Increasing Penetration Of Public And Private Health Insurance To Drive Defibrillators Market Growth Till 2025: Grand View Research, Inc.
The
global defibrillator market is expected to reach USD
21.92 billion by 2025, according to a new report by Grand View Research, Inc.
To increase the availability of these products in developed countries, the
government is making amendments in their policies to make the product available
at various places.
The
healthcare expenditure at a global level is rising, along with increasing
penetration of public and private health insurance. This rise is expected to
fuel demand for defibrillators across various end-user segments.
In
the U.S., there are more than 250,000 cases of death due to SCA every year. In
order to, decrease this number, all the 50 states have enforced or supported
the broad public access law. The American Heart Association noted that a
minimum of 20,000 lives were saved due to publicly accessible defibrillators
annually. It is also estimated that as many as 50,000 deaths are prevented due
to deployment of AEDs among the trained responders. The states recommend that
Public Access Defibrillators (PADs) must be present in public buildings,
transportation centers, residential apartments and transportation centers.
Defibrillator
market is driven by innovative processes. For instance, a program under trial
in Sweden is likely to deliver AEDs via drones. This is anticipated to reduce
the delivery time for defibrillators, thus saving more lives. The growth of
this industry can be attributed to new product development, mergers &
acquisitions, and rising market penetration.
Browse full research report on defibrillators
market: http://www.grandviewresearch.com/industry-analysis/defibrillators-market
Further
key findings from the report suggest:
- Implantable Convertible Defibrillator (ICD) was
the major contributor in this industry in 2016
- External defibrillators recorded the fastest
growth in the industry
- Hospitals were the major contributors in the
end-use segment in 2016
- The public access market was the fastest
growing end-user segment of the overall industry in 2016
- North America held a major share in this
industry
- Asia Pacific region is anticipated to exhibit
fastest growth in the global defibrillator industry
- Some of the key players are Medtronic; St. Jude
Medical LLC; Boston Scientific Corporation; LivaNova; Koninklijke Philips
N.V.; ZOLL Medical Corporation; Cardiac Science; Physio-Control Inc.;
Nihon Kohden Corporation; Defibtech LLC; HeartSine Technologies LLC;
Progetti Srl; Fukuda Denshi Co., Ltd.; and Schiller AG
- New product development, mergers &
acquisitions, and regional expansion are some of the strategic initiatives
undertaken by the key players
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-defibrillators-market
About
Grand View Research, Inc:
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, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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