Market growth influenced due to following factors-
- Technological advancements in defibrillators.
- Rising prevalence of target diseases.
- Growing focus on providing public-access defibrillators.
Global market size-
According to the new market research report Defibrillators Market is projected to reach $10,883.3 million by 2022, Growing at a CAGR of 3.1%.
Leading Players-
As of 2016, prominent players in the defibrillators market include Medtronic (Ireland), St. Jude Medical (US), Boston Scientific (US), Philips (the Netherlands), ZOLL Medical (US), BIOTRONIK (Germany), Physio-Control (US), Cardiac Science (US), LivaNova(UK), Nihon Kohden (Japan), SCHILLER (Switzerland), Mindray Medical (China), Mediana (South Korea), METRAX (Germany), and METsis (Turkey) are some major players in the global market.
Top Market Segments-
On the basis of products, the external defibrillator market is classified into implantable cardioverter defibrillators (ICDs) and external defibrillators. The ICDs product segment is bifurcated into transvenous implantable cardioverter defibrillators (T-ICDs) and subcutaneous implantable cardioverter defibrillators (S-ICDs).
The ICDs segment is expected to account for the largest share of the global market in 2017. Factors such as the development of technologically advanced devices with extended longevity, rapid growth in the number of implant procedures, and increasing adoption of cardiac resynchronization therapy defibrillators (CRT-Ds) and S-ICD systems across the globe are contributing to the large share of this segment.
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Geographic Overview –
The large share of the North American external defibrillator market can mainly be attributed to the continuous technological advancements and product innovations, increasing number of public defibrillation programs, and rising focus of key players to expand their business in the North American region.
