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Automated External Defibrillator Market Insights, Competitive Landscape and Market Forecast–2027

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Automated External Defibrillator Market Insights, Competitive Landscape and Market Forecast–2027

June 09
00:53 2022
Automated External Defibrillator Market Insights, Competitive Landscape and Market Forecast–2027

Global Automated External Defibrillators (AED) Market is estimated to grow at 8.62% CAGR during the forecast period from 2022 to 2027. The demand for automated external defibrillators is primarily being boosted by increasing geriatric population, rising prevalence of cardiovascular diseases,  innovation in product development thereby contributing in the overall growth of the automated external defibrillators market during the forecast period from 2021-2026.  

 

Automated External Defibrillators: An Overview

Automated external defibrillators (AEDs) are portable, life-saving devices that are employed in the treatment of people experiencing sudden cardiac arrest.

 

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Automated External Defibrillators Market

The AEDs market experienced a period of temporary setback as lockdown restrictions were enforced as a necessary step to curb the spread of COVID-19. One of the important steps in this was suspension of outdoor activities in general with the shutting down of recreational facilities and many healthcare facilities as well. This reduced the demand for AEDs in the market as most of the public places were shut down where in AEDs are extensively employed for emergency situations.  Nevertheless, the automated external defibrillators market is in a recovery phase, and with the approval and administration of numerous COVID-19 vaccines around the world, activities in various fields including healthcare services and public spaces being opened up, and the AEDs is predicted to grow at significant revenue during the forecast period.

 

Automated External Defibrillators Market Dynamics

The automated external defibrillators market is witnessing a growth in product demand owing to various factors, one of the key factors being the increase in the prevalence of cardiovascular diseases. Cardiovascular diseases (CVD) are the world’s leading cause of death, killing an estimated 17.9 million people each year, according to data from the World Health Organization (2021). Some of the CVDs include myocardial infarction, congestive heart failure, acute coronary syndrome, and other conditions.

In addition to the above-mentioned stats, the previously mentioned source further stated that more than four-fifths of deaths from cardiovascular diseases are primarily due to stroke and heart attack, and one-third of these deaths affect people under the age of 70. Automated external defibrillators are extensively used in reviving the heart in cases of cardiac arrest. Therefore, the increase in the prevalence of cardiovascular diseases is projected to result in the growing demand for AEDs, thereby contributing in the growth of the automated external defibrillators market during the forecast period.

 

Automated External Defibrillators Risk Factors

Moreover, another key factor responsible for driving the demand for automated external defibrillators is the increasing prevalence of lifestyle disorders such as hypertension that pose as a major risk factor in the causation of cardiac arrest. According to the data provided by the WHO on hypertension, as of 2021, near about 1.28 billion adults in the age group of 30-79 years across the globe have hypertension. High blood pressure has been reported to cause damage to the heart muscle thereby increasing the chances of sudden cardiac arrest.

Furthermore, the above-mentioned stated that approximately 46% of adults with hypertension are unaware that they have the condition which further increases the likelihood of cardiac arrest. Therefore, this may indicate that the growing hypertensive population may result in the higher demand for automated external defibrillators owing to increased probability of cardiac arrest in patients suffering from hypertension, thereby taking the automated external defibrillators market growth forward during the forecast period.

 

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Automated External Defibrillators Market Segment Analysis

Automated External Defibrillators (AED) Market by Product Type (Wearable and Non-Wearable), by End User (Hospitals, Ambulatory Surgical Centers, and Others), and by Geography (North America, Europe, Asia-Pacific, and Rest of the World). In the product segment of the automated external defibrillators market, the wearable product category is expected to register a faster growth during the forecast period. This can be ascribed to their advantages such as the placement of the device does not require an invasive surgery, and it can be easily put on and taken off.

Additionally, their utility in being used as a bridge to an implantable cardioverter-defibrillator (ICD), heart transplantation, or left ventricular assist device. It is also indicated to be used in patients in whom ICDs are contraindicated or in events when a permanently implanted ICD must be explanted because of infection. These are programmable devices that help patients stay prepared in events of sudden onset of cardiac arrest in the absence of medical help.

 

Automated External Defibrillators Market is expected to dominate by North America

Among all the regions, North America is estimated to account for the largest share in the automated external defibrillators market. Owing to significance of key growth factors such as rising prevalence of sudden cardiac arrest due to the increasing prevalence of obesity, hypertension and diabetes, the aging population, and rising government initiatives regarding disease treatment awareness, the North America automated external defibrillators market is expected to witness positive growth. Furthermore, high disposable income, sophisticated healthcare infrastructure, new product approvals, and high awareness also helped the market growth in this region.

 

Automated External Defibrillators Prevalence

The key reasons positively influencing the growth of the United States automated external defibrillators market is the rising prevalence of sudden cardiac arrest in the US population. As per the latest data provided by a US-based organization, Sudden Cardiac Arrest Foundation, over 356,000 out-of-hospital cardiac arrests (OHCA) are reported annually in the U.S. with nearly 90% of them presenting with fatal consequences.  AEDs have been proven to be extremely beneficial in treating OHCA as they rapidly detect the SH rhythms on electrocardiogram (ECG) and deliver a counter-shock to recover the normal sinus rhythms of the heart from the distorted cardiac electrical activity. Therefore, the rising incidence of sudden cardiac arrests in the country is expected to aid in the growing need for AEDs thereby resulting in increase in product demand aiding in the growth of the United States automated external defibrillators market.

 

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Key Takeaways from the Automated External Defibrillators Market Report Study

  • Market size analysis for current automated external defibrillators market size (2021), and market forecast for 5 years (2022-2027)
  • The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the automated external defibrillators market.
  • Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
  • Key companies dominating the Global Automated External Defibrillators Market.
  • Various opportunities available for the other competitor in the Automated External Defibrillators Market space.
  • What are the top performing segments in 2021? How these segments will perform in 2027.
  • Which is the top-performing regions and countries in the current automated external defibrillators market scenario?
  • Which are the regions and countries where companies should have concentrated on opportunities for automated external defibrillators market growth in the coming future?

 

Recent Developmental Activities in Automated External Defibrillators Market:

  • In August 2021, Kestra™ Medical Technologies, Inc. announced that the company received the premarket approval from the U.S. Food and Drug Administration (FDA) for the ASSURE® Wearable Cardioverter Defibrillator (WCD) system.
  • In June 2021, Rapid Response Revival (RRR) earned CE mark certification in Europe for their personal automated external defibrillator (AED), CellAED.
  • In November 2020, HeartHero received the CE mark approval for their automated external defibrillator (AED) device—Elliot.

 

Automated External Defibrillators Market Companies

Some of the key market players operating in the automated external defibrillators market includes Koninklijke Philips N.V., Stryker, NIHON KOHDEN CORPORATION, SCHILLER, ZOLL Medical Corporation, Kestra Medical Technologies, Inc., BPL Medical Technologies, MEDIANA Co., Ltd, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Meditech Equipment Co.,Ltd, HEARTHERO, Metrax GmbH, Progetti Srl, Bexen Cardio, Trivitron Healthcare, Amiitalia, US DEFIB MEDICAL TECHNOLOGIES, LLC, Instramed Indústria Médico Hospitalar Ltda., Axion Ltd, CardiAid and others.

 

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Table of Content

1. Automated External Defibrillators Market Report Introduction

2. Automated External Defibrillators Market Executive Summary

3. Regulatory and Patent Analysis

4. Automated External Defibrillators Market Key Factors Analysis

5. Automated External Defibrillators Market Porter’s Five Forces Analysis

6. COVID-19 Impact Analysis on Automated External Defibrillators Market

7. Asia-Pacific Automated External Defibrillators Market, by Product Type

8. Automated External Defibrillators Market Global Company Share Analysis – Key 3-5 Companies

9. Automated External Defibrillators Market Company and Product Profiles

10. KOL Views

11. Project Approach

12. About DelveInsight

13. Disclaimer & Contact Us

 

About Us

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