Defibrillators Market Analysis & Forecast, 2020-2025

The global defibrillators market generated revenue of US$ 11.5 billion in 2020 and is expected to reach US$15.3 billion by 2025 with a CAGR of 5.9% in the forecast period. The defibrillators market report offers a comprehensive market analysis of the different segments and regions that lets readers make crucial business-related decisions with a wealth of information enclosed in this report. The research report offers both qualitative and quantitative information on the global defibrillators market. In qualitative terms, the defibrillators market report provides insights into numerous factors, such as market determinants, value chain analysis, emerging trends, growth opportunity analysis, porters five-force model analysis and macro-economic factors, segment analysis, regional analysis at a granular level. Similarly, in quantitative terms, the report provides historical and forecast market numbers of defibrillators in various segments such as by product & end user at global, regional, and country-level. In addition, the report provides a detailed analysis of the market vendors and their product offerings. The report also covers details of the competitive market environment and includes information on the capabilities and competencies of market vendors.

Segment Analysis

• Implantable defibrillators segment accounts the dominating position in the market.  
  • Based on product, the defibrillators market is segmented into implantable defibrillators and external defibrillators. The implantable defibrillators segment holds the dominating position in the market in 2020 and is expected to retain its dominance throughout the forecast period. The implantable defibrillators segment is further segmented into transvenous-ICDs, subcutaneous implantable cardioverter defibrillator(S-ICD), cardiac resynchronization therapy – defibrillator (CRT-D). The transvenous-ICDs implantable defibrillators segment holds the dominant market position whereas cardiac resynchronization therapy – defibrillator (CRT-D) implantable defibrillators is expected to grow with the highest CAGR during the forecast period. 
• Public access end user is expected to grow with the highest CAGR in the forecast period. 
  • Based on end user, the defibrillators market is segmented into hospital, pre-hospital, home care, public access and alternate care facilities. The public access end user is expected to grow with the highest CAGR during the forecast period. In addition, hospital segment holds a dominant market position in 2020 and are expected to remain dominant over the forecast period. The growing number of cardiac implant cases and the availability of reimbursements in developed markets are main factors driving this end-user segment.
• North America accounts the dominating position in the market.
  • Based on the region, the defibrillators market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America holds a dominant position in the market in 2020 and expected to remain dominant over the forecast period. The rising geriatric population, increasing incidence of cardiac diseases, and technological advancements are the major factors driving the growth of the market in North America. Moreover, Europe is expected to grow with the highest CAGR in the forecast period. Germany, U.K., France are some of the market-driven countries in this region.
• Defibrillators Market Players: 
  • Some of the major players of defibrillators market are as follows:
    • Asahi Kasei Corporation
    • Stryker Corporation
    • Biotronik SE & Co. KG
    • Boston Scientific Corporation
    • Philips Healthcare
    • LivaNova PLC
    • Medtronic Plc
    • Cardiac Science Corporation
    • Nihon Kohden Corporation
    •  St. Jude Medical, Inc. 
  • The study also focuses on different business or inorganic market growth strategies through technology advancement, business expansion, alliances and mergers and acquisitions to create disruptive technologies and consumer networks.
• Key questions the report answers 
  • Which factors will contribute to a change in the demand for defibrillators during the evaluation phase?
  • What are the major driving factors that accelerate the growth of the market?
  • What are the restraints which hinders the growth of the market?
  • What segment offers the most development opportunities?
  • Which region provides the key growth opportunity to the market?
  • Who are the major industry players?
  • What are the key strategies adopted by the market players?