Global Automated External Defibrillator Market Size By Type (Wearable, Non-Wearable), By Technology (Semi-Automatic Defibrillator, Fully Automatic Defibrillator), By End-Use (Hospitals and Clinics, Ambulatory Surgery Centers), By Geographic Scope And Forecast

Automated External Defibrillator Market Size And Forecast

Automated External Defibrillator Market size was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 7.6% from 2023 to 2030.

The increasing incidence of cardiac disorders, the expanding elderly population, and technical developments in the area, supported by increased investments from market participants, are the primary factors driving the Automated External Defibrillator Market expansion. According to data from the British Heart Foundation in August 2022, over 7.6 million people in the United Kingdom had heart or circulatory illnesses in 2021. As the frequency of cardiovascular disorders increased, so did the need for automated external defibrillators. Such patient situations are projected to fuel market expansion throughout the forecast period. The Global Automated External Defibrillator Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Automated External Defibrillator Market Definition

In an emergency, a portable medical device known as an Automated External Defibrillator (AED) is used to treat sudden cardiac arrest (SCA). SCA, which occurs when the heart abruptly stops working, can be deadly if not treated promptly. The AED is designed to evaluate the heart’s rhythm and provide an electric shock to restore it to normal. It does this by the defibrillation process, which involves administering a controlled electric shock to the heart. The electric shock helps to depolarize the heart muscle, allowing the body’s own pacemaker to reestablish a normal rhythm.

AEDs are simple to use and are typically designed for non-medical personnel to use, such as bystanders or first responders. A portable, light-weight device with visual and audio signals to guide the user through each stage of operation is a characteristic component of these gadgets. The apparatus’s built-in sensors examine the victim’s pulse to decide whether a shock is required. The rescuer must tie electrode pads to the victim’s chest in order for an AED to monitor the victim’s cardiac rhythm.

If the AED detects a shockable rhythm, it will alert the rescuer to stand back and give a shock. The shock’s purpose is to stop the irregular beating and allow the heart to reset and resume normal function. It is critical to remember that AEDs are only one link in the chain of survival for cardiac arrest. Early access to emergency medical services (EMS) and timely cardiopulmonary resuscitation (CPR) are also critical. AEDs, when paired with CPR and prompt medical intervention, can significantly enhance the probability of survival.

Global Automated External Defibrillator Market Overview

The worldwide market revenue is being generated by an increasing elderly population with a high prevalence of CVD. Age has a significant influence in the decline of cardiovascular functioning, which increases the risk of chronic diseases such as diabetes, CVDs, and others in older persons. According to a Population Reference Bureau research issued in 2018, the number of persons aged 65 and up in the United States is expected to increase from 46 million to more than 98 million between 2014 and 2060. During the forecast period, the growing geriatric population drives market development. As people age, their cardiac rhythms and blood arteries tighten, increasing their chance of developing CVDs.

The market’s expansion is being aided by technical advancements in the sector and the introduction of new products by industry participants. AEDs now have rechargeable batteries, LCD displays, voice prompts, CPR classes, improved self-testing software, totally autonomous operation, and novel forms of shocks.  Through Real BVM HelpTM Technology, clinicians receive real-time input on both the volume and rate of bag valve mask (BVM) ventilation for intubated or non-intubated patients, and rescuers are led by a ventilation quality indicator, propelling the market growth.

The high manufacturing costs for both customers and producers are impeding market expansion. The American Heart Association recommends that AEDs be considered at a given area if there is a 20% yearly likelihood of the device being utilized. R&D accounts for a sizable portion of AED manufacturers’ investments. These devices employ high-voltage components with (2-6)KV capacitors. If even one gadget is found to have contributed to a patient’s death by malfunctioning or failing to work properly, the entire series will be recalled, possibly costing the corporation millions, if not billions, of dollars. Regulatory fees and the Food and Drug Administration raise product costs further, limiting market growth.

Increasing defibrillator training and awareness programs are likely to boost the growth of the Global Automated External Defibrillator Market during the forecast period. GAA, for example, will initiate a defibrillator awareness project in March 2021. The scheme enables groups to gather funds for new AEDs that are linked to the internet via the mobile phone network. This implies that automated external defibrillators will check and warn users through email if there is a problem.

Global Automated External Defibrillator MarketSegmentation Analysis

The Global Automated External Defibrillator Market is Segmented on the basis of Type, Technology, End-Use, and Geography.

Automated External Defibrillator Market, By Type

• Wearable
• Non-Wearable

Based on Type, the market is segmented into Wearable and Non-Wearable. Over the projected period, revenue from the wearable segment is estimated to account for the majority of revenue. A Wearable External Defibrillator (WED) is a non-invasive, external device used to treat people who are in danger of having a heart attack. It allows clinicians adequate time to assess their patients’ arrhythmic risk and devise appropriate treatment options. If a potentially fatal cardiac rhythm is detected, the device can provide a treatment shock to restore normal heart rhythm.

Automated External Defibrillator Market, By Technology

• Semi-Automatic Defibrillator
• Fully Automatic Defibrillator

Based on Technology, the market is segmented into Semi-Automatic Defibrillator and Fully Automatic Defibrillator. Over the projected period, revenue from the fully automated defibrillator segment is predicted to expand rapidly. Fully automated gadgets are designed to aid reluctant emergency responders in cardiac arrest scenarios. According to research, fully autonomous AEDs are safe and efficient, and they may cut down on significant delays caused by hesitancy to hit the shock button during a rescue. PADs are totally automated devices. Because of the amount of automation and guiding built-in, these devices can be used by anybody who can handle the unit and follow the instructions. Fully automated defibrillators are thus an acceptable option for public use.

Automated External Defibrillator Market, By End-Use

• Hospitals and Clinics
• Specialized Cardiovascular Disease Treatment Centers
• Ambulatory Surgery Centers
• Others

Based on End-use, the market is segmented into Hospitals and Clinics, Specialized Cardiovascular Disease Treatment Centers, Ambulatory Surgery Centers, Others. The hospitals and clinics segment is predicted to rise rapidly throughout the forecast period, owing to an increase in the number of patients visiting hospitals, the implementation of new business strategies by key manufacturers, and the increased usage of AED by hospitals.

Automated External Defibrillator Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Based on Regional Analysis, the Automated External Defibrillator market is classified into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America accounted for the biggest market share because to the expanding geriatric population, technological developments, important market participants, and the introduction of new products. According to the Centres for Disease Control and Prevention study issued in September 2021, around 6,59,000 individuals in the United States die from heart illnesses each year, and approximately 8,05,000 people suffer a heart attack each year.

The rising occurrence of heart attacks in the United States is fueling the market’s development. Huge investments in healthcare and the adoption of innovative technology in the healthcare domain fueled market expansion. However, due to increased sedentary lifestyle adoption, alcohol and tobacco consumption, and high CVD incidence, Asia-Pacific is expected to be the fastest-growing category throughout the projection period. Asia accounted for 58 percent of the 18.6 million CVD deaths worldwide in 2019.

Key Players

The “Global Automated External Defibrillator Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Stryker Corporation, Nihon Kohden Corporation, Asahi Kasei Corporation, Koninklijke Philips NV, Mediana Co. Ltd, CU Medical System Inc., Corplus, Schiller AG, Shenzhen Mindray Bio-Medical Electronics Co. Ltd, BPL Medical Technologies Pvt. Ltd, Progetti Srl, Bexen Cardio.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In August, 2022, Euroa, an Australian corporation, was named one of the state of Victoria’s 20 Heart-Safe Communities after launching ten brand new automated external defibrillators, six of which would be available at all times. This effort was launched to improve cardiac arrest survival rates across the Victorian area by teaching community members on how to respond in the event of a cardiac emergency.
• In September 2021, Zoll external defibrillator (AED) types were introduced to the Thai market. As a result, the Zoll defibrillator market share will expand over time.
• In March 2021, Nihon Kohden declared that as part of its three-year business strategy, it will integrate and consolidate six local businesses, as well as increase its product line in neurology items and treatment equipment.
• In July 2020, ZOLL Medical Corporation (an Asahi Kasei Group firm) has revised the X Series monitor/defibrillator designed for EMS agencies with new remote view technology.
• In April 2020, ViVest Medical, a maker of cardiac emergency medical equipment, has announced the release of their wearable electrocardiographic defibrillator (WCD). ViVest Medical is intended to be the first made-in-China product on the market, breaking foreign makers’ exclusivity.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Automated External Defibrillator market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Automated External Defibrillator Market gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope