According to a report available on Radiant Insights, Inc.; the global automated external defibrillator (AED) market is anticipated to grow significantly by 2023.
Factors such as rise in geriatric population across the world, developing healthcare infrastructure, growing disposable income among the individuals as a result of rapid urbanization, and technological developments are expected to drive the market over the forecast period (2018 to 2023).
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Rise in commonness of cardiovascular diseases is considered as the major driving factor for the market. Sudden cardiac arrest (SCA) is one of the major reasons for premature demises. Ventricular fibrillation (VF) can lead to SCA. So, sudden deaths can be avoided by treating VF with the help of defibrillation. So, the AED are considered as very effective in curtain cases. Additionally, these devices are portable and can be used by individuals with little or no training. Semi-automated AEDs are mostly preferred in hospitals as they require some train operator and fully automated AEDs are utilized outside the hospital settings in public sites or in ambulances. But, rise in demand for fully automated AEDs in public places is anticipated to boost the market growth in the coming years.
For instance, Physio-Control recently introduced fully automatic AED, HeartSine Samaritan PAD 360P (SAM 360P) in the United States. To restore the heart to normal conditions, the device can analyze, cardiac rhythm and automatically brings an electrical shock to person suffering from cardiac arrest. This device features easy-to-follow audio and visual prompts including CPR coaching that vocally guides the savior over the CPR process. The shock delivery mechanism in this product is fully automated.
However, less realization of SCA and lack of awareness about these devices may hinder the market growth.
Worldwide automated external defibrillator (AED) market can be segmented on the basis of type application, and region.
Geographically, the market can be divided into North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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North America global automated external defibrillator (AED) market is anticipated to lead the market throughout the forecast period. This growth can be ascribed to high incidences of cardiovascular diseases and constant developments in the medical technology. Also, favorable government policies and high healthcare expenses are supplementing the growth in this region. The U.S. is considered as an attractive market due to high prevalence of cardio vascular diseases and availability of established healthcare infrastructure.
Europe is projected to show notable growth on account of increasing number of SCA and high incidence of coronary artery diseases, and growing investment by the companies in this region.
Asia Pacific global automated external defibrillator (AED) market is expected to be the fastest growing markets due to growing awareness about these diseases among the consumers.
The Middle East, and Africa is anticipated to grow on account of rise in obese and elderly population.
Prominent companies operating in the global automated external defibrillator (AED) market include HeartSine Technologies; Laerdal Medical; Philips; Nihon Kohden; and Cardiac Science. Major participants in the market are majorly focusing on expansion of their product range and the development of technologically advanced products to survive in the competition.
For instance, Royal Philips recently declared the it will provide Philips HeartStart Onsite automated external defibrillators (AEDs) to Vail and Beaver Creek Mountains for creating a cardiac arrest response system.
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