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Defibrillator Market

Defibrillator Market Size, Share & Trends Analysis Report By Product (Implantable Defibrillators, External Defibrillators) And End-User (Hospitals, Pre-Hospitals, Public Access Market, Alternative Care And Home), By Region, And Segment Forecasts, 2024-2031

Report ID : 1612 | Published : 2024-03-27 | Pages: 180 | Format: PDF/EXCEL

The global Defibrillator market size is valued at 14.00 billion in 2023 and is predicted to reach 24.17 billion by the year 2031 at a 7.12% CAGR during the forecast period for 2024-2031.

Key Industry Insights & Findings from the Report:

  • As heart disease and stroke become more common, along with the need for more sophisticated medical equipment, the defibrillator industry is predicted to grow.
  • The industry has been driven by the increasing interest in public access defibrillators (PADs) from public and private entities.
  • North America dominated the market and accounted for a revenue share of global revenue in 2023.
  • Defibrillator product demand growth in underdeveloped nations is expected to be hindered by a lack of clinical and product awareness in the next decade. 

Defibrillator Market

Defibrillators are medical devices that are used to treat life-threatening cardiac arrhythmias. These devices deliver an electrical shock to the heart to restore its rhythm. Defibrillators are widely used in hospitals, emergency medical services, and other healthcare settings. The defibrillator market is expected to expand due to the increasing prevalence of cardiovascular conditions and the demand for advanced medical devices. The rising incidence of cardiovascular diseases, the aging population, and advancements in defibrillator technology drive the market.

However, there is a lack of awareness among the general public about defibrillators and their importance in treating sudden cardiac arrest. This can limit demand for the devices. 

Recent Developments:

  • In January 2019, BioTelemetry, Inc., a remote and wireless business specializing in health data, purchased Geneva Healthcare.
  • In July 2020, Philips introduced a pre-hospital wireless monitoring solution for emergency medical response in the United States. The answer is an integrated, end-to-end system that expands first responders' pre-hospital spectrum of treatment by fusing cutting-edge hardware and cutting-edge software. 

Competitive Landscape:

Some of the Defibrillator Market players are:

  • Abbott
  • AMI Italia
  • Asahi Kasei Corporation
  • Avive Solutions Inc.
  • AXION Ltd.
  • Bexen Cardio
  • Biotronik SE & Co. KG
  • Boston Scientific Corporation
  • BPL Medical Technologies
  • Cardiac Science Corporation
  • CU Medical Systems
  • Element Science Inc.
  • HeartHero Inc.
  • Jeevtronics Pvt. Ltd.
  • LivaNova PLC
  • Mediana Co. Ltd.
  • Medtronic plc
  • Metrax GmbH – PRIMEDIC
  • METsis Medikal
  • MicroPort Scientific Corporation
  • Mindray Medical International Ltd.
  • MS Westfalia GmbH
  • Nihon Kohden Corporation
  • Philips Healthcare
  • Progetti SRL – Medical Equipment Solutions
  • Schiller AG
  • Shenzhen Comen Medical Instruments Ltd.
  • Jude Medical, Inc.
  • Stryker Corporation

Market Segmentation:

The Defibrillator Market is segmented based on product and end-user. Based on product, the market is segmented into Implantable Defibrillators (Transvenous Implantable Cardioverter Defibrillator (T-ICDs), Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs), Cardiac Resynchronization Therapy- Defibrillator (CRT-D)), External Defibrillators (Manual External Defibrillator, Automated External Defibrillator (AEDs), and Wearable Cardioverter Defibrillator (WCDs)). By end-user, the market is segmented into hospitals, pre-hospitals, public access market, alternative care and home.

Based On Product, The Implantable Defibrillators Segment Is A Major Contributor In The Defibrillators Market

the implantable cardioverter-defibrillators (ICDs) segment is anticipated to dominate the defibrillator market terms of revenue during the forecast period. ICDs are implanted in the chest and continuously monitor the heart's rhythm. They can deliver a shock to the heart if an abnormal rhythm is detected and are used to treat patients at increased risk of sudden cardiac arrest. The demand for ICDs is driven by the rising incidence of cardiovascular diseases and the growing elderly population. As the population ages, the incidence of cardiovascular diseases increases, leading to a higher demand for ICDs. Additionally, advancements in ICD technology have led to more reliable and effective devices, further boosting their adoption.

The Hospital Segment Witnessed Growth At A Rapid Rate

The hospital segment is anticipated to dominate the defibrillator market in terms of end-users during the forecast period. Hospitals primarily use defibrillators, which are widely used in emergency departments, intensive care units, and cardiac catheterization labs. The demand for defibrillators in hospitals is driven by the increasing incidence of cardiovascular conditions and the growing elderly population. As the population ages, the incidence of cardiovascular diseases increases, leading to a higher demand for defibrillators in hospital settings. Additionally, advancements in defibrillator technology have led to more reliable and effective devices, further fueling their adoption in hospitals.

The North America Defibrillators Market Holds A Significant Revenue Share In The Region

The North American Defibrillators Market is expected to record the highest market share in revenue shortly. North America is presently the largest market for defibrillators in terms of revenue. The region has a well-developed healthcare infrastructure and advanced medical technology, contributing to the high adoption of defibrillators. The elevated prevalence of cardiovascular disorders in the region, especially in the United States, has also contributed to the market's growth. The United States is North America's largest market for defibrillators, followed by Canada. However, the market is expected to witness significant growth in the Asia-Pacific region during the forecast period, owing to the increasing incidence of cardiovascular diseases and the growing elderly population.

Defibrillator Market Report Scope:

Report Attribute

Specifications

Market size value in 2023

USD 14.00 Bn

Revenue forecast in 2031

USD 24.17 Bn

Growth rate CAGR

CAGR of 7.12% from 2024 to 2031

Quantitative units

Representation of revenue in US$ Billion, volume (units) and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Product And End-User

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Asahi Kasei Corporation, Stryker Corporation, Biotronik SE & Co. KG, Boston Scientific Corporation, Philips Healthcare, LivaNova PLC, Medtronic plc, Cardiac Science Corporation, Nihon Kohden Corporation, and St. Jude Medical, Inc.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary
Chapter 3. Global Defibrillator Market Snapshot
Chapter 4. Global Defibrillator Market Variables, Trends & Scope

4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2023 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:

5.2.1. Implantable Defibrillators

5.2.1.1. Transvenous Implantable Cardioverter Defibrillator (T-ICDs)
5.2.1.2. Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs)
5.2.1.3. Cardiac Resynchronization Therapy- Defibrillator (CRT-D)

5.2.2. External Defibrillators

5.2.2.1. Manual External Defibrillator
5.2.2.2. Automated External Defibrillator (AEDs)
5.2.2.3. Wearable Cardioverter Defibrillator (WCDs)

Chapter 6. Market Segmentation 2: by End-users Estimates & Trend Analysis
6.1. by End-users & Market Share, 2023 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-users:

6.2.1. Hospitals
6.2.2. Pre-Hospitals
6.2.3. Public Access Market
6.2.4. Alternative Care
6.2.5. Home

Chapter 7. Defibrillator Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.1.2. North America Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2024-2031
7.1.3. North America Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.2. Europe

7.2.1. Europe Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.2.2. Europe Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2024-2031
7.2.3. Europe Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.3.2. Asia Pacific Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2024-2031
7.3.3. Asia Pacific Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.4. Latin America

7.4.1. Latin America Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.4.2. Latin America Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2024-2031
7.4.3. Latin America Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.5.2. Middle East & Africa Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2024-2031
7.5.3. Middle East & Africa Defibrillator Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles


8.2.1. Abbott
8.2.2. AMI Italia
8.2.3. Asahi Kasei Corporation
8.2.4. Avive Solutions Inc.
8.2.5. AXION Ltd.
8.2.6. Bexen Cardio
8.2.7. Biotronik SE & Co. KG
8.2.8. Boston Scientific Corporation
8.2.9. BPL Medical Technologies
8.2.10. Cardiac Science Corporation
8.2.11. CU Medical Systems
8.2.12. Element Science Inc.
8.2.13. HeartHero Inc.
8.2.14. Jeevtronics Pvt. Ltd.
8.2.15. LivaNova PLC
8.2.16. Mediana Co. Ltd.
8.2.17. Medtronic plc
8.2.18. Metrax GmbH – PRIMEDIC
8.2.19. METsis Medikal
8.2.20. MicroPort Scientific Corporation
8.2.21. Mindray Medical International Ltd.
8.2.22. MS Westfalia GmbH
8.2.23. Nihon Kohden Corporation
8.2.24. Philips Healthcare
8.2.25. Progetti SRL – Medical Equipment Solutions
8.2.26. Schiller AG
8.2.27. Shenzhen Comen Medical Instruments Ltd.
8.2.28. St. Jude Medical, Inc.
8.2.29. Stryker Corporation
8.2.30. Other Prominent Players

Segmentation of Defibrillator Market-

By Product-

  • Implantable Defibrillators
    • Transvenous Implantable Cardioverter Defibrillator (T-ICD)
    • Subcutaneous Implantable Cardioverter Defibrillator (S-ICD)
    • Cardiac Resynchronization Therapy- Defibrillator (CRT-D)
  • External Defibrillators
    • Manual External Defibrillator
    • Automated External Defibrillators (AEDs)
    • Wearable Cardioverter Defibrillators (WCDs) 

Defibrillator Market

By End-user

  • Hospitals
  • Pre-Hospitals
  • Public Access Market
  • Alternative Care
  • Home

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Defibrillator Market?

Defibrillator Market expected to grow at a 7.12% CAGR during the forecast period for 2024-2031

Asahi Kasei Corporation, Stryker Corporation, Biotronik SE & Co. KG, Boston Scientific Corporation, Philips Healthcare, LivaNova PLC

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