Press Release
Press Release
According to a new report by EMR titled, ‘Global External Defibrillator Market Report and Forecast 2024-2032’, the global external defibrillator market reached a value of USD 3.84 billion in 2023. During the forecast period 2024-2032, the market is expected to grow at a CAGR of 8.8% to reach USD 8.20 billion.
The global external defibrillator market is expected to be driven by the need to respond to cardiac arrest emergencies and advanced solutions. Lifesaving solutions such as automated external defibrillator (AED) technology can offer immediate help when needed, and significantly improve odds of survival. AEDs have become increasingly popular over the years in a variety of offices and other work environments, and are expected to contribute to the growth of the global external defibrillator market. North America, Europe and Asia are expected to be key markets.
In 2022, Avive Solutions, Inc. announced that it secured a $22 million Series A round of financing co-led by Questa Capital, Catalyst Health Ventures and repeat investor Laerdal Million Lives Fund. The funding would be utilized to develop a new technology-enabled approach for enhancing OHCA survival rates. The company’s robust platform solution integrated the Avive Connect AED, an advanced, easy-to-use, intelligent AED device that awaited approval by the U.S. FDA, with Avive’s proprietary data-driven emergency response software platform.
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In 2021, Avive Solutions, announced a partnership with RapidSOS. Avive and RapidSOS expressed their commitment to developing innovative solutions towards taking a novel approach at enhancing the status quo of OHCA response. Such developments are expected to drive the global external defibrillator market. With the partnership, Emergency Communication Centers (ECCs) with access to RapidSOS would be able to dispatch Avive’s intelligent AEDs to the site of a cardiac arrest emergency.
In 2021, the Town of Harpersville entered into a new partnership with Cardiac Solutions. The Town of Harpersville acquired automated external defibrillators for all city buildings, parks and recreational facilities and all patrol cars under a city-wide public access AED program. The new program would include device training and education for Police officers and other City employees.
In 2021, it was reported in the world’s first feasibility study that drones could be used to deliver life-saving defibrillators to individuals with suspected cardiac arrest in the community. Drones were found to deliver an automated external defibrillator (AED) just outside the door of residential homes, where majority of cardiac arrests took place, as well as during the first minutes of a cardiac arrest. Indeed, a drone arrived before the ambulance and it was almost two minutes earlier. With improvements in drone technology, it would likely be possible to increase the number of patients and time advantages. Such developments are expected to drive growth of global external defibrillator market
In 2020, HeartHero announced that its automated external defibrillator (AED) device — Elliot — had obtained CE mark approval. The company expressed its goal for the device to become the lowest-cost, easiest-to-use, and most portable AED on the market.
In 2019, Zoll Medical and Cardiac Science came together for AED delivery; Zoll signed a definitive agreement to acquire Cardiac Science, a provider of AEDs, related services, and accessories.
In 2020, Philips received FDA premarket approval for its HeartStart FR3 and HeartStart FRx automated external defibrillators. The HeartStart FR3 was a professional grade AED with advanced features to help medical personnel and first-responders in treating cardiac arrest. The HeartStart FRx was a public-access AED that featured intuitive, step-by-step voice instructions, including cardiopulmonary resuscitation (CPR) guidance, for emergency use at workplaces, schools and other public spaces, as well as for medical professional use.
In 2019, Stryker launched the company's newest defibrillation solution – LIFEPAK® CR2 defibrillator with LIFELINKcentral™ AED program manager, in the USA. The company announced that LIFEPAK CR2 AED had obtained Premarket Approval (PMA) by FDA. The LIFPAK CR2 AED was earlier released in Europe and Canada in 2017, and in Japan in 2018.
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