Automated External Defibrillator Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Automated External Defibrillator Market Size

Global Automated External Defibrillator Market Trends and Growth Drivers

Growing Focus on Installation of AEDs in Public Places Is Key Trend

• With the growing awareness about the life-saving potential of AEDs in case of emergencies, the installation of these devices is increasing in public places, such as railway stations, schools and colleges, shopping centers, airports, malls, and leisure centers.
• These devices are also known as PADs, as these can be used by anyone during an emergency.
• Several countries are taking initiatives to install PADs in their vicinities in light of the growing number of SCAs in their communities.
• The U.K. is working to make AEDs more accessible. Projects such as the British Heart Foundation's "Circuit of Survival" program and the "St John Ambulance Defibrillator Network" are striving to increase the number of AEDs in public areas.
• Additionally, in March 2024, the Heart and Stroke Foundation of Canada started a fundraising effort to install AEDs in underprivileged and isolated regions.
• This program demonstrates an increasing emphasis on making sure that AEDs are accessible fairly in all areas.

Shifting Focus from Implantable Devices to External Defibrillators Is Major Trend in Market

• In addition to the emerging use of AEDs in public access settings, healthcare professionals are shifting focus from implantable cardioverter defibrillator (ICD) to AEDs.
• Despite ICDs’ use in patients at a high risk of sustained or recurrent arrhythmia, the use of AEDs is gaining popularity, especially for older patients who cannot undergo heart surgeries.
• Moreover, AED is also being increasingly used to monitor and deliver a shock to patients encountering irregular heart rhythms.

Surging Geriatric Population Is Major Driver of Market Growth

• The increasing population of elderly people is another factor driving the AED market. Globally, the U.S. has the third fastest-growing geriatric population, after Japan and China.
• According to the United Nations Department of Economics and Social Affairs, there were around 771 million persons aged 65 years or above all over the world in 2022, and this number is projected to be double by 2050, reaching more than 1.5 billion geriatric population.
• Due to this, people tend to become susceptible to chronic diseases, primarily CVDs.
• SCA is the major cause of mortality of the elderly in the U.S., owing to the high prevalence of coronary heart disease (CHD), systolic dysfunction, and congestive heart failure (CHF).
• Also, there is a direct co-relation between SCA and age (i.e., the incidence of SCA increases with age).
• Thus, with the surging number of elderly people, the demand for AEDs is increasing, globally.

Stringent Regulatory Norms Are Major Challenge for Market

• The majority of the countries have stringent regulatory frameworks for AEDs.
• The U.S. Food and Drug Administration (FDA) and other regulatory agencies have strict guidelines for approving AEDs.
• This can be very costly and time-consuming for manufacturers, which can hinder innovation and make it harder for new businesses to enter the market.
• Similar to the U.S., the EU requires AEDs to be placed on the market in accordance with the Medical Devices Regulation (MDR) 2017/745.
• For this life-saving equipment, this rule places a strong emphasis on clinical evaluation and effective quality control systems.

Global Automated External Defibrillator Market Analysis

Type Insights

The non-wearable category will hold the larger market share, of 75%, in 2024, and it is expected to become the faster growing, with a CAGR of 9.2% in the forecast period due to its portable nature and easy-to-use feature.

Moreover, the increasing number of SCA cases and sustained push by governments and NGOs for installing AEDs in public spaces are increasing the demand for such non-wearable devices.

The types analyzed in this report are

• Wearable
• Non-Wearable (Larger and Faster-Growing Category)

Technology Insights

Fully automatic will hold the larger market share, of 65%, in 2024, and it is expected to become the faster growing category in the forecast period. The growth of this category is driven by the ease of using fully automatic AEDs over semi-automatic devices.

Moreover, the fully automatic devices are designed to reduce the extended delays associated with pushing the shock button in a semi-automatic device.

The technologies analyzed in this report are:

• Semi-Automatic
• Fully Automatic (Larger and Faster-Growing Category)

Patient Type Insights

The adult category will hold the larger market share, in 2024, and it is expected to become the faster-growing, with a CAGR of 9.2% in the forecast period. This is attributed to the more-rapidly increasing number of adult patients in comparison to pediatric patients all over the world.

For instance, as per the World Bank, there were around 75 million adult patients (in the age group of 15 years and over) and 25 million pediatric patients (in the age group of 0–14 years) all over the world.

The patient types analyzed in this report are:

• Adult (Larger and Faster-Growing Category)
• Pediatric

End User Insights

The pre-hospital care and emergency medical service category will hold the largest market share, of 55%, in 2024. The rising incidence of SCA and mandated availability of these devices at all pre-hospital care and emergency settings are the key factors increasing the demand for these systems.

The following end users have been studied in the report:

• Hospitals, Clinics, and Cardiac Centers
• Pre-Hospital Care and Emergency Medical Service Providers (Larger Category)
• Public Access Settings
• Homecare Settings (Faster-Growing Category)

Regional Analysis

North America Holds Largest Share

North America will hold the largest market share, of 45%, in 2024 due to the improved healthcare infrastructure, presence of established players, and surge in the geriatric population in the region.

In addition, the growing number of AED installations and the rising incidence of CVDs have fueled the market's expansion in North America.

Moreover, the U.S. government spends a significant portion of its gross domestic product (GDP) on healthcare every year, which expands this market. The NHEA states that the country’s healthcare spending is projected to reach USD 6.0 trillion by 2027, and it is expected to grow at a CAGR of 5.5% during 2022–2030.

The APAC region is expected to become the fastest-growing, with a CAGR of 9.5% in the forecast period. This can be ascribed to the improving healthcare infrastructure in the region and the increasing focus of market players for business expansion in developing countries, such as China and India.

According to a journal, Resuscitation, major metropolitan cities in China are increasingly investing in and implementing PAD programs. Therefore, the increasing uptake of AEDs in public access settings and the surging adoption of advanced technologies in healthcare facilities are likely to drive the AED market in the region.

Furthermore, the rising geriatric population and the increasing incidence of chronic diseases are also contributing to the growth of the AED market in the region. Since the elderly are more prone to develop CVDs, the demand for AEDs is increasing in APAC.

The report offers analysis for the following regions and countries:

• North America (Largest Region)
  • U.S. (Larger and Faster-Growing Country)
  • Canada
• Europe
  • Germany (Largest and Fastest-Growing Country)
  • France
  • Italy
  • Spain
  • U.K.
  • Russia
  • Netherlands
  • Belgium
  • Ireland
  • Sweden
  • Switzerland
  • Poland
  • Rest of Europe
• Asia-Pacific (APAC) (Fastest-Growing Region)
  • China
  • Japan (Largest and Fastest-Growing Category)
  • India
  • Australia
  • South Korea
  • Singapore
  • Thailand
  • Rest of APAC
• Latin America (LATAM)
  • Brazil (Largest and Fastest-Growing Category)
  • Mexico
  • Rest of LATAM
• Middle East and Africa (MEA)
  • Saudi Arabia (Largest and Fastest-Growing Category)
  • South Africa
  • Rest of MEA

Automated External Defibrillator Market Share

The global automated external defibrillator market is considered significantly consolidated in nature due to the presence of several large players, including Koninklijke Philips N.V., BIOTRONIK SE & Co. KG, Nihon Kohden Corporation, and Mediana Co. Ltd. These players have established relations with consumers, due to which they hold the largest share in the market. Additionally, they provide advanced solutions, which contribute to the consolidation of the market.

Automated External Defibrillator Market News

• In April 2024, BIOTRONIK SE & Co. KG introduced the BIOMONITOR IV Insertable Cardiac Monitor with AI at EHRA Congress 2024.
• In February 2024, ZOLL became one of the first companies to be certified under the EU Medical Device Regulation (MDR) for AEDs.
• In February 2024, CU Medical System Inc. applied to safeguard a system that integrates the capabilities of an automated external defibrillator and a cardiopulmonary resuscitation (CPR) apparatus.
• In December 2023, Nihon Kohden filed a patent for an automated external defibrillator with potting material for circuit boards.