Defibrillators Market - Rising Number Of Training & Awareness Programs On Defibrillators Are Driving The Growth Of This Market
According to the new market research report
"Defibrillators
Market by Product (Implantable Cardioverter Defibrillator (Transvenous ICD,
Single & Dual Chamber, CRT-D, S-ICD) and External (Manual, AED, Wearable)),
End User (Hospitals, Prehospital, Public Access, Home care) - Global Forecast
to 2022", published by MarketsandMarkets™, the market is projected to reach USD 10.88 Billion by
2022 from USD 9.32 Billion in 2017, growing at a CAGR of 3.1%.
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Factors such as technological advancements in
defibrillators, rising prevalence of target diseases, growing focus on
providing public access defibrillation, and rising number of training &
awareness programs across the globe are driving the growth of this market.
By product, the implantable cardioverter
defibrillators segment is expected to hold the largest share of the market in
2017
On the basis of
products, the defibrillators market is classified into implantable cardioverter
defibrillators (ICDs) and external defibrillators. The ICDs product segment is
bifurcated into transvenous implantable cardioverter defibrillators (T-ICDs) and
subcutaneous implantable cardioverter defibrillators (S-ICDs). The T-ICDs
segment is further classified into single-chamber ICDs, dual-chamber ICDs, and
cardiac resynchronization therapy defibrillators (CRT-Ds). The external
defibrillators segment is further classified into manual external
defibrillators, automated external defibrillators (AEDs), and wearable
cardioverter defibrillators (WCDs). The ICDs segment is expected to account for
the largest share of the global defibrillators market in 2017. Factors such as
the development of technologically advanced devices with extended longevity,
rapid growth in the number of implant procedures, and increasing adoption of
cardiac resynchronization therapy defibrillators (CRT-Ds) and S-ICD systems
across the globe are contributing to the large share of this segment.
Browse and in-depth TOC on "Defibrillators Market"
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By end user, the public access markets
segment is expected to be the fastest growing segment in the forecast period
On the basis of
end user, the defibrillators market is segmented into hospitals, clinics, and
cardiac centers; pre-hospital care settings; public access markets; home care
settings; and alternate care facilities. The public access markets segment is
expected to grow at the fastest CAGR during the forecast period. Growth in this
segment is attributed to the development of advanced AEDs, rising cases of
sudden cardiac arrest at out-of-hospital settings, and increasing number of
public access defibrillation programs across the globe.
North America is expected to dominate the
market in 2017
Geographically,
the defibrillators market is segmented into North America, Europe, Asia
Pacific, and the Rest of the World. North America is expected to account for
the largest share of the market in 2017, followed by Europe. The large share of
North America can primarily be attributed to the rising geriatric population,
increasing incidence of cardiovascular diseases, and continuous technological
advancements & product innovations in the region.
The key players in the defibrillators
market include Medtronic (Ireland), St. Jude Medical (US), Boston Scientific
(US), Koninklijke Philips N.V. (Netherlands), ZOLL Medical (US), BIOTRONIK
(Germany), Physio-Control (US), Cardiac Science (US), LivaNova (UK), Nihon
Kohden (Japan), SCHILLER (Switzerland), Mindray Medical (China), Mediana (South
Korea), METRAX (Germany), and METsis (Turkey).
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