Automated External Defibrillator (AED) Market Size, Share, Growth Report 2030

Global Automated External Defibrillator (AED) Market: Overview

The Automated External Defibrillator (AED) Market Size is set for rapid growth over the forecast period. In terms of revenue, the global AED market accounted for USD 1,519.05 Million in 2019 and is expected to reach USD 2,475.68 Million by 2026, growing at a CAGR of 7.23%

Request Free Sample

An automatic external defibrillator is a lightweight, compact system that delivers an electrical shock to the heart through the chest. An electrical shock will potentially interrupt an abnormal heartbeat and enable a normal rhythm to recover after a sudden cardiac arrest (SCA).

The tendency towards external implantable system defibrillators has increased manufacturers' focus on less costly and easy-to-operate devices that could be used in homes without any technological expertise. For example, Stryker Corporation introduced the LIFEPAK CR2 defibrillator in the United States in April 2019. The system has been equipped with a program manager for LIFELINKcentral AED that enables chest compressions to proceed during electrocardiogram (ECG) examination and improves hands-on time to minimize the longest cardiopulmonary resuscitation (CPR) delays, which can boost the outcome of survival. Trending and attracting buyers are the latest advances in the field of AED, thereby having a significant positive effect on the automated external defibrillator market.

Global AED Market: Growth Factors

The elderly population plays a key role worldwide in the rising demand for AEDs. After Japan and China, the United States has the third highest aging population. The overall number of Americans aged 65 years or older is projected to rise two-fold, from 2014 to 2060, according to the survey by the 2018 Population Reference Bureau. Older people tend to become more vulnerable to chronic diseases, primarily cardiovascular diseases, with increasing age.

According to the article published by the National Center for Biotechnology Information (NCBI). In 2013, unexpected cardiac arrest was a significant cause of death in the elderly in the United States, due to the high prevalence of systolic dysfunction, congestive heart failure, and coronary heart disease. The article also mentioned the link between sudden or unexpected cardiac arrest and the growing age. Therefore, this increasingly high aging population would lead to high adoption of different types of AED, which would further fuel the demand for automated external defibrillators.

Global AED Market Report Scope:

Global AED Market: Segmentation

Based on the product type, the AED market in the non-wearable segment is expected to rise faster in the near future. This is due to the fact that non-wearable devices are user-friendly, easy to manage, and need less maintenance.

On the basis of technology, the fully automatic group held the largest market share for automated external defibrillators, with a significant share, in 2019. Fully automated AEDs are ideally suited for patients undergoing sudden cardiac arrest who need little or no technical details, minimize the time for shock recovery, and do not need any mechanical force while performing the procedure. All these factors are contributing to the market growth throughout the forecast period.

Homecare settings are anticipated to grow at the fastest rate, owing to rising awareness about the incidence of sudden cardiac arrests and the significance of AEDs to save a life after a cardiac arrest. This provides sufficient opportunity for the use of these technologies in home care settings.

Global AED Market: Regional Analysis

By Geography, the AED market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa.

North America is expected to lead the AED market during the forecast period. The involvement of key players and the customer understanding of the safe use and benefits of AEDs are some of the key factors fueling the growth of the market in North America. In addition, better healthcare facilities and the emerging elderly population also play a vital role in the growth of the sector.

Due to the growing incidence of coronary artery diseases and a large proportion of sudden cardiac arrests, Europe is estimated to follow North America, with increasing investment by organizations operating in the region.

The APAC automated external defibrillator industry is forecasted to experience the fastest growth during the forecast period, mainly due to the development of healthcare infrastructure in the region and the rising emphasis of market players on corporate investment in developing economies such as China and India.

Global AED Market: Competitive Players

The major players in the global AED market include 

• Stryker Corporation
• Koniklijke Philips N.V.
• ZOLL Medical Corporation
• Nihon Kohden Corporation.
• Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
• SCHILLER AG
• Mediana Co. Ltd.
• CU Medical System Inc.
• Opto Circuits Limited among others.

The report segment of the global AED market is as follows:

Global AED Market: Type Segment Analysis

• Wearable
• Non-Wearable

Global AED Market: Technology Segment Analysis

• Semi-Automatic
• Fully-Automatic

Global AED Market: End-User Segment Analysis

• Hospitals
• Clinics and Cardiac Centers
• Public Access & Homecare Settings
• Others

Global AED Market: Regional Segment Analysis

• North America

  • The U.S.

  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa

.