Defibrillator Market study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.
The market is projected to reach US$ 14,876.95 million by 2028 from US$ 10,478.31 million in 2021. It is estimated to grow at a CAGR of 5.1% from 2021 to 2028. The report highlights the key factors influencing the market growth and prominent players and their strategies.
The List of Companies: Medtronic, Abbott, Boston Scientific Corporation, Zoll Medical Corp., KONINKLIJKE PHILIPS N.V, Biotronic, Inc, Progetti srl, Shenzhen Mindray Biomedical Electronics, Co. Ltd, Nihon Cohden Corp, CU Medical Systems, Inc.
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Several factors, such as the increasing prevalence of cardiovascular disorders along with surge in training and awareness programs on cardiopulmonary resuscitation and automated external defibrillators. However, cost and performance issues related to implantable and automated external defibrillators is expected to hamper market growth. Cardiovascular diseases (CVDs) are the leading cause of morbidity and mortality globally. The World Health Organization (WHO) estimates 17.9 million lives are lost due to CVDs, i.e., 32% of all deaths are reported globally every year. Four out of five CVD-related mortalities are due to heart attacks and strokes. Unhealthy lifestyles habits, including tobacco consumption, poor diet, obesity, physical inactivity, and excess alcohol consumption, are the leading causes of CVDs.
The Defibrillator Market Has Been Segmented as Follows:
The defibrillator market is analyzed on the basis of the product type and end user. Based on the product type, the defibrillator market is segmented into Implantable cardioverter defibrillator, and External. The implantable cardioverter defibrillator segment is sub segmented into, transverse ICD and subcutaneous ICD. Moreover, the external segment is further sub segmented as, Fully Automated External Defibrillators, manual, wearable. Based on the end user, the defibrillator market has been segmented into Hospitals and Clinics, Prehospital Care, Public Access, Home Care Settings, and Alternate Care Facilities
Key Market Trends:
- The market has been witnessing healthy growth within the recent years and is predicted to continue it throughout the forecast period 2021 to 2028.
- Major players are regularly operating and focusing to develop new product still as increase their expenditure on Research and Development of Defibrillator.
- The extensive changes and challenges have not affected the sales of Defibrillator, rather created a promising market within the gift and within the forecast period.
Moreover, the report has explored changing factors for the market segments. It covers the growth factors of the worldwide market based on end-users. It’s a Defibrillator market research report which has been designed using the primary and secondary sources. The report allows the customer to set up a complete plan for the development and growth of their businesses for the projected period.
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