The key factor for growth of global defibrillator market is market by rising prevalence of cardiovascular disorders such as diabetes, coronary artery disease heart attack, heart failure etc. with increased geriatric population. Diabetes is a major cause of kidney failure, heart attacks, stroke and lower limb amputation. According to WHO in 2016, 1.6 million deaths were caused by diabetes and another 2.2 million deaths were noted due to high blood glucose in 2012. Thus, the diabetes patient needs the defibrillator for the survival purpose and to avoid the heart failure. However, this defibrillator market is hampered by its premature the battery failure that is product failure & recall, high precautions required while using this devices which ultimately increases the cost of the devices as well as need for safe and reliable health practioners to use these devices across the globe. Moreover rising awareness among the people about defibrillator with cost effective technological advanced device may be the huge opportunity for the booming market of self destructible syringe market. For instance, according to the American Heart Association, preamble of multiple pharmacological heart failure therapies using the defibrillator has declined death rates have declined from 6.5% to 3.3% as measured through multiple heart failure trials over period from 2017 to 2019.
Global Defibrillator Services Market reports cover prominent players like,
North America is expected dominate the defibrillator market with the potential rate as presence of Cardiovascular disease (CVD) like Heart failures, diabetes etc. due to with rising levels of obesity, and rising physical inactivity in this region. According to American Heart Association, Cardiovascular disease (CVD) is considered as the major cause of death, counted for 840,678 deaths in the US in 2016, nearly 1 of every 3 deaths whereas Coronary heart disease accounted for approximately 13% of deaths in the US in 2016, causing 363,452 deaths as well as approximately every 40 seconds, an American get heart attack.
Europe is the second-largest region for dominating the growth of defibrillator equipment due to sedative lifestyle, heart failure increased mortality rate in this region. According to NCBI in 2018, the heart failure admit patients from 1 year were noted as 36 % for acute HF and 14.5 % for chronic HF and the mortality rates across the different regions has raised from 21.6 % to 36.5 % for acute heart failure and from 6.9 % to 15.6 % for chronic HF.
The Asia Pacific is expected to emerge as the fastest-growing regional market due to rapidly increasing the prevalence of therapeutic and chronic diseases i.e, diabetes, heart failure etc. with rising population in this region. The developing countries are noted with highest burdens of CVD with increasing incidence of atherosclerotic diseases, perhaps due to urbanization and higher risk factor levels such as obesity, diabetes, hypertension, diabetes etc. According to WHO, the prevalence of heart failure in Southeast Asia were 9 million people out of which 6.7 % in Malaysia and 4.5 % in Singapore.
|2015 - 2020
|2021 - 2027
|Market Size in 2020:
|USD 8.33 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2027:
|USD 10.44 Billion
|Tables, Charts & Figures:
|Medtronic,Becton Dickinson Inc Medtronic,St. Jude Medical,Philips Healthcare,Boston Scientific,Biotronik,Physio-Control,Nihon Kohden Corporation,Zoll Medical,Cardiac Science,Baxter International Inc.,Defibtech,Others
|By Type, By Application Type
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
Global Defibrillator market report covers in depth historical and forecast analysis.
Global Defibrillator market research report provides detail information about market introduction, market summary, global market revenue (revenue USD), market drivers, market restraints, market opportunities, competitive analysis, regional and country level.
Global Defibrillator market report helps to identify opportunities in market place.
Global Defibrillator market report covers extensive analysis of emerging trends and competitive landscape.
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