defibrillators are medical devices that are used to restore a
normal heartbeat by giving an electric pulse or shock to the heart. These are
used to rectify an abnormal heart rhythm to restore the normal heartbeat in
conditions such as ventricular fibrillation, pulseless ventricular tachycardia,
cardiac arrest, and cardiac arrhythmia.
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The major factors such as rise in incidence of cardiovascular
diseases, technological advancements in defibrillator device, higher number of
unmet medical needs for treatment of sudden cardiac arrest, surge in awareness
of automated external defibrillators in developing economies, and increase in
geriatric population, are anticipated to boost the market growth. However,
higher cost of defibrillators is projected to hamper the growth of the market.
Conversely, rise in adoption of external defibrillators and lucrative
opportunities in emerging economies are the factors projected to make way for
numerous growth opportunities during the forecast period.
Based on type, the external defibrillator market is segmented as
automated and manual. The automated external defibrillator segment dominated the
global market in 2017 and is expected to maintain this trend throughout the
analysis period. Moreover, the automated external defibrillator segment is
expected to experience rapid growth during the forecast period. increase in
demand for automated external defibrillators in the developed economies such as
North America & Europe, and rise in awareness in developing economies
further boost the market growth.
Based on end user, the external defibrillator market is
categorized as hospitals and pre-hospitals. The hospitals segment is the
largest revenue contributing segment in the global hospital and pre-hospital
external defibrillators market due to the higher usage of external
defibrillators within hospitals specially in ICU, and emergency rooms.
Key Findings of the Hospital and Pre-Hospital External Defibrillator
Market:
Based on type, the manual external defibrillator segment
accounted for more than one third share of the global hospital and pre-hospital
external defibrillators market in 2017 (in terms of volume).
Based on end user, the pre-hospital segment is expected to grow
at a CAGR of 7.6% from 2018 to 2025 in terms of value.
North America accounted for more than one half share of the
global market in 2017.
Asia-Pacific is expected to provide lucrative growth
opportunities in the market and grow at a CAGR of 8.6% from 2018 to 2025 in
terms of value.
In terms of value and volume, North America was the leading
contributor to the global hospital and pre-hospital external defibrillators
market in 2017 and is expected to dominate the market during the forecast
period. This is attributed primarily to the rise in prevalence of cardiac
arrhythmia disorders, higher awareness among the healthcare personnel, easy
product availability, high adoption rate of technologically advanced
defibrillators, presence of highly sophisticated healthcare infrastructure,
favorable reimbursement framework for defibrillators, and increased patient
awareness about the availability of congestive heart failure (CHF) treatment
options. Moreover, Asia-Pacific is projected to experience rapid growth
throughout the analysis period. Japan is the leader in the Asia-Pacific
external defibrillator market, due to the higher awareness regarding cardiac
arrest and surge in demand for automated external defibrillators. Also, improvement
in healthcare infrastructures and rise in expenditures in the emerging markets
(such as India and China) to overcome the unmet medical needs in these
countries boost the market growth. Technological advancements for
cost-effective devices in these nations offer lucrative opportunities for the
growth of the external defibrillator market.
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