Automated External Defibrillators Market: Segmented: By Product Type (Implantable defibrillators and External defibrillators), By End-User (hospitals, clinics, cardiac centers, public-access markets, alternate care facilities, home care settings, and others), And Region – Global Analysis of Market Size, Share & Trends for 2019–2020 And Forecasts to 2031
Automated External Defibrillators Market: Segmented: By Product Type (Implantable defibrillators and External defibrillators), By End-User (hospitals, clinics, cardiac centers, public-access markets, alternate care facilities, home care settings, and others), And Region – Global Analysis of Market Size, Share & Trends for 2019–2020 And Forecasts to 2031
Abstract
[ 170 + Pages Research Report ] Automated External Defibrillator Market to surpass USD 3,218.3 million by 2031 from USD 1,375.3 million in 2021 at a CAGR of 8.9% in the coming years, i.e., 2021-31.
Product Overview
An automated external defibrillator (AED) is a small, portable device that shocks the heart with an electric shock delivered via the chest. Following a cardiopulmonary arrest, the shock may be used to stop an erratic heartbeat & allow a normal beat to restart following SCA. Automated defibrillators are devices that analyze the heart rhythm automatically and respond by administering an electric shock to re-establish a normal heart-beat if a problem is found. AEDs are deployed in numerous venues (such as hospitals & airports) and serve a major role in improving the number of options for life-saving defibrillation because of their modest size and ease of use.
Market Highlights
The global Automated External Defibrillator market is expected to project a notable CAGR of 8.9% in 2031.
The increased prevalence of target diseases, the expanding focus on providing public-access defibrillators, and defibrillator training and awareness campaigns are all driving market expansion. Emerging markets, as well as the advancement of S-ICDs as well as MRI-compatible ICDs and CRT-Ds, are likely to provide growth possibilities for defibrillator manufacturers.
Global Automated External Defibrillator: Segments
Implantable defibrillators material segment to grow with the highest CAGR during 2021-31
Based on product type, the defibrillator market is segmented into implantable defibrillators and external defibrillators. Due to the rapid increase in the elderly population, the advent of new technologies increased acceptance of S-ICDs, and the rise in the occurrence of sudden cardiac arrests (SCA), the implantable defibrillator sector now dominated the overall defibrillator market (SCA). The rising frequency of cardiovascular disorders as well as the development of technologically improved defibrillators is responsible for this market segment's considerable share.
Hospitals, Clinic & Cardiac centers to grow with the highest CAGR during 2021-31
The defibrillator market is divided into hospitals, clinics, cardiac centers, public-access markets, alternative care facilities, home care settings, and others, based on end-users. Due to the sheer increased number of cardiac patients treated in hospitals and surgery performed in hospital settings, the hospitals, clinics, and cardiac centers segment led the global defibrillator market and is expected to continue to do so. In hospitals, both ICDs & external defibrillator is increasingly being used to treat patients with sudden cardiac arrest as well as other conditions. However, due to an increase in the need for early diagnosis & initiatives done by private or government entities to build alternative care systems, the appropriate treatment is to grow significantly throughout the projection period.
Market Dynamics
Drivers
Rising advancements in the development of defibrillators
Advances in the development of next-generation external defibrillators, which are expected to increase safety and effectiveness, are expected to generate profitable prospects. Defibrillators are intended to improve the industry's ability to identify and address problems related to devices. Automated external defibrillators (AEDs) dominate the worldwide external defibrillator market, which is predicted to grow at the fastest rate in the future due to increased usage by heart failure patients around the world. The market has grown as the number of community access AEDs has increased. Manual external defibrillators are the second-largest market for external defibrillators, followed by portable external defibrillators.
Increasing R&D activities by major players
Over the projection period, rising rates of lifestyle diseases such as cardiac problems and cardiac arrests, combined with a rapidly aging population, are likely to boost demand for defibrillation procedures and the automated external defibrillator market. Over the forecast period, the market is expected to rise due to rising awareness of the condition and rising demand for SCA therapy. Over the projected period, technological advances and increased R&D activities by major competitors are expected to offer new revenue opportunities in the target market.
Restraint
Lack of awareness
However, a lack of awareness of sudden cardiac arrest as well as an increase in product recalls is two main factors that may limit the target market's growth throughout the projection period. Also, challenges associated with the usage of implantable & automated external defibrillators, and frequent recalls regarding sudden cardiac arrest in emerging countries are projected to stymie the market's expansion.
Global Automated External Defibrillator: Key Players
Asahi Kasei Corporation
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Stryker Corporation
Biotronik SE & Co. KG
Boston Scientific Corporation
Philips Healthcare
LivaNova PLC
Medtronic plc
Cardiac Science Corporation
Nihon Kohden Corporation
St. Jude Medical, Inc.
Other Prominent Players
Global Automated External Defibrillator: Regions
Global Automated External Defibrillator market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Due to the rising incidence of heart attacks and the presence of a large patient population suffering from cardiac disorders, the automated external defibrillators market in North America is likely to dominate the global industry. Other factors expected to drive considerable growth in the North American market over the next ten years include the increasing presence of sophisticated research institutions in the US, as well as leading industry participants, focused on the development of enhanced external defibrillators.
Impact of Covid-19 on Automated External Defibrillator Market
The COVID-19 outbreak had a negative economic impact in 2020 and caused various challenges to clinical healthcare physicians and patients all around the world. Logistical concerns, illness management, prioritizing patients with comorbidities and pre-existing disorders, and then further protecting the public and hospital staff from COVID-19 are all key challenges that healthcare systems around the world are dealing with. Hospitals' purchasing power of hospitals also harmed due to pandemics. Furthermore, many people have lost their employment and livelihoods as a result of the lockdowns, which had a significant impact on patient purchasing patterns.
Global Automated External Defibrillator is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
the Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Automated External Defibrillator report also contains analysis on:
Automated External Defibrillator Segments:
By Product
Implantable defibrillators
External defibrillators
By End-User
Hospitals, clinics, and cardiac centers
Public-access markets
Alternate care facilities
Home care settings
Others
Automated External Defibrillator Dynamics
Automated External Defibrillator Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Automated External Defibrillator Market Report Scope and Segmentation
Report AttributeDetails
The market size value in 2021USD 1,375.3 million
The revenue forecast in 2031USD 3,218.3 million
Growth RateCAGR of 8.9% from 2021 to 2031
The base year for estimation2020
Quantitative units
Revenue in USD million and CAGR from 2021 to 2031
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments coveredProduct, End-User, and Region
Regional scopeNorth America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiledStryker Corporation, Biotronik SE & Co. KG, Boston Scientific Corporation, Philips Healthcare, LivaNova PLC, Medtronic plc, Cardiac Science Corporation, Nihon Kohden Corporation, St. Jude Medical, Inc., and Other Prominent Players.
Content
Table of Contents
1.Executive Summary
2.Global Automated External Defibrillator Market
2.1.Product Overview
2.2.Market Definition
2.3.Segmentation
2.4.Assumptions and Acronyms
3.Research Methodology
3.1.Research Objectives
3.2.Primary Research
3.3.Secondary Research
3.4.Forecast Model
3.5.Market Size Estimation
4.Average Pricing Analysis
5.Macro-Economic Indicators
6.Market Dynamics
6.1.Growth Drivers
6.2.Restraints
6.3.Opportunity
6.4.Trends
7.Correlation & Regression Analysis
7.1.Correlation Matrix
7.2.Regression Matrix
8.Recent Development, Policies & Regulatory Landscape
9.Risk Analysis
9.1.Demand Risk Analysis
9.2.Supply Risk Analysis
10.Global Automated External Defibrillator Market Analysis
10.1.Porter Five Forces
10.1.1.Threat of New Entrants
10.1.2.Bargaining Power of Suppliers
10.1.3.Threat of Substitutes
10.1.4.Rivalry
10.2.PEST Analysis
10.2.1.Political
10.2.2.Economic
10.2.3.Social
10.2.4.Technological
11.Global Automated External Defibrillator Market
11.1.Market Size & forecast, 2020A-2031F
11.1.1.By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
11.1.2.By Volume (Million Units) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.Global Automated External Defibrillator Market: Market Segmentation
12.1.By Regions
12.1.1.North America:(U.S. and Canada), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.2.Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.3.Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.4.Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.5.the Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.By Product Type: Market Share (2020-2031F)
12.2.1.Implantable defibrillators, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.2.External defibrillators, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.By End-User: Market Share (2020-2031F)
12.3.1.Hospitals, clinics, and cardiac centers, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.2.Public-access markets, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.3.Alternate care facilities, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.4.Home care settings, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.5.Others, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
13.Company Profile
13.1.Asahi Kasei Corporation
13.1.1.Company Overview
13.1.2.Company Total Revenue (Financials)
13.1.3.Market Potential
13.1.4.Global Presence
13.1.5.Key Performance Indicators
13.1.6.SWOT Analysis
13.1.7.Product Launch
13.2.Stryker Corporation
13.3.Biotronik SE & Co. KG
13.4.Boston Scientific Corporation
13.5.Philips Healthcare
13.6.LivaNova PLC
13.7.Medtronic plc
13.8.Cardiac Science Corporation
13.9.Nihon Kohden Corporation
13.10.St. Jude Medical, Inc.
13.11.Other Prominent Players
13.11.1.Consultant Recommendation
13.11.2.The above-given segmentation and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Product Overview
An automated external defibrillator (AED) is a small, portable device that shocks the heart with an electric shock delivered via the chest. Following a cardiopulmonary arrest, the shock may be used to stop an erratic heartbeat & allow a normal beat to restart following SCA. Automated defibrillators are devices that analyze the heart rhythm automatically and respond by administering an electric shock to re-establish a normal heart-beat if a problem is found. AEDs are deployed in numerous venues (such as hospitals & airports) and serve a major role in improving the number of options for life-saving defibrillation because of their modest size and ease of use.
Market Highlights
The global Automated External Defibrillator market is expected to project a notable CAGR of 8.9% in 2031.
The increased prevalence of target diseases, the expanding focus on providing public-access defibrillators, and defibrillator training and awareness campaigns are all driving market expansion. Emerging markets, as well as the advancement of S-ICDs as well as MRI-compatible ICDs and CRT-Ds, are likely to provide growth possibilities for defibrillator manufacturers.
Global Automated External Defibrillator: Segments
Implantable defibrillators material segment to grow with the highest CAGR during 2021-31
Based on product type, the defibrillator market is segmented into implantable defibrillators and external defibrillators. Due to the rapid increase in the elderly population, the advent of new technologies increased acceptance of S-ICDs, and the rise in the occurrence of sudden cardiac arrests (SCA), the implantable defibrillator sector now dominated the overall defibrillator market (SCA). The rising frequency of cardiovascular disorders as well as the development of technologically improved defibrillators is responsible for this market segment's considerable share.
Hospitals, Clinic & Cardiac centers to grow with the highest CAGR during 2021-31
The defibrillator market is divided into hospitals, clinics, cardiac centers, public-access markets, alternative care facilities, home care settings, and others, based on end-users. Due to the sheer increased number of cardiac patients treated in hospitals and surgery performed in hospital settings, the hospitals, clinics, and cardiac centers segment led the global defibrillator market and is expected to continue to do so. In hospitals, both ICDs & external defibrillator is increasingly being used to treat patients with sudden cardiac arrest as well as other conditions. However, due to an increase in the need for early diagnosis & initiatives done by private or government entities to build alternative care systems, the appropriate treatment is to grow significantly throughout the projection period.
Market Dynamics
Drivers
Rising advancements in the development of defibrillators
Advances in the development of next-generation external defibrillators, which are expected to increase safety and effectiveness, are expected to generate profitable prospects. Defibrillators are intended to improve the industry's ability to identify and address problems related to devices. Automated external defibrillators (AEDs) dominate the worldwide external defibrillator market, which is predicted to grow at the fastest rate in the future due to increased usage by heart failure patients around the world. The market has grown as the number of community access AEDs has increased. Manual external defibrillators are the second-largest market for external defibrillators, followed by portable external defibrillators.
Increasing R&D activities by major players
Over the projection period, rising rates of lifestyle diseases such as cardiac problems and cardiac arrests, combined with a rapidly aging population, are likely to boost demand for defibrillation procedures and the automated external defibrillator market. Over the forecast period, the market is expected to rise due to rising awareness of the condition and rising demand for SCA therapy. Over the projected period, technological advances and increased R&D activities by major competitors are expected to offer new revenue opportunities in the target market.
Restraint
Lack of awareness
However, a lack of awareness of sudden cardiac arrest as well as an increase in product recalls is two main factors that may limit the target market's growth throughout the projection period. Also, challenges associated with the usage of implantable & automated external defibrillators, and frequent recalls regarding sudden cardiac arrest in emerging countries are projected to stymie the market's expansion.
Global Automated External Defibrillator: Key Players
Asahi Kasei Corporation
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Stryker Corporation
Biotronik SE & Co. KG
Boston Scientific Corporation
Philips Healthcare
LivaNova PLC
Medtronic plc
Cardiac Science Corporation
Nihon Kohden Corporation
St. Jude Medical, Inc.
Other Prominent Players
Global Automated External Defibrillator: Regions
Global Automated External Defibrillator market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Due to the rising incidence of heart attacks and the presence of a large patient population suffering from cardiac disorders, the automated external defibrillators market in North America is likely to dominate the global industry. Other factors expected to drive considerable growth in the North American market over the next ten years include the increasing presence of sophisticated research institutions in the US, as well as leading industry participants, focused on the development of enhanced external defibrillators.
Impact of Covid-19 on Automated External Defibrillator Market
The COVID-19 outbreak had a negative economic impact in 2020 and caused various challenges to clinical healthcare physicians and patients all around the world. Logistical concerns, illness management, prioritizing patients with comorbidities and pre-existing disorders, and then further protecting the public and hospital staff from COVID-19 are all key challenges that healthcare systems around the world are dealing with. Hospitals' purchasing power of hospitals also harmed due to pandemics. Furthermore, many people have lost their employment and livelihoods as a result of the lockdowns, which had a significant impact on patient purchasing patterns.
Global Automated External Defibrillator is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
the Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Automated External Defibrillator report also contains analysis on:
Automated External Defibrillator Segments:
By Product
Implantable defibrillators
External defibrillators
By End-User
Hospitals, clinics, and cardiac centers
Public-access markets
Alternate care facilities
Home care settings
Others
Automated External Defibrillator Dynamics
Automated External Defibrillator Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Automated External Defibrillator Market Report Scope and Segmentation
Report AttributeDetails
The market size value in 2021USD 1,375.3 million
The revenue forecast in 2031USD 3,218.3 million
Growth RateCAGR of 8.9% from 2021 to 2031
The base year for estimation2020
Quantitative units
Revenue in USD million and CAGR from 2021 to 2031
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments coveredProduct, End-User, and Region
Regional scopeNorth America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiledStryker Corporation, Biotronik SE & Co. KG, Boston Scientific Corporation, Philips Healthcare, LivaNova PLC, Medtronic plc, Cardiac Science Corporation, Nihon Kohden Corporation, St. Jude Medical, Inc., and Other Prominent Players.
1.Executive Summary
2.Global Automated External Defibrillator Market
2.1.Product Overview
2.2.Market Definition
2.3.Segmentation
2.4.Assumptions and Acronyms
3.Research Methodology
3.1.Research Objectives
3.2.Primary Research
3.3.Secondary Research
3.4.Forecast Model
3.5.Market Size Estimation
4.Average Pricing Analysis
5.Macro-Economic Indicators
6.Market Dynamics
6.1.Growth Drivers
6.2.Restraints
6.3.Opportunity
6.4.Trends
7.Correlation & Regression Analysis
7.1.Correlation Matrix
7.2.Regression Matrix
8.Recent Development, Policies & Regulatory Landscape
9.Risk Analysis
9.1.Demand Risk Analysis
9.2.Supply Risk Analysis
10.Global Automated External Defibrillator Market Analysis
10.1.Porter Five Forces
10.1.1.Threat of New Entrants
10.1.2.Bargaining Power of Suppliers
10.1.3.Threat of Substitutes
10.1.4.Rivalry
10.2.PEST Analysis
10.2.1.Political
10.2.2.Economic
10.2.3.Social
10.2.4.Technological
11.Global Automated External Defibrillator Market
11.1.Market Size & forecast, 2020A-2031F
11.1.1.By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
11.1.2.By Volume (Million Units) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.Global Automated External Defibrillator Market: Market Segmentation
12.1.By Regions
12.1.1.North America:(U.S. and Canada), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.2.Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.3.Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.4.Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.5.the Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.By Product Type: Market Share (2020-2031F)
12.2.1.Implantable defibrillators, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.2.External defibrillators, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.By End-User: Market Share (2020-2031F)
12.3.1.Hospitals, clinics, and cardiac centers, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.2.Public-access markets, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.3.Alternate care facilities, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.4.Home care settings, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.5.Others, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
13.Company Profile
13.1.Asahi Kasei Corporation
13.1.1.Company Overview
13.1.2.Company Total Revenue (Financials)
13.1.3.Market Potential
13.1.4.Global Presence
13.1.5.Key Performance Indicators
13.1.6.SWOT Analysis
13.1.7.Product Launch
13.2.Stryker Corporation
13.3.Biotronik SE & Co. KG
13.4.Boston Scientific Corporation
13.5.Philips Healthcare
13.6.LivaNova PLC
13.7.Medtronic plc
13.8.Cardiac Science Corporation
13.9.Nihon Kohden Corporation
13.10.St. Jude Medical, Inc.
13.11.Other Prominent Players
13.11.1.Consultant Recommendation
13.11.2.The above-given segmentation and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
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