The Global Defibrillator Market is expected
to reach USD 15.75 billion by 2020, according to a new report by Grand View
Research Inc. Increasing prevalence of cardiovascular diseases coupled with
rising adoption rate of remote and regular patient monitoring is expected to
boost the defibrillator market over the forecast period. The market is
anticipated to grow at a CAGR 6.8% during the forecast period.
Rising work related stress and
exposure to harmful chemicals such as carbon monoxide, lead, arsenic, and
unhealthy lifestyle habits are vital causes triggering cardiac diseases. Lack
of availability of prompt treatment in case of sudden cardiac arrest (SCA) is
another important factor promoting the growth.
Strategic initiatives by
healthcare federal bodies such as the distribution and widespread access of
automated external defibrillators (AED) in public buildings and spaces further
propels the expansion of the market. This initiative was begun after a study
projected that over 700 people die per day due to unavailability of treatment
for sudden cardiac arrest.
Browse full research report on Global
Defibrillator Market: http://www.grandviewresearch.com/industry-analysis/defibrillators-market
Implantable cardioverter
defibrillator device is expected to report revenue of over 8 billion by 2020
due to enhancement in the technology and reduced number of sudden deaths.
External defibrillators are expected to report a CAGR of 7.1% due to new
software and smaller implant development. Ilesto DX, a product offered by
Biotronik is first of its kind, allowing complete atrial diagnosis with a
single defibrillator lead. Home care and public access market together are
expected to register lucrative growth with revenue over 1.1 billion by 2020.
Faster treatment availability and reduced hospital visits is the principal
driver for the development.
North American region is
anticipated to contribute over 35.0% of revenue in 2020, owing to rising
geriatric population, favorable government initiatives pertaining to faster
therapy availability, sophisticated healthcare infrastructure and increasing
patient awareness levels coupled with relatively higher healthcare expenditures
in the region.
Asia Pacific region is projected
to reach over USD 3.5 billion by registering lucrative growth throughout the
forecast period. The growth is attributed to the larger untapped opportunities,
rising healthcare expenditure, augmenting disease prevalence rate, and
supportive government initiatives and concession.
Major players of the industry
include Boston Scientific Corporation, ZOLL Medical Corporation, St. Jude’s
Medical, Medtronic, Biotronik, and Cardiac Science Corporation. St. Jude’s
Medical offer the ShockGuard technology in their devices that facilitate in
differentiation between true ventricular tachycardia and other lead noises
thereby promoting higher safety of the patient.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global defibrillator
market on the basis of products, end-use and region:
Global Defibrillator Market Product Outlook (Market
Revenue in USD Million, 2012 - 2020)
• Implantable Cardioverter Defibrillator
o Single Chamber Implantable Cardioverter Defibrillator
o Dual Chamber Implantable Cardioverter Defibrillator
• External Defibrillator
o Manual External Defibrillator
o Automated External Defibrillator
o Wearable Cardioverter Defibrillators
Global Defibrillator End-use Outlook (Revenue, USD
Million, 2012 - 2020)
• Hospital
• Pre Hospital
• Public Access Market
• Alternate Care Market
• Home Health Care
Defibrillator Market Regional Outlook (Market Revenue in
USD Million, 2012 - 2020)
• North America
o U.S.
o Rest of North America
• Europe
o Germany
o UK
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East and Africa
o South Africa
o Rest of Middle East and Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
No comments:
Post a Comment