Global Defibrillators Market worth $12.07bn in 2020

Wednesday 1 February 2017, Amsterdam

This new report, now available on ASDReports, Global Defibrillators Market Forecast 2017 - 2026: External Defibrillators, Implantable Cardioverter Defibrillators, Transvenous ICD, Subcutaneous ICD, Single-Chamber ICD, Dual-Chamber ICD, Cardiac Resynchronization Therapy Defibrillators (CRT-D), Manual External Defibrillators, Automated External Defibrillators, Wearable Cardioverter Defibrillators indicates that the Global Defibrillators Market will see $12.07bn in spending in 2020.

The global defibrillators market is expected to grow at a CAGR of 5.3% from 2016-2020 and CAGR of 5.1% from 2020-2026. The market is expected to grow at a CAGR of 5.2% from 2016 to 2026. The market is estimated at $9.84bn in 2016, $12.07bn in 2020, and $16.29bn in 2026.

The lead analyst of the report said: “The world defibrillators market is expected to experience a significant growth over the forecast period. The main drivers for the growth include rapid growth in aging population, development of technologically advanced defibrillators, huge burden of cardiovascular diseases, increasing adoption of AEDs in public access markets, and supportive government authorities.

However, lack of awareness about sudden cardiac arrest, issues related to the use of defibrillator devices (external and implantable), and unfavourable healthcare reforms in the U.S. are some of the key factors restraining the growth of this market. In addition to this, increasing pricing pressure on market players and frequent product recalls pose major challenges to defibrillator manufacturers. During the course of the forecast period, more companies are expected to expand their operations into developing economies. ”

The 180 page report contains 75 tables and 93 charts that add visual analysis in order to explain the developing trends within the Global Defibrillators Market. The key player provides revenue forecasts for the period 2017-2026 as well as qualitative analyses for the leading products of this market: External Defibrillators, Implantable Cardioverter Defibrillators, Transvenous ICD, Subcutaneous ICD, Single-Chamber ICD, Dual-Chamber ICD, Cardiac Resynchronization Therapy Defibrillators (CRT-D), Manual External Defibrillators, Automated External Defibrillators and Wearable Cardioverter Defibrillators.