External Defibrillators Market Size, Share, Growth Analysis, By Product Type(Manual external defibrillator, Automated external defibrillator (AED), and Wearable Cardioverter Defibrillator (WCD)), By End User(Hospitals, pre-hospital, public access market, alternate care market), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2443 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 65 | Figures: 75

External Defibrillators Market News

In May 2023, Boston Scientific launched the EMPOWER™ External Defibrillator with smart features, including mobile app connectivity, patient education resources, and remote monitoring capabilities.
The FDA approved Avive Solutions' handheld automated external defibrillator (AED) with special features in January 2023. The handheld Avive Connect AED incorporates GPS technology, remote maintenance, cellular and WiFi connectivity, and a high degree of portability.
In order to expand life-saving equipment and services across the country, Safe Life purchased Coro Medical and AED.us in March 2023. AED.us is a national market participant in automated external defibrillator (AED) sales and services.

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External Defibrillators Market size was valued at USD 3.19 billion in 2022 and is poised to grow from USD 3.49 billion in 2023 to USD 7.10 billion by 2031, growing at a CAGR of 9.30% in the forecast period (2024-2031).

The external defibrillators market is characterized by a dynamic and competitive landscape, shaped by a diverse array of industry participants. These players engage in strategic initiatives, including product innovation, research and development, partnerships, and mergers and acquisitions, aimed at gaining a competitive edge in the market. As advancements in technology continue to drive the industry, companies strive to introduce innovative defibrillator solutions that enhance user-friendliness, efficacy, and patient outcomes. 'Medtronic (US)', 'Philips Healthcare (Netherlands)', 'ZOLL Medical Corporation (US)', 'Physio-Control (US)', 'Cardiac Science Corporation (US)', 'Defibtech LLC (US)', 'Stryker Corporation (US)', 'CU Medical Systems Inc. (South Korea)', 'Schiller AG (Switzerland)', 'Nihon Kohden Corporation (Japan)', 'Boston Scientific Corporation (US)', 'Mindray Medical International Limited (China)', 'GE Healthcare (US)', 'Progetti Srl (Italy)', 'HeartSine Technologies LLC (UK)', 'Fukuda Denshi Co. Ltd. (Japan)', 'Welch Allyn (US)', 'PRIMEDIC (Germany)', 'METsis Medikal A.S. (Turkey)', 'Bexen Cardio (Spain)'

A key driver in the dynamics of the external defibrillators market is the growing emphasis on public access to defibrillation. This shift towards making defibrillators more widely available in public spaces, such as airports, shopping centers, and sports facilities, is aimed at improving the chances of timely intervention during sudden cardiac emergencies. Governments, organizations, and healthcare institutions are increasingly recognizing the vital role of automated external defibrillators (AEDs) in saving lives. This push for broader accessibility is not only increasing the demand for defibrillators but also influencing innovations in device design and user-friendliness to ensure that individuals with minimal medical training can effectively use them in critical situations.

Advancing Connectivity: Modern external defibrillators are increasingly being equipped with wireless connectivity, cloud-based data storage, and remote monitoring capabilities. This trend allows healthcare providers and emergency responders to access real-time information about device status, usage history, and patient outcomes. Connected defibrillators enable quicker response times, as medical professionals can remotely assess situations and provide guidance during emergencies. Additionally, the collected data can be analyzed to identify usage patterns, optimize device performance, and refine training programs. This integration of connectivity not only enhances the efficiency of external defibrillator deployment but also contributes to better patient care and outcomes through informed decision-making.

North America has emerged as the largest and dominating market in the external defibrillators industry. The region's advanced healthcare infrastructure, strong emphasis on public safety, and high awareness about cardiac health have played a pivotal role. Robust investment in medical technology and widespread adoption of automated external defibrillators (AEDs) in various public spaces, including airports, schools, and sports arenas, have propelled market growth. Additionally, a proactive regulatory environment, coupled with significant efforts to raise awareness about sudden cardiac arrest and the importance of timely intervention, has further boosted the demand for external defibrillators in North America. These factors collectively position the region at the forefront of the market.

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