External Defibrillators Market Development Trends of Analysis Report 2030

External Defibrillators Market Growth & Trends

The global external defibrillators market size is anticipated to reach USD 6.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a notable CAGR of 9.3% from 2022 to 2030. The key factors driving the market growth include rising technological advancements, initiatives for promoting public access AEDs, and the incidence of sudden cardiac arrest. The COVID-19 pandemic increased awareness about defibrillation training and the use of external defibrillators in case of an adverse cardiac event, thus increasing demand for defibrillators. The pandemic also resulted in logistical bottlenecks and operational challenges.

External Defibrillators Market Segmentation

Grand View Research has segmented the global external defibrillators market on the basis of product, end-use, and region:

Based on the Product Insights, the market is segmented into Manual External Defibrillators, Automated External Defibrillators, Wearable Cardioverter Defibrillators.

• The manual external defibrillators segment dominated the market and accounted for the largest revenue share of more than 39.0% in 2021. The AEDs segment on the other hand is estimated to witness the fastest CAGR of 9.4% over the forecast period. This is because of growing initiatives by major companies, increasing adoption of defibrillators at healthcare facilities, and deployment of several public access defibrillation programs. Mindray, a key market player, has deployed hundreds of its BeneHeart AED and manual defibrillators across the local health board of NHS Wales-BetsiCadwaladr University Health Board in the U.K. This enabled the BetsiCadwaladr University Health Board to standardize the resuscitation equipment in hospitals for the entire North Wales region in compliance with the Resuscitation Council (U.K.) guidelines.

Based on the End-use Insights, the market is segmented into Hospital, Pre Hospital, Public Access Market, Alternate Care Market, and Home Healthcare.

• By end use, the hospitals segment held the largest revenue share of over 25.0% in 2021. This is attributable to higher volume of patients received in hospitals, growing adoption of external defibrillators by hospitals, and strategies implemented by key manufacturers. The cardiology units in the hospitals require defibrillators to handle patients facing cardiac-related problems. Rising incidence of hypertension, diabetes, and strokes leading to SCA due to lack of physical activity, unhealthy dietary habits, and smoking is likely to drive demand for defibrillators in hospitals. Zoll, a part of Asahi Kasei, reported that it held the largest share of the defibrillators market used for hospitals and EMS in November 2021.
• The public access segment is projected to witness the fastest CAGR of 9.6% over the forecast period owing to supportive initiatives by governments, regulatory agencies, and healthcare institutions to increase the availability of public access AEDs. The Automated External Defibrillators (Public Access) Bill was introduced in the House of Commons of the U.K. Parliament, in June 2021. If the bill receives royal assent, it would become mandatory to install defibrillators at public places such as sporting facilities, schools, skills facilities, buildings, and facilities that provide care to vulnerable people.

External Defibrillators Regional Outlook

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

Market Share Insights

• April 2019: Stryker launched LIFEPAK CR2 AED in the U.S., expanding its lineup of defibrillation solutions. The product connects to an AED program manager, LIFELINKcentral, to help an organization’s AED manager to monitor and manage device readiness issues remotely.

Key Companies Profile & Market Share Insights

The market for external defibrillators is competitive in nature. The market is highly fragmented, owing to the presence of several small as well as large players. This results in high competition among smaller players looking to sustain their position in the market.

Some of the prominent players operating in the global external defibrillators market include,

• Koninklijke Philips N.V.
• Stryker
• Zoll Medical Corporation, an Asahi Kasei Group Company
• Nihon Kohden Corporation
• ProgettiSrl
• Schiller AG
• MS Westfalia GmbH
• AMI Italia
• Bexen Cardio
• Silverline Meditech Pvt. Ltd.
• Mediana Co., Ltd.
• Shenzhen Mindray Bio-Medical Electronics
• CU Medical
• BPL Medical Technologies
• Corpuls
• Dixion Vetrieb medizinischer Geräte GmbH
• Bioevopeak Co., Ltd.
• METsis Medikal
• EMS Mobil Sistemler A.?
• Metrax GmbH

Order a free sample PDF of the External Defibrillators Market Intelligence Study, published by Grand View Research.