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The automated external defibrillator (AED) market is set to experience a robust Compound Annual Growth Rate (CAGR) of 8.77%, reaching a valuation of $3.68 billion by 2030, as reported by Strategic Market Research. This industry overview encompasses key statistics, market drivers, restraints, opportunities, and in-depth analyses of product types, end-users, and regional dynamics.
The industry's growth is propelled by factors such as the rising incidence of cardiovascular diseases, increased healthcare expenditure, and continuous technological advancements in healthcare.
Battery limitations, software, and hardware issues pose challenges that may lead to delayed treatment, impeding overall market growth.
Innovative product releases at cost-effective prices, coupled with the potential of AEDs to reduce out-of-hospital cardiac arrest fatalities, present significant growth opportunities for the market.
· Semi-Automatic Defibrillator
· Fully Automated Defibrillator
· Hospitals and Clinics
· Specialized Cardiovascular Disease Treatment Centers
· Ambulatory Surgery Centers
· North America
· Europe
· Asia-Pacific
· Middle-East and Africa
· Latin America
· Forecast Period: 2021 - 2030
· Market Size (2021): $1.72 Billion
· Revenue Forecast (2030): $3.65 Billion
· Growth Rate: CAGR of 8.78%
· Base Year: 2021
· Historical Data: 2017 – 2020
Fully automated defibrillators are expected to lead the market due to their convenience and user-friendly technology.
Hospitals continue to dominate the global external defibrillator market, driven by the demand for ICD implantation. Additionally, increased installations in business workplaces contribute to industry growth.
North America is projected to dominate the market share, fueled by the prevalence of cardiovascular diseases, new product launches, and emerging key market players.
The competitive landscape analysis includes key market players such as Asahi Kasei Corporation, Koninklijke Philips NV, Nihon Kohden Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd, Schiller AG, Stryker Corporation, CU Medical System Inc., Mediana Co. Ltd, BPL Medical Technologies Pvt. Ltd, and ViVest Medical.
· Euroa in Australia was recognized as one of the 20 Heart-Safe Communities, launching 10 new AEDs to improve survival rates from cardiac arrest.
· ZOLL Medical Corporation updated its X Series monitor/defibrillator with new remote view technology.
· Zoll external defibrillator models were introduced to penetrate the Thai market in September 2021.
· Nihon Kohden consolidated local enterprises and expanded its product range in neurology goods and treatment equipment.
· Bharat Electronics Limited (BEL) and BPL Medical Technologies Pvt. Ltd collaborated on medical products and solutions in line with the Indian government's Make in India initiative.
Fully Automatic AED Plus by ZOLL Medical Corporation
LifeVest by LifeCor
FRED easyport by SCHILLER
The automated external defibrillator (AED) market is set to experience a robust Compound Annual Growth Rate (CAGR) of 8.77%, reaching a valuation of $3.68 billion by 2030.
The global market is projected to grow at a CAGR of 9.60% during the forecast period, 2023-2030.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65426
Published on :
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