The automated external defibrillator market size is projected to grow from US$ 1,556.21 million in 2022 to US$ 2,207.94 million by 2030; the market is estimated to record a CAGR of 4.5% from 2022 to 2030. Technological advancements are likely to remain key trends in the market.
Product innovations will provide lucrative opportunity for the market growth in the coming years. Further, the rising incidence of cardiac arrest accelerates demand for automatic external defibrillators, driving market growth. For example, companies launching innovative products by the company is an influential factor responsible for accounting for considerable market growth during 2020-2030. Technological advancements are likely to remain key trends in the market.
Homecare automated external defibrillator has gained significant attention worldwide. HomeCare HK AED Game is an example of a homecare AED. The HomeCare HK AED Game is a lightweight portable device that sends electric shock through the chest and such device can be efficiently and safely utilize for sudden cardiac arrest to respond quickly. Therefore, homecare AED will gain a considerable share in the coming years.
According to the Sudden Cardiac Arrest Foundation report, there are more than 356,000 out-of-hospital cardiac arrest (OHCA) annually in the US. Additionally, in Singapore, more than 3,000 people suffer from sudden cardiac arrest annually with more than 80% in residential and public settings as per the statistics revealed by the Singapore Heart Foundation report. Therefore, with rising cases of sudden cardiac arrest, Automated External Defibrillator (AED) helps to restore heart rhythm by sending an electric shock. AEDs are capable to automatically detect two forms of cardiac arrhythmias. These involve ventricular fibrillation and pulseless ventricular tachycardia. Further, AED machines are becoming highly available in public settings due to their affordability. The cost of AED has decreased a lot in the past few years accelerating adoption worldwide. Therefore, the rising incidence of cardiac arrest accelerates demand for automated external defibrillators acting as the major drivers accounting for considerable market share.
Therefore, innovative product launches is seen to leave a positive impact on the market, as it has an opportunity for the manufacturers.
Key segments that contributed to the derivation of the automated external defibrillators market analysis are type and end user.
The geographic scope of the Automated External Defibrillator market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market. In North America region, the US accounts largest share for automated external defibrillators market. Presence of top manufacturers in the region and their innovative technologically advanced automated external defibrillators are the factors contributing to the dominance of the market. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
The regional trends and factors influencing the Automated External Defibrillators Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automated External Defibrillators Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,556.21 Million |
| Market Size by 2030 | US$ 2,207.94 Million |
| Global CAGR (2022-2030) | 4.5% |
| Historical Data | 2020-2021 |
| Forecast period | 2022-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Automated External Defibrillators Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Automated External Defibrillators Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Automated External Defibrillators market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Automated External Defibrillator market are listed below:
Technological advancements to remain as a key trend for automated external defibrillators market.
North America region dominated the automated external defibrillators market in 2022.
Rising incidence of cardiac cases accelerate demand for automated external defibrillators is one of the most influential factors responsible for market growth.
Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Stryker, BPL Medical Technologies Pvt Ltd., Schiller AG, Mediana Co., Ltd., Nihon Koden Corp, Asahi Kasei Corp, ICU Medical Systems Inc, Progetti SRL, and Koninklijke Philips N.V. are the key players in the automated external defibrillators market.
The estimated value of automated external defibrillators market accounted US$ 2,207.94 million in 2030.
The CAGR for automated external defibrillators accounted 4.5% during 2022-2030.