Automated External Defibrillator Market Size

Automated External Defibrillator Market Future Prospects

The global automated external defibrillator market will generate an estimated revenue of USD 2,151.4 million in 2024, which is expected to witness a CAGR of 8.9% during 2024–2030, to reach USD 3,589.2 million by 2030. The advancements in AED technology, increasing number of strategic developments among key players, and rising incidence of cardiac diseases are the major factors driving the growth of the market. For instance, ZOLL Medical Corporation’s LifeVest is a lightweight defibrillator that can be worn by patients who are at a risk of sudden cardiac arrest (SCA).

LifeVest continuously monitors the patient’s heart and, in case of the detection of an abnormal heart rhythm, delivers a shock to restore the normal heart rhythm. Unlike conventional counterparts, modern implantable cardioverter defibrillators (ICDs) have eliminated the need for implanting a separate pacemaker in patients. Such advancements in technology have positively impacted the growth of the market.

Moreover, the increasing population of elderly people is another factor driving the market. The growing focus on the installation of AEDs in public places is playing a pivotal role in the growth of the market. With the surging awareness about the life-saving potential of the device, its installation 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 public access defibrillators (PADs), as they can be used by anyone during an emergency.

Additionally, several government initiatives are in force for providing adequate training on AEDs. For example, Springfield LifeSave is a joint initiative by the American Red Cross (ARC), the American Heart Association (AHA), Ozarks Technical Community College, the Safety Council of the Ozarks, and CoxHealth. It focuses on imparting training to 45,000 people about compression-only CPR, doubling the number of AEDs in the community, and raising awareness about SCA.