08-Oct-2021 | Zion Market Research
Major companies in the Defibrillators Market are Boston Scientific Corporation, Medtronic Plc, Abbott Laboratories, Nihon Kohden Corporation, Koninklijke Philips N.V., Biotronik, LivaNova Plc, Mediana Co. Ltd., BPL Medical Technologies and Schiller AG among others. These players are set to bolster the development of the global Defibrillators Market.
According to analysts at Zion Market Research, the global Defibrillators market accounted for USD 9,714.6 Million in 2020 and is expected to reach USD 12,552.2 Million by 2028, growing at a CAGR of 3.5% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Defibrillators Market By Product (Implantable Cardioverter Defibrillators and External Defibrillators), By End User (Hospitals, Clinics and Cardiac Centers, Prehospital Care Settings, Public Access Markets, Home Care Settings and Alternate Care Facilities), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Increasing Geriatric Population to Propel Growth
Major factors contributing towards the boost of Defibrillators market include fast growth in the geriatric population with elevated risk of target diseases, production of technologically improved Defibrillators, growing frequency of cardiovascular diseases globally, rising number of awareness and training programs around the world, and increasing attention of private and public organizations.
In addition, the capability of Defibrillators to rectify cardiac conditions, including ventricular tachycardia, ventricular fibrillation, and cardiac arrhythmias will further propel the market growth.
Encouraging Government Policies to Assist North America Growth
North America has been dominating the global Defibrillators market. The growth of the market in this region can be attributed to the encouraging government programs pertaining to quicker therapy accessibility, the growing aging population, rising patient consciousness along with comparatively elevated healthcare spending, and refined healthcare infrastructure.
Browse the full “Defibrillators Market By Product (Implantable Cardioverter Defibrillators and External Defibrillators), By End User (Hospitals, Clinics and Cardiac Centers, Prehospital Care Settings, Public Access Markets, Home Care Settings and Alternate Care Facilities) and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/defibrillators-market
Asia-Pacific region is also expected to advance in the market in the near future owing to the rising prevalence of cardiovascular diseases, enhancing healthcare infrastructure, increasing healthcare expenditure, and positive government proposals in this region.
The Global Defibrillators Market is segmented as follows:
By End User
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