Defibrillators Market Is Projected To Reach USD 15.75 Billion By 2020: By Grand View Research, Inc.
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.
Browse full research report on Defibrillators Market: http://www.grandviewresearch.com/industry-analysis/defibrillators-market
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.
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
Access press release of this
research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-defibrillators-market
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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