Report Overview

Global External Defibrillator Market- Industry Trends & Forecast Report 2028

The Global External Defibrillator Market was USD 4.2 billion in 2021 and is projected to reach USD 7.5 billion by 2028, growing at a CAGR of 8.8% during 2022-2028 (forecast period). Factors driving the growth of the external defibrillator market are the rising prevalence of sudden cardiac arrest, increased public awareness, and supportive actions by governments and healthcare organizations. In addition, growing stress levels among individuals across the globe and escalation in alcohol consumption and smoking are contributing to the demand for the global external defibrillator market during the forecast period 2022-2028.

External Defibrillator Overview

External defibrillators are portable; life-saving devices used to treat persons suffering from sudden cardiac arrest, a medical condition in which the heart stops beating abruptly and unexpectedly. The external defibrillator system comprises accessories like a battery and pad electrodes that allow the defibrillator to detect and interpret an electrocardiogram and deliver an electrical shock.

An external defibrillator allows more people to respond to a medical emergency that requires defibrillation. Since these defibrillators are portable, they can be utilized by people who are not medical professionals (lay-rescuers). They can be incorporated into emergency response plans that also include the immediate dialling of 9-1-1 and the administration of cardiopulmonary resuscitation (CPR).

External Defibrillator Market Trends

Growth Drivers

Rising prevalence of cardiac diseases

Cardiovascular diseases (CVDs) are the primary cause of death worldwide. In 2019, an estimated 17.9 million individuals died from CVDs, accounting for 32% of global deaths. 85% of these deaths were caused by a heart attack or a stroke, according to the data provided by World Health Organization. Unhealthy food, physical inactivity, cigarette use, and problematic alcohol consumption are the major behavioral risk factors for heart disease and stroke. Individuals may experience elevated blood pressure, elevated blood glucose, elevated blood lipids, and overweight or obesity due to behavioral risk factors. This is expected to spur market innovation while raising demand for ICDs and external defibrillators.

Emerging Markets Offering Significant Growth Opportunities for Players

The rising prevalence of target diseases offers significant growth opportunities for players in the defibrillators market. As per American Heart Association, cardiovascular diseases (CVDs) have surpassed cancer as the main cause of death in India since the turn of the century. CVD affects Indians at least a decade earlier and during their most productive midlife years than persons of European heritage.

In Western populations, for example, just 23% of CVD fatalities occur before the age of 70; in India, this figure is 52%. Therefore, manufacturers are deliberately focusing on growing their presence in emerging areas to capitalize on the strong growth potential for defibrillator devices. For instance, Boston Scientific is globalizing research and development with centers in Shanghai, China; Gurugram, India; Heredia, Costa Rica; and Galway, Ireland. They are expanding their global manufacturing network to increase their ability to address the needs of local physicians and patients, most recently opening one of their largest sites in Penang, Malaysia.

Restraints

Problems with Implanted and Automated External Defibrillators

A malfunctioning defibrillator can cause failure, improper electrode application, insufficient energy selection, a cardiac physiologic condition unsuitable for defibrillation, or rechargeable battery issues. Due to the general high current flow across a confined space and increased resistance, first- and second-degree burns are especially prone to occur during repeated defibrillation attempts which require gradually higher energy at the paddle or electrode sites due to dried gel.

Impact of COVID-19 On the Global External Defibrillator Market

The COVID-19 outbreak has had a significant influence on the world economy on a variety of levels, including healthcare. The COVID-19 pandemic has also impacted the external defibrillator market, which saw a major drop in demand in 2020, affecting a variety of end-users in areas such as the Asia Pacific, Europe, and North America.

The global distribution system has been disrupted by the COVID-19 pandemic, which has had a detrimental influence on defibrillator manufacturing. This is due to shutdowns and lockdowns imposed to prevent the transmission of the virus. As healthcare systems globally rushed to cope with the first wave of COVID-19, many governments made the essential choice to halt elective surgical procedures to free up staff and resources to care for patients with COVID-19.

Global External Defibrillator – By Product

Based on product type, the market is segmented into manual external defibrillators, automated external defibrillators, and wearable cardioverter defibrillators. The automated external defibrillators (AED) segment held the largest share in the market in 2021. The AED's ease of use has substantially decreased training requirements and expanded the number of persons who can perform defibrillation.

With the introduction of the AED, all levels of ambulance personnel (not just specially qualified paramedics) may now perform defibrillation, and the objective of equipping every emergency ambulance with a defibrillator has been met. Many different types of healthcare workers can use an AED to defibrillate. In most acute hospital wards and many other departments, defibrillation can be performed by the staff present, typically nurses, well before the arrival of the cardiac arrest team.

Global External Defibrillator Market – By End-User

The global external defibrillator market is fragmented into hospital, public access market, alternate care market, and home healthcare based on end-user. Amongst all, public access markets are the highest shareholder in the global market. For sudden cardiac arrest cases, rapid treatment with an automated external defibrillator (AED) is considered to be life-saving. AEDs are safe to use by anyone. AEDs are suggested in public areas such as sports venues, shopping malls, airports, airplanes, businesses, convention centres, hotels, schools, and doctors’ offices.

Global External Defibrillator Market - Regional Insights                                   

In terms of regional analysis, the external defibrillator market is classified into North America, Europe, Asia-Pacific, Latin America, The Middle East, and Africa. The Asia-Pacific region is expected to grow at a significant rate during the forecasted period in the global market due to expanding healthcare infrastructure, a large patient population, and the prevalence of heart disorders.

The market in Asia-Pacific is expected to rise to the presence of developing countries investing in expanding their healthcare sector. Over the next decade, the region's developing healthcare environment will account for more than 40% of global healthcare spending growth, increasing at a rate nearly double that of the rest of the globe.

Competitive Landscape

The global external defibrillator Market is characterized by the presence of many local, regional, and global vendors. The market for external defibrillator is partially consolidated, with fierce competition among the leading players. The leading players operating in the global external defibrillator market are Koninklijke Philips N.V, Stryker ZOLL Medical Corporation, Nihon Kohden Corporation, ProgettiSrl, Schiller AG, Bexen Cardio, Medtronic, Abbott, Boston Scientific Corporation, BIOTRONIK SE & Co. KG, and other prominent players.

Recent Development

• In September 2021, ZOLL Medical Corporation, an Asahi Kasei company, acquired Israeli medical device manufacturer Itamar Medical, with established businesses focused on cardiopulmonary resuscitation, such as defibrillators for medical professionals, automated external defibrillators (AEDs), and LifeVest® wearable defibrillators, ZOLL Medical has sought ways to improve outcomes for patients suffering from heart failure and respiratory dysfunction from this acquisition.

Scope of Report

By Product Type

• • • • Manual External Defibrillators

      • Automated External Defibrillators

      • Wearable Cardioverter Defibrillators

By End-User

• • • • Hospital

      • Public Access Market

      • Alternate Care Market

      • Home Healthcare

By Region

• • • • North America

      • Europe

      • Asia Pacific

      • Latin America

      • Middle East and Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global External Defibrillator Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global External Defibrillator Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
         1. Manual External Defibrillators
         2. Automated External Defibrillators
         3. Wearable Cardioverter Defibrillators
      2. By End-User
         1. Hospital
         2. Public Access Market
         3. Alternate Care Market
         4. Home Healthcare
      3. By Region
         1. North America
         2. Europe
         3. The Asia Pacific
         4. Latin America
         5. The Middle East and Africa
6. North America External Defibrillator Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By End-User
      3. By Country
         1. United States
         2. Canada
7. Europe External Defibrillator Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By End-User
      3. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Rest of Europe
8. The Asia Pacific External Defibrillator Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By End-User
      3. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of Asia Pacific
9. Latin America External Defibrillator Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By End-User
      3. By Country
         1. Brazil
         2. Mexico
         3. Rest of Latin America
10. The Middle East & Africa External Defibrillator Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product Type
       2. By End-User
       3. By Country
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Rest of Middle East & Africa
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of COVID-19 on Global External Defibrillator Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Koninklijke Philips N.V
    2. Stryker
    3. ZOLL Medical Corporation
    4. Nihon Kohden Corporation
    5. ProgettiSrl
    6. Schiller AG
    7. Bexen Cardio
    8. Medtronic
    9. Abbott
    10. Boston Scientific Corporation
    11. BIOTRONIK SE & Co. KG
    12. Other Prominent Players
14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        Global External Defibrillator Segmentation

Figure 2        Global External Defibrillator Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Global External Defibrillator Market Size, By Value (USD Million), 2018-2028

Figure 5        Global External Defibrillator Market Share, By Product Type, By Value, 2018-2028

Figure 6        Global External Defibrillator Market Share, By End-User, By Value, 2018-2028

Figure 7        Global External Defibrillator Market Share, By Region, By Value, 2018-2028

Figure 8        North America External Defibrillator Market Size, By Value (USD Million), 2018-2028

Figure 9        North America External Defibrillator Market Share, By Product Type, By Value, 2018-2028

Figure 10       North America External Defibrillator Market Share, By End-User, By Value, 2018-2028

Figure 11       North America External Defibrillator Market Share, By Country, By Value, 2018-2028

Figure 12       Europe External Defibrillator Market Size, By Value (USD Million), 2018-2028

Figure 13       Europe External Defibrillator Market Share, By Product Type, By Value, 2018-2028

Figure 14       Europe External Defibrillator Market Share, By End-User, By Value, 2018-2028

Figure 15       Europe External Defibrillator Market Share, By Country, By Value, 2018-2028

Figure 16       The Asia-Pacific External Defibrillator Market Size, By Value (USD Million), 2018-2028

Figure 17       The Asia-Pacific External Defibrillator Market Share, By Product Type, By Value, 2018-2028

Figure 18       The Asia-Pacific External Defibrillator Market Share, By End-User, By Value, 2018-2028

Figure 19       The Asia-Pacific External Defibrillator Market Share, By Country, By Value, 2018-2028

Figure 20       Latin America External Defibrillator Market Size, By Value (USD Million), 2018-2028

Figure 21       Latin America External Defibrillator Market Share, By Product Type, By Value, 2018-2028

Figure 22       Latin America External Defibrillator Market Share, By End-User, By Value, 2018-2028

Figure 23       Latin America External Defibrillator Market Share, By Country, By Value, 2018-2028

Figure 24       The Middle East & Africa External Defibrillator Market Size, By Value (USD Million), 2018-2028

Figure 25       The Middle East & Africa External Defibrillator Market Share, By Product Type, By Value, 2018-2028

Figure 26       The Middle East & Africa External Defibrillator Market Share, By End-User, By Value, 2018-2028

Figure 27       The Middle East & Africa External Defibrillator Market Share, By Country, By Value, 2018-2028

List of Tables

Table 1         Global External Defibrillator Market Size, By Product Type, By Value, 2018-2028

Table 2         Global External Defibrillator Market Size, By End-User, By Value, 2018-2028

Table 3         Global External Defibrillator Market Size, By Region, By Value, 2018-2028

Table 4         North America External Defibrillator Market Size, By Product Type, By Value, 2018-2028

Table 5         North America External Defibrillator Market Size, By End-User, By Value, 2018-2028

Table 6         North America External Defibrillator Market Size, By Country, By Value, 2018-2028

Table 7         Europe External Defibrillator Market Size, By Product Type, By Value, 2018-2028

Table 8         Europe External Defibrillator Market Size, By End-User, By Value, 2018-2028

Table 9         Europe External Defibrillator Market Size, By Country, By Value, 2018-2028

Table 10        The Asia-Pacific External Defibrillator Market Size, By Product Type, By Value, 2018-2028

Table 11        The Asia-Pacific External Defibrillator Market Size, By End-User, By Value, 2018-2028

Table 12        The Asia-Pacific External Defibrillator Market Size, By Country, By Value, 2018-2028

Table 13        Latin America External Defibrillator Market Size, By Product Type, By Value, 2018-2028

Table 14        Latin America External Defibrillator Market Size, By End-User, By Value, 2018-2028

Table 15        Latin America External Defibrillator Market Size, By Country, By Value, 2018-2028

Table 16        The Middle East & Africa External Defibrillator Market Size, By Product Type, By Value, 2018-2028

Table 17        The Middle East & Africa External Defibrillator Market Size, By End-User, By Value, 2018-2028

Table 18        The Middle East & Africa External Defibrillator Market Size, By Country, By Value, 2018-2028

Table 19        Koninklijke Philips N.V Company Overview

Table 20        Koninklijke Philips N.V Financial Overview

Table 21        Stryker Company Overview

Table 22        Stryker Financial Overview

Table 23        Nihon Kohden Corporation Company Overview

Table 24        Nihon Kohden Corporation Financial Overview

Table 25        ProgettiSrl Company Overview

Table 26        ProgettiSrl Financial Overview

Table 27        Bexen Cardio Company Overview

Table 28        Bexen Cardio Financial Overview

Table 29        Abbott Company Overview

Table 30        Abbott Financial Overview

Table 31        Boston Scientific Corporation Company Overview

Table 32        Boston Scientific Corporation Financial Overview

Table 33        BIOTRONIK SE & Co. KG Company Overview

Table 34        BIOTRONIK SE & Co. KG Financial Overview

Table 35        ZOLL Medical Corporation Company Overview

Table 36        ZOLL Medical Corporation Financial Overview

Table 37        Schiller AG Company Overview

Table 38        Schiller AG Financial Overview

Table 39        Medtronic Company Overview

Table 40        Medtronic Financial Overview