Defibrillator is a life-saving device used to deliver a therapeutic shock to the 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.
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.
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