Global Defibrillator Pads Market: Introduction

Defibrillators are devices that restore normal heartbeats by sending an electric pulse or shock to the heart. They are used to prevent or correct arrhythmia i.e. uneven heartbeats or too slow or too fast heartbeats. Defibrillators can also restore normal heartbeats if the heart suddenly stops. These are largely used in case of sudden cardiac arrest. Defibrillation pads are employed to facilitate cardioversion and defibrillation. For proper functioning of a defibrillator, gel pads are required. Some defibrillator pads also allow ECG monitoring and external pacing.

Defibrillator pads are employed to reduce transthoracic impedance when paddles are applied directly to the chest wall to deliver a shock. Defibrillator pads are available for both children and adults. They are useful in the treatment of life-threatening arrhythmia. For proper functioning of defibrillators, automated external defibrillator (AED) pads are required. They are attached directly to the chest of the patient with sudden cardiac arrest. Through these pads, a shock is delivered to the heart.

Need an Overview of the Report on Defibrillator Pads Market? Ask for the Brochure here

Global Defibrillator Pads Market: Competition Landscape

The global defibrillator pads market is highly fragmented, owing to presence of major players in the market. Key players operating in the global market include Medtronic plc, Koninklijke Philips N.V., Stryker Corporation, 3M, Medline Industries, Inc., Welch Allyn, CONMED Corporation, Cardinal Health, Cardiac Science Corporation, and ZOLL Medical Corporation.

Development of new and innovative products, strategic alliances, partnerships, mergers, and acquisitions are some of the key strategies adopted by major players operating in the market. For instance, in November 2012, Nihon Kohden Corporation acquired Defibtech, LLC thorough its U.S. subsidiary.

Medtronic plc

Founded in 1949, Medtronic plc is headquartered in Minneapolis, Minnesota, the U.S. The company operates in around 160 countries. Medtronic plc provides defibrillators and AEDs under the brand name of Physio-Control AED. These products include LIFEPAK accessories and packs.

Koninklijke Philips N.V.

Established in 1891, Koninklijke Philips N.V. is based in Amsterdam, the Netherlands. It is among major players in the global health care sector with presence in more than 100 countries. The company offers defibrillator pads under its emergency care & resuscitation products division. It offers pads for all age groups.

Stryker Corporation

Established in 1941, Stryker Corporation is a world-leading medical device company based in the U.S. The company sells products in more than 100 countries and it has over 44 manufacturing and R&D facilities worldwide. The company offers various defibrillator products and accessories.

3M

Established in 1902, 3M is headquartered at St. Paul, Minnesota, the U.S. 3M is a diversified global manufacturer, technology innovator, and marketer of a wide range of products and services. The company offers defibrillation pads under its patient monitoring products category.

Stuck in a Neck-to-Neck Competition with other Brands? Request a Custom Report on “Defibrillator Pads Market” here

Global Defibrillator Pads Market: Dynamics

Rise in pool of patients with cardiac arrhythmia and growing elderly population with chronic diseases driving the global defibrillator pads market

With growing elderly population, the prevalence of chronic heart diseases is on the rise. Also, rise in pool of patients suffering from ventricular fibrillation and arrhythmia is a major factor driving the global defibrillator pads market. For instance, according to an article published in Healthline on November 26, 2018, the total number of individuals with atrial fibrillation worldwide was 33.5 million in 2010.

Increased awareness and favorable government initiatives for increasing awareness about arrhythmia to drive the market

Favorable government activities and promotional programs for increasing awareness about arrhythmia and other cardiac diseases are driving the global market for defibrillator pads. For instance, in the U.S., the American Heart Association and other national organizations recommend a comprehensive public access defibrillation (PAD) program, which focuses on targeted AED site placement, emergency response plans, and other activities for prevention of heart diseases and stroke.

Complications associated with use of defibrillator pads and improper handling restraining defibrillator pads market

Complications associated with use of defibrillator pads, such as arcing, electric injury, and skin burns are hampering the global defibrillator pads market. Improper handling by unskilled personnel, which may include improper positioning of pads, is also hindering the global market.

North America Leads Global Defibrillator Pads Market

North America dominated the global defibrillator pads market in 2018 and is projected to maintain its dominance during the forecast period. Growing geriatric population, rise in the prevalence of chronic heart diseases, presence of major players, and government initiatives for raising awareness about heart diseases and arrhythmia are some of the major factors driving the global defibrillator pads market.

Global Defibrillator Pads Market: Segmentation

The global defibrillator pads market can be segmented based on:

  • Product Type
  • Age
  • Distribution Channel
  • Region

Global Defibrillator Pads Market, by Product Type

Depending on product type, the global defibrillator pads market can be divided into:

  • Manual External
  • Manual Internal
  • Automatic External

Global Defibrillator Pads Market, by Age

Based on age, the global defibrillator pads market can be segmented into:

  • Pediatric Defibrillator Pads
  • Adult Defibrillator Pads

Global Defibrillator Pads Market, by Distribution Channel

In terms of distribution channel, the global defibrillator pads market can be classified into:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Defibrillator Pads Market

Pre Book