Automated External Defibrillators Market: Overview

The automated external defibrillators market may invite great growth on the back of technological advancements and the rise in the prevalence of cardiovascular disorders. An automated external defibrillator device helps in restoring the abnormalities in heart rhythm through an electric shock to the heart. The device is especially used for treating sudden cardiac arrest. It aids in increasing the survival chances of sudden cardiac arrests. The early use of automated external defibrillator devices leads to a survival rate of more than 75 percent. It is designed to identify and shock two types of abnormal heart rhythms namely Pulseless Ventricular Tachycardia (Pulseless VT) and Ventricular Fibrillation (VF).

Growing stress levels among individuals across the globe and escalation in alcohol consumption and smoking may bring a rise in demand for automated external defibrillator devices.
Sudden cardiac arrests can happen at any point in time. For instance, if a person experiences a sudden cardiac arrest at home at midnight and the emergency healthcare center is miles away from his/her home, there is a chance of fatality. But if an individual has an automated external defibrillator device at that particular moment, the threat of fatality can be eliminated. Without medical help, an electric shock from the device can assist in saving a life from a cardiac arrest. Thus, this factor can prove to be the prime growth component for the automated external defibrillators market.

The COVID-19 outbreak may have minimal impact on the automated external defibrillators market as healthcare facilities remain open with full operating capacity. The production of automated external defibrillator devices may hit a minor roadblock due to the lockdown implementation but relaxations in lockdown guidelines are slowly assuring the commencement of manufacturing operations. Thus, the automated external defibrillators market may observe a steady increase in growth rate in the post-lockdown era.

The global automated external defibrillators market was valued at US$ 1,213.40 mn 2016 and is predicted to reach US$ 4,473.40 mn by the end of 2025. The automated external defibrillators market is anticipated to clock a CAGR of 15.8% across the forecast period of 2017-2025.

global automated external defibrillators market

Semi-Automatic Segment to Serve as Key Growth Contributor

Based on technology, the automated external defibrillators market is segmented into semi-automatic and fully-automatic. The semi-automatic technology is expected to gain considerable momentum during the forecast period. A semi-automatic external defibrillator device allows patients to mentally prepare before giving a shock, as it comprises a shock button. In 2016, the semi-automatic technology held the largest market share and is predicted to continue the streak across the forecast period due to the aforementioned benefit.

Advancements in Public Access Automated External Defibrillators to Invite Growth

The use of public access automated external defibrillators may gain considerable momentum in the automated external defibrillators market. Rising incidences of sudden cardiac arrests in public spaces have led to a surge in demand for public access automated external defibrillator devices. The production of new automated external defibrillator devices built with Wi-Fi connectivity and enhanced real-time cardiopulmonary resuscitation (CPR) assistance is proving to be a boon for the growth of automated external defibrillators market. Cloud connectivity helps in automatic data transmission of the cardiac arrest to medical professionals, thus enhancing the demand for automated external defibrillators market.

Quick FDA approvals are also supporting the growth of the automated external defibrillators market. FDA-approved automated external defibrillators are recommended by most experts and hence, the approval of the FDA plays an important role in accelerating the growth rate of the automated external defibrillators market.

Use of Automated External Defibrillator Devices at Workplaces to Boost Growth

Increasing stress due to workload has led to a spike in sudden cardiac arrest cases at workplaces. Various training programs are being offered for use of automated external defibrillators at workplaces. The office staff if trained to use automated external defibrillator devices can help in reducing any untoward circumstances like fatality due to cardiac arrest. Therefore, the use of automated external defibrillators at workplaces may bring considerable growth for the automated external defibrillators market.

Business Strategies by Key Players to Benefit Automated External Defibrillators Market

Key players forge partnerships and enter in various strategic agreements that are useful for propelling the growth of the automated external defibrillators market. Exclusive agreements for developing innovative and advanced technologies may bring a paradigm shift in the growth of the automated external defibrillators market.

Sky-High Growth Predicted from North America

The automated external defibrillators market is geographically segmented into the Middle East and Africa, Latin America, North America, Europe and Asia Pacific. North America may acquire the top place in terms of growth contribution to the automated external defibrillators market. The ballooning cardiovascular diseases and supporting government policies are the prime factors of growth. According to the Centers for Disease Control and Prevention (CDC), one fatality is recorded every 37 seconds in the U.S. from cardiovascular disease and approximately 647,000 Americans die from heart disease each year. These statistics highlight the importance of automated external defibrillator devices in the region.

A considerable rise in investments and growing cardiovascular cases may enable Asia Pacific to record growth at a faster pace. Latin America and the Middle East and Africa are anticipated to observe steady growth due to the rise in obesity numbers.

Some well-established players in the automated external defibrillators market are Nihon Kohden Corporation, Asahi Kasei Medical Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., PRIMEDIC (Metrax GmbH-Member of Yuwell Group), Schiller AG, Koninklijke Philips N.V., Cardiac Science Corporation, and Physio-Control Inc. (Stryker).

Global Automated External Defibrillators Market: Snapshot

This report on the Global Automated External Defibrillators Market analyzes the current and future scenario of the global market.  Rise in private and public funding for automated external defibrillators, rising prevalence of sudden cardiac arrest, and favorable regulatory scenario for new device launch are boosting the growth of the global automated external defibrillators market.  Increasing geriatric population across the world and rising awareness among the people and lawmakers about their need for automated external defibrillators in transportation centers, large buildings and other public places are some of the factors expected to drive the growth of global automated external defibrillators market during the forecast period.

The global automated external defibrillators market report comprises an elaborate executive summary, which includes market snapshot that provides information about various segments.  It also provides information and data analysis of the global market with respect to the segments based on of technology, size, end-user, and geography.  A detailed qualitative analysis of drivers and restraints, opportunities and trends have been provided in the market overview section.  Additionally, the section comprises Porter’s Five Forces Analysis to help understand the competitive landscape in the market.  This section also provides market attractiveness analysis in terms of geography and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global automated external defibrillators market.  

Global Automated External Defibrillators Market: Product Segmentation

Based on the technology, the market is divided into semi-automatic, and fully-automatic. The semi-automatic technology dominated the market in terms of revenue in 2016, due to its high awareness. Semi-automatic is expected to lead the market in the forecast period, owing to the rising geriatric population and high per capita income. Fully-automatic technology is anticipated to grow during the forecast period owing the ease of usage of the fully automated external defibrillator.

In terms of size, the global automated external defibrillators market has been segmented into standard automated external defibrillator, and pediatric automated external defibrillator. Standard automated external defibrillator accounted for highest market share due to high prevalence of sudden cardiac arrest in adults, and growing geriatric population all over the world. Pediatric automated external defibrillators segment is anticipated to show growth during the forecast period owing to increasing awareness government initiatives to install theses AEDs in schools.

Based on end-user, the global automated external defibrillators market has been categorized into hospitals, public access, emergency medical services, homes, work spaces, and private cardiac clinics. The hospitals segment accounted highest market share during the forecast period and is expected to grow during the forecast period. The public access segment is anticipated to grow exponentially during the forecast period owing to the fact that large number of deaths due to sudden cardiac arrest occur out of hospitals. Emergency medical services segment is anticipated to grow during the forecast period due to increasing number of deaths due to sudden cardiac arrest before reaching hospital such as ambulances. The homes, work spaces, and private cardiac clinic segments are anticipated to grow during the forecast period due to increasing prevalence of heart diseases that may any time lead to sudden cardiac arrest.

Global Automated External Defibrillators Market: Regional Outlook

Geographically, the Global Automated External Defibrillators Market has been categorized into five major regions and the key countries in the respective region: North America (US  and Canada), Europe (Germany, France, Italy, Spain, UK, and Rest of Europe), Asia Pacific (China, Japan, India, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East & Africa (South Africa, GCC Countries, and Rest of Middle East & Africa).  

Global Automated External Defibrillators Market: Competitive Landscape

The report also profiles major players in the global automated external defibrillators market based on various attributes such as company overview, financial overview, product portfolio, business strategies, SWOT analysis, and recent developments.  Major players profiled in this report include Koninklijke Philips N.V., Physio-Control, Inc. (Stryker), NIHON KOHDEN CORPORATION, Schiller AG, Asahi Kasei Medical Co., Ltd., GE Healthcare, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Cardiac Science Corporation, and PRIMEDIC (Metrax GmbH - MEMBER OF YUWELL GROUP).

The global automated external defibrillators market has been segmented as below:

Technology

  • Semi-Automatic
  • Fully-Automatic

Size

  • Standard Automated External Defibrillators
  • Pediatric Automated External Defibrillators

End-user

  • Hospitals
  • Public Access
  • Emergency Medical Services
  • Homes
  • Work Spaces
  • Private Cardiac Clinics

Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

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