Global External Defibrillator Market Report and Forecast 2024-2032

Global External Defibrillator Market Outlook

The global external defibrillator market reached a value of USD 3.84 billion in 2023 driven by the technically Advanced Solutions and the Need to Respond to Emergencies Related to Cardiac Arrest. During the forecast period 2024-2032, the market is expected to grow at a CAGR of 8.8% to reach USD 8.20 billion.

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Global Market Likely to be Driven by Technically Advanced Solutions and the Need to Respond to Emergencies Related to Cardiac Arrest

Ventricular fibrillation, triggered by unsystematic electrical activity in the main pumping chambers of the heart, is a common reason behind cardiac arrest. Treatment for ventricular fibrillation is defibrillation or delivery of electric shock to the heart through the individual’s chest wall. The shock seeks to stop unsystematic electrical activity and enable resumption of the heart’s normal rhythm.

Mainly, there are three types of defibrillators - Automated external-defibrillators (AEDs), implantable cardioverter-defibrillators (ICDs), and wearable cardioverter defibrillators (WCDs). WCDs have sensors that may be attached to the skin. These are attached by wires to a unit that checks the heart’s rhythm and delivers shocks when required. The WCD, like an ICD, can supply low- and high-energy shocks. The apparatus comes with a belt attached to a vest that may be worn under the clothes. The device can also send a record of the heart’s activity to doctors.

An external defibrillator and an internal defibrillator are, in essence, the same machine, and serve the same purpose; however, their use depends on two different scenarios. An internal defibrillator is indeed implanted into the patient’s body to continually monitor the heart rate and deliver automated defibrillation if the system detects a dangerous drop in the heart rate. On the other hand, an external defibrillator is intended to be an external device readily kept on hand in case of an emergency cardiac arrest.

Automated External Defibrillators Expected to Drive Market Growth

Automated external defibrillators (AEDs) are portable, life-saving devices devised to treat people undergoing sudden cardiac arrest. 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. The AED system includes accessories (including battery and pad electrodes) that are necessary for the AED to identify and interpret an electrocardiogram and deliver an electrical shock. Public access and professional use are the two main types of AEDs. Public access AEDs are found at airports, schools, government buildings, community centres, hospitals, and other public places. These are meant to be used by common people with minimal training. On the other hand, professional use AEDs are intended for use by first responders, such as emergency medical technicians (EMTs) and paramedics, who have undergone additional AED training. AEDs could be semi-automated or fully automated. Semi-automated defibrillators analyse the heart's rhythm, and signal the user to deliver a defibrillation shock by pressing a button if the system detects an abnormal heart rhythm that requires a shock. Fully automated defibrillators analyse the heart's rhythm and deliver a defibrillation shock if directed by the device software; these systems do not require user intervention.
 
Popular AED products include HeartSine® Samaritan® PAD 350P, Philips HeartStart Onsite AED, Zoll AED Plus, Defibtech Lifeline AED, Cardiac Science Powerheart® G5 AED, and Philips HeartStart FR3 AED, among others.

Market Segmentation

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By product, the global external defibrillator market is divided into:

• Wearable Cardioverter Defibrillators
• Implantable Cardioverter Defibrillators
• Manual External Defibrillators
• Automated External Defibrillators (further broken down by type as given below)
  • Semi-Automated ED
  • Fully Automated ED

By end use, the market is classified into:

• Pre-Hospital
• Public Access Market
• Hospital
• Home Healthcare
• Alternate Care Market

By region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Key Industry Players in the Market

The report presents a detailed analysis of the following key players in the global external defibrillator market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Koninklijke Philips N.V.
• Stryker Corporation
• ZOLL Medical Corporation
• Nihon Kohden Corporation
• Boston Scientific Corporation
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report