USD 17 billion
Automated External Defibrillators Market Size, Share, Growth Analysis, By Technology(Semi-Automatic, and Fully Automatic), By Key Sizes(Standard, and Pediatric), By End User(Hospital, Public Access, Emergency Medical Service, Homes), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2871 |
Region:
Global |
Published Date: April, 2024
Pages:
217
|Tables:
90
|Figures:
72
Automated External Defibrillators Market Insights
Automated External Defibrillator Market size was valued at USD 17 billion in 2022 and is poised to grow from USD 18.8 billion in 2023 to USD 39.1 billion by 2031, at a CAGR of 11% in the forecast period (2024-2031).
Automatic external defibrillators are life-saving tools that help correct irregular heart rhythms. The primary drivers propelling the growth of the automated electronic defibrillator market are the increasing incidence of cardiac disorders, the ageing population, and technological developments in the industry, which are bolstered by expanding investments from industry participants. Automatic defibrillators are machines that automatically monitor cardiac rhythm and, if an abnormality is found, shock the patient with electricity to return their heartbeat to normal. AEDs are deployed in many places (such as hospitals and airports) due to their portability and simplicity of use. They are crucial in expanding the window of opportunity for life-saving defibrillation.
Over the course of the projected period, the market for automated external defibrillators is anticipated to grow profitably due to the rising prevalence of cardiovascular disorders and the growing introduction of sophisticated automated external defibrillators. However, during the course of the projected period, factors including strict restrictions, a lack of awareness regarding sudden cardiac arrest, and a lack of early remedial actions may impede the growth of the analyzed market. The prevalence of cardiovascular disorders is rising, the population is ageing quickly, and automated defibrillator technology developments are the main reasons propelling the market expansion. Also, the market is growing as public access defibrillators are becoming more important. On the other hand, growing pricing pressure on market players limits market expansion.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fully Automatic
Fastest Growth
Semi Automatic
Growth Rate
11% CAGR
Global Automated External Defrillators Market ($ Bn)
Country Share for North America (%)
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Automated External Defibrillators Market Segmental Analysis
The global automated external defibrillators market is segmented based on technology type, key sizes type, end user type and regional type. In terms of technology type, the market is segmented into semi-automatic and fully automatic. Based on key sizes type, the market is bifurcated into standard and pediatric. Based on end user type, the market is bifurcated into hospitals, public access, emergency medical service, homes, workspace and private cardiac clinics. Based on region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. The technology-type segment is predicted to hold the largest market share over the projection period based on current market trends.
Automated External Defibrillator Market Analysis by Technology
As per categorization by technology type, the market is classified as semi-automatic and fully automatic. Among these, fully automatic earned the largest share and continues to dominate the market. Fully automatic variants are becoming more and more popular in the global market for automated external defibrillators, or AEDs. These devices' sophisticated algorithms allow for the quick and effective delivery of life-saving shocks without the need for human assistance. Due to its user-friendly design, which enables a wider range of users, including bystanders and non-medical workers, to access them, fully automatic AEDs are becoming more and more popular. Globally, this invention has the potential to greatly increase cardiac arrest response rates.
As it strikes a balance between user control and automation, the semi-automatic segment of the global automated external defibrillator (AED) market is anticipated to develop at the highest rate. By giving consumers suggestions and instructions, these gadgets enable users to manage therapy successfully and retain some degree of control over the procedure. Due to their adaptability to a variety of environments, such as public areas and healthcare institutions, semi-automatic AEDs are becoming more and more popular, which could lead to further market expansion.
Automated External Defibrillator Market Analysis by End User
The use and innovation of Automated External Defibrillators (AEDs) in hospital and emergency medical settings is noteworthy. AEDs are being seamlessly integrated into current emergency protocols by hospitals through modern monitoring systems with AEDs. Modern AEDs are also very helpful in pre-hospital treatment and emergency medical services due to their portability and user-friendly interfaces. Increased adoption rates in hospital settings and by emergency medical response teams are being driven by improved integration and usability, which is fueling the expansion of the global market for automated external defibrillators.
For many reasons, automated external defibrillators, or AEDs, are becoming more necessary in private cardiac clinics. First and foremost, AEDs provide prompt intervention in cardiac emergencies, which is essential for clinics that treat patients at high risk. Second, by offering life-saving measures until expert aid arrives, they improve clinic preparedness and reduce liability concerns. Finally, having AEDs in private cardiac clinics shows a dedication to patient safety and may draw patients looking for complete cardiac treatment, which could have an impact on the market's expansion for automated external defibrillators worldwide.
Global Automated External Defrillators Market By Technoloy (%)
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Automated External Defibrillators Market Regional Insights
The US and Canada make up the two largest segments of the North American market for automated external defibrillators. The largest market for automated external defibrillators is the United States. The market is primarily driven by a large population with diabetes, a significant growth in respiratory disorders, and a growing public awareness of respiratory diseases. For automated external defibrillators, the United States is expected to be the largest market because of several factors, including a rise in the prevalence of cardiovascular disease (CVDs). The market for automated external defibrillators is growing at the fastest rate in Asia Pacific as factors such increased rates of cardiovascular disease, developing healthcare systems, and government programmes that encourage public access to these life-saving equipment. Elevated adoption rates in the region can also be attributed to increased awareness and training initiatives.
The markets for automated external defibrillators (AEDs) are expanding at the quickest rates in Europe, Latin America, the Middle East, and Africa. Growth in the European market is driven by the ageing population, public access to AEDs efforts by governments, and the availability of sophisticated healthcare infrastructure. Improvements in healthcare facilities and increased knowledge of sudden cardiac arrest are observed in Latin America. AED use is accelerating across the Middle East and Africa, where rising healthcare spending, increasing public awareness campaigns, and expenditures in emergency medical services are all driving the device's market expansion.
Global Automated External Defrillators Market By Geography
- Largest
- Fastest
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Automated External Defibrillators Market Dynamics
Automated External Defibrillator Market Drivers
Demand for Automatic External Defibrillators
- With an electric shock to the heart, the automated external defibrillator can help restore abnormal cardiac rhythms, which is why it is becoming more and more popular. In the upcoming years, it is anticipated that the worldwide market for automated external defibrillators will offer revenue-generating potential due to the rising use of this device in the treatment of patients experiencing sudden cardiac arrest. Additionally, a rise in the number of smokers and alcohol addicts could open profitable business prospects.
Device Use Training Program
- The automated external defibrillator is gaining popularity as it can help restore irregular cardiac rhythms by giving the heart an electric shock. As automated external defibrillators are being used more often to treat patients experiencing sudden cardiac arrest, it is expected that the global market for these devices will have the potential to generate income in the coming years. A spike in alcoholism and smoking rates may also present lucrative economic opportunities.
Automated External Defibrillator Market Restraints
Modulation Hurdles
- Market participants may face difficulties because of strict laws and guidelines controlling the production, export, and use of AEDs in various nations. This could cause delays in the approval of new products and market entry.
Limited Training Among Potential Users
- AEDs are vital tools for saving lives in cardiac emergencies, but not everyone or every organisation knows where to find them or how to use them properly. AEDs are less effective when users are not properly trained, which stunts market expansion and results in underutilization. To overcome this obstacle and raise AED adoption rates globally, more education and training programmes are required.
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Automated External Defibrillators Market Competitive Landscape
Intense competition among major competitors vying for market supremacy characterises the competitive environment of the global automated external defibrillator market. Global firms with broad product portfolios and business alliances, such Philips Healthcare, ZOLL Medical Corporation, and Stryker Corporation, control large market shares. In this crucial medical device industry, up-and-coming companies like Physio-Control and Cardiac Science Corporation are also making noteworthy progress, encouraging innovation and boosting competitiveness.
Automated External Defibrillator Market Top Player’s Company Profiles
- Cardiac Science Corporation (The U.S)
- Koninklijke Philips N.V. (Netherlands)
- Biotronik (Germany). GE Healthcare (The U.S)
- Schiller AG (Switzerland)
- Stryker Corporation (The U.S)
- Mindray Medical International Limited (China)
- Physio-Control Corporation (The U.S)
- Metrax GmbH (Germany)
- Boston Scientific Corporation
- CU Medical Systems Inc.
- Philips Healthcare
- HeartSine Technologies (part of Stryker Corporation)
- Welch Allyn (now part of Hillrom)
Automated External Defibrillator Market Recent Developments
- In May 2023, Vithas and Shenzhen Mindray Bio-Medical Electronics Co Ltd formed a strategic cooperation. As per the agreement, Vithas has implemented cutting-edge patient monitoring technologies in all 20 of its facilities. Vithas was able to enhance patient safety in vital areas like intensive care units, operating rooms, post-anesthesia recovery units, and emergency rooms as part of the strategic relationship.
- In April 2020, Philips kept up its adherence to the conditions of the FDA's consent decree, which is still in force and covers regular facility inspections and regulatory compliance monitoring for the company's other patient care businesses as well as the ECR division. The company started producing and distributing external defibrillators within the United States after receiving notification from the FDA that the ban on those operations has been removed.
- In October 2023, by purchasing 80 cutting-edge Holters connected to a web server, the Murcia Health Service made a significant advancement in the treatment of patients suffering from palpitations, arrhythmias, and strokes. Cardiologists could read and interpret the examination results from any location, and the results would be automatically entered into the electronic patient record.
Automated External Defibrillators Key Market Trends
- Uprising in Automated External Defibrillators: Technology is advancing quickly in the industry. Artificial intelligence (AI), cloud connectivity, and smart features are just a few examples of how AEDs are being improved in terms of usability, accuracy, and connectivity to improve patient outcomes and enable remote monitoring.
- Maximum Accessibility: An increasing number of awareness campaigns, government initiatives requiring AED installation in public buildings, and community-driven programmes pushing for widespread AED deployment to increase cardiac arrest survival rates have led to a focus on improving AED accessibility in public spaces, workplaces, and homes.
Automated External Defibrillators Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in order to shock the heart with electricity to restore abnormal cardiac rhythms, automated external defibrillators are becoming more and more used in the treatment of sudden cardiac arrest. The global market is expected to experience revenue growth due to the expansion of device applications and the potential prospects presented by higher rates of alcoholism and smoking. Furthermore, AED utilization is impeded by inadequate awareness and training among potential users, highlighting the necessity of comprehensive education campaigns to encourage wider adoption and enhance the effectiveness of cardiac emergency response.
The global market for automated external defibrillators is dominated by fierce competition among major players like Philips Healthcare, ZOLL Medical Corporation, and Stryker Corporation. Established companies in the industry leverage broad product portfolios and strategic alliances, while up-and-coming companies like Physio-Control and Cardiac Science Corporation boost market competitiveness and innovation. Rapid technical breakthroughs like AI integration, cloud connectivity, and smart features are driving a rise in the Automated External Defibrillator (AED) sector. These advancements improve usability, accuracy, and connectivity for improved patient outcomes and remote monitoring capabilities. Furthermore, an increasing number of community-driven projects, government regulations, and awareness campaigns highlight the importance of widespread AED deployment and enhancing accessibility in homes, workplaces, and public areas in order to raise the rate of cardiac arrest survival.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 17 billion |
| Market size value in 2031 | USD 39.1 billion |
| Growth Rate | 11% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automated External Defibrillators Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automated External Defibrillators Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automated External Defibrillators Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automated External Defibrillators Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automated External Defibrillators Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automated External Defibrillators Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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