Defibrillators are important medical devices that are widely used in hospitals and healthcare centers for the treatment of complex cardiac diseases. It is used to send electric shocks to the heart muscles to regulate the proper movement of these muscles. This technique is extensively used for the treatment of cardiac dysrhythmias, a life-threatening disease, and many other problems relating to the heart. In addition, Sudden cardiac arrests are the leading causes of death across the world. So, defibrillators are readily available in hospitals to reduce cardiac arrests. Considering all the above-mentioned factors, the demand for defibrillators has been rising at a healthy rate over the forecast period.
Furthermore, the growing incidence of cardiovascular diseases and the rising geriatric population are few significant factors expected to boost the market growth in the coming years. According to WHO, cardiovascular diseases are one of the major reasons for death across the world. In 2015, 17.7 million death happened due to cardiovascular diseases (CVDs). In addition, in low- and middle-income countries two-third of CVD-related death are reported. Hence, to control the number of CVD-related deaths, demand for defibrillators is increasing globally.
However, strict rules and regulations for use of defibrillators and the high cost of these devices are hampering the growth market. For example, in 2015, the U.S. FDA ordered PMA approval for existing and new automated external defibrillators. But, technological improvements in the device and increasing investment from private players are enhancing the growth of the defibrillators market in forthcoming years.
Defibrillators Market Segment Overview
The defibrillators have maximum demand in the hospitals. This is due to the higher ICD implantation in hospitals. The installation of defibrillators in business workplaces is expected to improve the scenarios of market growth. In addition, wearable defibrillators have commendable demand within the market in recent times. Also, the use of defibrillators in treating medical conditions such as cardiac arrhythmias and pulseless ventricular tachycardia is expected to support the growth of the defibrillators market.
Defibrillators Regional Overview
North America dominated the defibrillator market in terms of revenue share in 2020. Owing to the presence of several companies especially in the U.S. Europe is expected to be the second-largest market for defibrillators due to growing cardiovascular cases. Additionally, The Asia Pacific is expected to witness noteworthy growth owing to the presence of rapidly growing economies such as India and China. Japan has a high penetration of defibrillators, which further boosts the market growth. Also, Latin America and the Middle East, and Africa are considered the largest markets for medical devices, which boosts the market growth in the region.
Defibrillators Market Competitor overview
Defibrillators are a highly fragmented market with the presence of many prominent players. The players are also focused on R&D to advance product quality and manufacturing safer devices for patient compliance and safety. Companies are engrossed in collaborations, mergers & acquisitions to improve the market share.
· In August 2019, Philips introduces HeartStart Intrepid Monitor/Defibrillator with IntelliSpace Connect.
· In January 2017, Abbott Laboratories has formally completed its $25 billion acquisition of St. Jude Medical to add a chronic pain management business and significantly bolster its cardiovascular device offerings.
· March 16, 2016, Boston Scientific Corporation and Mayo Clinic announced a continuing collaboration where the two organizations share intellectual property and stimulate the rapid development of medical devices to address unmet clinical needs.
Defibrillators Market, Key Players
· Defibtech LLC
· Boston Scientific Corporation
· Zoll Medical Corporation
· GE Healthcare Ltd.
· Medtronic, Inc.
· HeartSine Technologies Inc.
· St. Jude Medical Inc.
· Koninklijke Philips N.V.
· BIOTRONIK
· Nihon Kohden
· MicroPort
· Mediana
· CU Medical Systems
· Mindray Medical
· Physio-Control
· Laerdal
· BPL Medical Technologies
· SCHILLER AG
· Cardioline SpA
· Progetti Medical Equipment Solutions
· METsis Medikal
Defibrillators Market Segmentation
Defibrillators Market, By Type
· Implantable Cardioverter Defibrillators (ICDs)
· Automated External Defibrillators
· Wearable Defibrillators
Defibrillators Market, By End User
· Hospitals and Clinics
· Schools and other Public Places
Defibrillators market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Defibrillators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Implantable Cardioverter Defibrillators (ICDs)
- 5.2.2. Automated External Defibrillators
- 5.2.3. Wearable Defibrillators
- 5.3. Market Analysis, Insights and Forecast – By End User
- 5.3.1. Hospitals and Clinics
- 5.3.2. Schools and other Public Places
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Latin America
- 5.4.3. Europe
- 5.4.4. Asia Pacific
- 5.4.5. Middle East and Africa
6. North America Defibrillators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Implantable Cardioverter Defibrillators (ICDs)
- 6.2.2. Automated External Defibrillators
- 6.2.3. Wearable Defibrillators
- 6.3. Market Analysis, Insights and Forecast – By End User
- 6.3.1. Hospitals and Clinics
- 6.3.2. Schools and other Public Places
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Latin America Defibrillators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Implantable Cardioverter Defibrillators (ICDs)
- 7.2.2. Automated External Defibrillators
- 7.2.3. Wearable Defibrillators
- 7.3. Market Analysis, Insights and Forecast – By End User
- 7.3.1. Hospitals and Clinics
- 7.3.2. Schools and other Public Places
- 7.4. Insights and Forecast – By Country
- 7.4.1. Brazil
- 7.4.2. Mexico
- 7.4.3. Rest of Latin America
8. Europe Defibrillators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Implantable Cardioverter Defibrillators (ICDs)
- 8.2.2. Automated External Defibrillators
- 8.2.3. Wearable Defibrillators
- 8.3. Market Analysis, Insights and Forecast – By End User
- 8.3.1. Hospitals and Clinics
- 8.3.2. Schools and other Public Places
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. UK
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Rest of Europe
9. Asia Pacific Defibrillators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Implantable Cardioverter Defibrillators (ICDs)
- 9.2.2. Automated External Defibrillators
- 9.2.3. Wearable Defibrillators
- 9.3. Market Analysis, Insights and Forecast – By End User
- 9.3.1. Hospitals and Clinics
- 9.3.2. Schools and other Public Places
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. Australia
- 9.4.5. South East Asia
- 9.4.6. Rest of Asia Pacific
10. Middle East & Africa Defibrillators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Implantable Cardioverter Defibrillators (ICDs)
- 10.2.2. Automated External Defibrillators
- 10.2.3. Wearable Defibrillators
- 10.3. Market Analysis, Insights and Forecast – By End User
- 10.3.1. Hospitals and Clinics
- 10.3.2. Schools and other Public Places
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Defibtech LLC
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. Boston Scientific Corporation
- 11.6. Zoll Medical Corporation
- 11.7. GE Healthcare Ltd.
- 11.8. Medtronic, Inc.
- 11.9. HeartSine Technologies Inc.
- 11.10. St. Jude Medical Inc.
- 11.11. Koninklijke Philips N.V.
- 11.12. BIOTRONIK
- 11.13. Nihon Kohden
- 11.14. MicroPort
- 11.15. Mediana
- 11.16. CU Medical Systems
- 11.17. Mindray Medical
- 11.18. Physio-Control
- 11.19. Laerdal
- 11.20. BPL Medical Technologies
- 11.21. SCHILLER AG
- 11.22. Cardioline SpA
- 11.23. Progetti Medical Equipment Solutions
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
