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Rising prevalence of target diseases is a significant factor driving global defibrillator market revenue growth

VANCOUVER, BRITISH COLUMBIA, CANADA, January 17, 2023 /EINPresswire.com/ -- The Global Defibrillator Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline.
The global defibrillator market size is expected to reach USD 26.0 Billion at a steady revenue CAGR of 9.7% in 2030, according to latest analysis by Emergen Research. Rising number of training and awareness programs on defibrillators is a major factor market revenue growth. Defibrillator is a medical device used to deliver therapeutic shock to patient’s heart in life-threatening conditions such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia. Although, installing an Automated External Defibrillator (AED) is not required for workplaces to follow 1981 Health and Safety (First-Aid) laws.
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Usage of implantable and automated external defibrillators has problems, which is a major factor restraining market revenue growth. AEDs used in public places are periodically prone to malfunction because of problems with the battery, software, and hardware. Therapy may be postponed or may result in fatalities without defibrillation. As a result of technical issues with the way device administered shocks, electrical issues, and hardware configuration, several defibrillators have been recalled over the years. Poor product performance and, in extreme cases, patient mortality are both possible consequences of defects.
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Key companies operating in the Defibrillator market include:
Medtronic, Stryker, Koninklijke Philips N.V., Asahi Kasei Corporation, Boston Scientific Corporation, Abbott, MicroPort Scientific Corporation, Nihon Kohden Corporation, Biotronik, and CU Medical Systems, Inc.
Emergen Research has segmented the Defibrillator market on the basis of product, installation, application, and region:
Type Outlook (Revenue, USD Million; 2019–2030)
Implantable Cardioverter Defibrillators
Transvenous Implantable Cardioverter Defibrillators
Biventricular ICDs/Cardiac Resynchronization Therapy Defibrillators
Dual-Chamber ICDs
Single-Chamber ICDs
Subcutaneous Implantable Cardioverter Defibrillators
External Defibrillators
Manual & Semi-Automated External Defibrillators
Fully Automated External Defibrillators
Wearable Cardioverter Defibrillators
Patient Type Outlook (Revenue, USD Million; 2019–2030)
Adult Patients
Pediatric Patients
End-Use Outlook (Revenue, USD Million; 2019–2030)
Hospitals, Clinics, and Cardiac Centers
Prehospital Care Settings
Public-Access Markets
Alternative Care Facilities
Home Care Settings
Other End-Use
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/defibrillator-market
Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
North America
U.S.
Canada
Europe
U.K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin America
Chile
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Key Questions Addressed in the Report:
Who are the leading players in the Defibrillator industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Defibrillator?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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