Defibrillator is a life-saving device used to deliver a therapeutic shock to patient's heart in life-threatening conditions such as cardiac arrhythmia, ventricular fibrillation, and pulseless ventricular tachycardia. The defibrillation procedure consists of delivering an electric shock to the patient's heart, which depolarizes heart muscles and restores normal electric impulse. Market Industry Reports (MIR) has published a new report titled "Defibrillator Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the Global Defibrillator Market is estimated to account for over US$ 9.9 Billion by 2019. The market is anticipated to grow at a CAGR of ~4% from 2019 to 2030.
The market growth of the defibrillator market can be attributed to several factors, which has led to its wide-scale adoption. The incidences & prevalence of cardiac disorders, growing focus on providing public-access defibrillators and technological advancements in defibrillators are anticipated to further contribute to substantial market growth between 2019 and 2030. However, issues related to the use of implantable & automated external defibrillators and frequent product recalls are likely to restrain market growth to a certain extent.
Major Key Players of the Defibrillator Market are:
Boston Scientific, Koninklijke Philips N.V, ZOLL Medical Corporation, SCHILLER, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Medtronic, NIHON KOHDEN CORPORATION., Physio-Control, METsis Medikal Ltd., Metrax GmbH, among others.
Read More @ http://www.sbwire.com/press-releases/defibrillator-market-is-growing-at-a-high-cagr-by-2030-according-to-a-new-research-report-by-boston-scientific-koninklijke-philips-1281768.htm
To obtain better insights regarding the market scenario, prominent players are increasingly focusing on collaborative initiatives with several institutes, research centers, and companies. For instance, In December 2017, Zoll Medical Corp. and Myant, Inc. entered an exclusive strategic multi-year agreement to jointly develop technologies that will be leveraged in future generations of the Zoll LifeVest wearable defibrillator.
Incidences & prevalence of cardiac disorders coupled with increasing aging population is expected to boost the growth of the market. The prevalence of cardiovascular diseases has also increased in individuals below 35 years and Sudden Cardiac Arrest (SCA) is believed to be the major causes of death in younger population. Rising awareness about the cardiac diseases and growing demand for treatment of SCA is expected to support growth of the market over the forecast period. The most common cause of death due to Sudden Cardiac Arrest (SCA) is the unawareness and unavailability of defibrillators. Therefore many developed countries are making efforts to increase defibrillator awareness through training programs at schools, offices, and other public places. Also, many initiatives are being taken to make it mandatory to store and maintain automated external defibrillators (AEDs) at public places like sports arenas, schools, government facilities, and institutes. Therefore, implementation of such regulation in developed countries will aid in the upsurge the market size.
Major Types of Defibrillator Market covered are:
Implantable Cardioverter Defibrillator
External Defibrillator
Major Applications of Defibrillator Market covered are:
Hospitals
Clinics, & Cardiac Centers
Pre-Hospital Care Settings; and Home Care Settings
Read More @ http://www.sbwire.com/press-releases/defibrillator-market-is-growing-at-a-high-cagr-by-2030-according-to-a-new-research-report-by-boston-scientific-koninklijke-philips-1281768.htm
The market growth of the defibrillator market can be attributed to several factors, which has led to its wide-scale adoption. The incidences & prevalence of cardiac disorders, growing focus on providing public-access defibrillators and technological advancements in defibrillators are anticipated to further contribute to substantial market growth between 2019 and 2030. However, issues related to the use of implantable & automated external defibrillators and frequent product recalls are likely to restrain market growth to a certain extent.
Major Key Players of the Defibrillator Market are:
Boston Scientific, Koninklijke Philips N.V, ZOLL Medical Corporation, SCHILLER, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Medtronic, NIHON KOHDEN CORPORATION., Physio-Control, METsis Medikal Ltd., Metrax GmbH, among others.
Read More @ http://www.sbwire.com/press-releases/defibrillator-market-is-growing-at-a-high-cagr-by-2030-according-to-a-new-research-report-by-boston-scientific-koninklijke-philips-1281768.htm
To obtain better insights regarding the market scenario, prominent players are increasingly focusing on collaborative initiatives with several institutes, research centers, and companies. For instance, In December 2017, Zoll Medical Corp. and Myant, Inc. entered an exclusive strategic multi-year agreement to jointly develop technologies that will be leveraged in future generations of the Zoll LifeVest wearable defibrillator.
Incidences & prevalence of cardiac disorders coupled with increasing aging population is expected to boost the growth of the market. The prevalence of cardiovascular diseases has also increased in individuals below 35 years and Sudden Cardiac Arrest (SCA) is believed to be the major causes of death in younger population. Rising awareness about the cardiac diseases and growing demand for treatment of SCA is expected to support growth of the market over the forecast period. The most common cause of death due to Sudden Cardiac Arrest (SCA) is the unawareness and unavailability of defibrillators. Therefore many developed countries are making efforts to increase defibrillator awareness through training programs at schools, offices, and other public places. Also, many initiatives are being taken to make it mandatory to store and maintain automated external defibrillators (AEDs) at public places like sports arenas, schools, government facilities, and institutes. Therefore, implementation of such regulation in developed countries will aid in the upsurge the market size.
Major Types of Defibrillator Market covered are:
Implantable Cardioverter Defibrillator
External Defibrillator
Major Applications of Defibrillator Market covered are:
Hospitals
Clinics, & Cardiac Centers
Pre-Hospital Care Settings; and Home Care Settings
Read More @ http://www.sbwire.com/press-releases/defibrillator-market-is-growing-at-a-high-cagr-by-2030-according-to-a-new-research-report-by-boston-scientific-koninklijke-philips-1281768.htm
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