Global External Defibrillator Market Value To Reach $8,709.2 Million by 2030

Global External Defibrillator Market Value To Reach $8,709.2 Million by 2030
The sales of external defibrillators in North America accounted for the largest revenue share globally in 2021, and it is also expected to witness healthy growth during the forecast period.

The external defibrillator market, which generated an estimated revenue of $4,111.4 million in 2021, will witness an 8.7% CAGR, to reach $8,709.2 million by 2030. The key reason will be the geriatric population (65 years and above), which has been forecast by the UN to increase from 727 million in 2020 to 1.5 billion in 2050. Compared to younger people, the elderly are more prone to all kinds of diseases, especially CVDs.

This can also be gauged from the fact that between pediatric and adult patients, the latter have had more models of these devices designed specifically for them. For instance, the ZOLL AED 3 can treat arrhythmias in adults with a combination of electric pulses and CPR, through a single electrode. Even in the coming years, adult patients will generate the higher demand for external defibrillators because of their easier susceptibility to heart issues.

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Key Findings of External Defibrillator Market Report

  • Due to the rising incidence of CVDs, advanced healthcare system, and strong government support for the installation of public-access defibrillators, North America witnesses the highest sale of these devices.
  • Similarly, the British government implemented the Automated External Defibrillators (Public Access) Bill in November 2021, mandating the installation of defibrillators in educational facilities, sporting facilities, and other public places.
  • As a result, currently, public settings, such as schools and colleges, shopping malls, amusement parks, and sports arenas, have the highest number of external defibrillators installed.
  • In the coming years, LATAM will become a significant external defibrillator market, driven by the government support to advance the healthcare infrastructure and availability of reimbursement for people undergoing medical treatments or purchasing essential medical equipment.
  • For the same reason, the demand for this equipment is set to soar in India at a high rate in the coming years. Home to a large number of people with multiple diseases, India is already in a dire need of essential medical equipment.
  • Therefore, post-the COVID-19 slump, external defibrillator market players are ramping up their production capabilities and bringing about technological advancements in these systems.

For instance, in February 2021, Koninklijke Philips N.V. acquired BioTelemetry Inc., which provides remote cardiac diagnostic and monitoring solutions, to enhance the delivery of healthcare. Moreover, in July 2020, it had launched Tempus ALS, which combines defibrillation with remote monitoring functionality.

Browse detailed report on External Defibrillator Market Size and Growth Forecast to 2030

Other players in the external defibrillator market taking such initiatives include SCHILLER AG, Nihon Kohden Corporation, Stryker Corporation, Defibtech LLC, Progetti S.r.l., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Mediana Co. Ltd., ZOLL Medical Corporation, BPL Medical Technologies Pvt. Ltd., and CU Medical System Inc. Such measures were even being taken before the pandemic, as the threat of cardiac diseases has been a long-standing one.

External Defibrillator Market Segmentation Analysis

By Patient Type

  • Adult
  • Pediatric

By End User

  • Hospitals, Clinics, and Cardiac Centers
  • Pre-Hospital Care and Emergency Medical Service (EMS) Providers
  • Public Access Settings
  • Homecare Settings

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • Russia
    • Netherlands
    • Belgium
    • Ireland
    • Sweden
    • Switzerland
    • Poland
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Thailand
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa

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Automated External Defibrillator Market Growth Forecast Report, 2030

Globally, North America is projected to account for the largest revenue share in the automated external defibrillator (AED) market in 2030. This can be attributed to the existence of established players in the market, rising geriatric population, and increasing awareness among people about the usage of AEDs during a cardiac arrest. Other regions, such as Asia-Pacific (APAC), Latin America (LATAM), and Middle East and Africa (MEA), also hold considerable shares in the market.

Global Defibrillator Market Latest Trends and Business Scenario 2030

Globally, North America has been the largest defibrillator market till now. This is attributed to the presence of key market players, growing geriatric population, investments by private and public organizations for technological developments in defibrillators, advanced healthcare industry, and favorable reimbursement policies, which promote the adoption of these devices in the region.

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