(PharmaNewsWire.Com, January 09, 2018 ) Defibrillators Market by Product (Implantable Cardioverter Defibrillator (Transvenous ICD, Single & Dual Chamber, CRT-D, S-ICD) and External (Manual, AED, Wearable)), End User (Hospital, Prehospital, Public Access, Home) and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (20162021)
According to the report Global Defibrillators Market, published by Market Data Forecast, the market is projected to reach USD 14.24 billion by 2021, at a CAGR of 7.3% from 2016 to 2021.
Defibrillator is a vital tool in cardiopulmonary resuscitation indicated in cardiac arrhythmia. Defibrillators have undergone significant improvement in terms of size reduction, cost, and ease of operation. Most significant advancements are development of implantable cardioverter defibrillator (ICD) and automated external defibrillator (AED). These devices help prevent cardiac attacks, with little or no external aid irrespective of the location and time in case of any major variations in heartbeat.
Defibrillators Market: Drivers & Restraints Rising incidences of cardiovascular diseases worldwide, growing number of training and awareness programs and augmenting geriatric population are the primary causes driving the growth of this market. In spite of that, issues related to the use of implantable and external defibrillators along with inadequate awareness on sudden cardiac arrests (SCAs) can hamper the growth of this market. Frequent product recalls conjoined with growing pricing pressure on market players also hinder market growth to a certain extent.
Defibrillators Market: Overview Of all the product categories of the defibrillators market, the S-ICDs segment is estimated to grow at the highest CAGR during the aforementioned forecast period. This is primarily attributed to its rising adoption due to its advantages such as growing number of research activities to support the adoption of S-ICD systems coupled with less-invasive approach and proven efficacy.
Defibrillators Market: Region-wise Outlook By geography, the global Defibrillators market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Presently, North America accounts for the largest market share while Asia Pacific has the highest CAGR.
Key Questions Answered What is the current and future Defibrillators Market outlook in Global? What trends are affecting the market? What is the competitive landscape and market share of major players in the Defibrillators Market space in Global? What are the key, high growth markets that Defibrillators Market manufacturers should expand into? Which market segments are growing the fastest? What are the unmet needs with the Defibrillators currently on the market? How will emerging technologies fulfil these unmet needs? What is patient perception and market outlook of Defibrillators? What are the challenges and barriers that have hindered widespread adoption of Defibrillators?
Defibrillators Market: Key Players Major companies in the Defibrillators market are Medtronic PLC (Ireland), St. Jude Medical, Inc. (U.S.), Boston Scientific Corporation (U.S.), BIOTRONIK SE & Co. KG (Germany), LivaNova PLC (U.K.), Koninklijke Philips N.V. (Netherlands), ZOLL Medical Corporation (U.S.), Cardiac Science Corporation (U.S.), Physio-Control, Inc. (U.S.), and Nihon Kohden Corporation (Japan).
Reasons to buy Defibrillators Market Report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
