In life-threatening situations such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia, defibrillators are devices that provide therapeutic shock to a patient's heart. Defibrillation is a process that involves delivering an electric shock to the heart, which depolarizes the cardiac muscles and restores the heart's normal electric impulse. The emergency external defibrillator is a portable device that diagnose the heart rhythm and rate and provide a electric shock to restore the rhythm of the heart. The growing prevalence of cardiovascular disorders along with technological advancements in defibrillator technology are expected to propel market growth forward during the forecast period.
MARKET SCOPE
The "Global Emergency External Defibrillators Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the emergency external defibrillators market with detailed market segmentation by product type, application and end user. The report provides key statistics on the market status of the leading emergency external defibrillators market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type the market is segmented as, manual external defibrillator, semi-automatic external defibrillator, automatic external defibrillator.
- Based on application the market is segmenetd as, cardiac arrest, arrhythmia and others.
- Based on end user the market is segmented as, hospitals, pre-hospitals, public access, emergency medical services and others.
MARKET DYNAMICS
Drivers:
- Increasing prevalence of cardiovascular disorders and growing geriatric population across the globe is the key driving factor for the market growth.
- Technological advancements in defibrillator system is likely to fuel the market growth.
- Rising demand for external defibrillator devices is also expected to support market growth during the forecast period.
Restraints:
- Whereas, frequent product recalls, increasing pricing pressure on players and low awareness about emergency external defibrillator devices are all likely to hamper market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The emergency external defibrillators market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the emergency external defibrillators market in these regions.
IMPACT OF COVID-19 ON EMERGENCY EXTERNAL DEFIBRILLATORS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the emergency external defibrillators market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from emergency external defibrillators market are anticipated to lucrative growth opportunities in the future with the rising demand for emergency external defibrillators in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the emergency external defibrillators market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Koninklijke Philips N.V
- ZOLL Medical Corporation
- Stryker
- NIHON KOHDEN CORPORATION
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd
- Laerdal Medical
- BPL Medical Technologies
- SCHILLER
- HeartSine Technologies LLC
- METsis Medikal