Global Automated External Defibrillators Market

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 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 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).

Intense competition among major competitors vying for market supremacy characterises the competitive environment of the automated external defibrillator market. 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. 'Nihon Kohden Corporation (Japan)', 'Asahi Kasei Medical Co., Ltd (Japan)', 'Cardiac Science Corporation (The U.S)', 'Zoll Medical 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)'

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.

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.

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.

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Global Automated External Defibrillators Market

Report ID: SQMIG35A2871

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