Defibrillators are specialized devices that monitor the heart rhythm and deliver electric shocks to rectify abnormal heart rhythms on detection, and as such, play an important role in the treatment of sudden cardiac arrest.
New York, Dec. 03, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Defibrillator Market by Product Type, Patient Type, End Users And Region - Global Forecast to 2026" - https://www.reportlinker.com/p04141096/?utm_source=GNW Growth in this market is mainly driven by the rising prevalence of target diseases, growing focus on providing public-access defibrillators, and training and awareness programs on defibrillators.
In addition, emerging markets and the development of S-ICDs and MRI-compatible ICDs and CRT-Ds are expected to offer growth opportunities for players in the defibrillators market.Cardiovascular disease (CVD) is a leading cause of death and disability across the globe.
Globally, 17.9 million deaths due to CVD were reported in 2019, which amounts to 32% of the total deaths worldwide (Source: WHO). More than 75% of deaths due to CVDs occur in low- and middle-income countries. In the US alone, there were more than 390,000 sudden cardiac arrests in 2018 (Source: American Heart Association). Of the total US population, around 65% of deaths due to CVDs occur in people aged 75 and over, 29% in the age group of 5574, and 6% in the age group of 3554. Owing to this, the demand for defibrillators has increased, as these devices help save the lives of patients at a high risk of cardiac arrest. However, issues related to the use of implantable and automated external defibrillators, frequent product recalls, and a lack of awareness about sudden cardiac arrest in developing nations are expected to hinder the growth of the defibrillators market during the forecast period. Other factors such as limited reimbursements, lack of infrastructure, particularly in developing and underdeveloped countries are also expected to hinder the growth of this market.
Implantable Cardioverter Defibrillator segment accounted for the largest share of global defibrillator market in 2020 Based on type, the defibrillators market is broadly segmented into implantable cardioverter defibrillators (ICDs) and external defibrillators.The ICDs is further divided into transvenous implantable cardioverter defibrillators and subcutaneous implantable cardioverter defibrillators, whereas external defibrillators are divided into manual aed, fully automated aed and wearable defibrillator.
The ICDs segment accounted for a share of 71.5% of the global defibrillators market in 2020. The large share of this market segment can be attributed to the increasing prevalence of cardiovascular diseases and the development of technologically advanced defibrillators. For instance in July 2020, Abbott received FDA approval for its next-generation ICDs and CRT-Ds under the brand name of Gallant.
Hospitals, clinics and cardiac centres segment accounted for the largest market share of the defibrillator market based on end user in 2020 Based on end users, the defibrillators market is segmented into hospitals, clinics, and cardiac centers; prehospital care settings; public-access markets; alternate care facilities; home care settings; and other end users. The hospitals, clinics, and cardiac centers segment dominated the global defibrillators market, with a share of 80.2%, in 2020. The development of advanced ICDs and CRT-Ds and the large number of ICD and CRT-D implant procedures performed in hospitals, clinics, and cardiac centers are the major factors contributing to the large share of this end-user segment. The growing number of cardiac implant procedures and the availability of reimbursements across developed markets are the other major factors driving the growth of this end-user segment. According to the American Heart Association, an estimated 10,000 ICD procedures are carried out each month in the US alone (data as of July 2016). Similarly, the total number of ICD implants in England increased to 72 per million population in 2014 from 66 per million population in 2012 (Source: British Heart Rhythm Society).
Adult patients segment accounted for the largest market share of the defibrillator market based on patients type in 2020 Based on patient type, the defibrillators market is segmented into adult and pediatric patients. The adult patients segment dominated the global defibrillators market with a share of 59.5% in 2020.
In 2020, there were roughly 75 million adult patients (in the age group of 15 years and over) globally and 25 million pediatric patients (in the age group of 014 years) (Source: World Bank). According to data by the World Health Organization (WHO), around 30% of all global deaths occur due to cardiovascular disease, accounting for 17.9 million lives lost each year. About 2 in 10 deaths due to CVD (cardiovascular disease) occur in patients aged less than 65 (Source: Center for Disease Control and Prevention). The major reasons for heart disease are high blood pressure, high cholesterol, diabetes, obesity, unhealthy diets, physical inactivity, and excessive alcohol use.
The development of advanced ICDs, CRT-Ds, and AEDs, along with increasing awareness about cardiac diseases and preventive measures taken by government bodies, are the major factors contributing to the growth of the market.
The APAC market, by region, to register highest growth rate in the forecast period The global defibrillators market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share of 44.2% of the global defibrillators market, followed by Europe. On the other hand, the Asia Pacific market is estimated to register the highest growth rate during the forecast period. Factors such as the high burden of target diseases, rising geriatric population, and increasing awareness regarding defibrillators support the growth of the defibrillators market in the APAC. Particularly in Japan; increasing disposable incomes, allowing for greater affordability for advanced technologies; the rising prevalence of target diseases; and favorable government initiatives. Such factors help to drive the market in this region and draw foreign investments and partnerships. On the other hand, low hospital budgets, high equipment costs, and a lack of government investments in some countries are limiting the growth of the market in the Asia Pacific to a certain extent.
A breakdown of the primary participants referred to for this report is provided below: By Company Type: Tier 125%, Tier 237%, and Tier 3 38% By Designation: C-level34%, Director-level35%, and Others31% By Region: North America24%, Europe32%, Asia Pacific28%, Latin America10%, and the Middle East & Africa6%
Prominent players in the defibrillators market include Medtronic (Ireland), Stryker Corporation (US), Koninklijke Philips N.V. (Netherlands), Asahi Kasei Corporation (Japan), Boston Scientific Corporation (US), Abbott (US), Nihon Kohden (Japan) and MicroPort (China).
Research Coverage This report studies the defibrillator market based on product type, patient type, end user and region.It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders.
Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to five main regions (and the respective countries in these regions).
Reasons to Buy the Report The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a larger market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies for strengthening their market presence.
This report provides insights on the following pointers: Market Penetration: Comprehensive information on the product portfolios offered by the top players in the defibrillaotr market Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the defibrillator market Market Development: Comprehensive information on lucrative emerging regions Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the defibrillator market Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players. Read the full report: https://www.reportlinker.com/p04141096/?utm_source=GNW
About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
Story continues
- Heart Disease - April 10th, 2018 [April 10th, 2018]
- Heart and Cardiovascular Research - April 10th, 2018 [April 10th, 2018]
- Heart and Cardiovascular Research - iMedPub - May 22nd, 2018 [May 22nd, 2018]
- Heart Disease - A Closer Look at Stem Cell Treatments - May 27th, 2018 [May 27th, 2018]
- Heart Conferences | Heart Congress | Cardiology ... - June 26th, 2018 [June 26th, 2018]
- Heart disease - Symptoms and causes - Mayo Clinic - September 21st, 2018 [September 21st, 2018]
- Diabetes, Heart Disease, and Stroke | NIDDK - September 29th, 2018 [September 29th, 2018]
- Heart Diseases & Disorders - Heart Rhythm Society - October 31st, 2018 [October 31st, 2018]
- Heart Disease - Closer Look at Stem Cells - November 15th, 2018 [November 15th, 2018]
- What is Heart Disease?, HHS, NIH, NHLBI - December 28th, 2018 [December 28th, 2018]
- Types of Heart Disease | Covenant HealthCare - December 30th, 2018 [December 30th, 2018]
- Heart Disease - Lab Tests Online - December 30th, 2018 [December 30th, 2018]
- Heart Diseases | Genetic and Rare Diseases Information Center ... - December 30th, 2018 [December 30th, 2018]
- Heart Healthy Lifestyle - Prevent Heart Diseases - HeartCare - January 26th, 2019 [January 26th, 2019]
- Breast cancer most prevalent in Sabah - The Borneo Post - October 6th, 2019 [October 6th, 2019]
- Menopause and womens heart health - Udaipur Kiran - October 6th, 2019 [October 6th, 2019]
- Low Birth Weight Linked To Heart Problems In Adulthood: Study - News Nation - October 6th, 2019 [October 6th, 2019]
- Consuming Red Meat And Pork Linked To Heart Disease And Cancer - Peoria Observer - October 6th, 2019 [October 6th, 2019]
- Yes, we still need to cut down on red and processed meat - The Conversation AU - October 6th, 2019 [October 6th, 2019]
- On oral contraceptive pills? You could be at risk of heart disease! - Times Now - October 6th, 2019 [October 6th, 2019]
- Rutgers researchers find heart valve infections increasing in hospitals - RU Daily Targum - October 6th, 2019 [October 6th, 2019]
- Most common warning symptoms of heart attack - Elets - October 6th, 2019 [October 6th, 2019]
- Adults Who Lost Teeth More Prone to Heart Attack, Stroke - SciTechDaily - October 6th, 2019 [October 6th, 2019]
- Heart and Stroke Foundation: 80% of heart attacks, strokes can be prevented - Northern Natal Courier - October 6th, 2019 [October 6th, 2019]
- Heart diseases on the rise: experts - newagebd.net - October 6th, 2019 [October 6th, 2019]
- Heart attack: Best diet to protect against the life-threatening condition - Express - October 6th, 2019 [October 6th, 2019]
- Women 'suffering and dying' because of inequalities in heart disease diagnosis and treatment - Holyrood - October 6th, 2019 [October 6th, 2019]
- B'luru's air pollution contributing to heart diseases? Study finds drivers are at risk - The News Minute - October 6th, 2019 [October 6th, 2019]
- Alia Bhatt supports fundraising for kids with heart diseases: They are more positive than adults - India Today - October 6th, 2019 [October 6th, 2019]
- Reduce heart disease at the American Heart Associations Heart Walk - KXAN.com - October 6th, 2019 [October 6th, 2019]
- Losing teeth may not be a good sign, could be indicative of heart disease risk - Economic Times - October 6th, 2019 [October 6th, 2019]
- Tooth Loss Associated with Higher Risk of Heart Disease - Cath Lab Digest - October 6th, 2019 [October 6th, 2019]
- Heart failure is the silent killer you've been ignoring - Times of India - October 10th, 2019 [October 10th, 2019]
- FDA awards 12 grants to fund new clinical trials to advance the development of medical products for the treatment of rare diseases - FDA.gov - October 10th, 2019 [October 10th, 2019]
- Daikon Radish: Types, Nutrition, Benefits, and Uses - Healthline - October 10th, 2019 [October 10th, 2019]
- Air Pollution May Affect Every Organ, Cell in the Body - Voice of America - October 10th, 2019 [October 10th, 2019]
- Less than 6 hours of sleep a night linked to increased risk of early death - NHS Website - October 10th, 2019 [October 10th, 2019]
- Disabled mum left in tears after DWP wrongly stopped all her benefits - Mirror Online - October 10th, 2019 [October 10th, 2019]
- How to live longer: Best diet to boost your life expectancy - what to eat - Express - October 10th, 2019 [October 10th, 2019]
- Men Should Stop Drinking Six Months In Advance If They Plan to Be Fathers - AskMen - October 10th, 2019 [October 10th, 2019]
- Dr. Roach: Assessing the risks of secondhand cigarette smoke - The Detroit News - October 10th, 2019 [October 10th, 2019]
- What is vascular disease? - Midland Daily News - October 10th, 2019 [October 10th, 2019]
- Fauna Bio Receives Grant From the National Institutes of Health to Advance Its Drug Repurposing Platform - BioSpace - October 10th, 2019 [October 10th, 2019]
- Bacon rashers, statistics, and controversy - The BMJ - The BMJ - October 10th, 2019 [October 10th, 2019]
- Why should you have semolina (suji) for weight loss - Times of India - October 10th, 2019 [October 10th, 2019]
- 4 blind spots in the confusing debate about red meat - Inverse - October 10th, 2019 [October 10th, 2019]
- Inflammation Signs That Are Often Overlooked - msnNOW - October 10th, 2019 [October 10th, 2019]
- MKRMS seminar: Experts stress regular exercise, healthy food for heart health - The News International - October 10th, 2019 [October 10th, 2019]
- Exercise, healthy food for heart health stressed - The News International - October 10th, 2019 [October 10th, 2019]
- AstraZeneca HealthCare Foundation Awards $775000 to 11 Innovative Heart Health Programs & Announces Open Call for Applications - Business Wire - October 10th, 2019 [October 10th, 2019]
- How to live longer: The superfood proven to boost brain and heart health - Express - October 10th, 2019 [October 10th, 2019]
- People with mental disorder at high risk of heart diseases - Yahoo India News - October 10th, 2019 [October 10th, 2019]
- Do Women Need To Worry About Heart Disease? - Version Weekly - October 10th, 2019 [October 10th, 2019]
- Stroke rates continue decline in the U.S. - Reuters - October 10th, 2019 [October 10th, 2019]
- 6 Foods That Can Help Protect You Against Life-Threatening Ailments - International Business Times - October 10th, 2019 [October 10th, 2019]
- Prevention of Heart Disease - The Sentinel Assam - October 10th, 2019 [October 10th, 2019]
- Tooth loss linked to higher risk of heart disease - The New Indian Express - October 10th, 2019 [October 10th, 2019]
- Performing HIIT Exercises Can Help Minimize The Risk Of Contracting A Heart Disease - International Business Times - October 10th, 2019 [October 10th, 2019]
- Heart disease: Best exercise to lower the risk of developing the deadly condition - Express - October 10th, 2019 [October 10th, 2019]
- Shropshire people left more than 343000 in wills to British Heart Foundation - shropshirestar.com - October 11th, 2019 [October 11th, 2019]
- Queen's Speech puts air pollution, science and the NHS on the agenda - British Heart Foundation - October 15th, 2019 [October 15th, 2019]
- In a rural Wisconsin village, the doctor makes house calls and sees some of the rarest diseases on Earth - Milwaukee Journal Sentinel - October 15th, 2019 [October 15th, 2019]
- Treatment And Management Of Heart Disease During Pregnancy - Version Weekly - October 15th, 2019 [October 15th, 2019]
- Severe dental diseases persist in S.D. due to chronic poverty and lack of access to dentists - KELO AM-FM - October 15th, 2019 [October 15th, 2019]
- New York Ranks 25th In Nation In First-Ever Childhood Obesity Study - WAER - October 15th, 2019 [October 15th, 2019]
- Saddleridge Fire Leads to Poor Air Quality, Tips on Staying Healthy - NBC Southern California - October 15th, 2019 [October 15th, 2019]
- This country just became the first to ban ads for sugary drinks - WGAL Lancaster - October 15th, 2019 [October 15th, 2019]
- Heart disease: Three dietary tips to keep the risks at bay - Express - October 15th, 2019 [October 15th, 2019]
- Eating habits that can reverse heart disease - Daily Monitor - October 15th, 2019 [October 15th, 2019]
- Hale and hearty: Tips to maintain good heart health - The New Indian Express - October 15th, 2019 [October 15th, 2019]
- Exercise Is Especially Important For Those With Heart Disease - Anti Aging News - October 15th, 2019 [October 15th, 2019]
- Exercise good for people with heart disease, other physical ailments - Al Bawaba - October 15th, 2019 [October 15th, 2019]
- Should you eat red meat or not? A dietitian explains the latest nutrition science on meat, eggs and butter - NBC News - October 15th, 2019 [October 15th, 2019]
- Rheumatic heart disease in Northern Territory 'a bloody health emergency' - The Guardian - October 15th, 2019 [October 15th, 2019]
- PPMD Grants to Promote Gene Therapy for Heart Disease and Patient Outcomes Research - Muscular Dystrophy News - October 15th, 2019 [October 15th, 2019]
- University of Guelph researchers track how cats' weights change over time - Jill Lopez - October 20th, 2019 [October 20th, 2019]
- Study Shows That a 50% Pay Raise Lowers the Risk of Cardiovascular Diseases by 15% - WORLD OF BUZZ - October 20th, 2019 [October 20th, 2019]
- Dog owners less likely to have cardiovascular diseases, and better chances of recovering from strokes or heart - MEAWW - October 20th, 2019 [October 20th, 2019]
- Keep your heart pumping - The New Indian Express - October 20th, 2019 [October 20th, 2019]
- How Can We Curb the Spread of Scientific Racism? - Scientific American - October 20th, 2019 [October 20th, 2019]