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

Global 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).

In recent times, there has been a concerted effort to enhance outcomes for adults experiencing cardiac arrest by promoting the utilization of automated external defibrillators as a crucial component of the survival process. These external defibrillators (ADs) are compact and portable tools designed to administer an electric shock to the heart through the chest. This shock has the potential to halt irregular heartbeats (arrhythmias) and reinstate a normal cardiac rhythm following instances of sudden cardiac arrest (SCA).

The market for these defibrillator devices is anticipated to experience growth due to various factors, including the increasing emphasis on public access defibrillators (PADs) by both public and private entities.

Additionally, advancements in defibrillator technology, the rapid rise in the elderly population with heightened susceptibility to targeted ailments, and a surge in the prevalence of cardiac disorders are projected to contribute to market expansion.

Furthermore, the market's growth trajectory is influenced by significant factors such as the escalating global incidence of cardiovascular diseases, encompassing conditions like coronary heart disease, cerebrovascular disease, rheumatic heart disease, and others.

US External Defibrillators Market is poised to grow at a sustainable CAGR for the next forecast year.