HealthCare Market Analysis

The global  defibrillator market  is expected to reach USD 18.8 billion by 2025, according to a new report by Grand View Research, Inc. To increase the availability of defibrillators in developed countries, the government is making amendments in their policies to make the product available at various places. Training programs and awareness campaigns are conducted at regular intervals, which are increasing awareness about defibrillation and indirectly increasing the demand for home care products as well as public access defibrillators. 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. 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,...

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...