External Defibrillator Market Research Report: By Type (Wearable, Non-Wearable), Technology (Automatic, Manual), Patient Type (Adult, Pediatric), End User (Public Access Settings, Hospitals, Clinics, and Cardiac Centers, Pre-Hospital Care and Emergency Medical Service Providers, Homecare Settings) – Trends Analysis and Growth Forecast to 2030

  • Published: June 2020
  • Report Code: LS12039
  • Available Format: PDF
  • Pages: 277

External Defibrillator Market Overview

The global external defibrillator market size was $3,926.5 million in 2019, and it is projected to witness a CAGR of 8.5% during the forecast period (2020–2030). The rising elderly population, technological advancements in automated external defibrillators (AEDs), and increasing focus of market players to engage in strategic development activities are the key growth factors driving the external defibrillator industry.

External Defibrillator Market

Segmentation Analysis

Non-Wearable External Defibrillators Are Larger Category

In 2019, the non-wearable bifurcation accounted for the larger size in the external defibrillator market, on the basis of type. This was mainly because of the rising incidence of cardiac diseases across the globe and wide use of external defibrillators to treat irregular heart rhythms. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are the number one cause of death, taking approximately 17.9 million lives each year. It has been observed that the majority of CVD deaths are caused by coronary heart disease (CHD), followed by stroke and heart failure, thereby leading to the increasing adoption of external defibrillators, worldwide.

Automatic Category Is Expected to be Larger and Faster-Growing

The automatic bifurcation held the dominating share in the external defibrillator market in 2019, on the basis of technology. The bifurcation is also projected to witness faster growth as compared to the manual bifurcation in the coming years. This is ascribed to the fact that automatic defibrillators do not specifically require technical expertise for operation, and they are being increasingly installed in public settings, such as airports, gyms, shopping malls, schools, and sports complexes. Furthermore, a number of market players are developing AEDs to manage the condition sudden cardiac arrest (SCA).

Adult Category Is Expected to Witness Faster Growth in Coming Years

The adult bifurcation is projected to grow at a higher rate than pediatric patients, in the external defibrillator industry. This is mainly because the occurrence of SCAs is more common in adult patients suffering from CVDs, which may also lead to the death of the patient. For instance, according to the Heart Rhythm Clinic of Michigan (HRCM), sudden cardiac death (SCD) causes about 325,000 adult deaths in the U.S. each year, thereby increasing the demand for external defibrillators significantly.

Public-Access Settings Are Highest-Revenue-Generating End-User Category

Public-access settings were the largest end users of external defibrillators and related products in 2019. The category is further expected to hold the largest share in the external defibrillator market during the forecast years. The increasing adoption of technologically advanced products, surging prevalence of chronic CVDs, rising number of awareness campaigns and conferences conducted by public and private organizations, and improving healthcare infrastructure are some of the factors contributing to the market growth.

Geographical Outlook

North America Is Projected to be Largest and Fastest-Growing Market

During the historical period (2014–2019), North America held the largest share in external defibrillator market, due to the rising healthcare spending, increasing prevalence of CVDs, surging geriatric population, and growing awareness on the benefits of AEDs, in the event of ventricular fibrillation (VF) and pulseless ventricular tachycardia.

Further, governments are promoting the use of external defibrillators; for instance, the U.S. government spends a significant portion of its gross domestic product (GDP) on healthcare, every year. The National Health Expenditure Accounts (NHEA) reported that the country’s healthcare expenditure grew by 3.9% from 2016, to reach $3.5 trillion in 2017. Furthermore, according to the NHEA, the country’s healthcare spending is projected to increase further and reach $6.0 trillion by 2027, registering a CAGR of 5.5% during 2018–2027.

COVID-19 is having a negative impact on the global external defibrillator market. Due to this pandemic, the outlook for the industry has changed significantly, with the demand for defibrillators predicted to decrease in the short run, across the globe. This will be overcome by the proper lifting of lockdowns and resumption of import and export activities, worldwide.

External Defibrillator Market

Trends & Drivers

Shifting Focus from Implantable Devices to External Defibrillators Is Key Market Trend

The prominent trend in the external defibrillator market is the shifting focus from implantable devices to external defibrillators. Despite high implantable cardioverter defibrillator (ICD) usage in patients at a high risk of sustained or recurrent arrhythmias, the use of AEDs is gaining popularity, especially for older patients, who cannot undergo heart surgeries.

External Defibrillator Market

Advancements in AED Technology Have High Impact on External Defibrillator Market

Several advancements have been reported in the defibrillation technology, over the past few decades. For instance, ZOLL Medical Corporation’s LifeVest is a lightweight wearable defibrillator that can be worn by patients who are at risk of SCA. The LifeVest continuously monitors the patient’s heart, and, in case of an abnormal heart rhythm, the device delivers a shock, to restore the normal sinus rhythm. Similarly, unlike conventional counterparts, modern ICDs have eliminated the need for implanting a separate pacemaker in patients. Such advancements in the technology have positively impacted the growth of the external defibrillator market.

Surging Geriatric Population Is Expected to Boost Demand for External Defibrillators

The increasing population of elderly people is another factor driving the external defibrillator market. Globally, the U.S. has the third-fastest-growing geriatric population, after Japan and China. According to the 2018 Population Reference Bureau report, the number of Americans aged 65 years and older is expected to increase two-fold, from 46 million in 2014 to over 98 million by 2060. With increase in age, people tend to become susceptible to chronic diseases, majorly CVDs.

External Defibrillator Market Report Coverage
Report Attribute Details
Historical Years 2014-2019
Forecast Years 2020-2030
Base Year (2019) Market Size $3,926.5 million
Forecast Period (2020-2030) CAGR 8.5%
Report Coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies’ Strategical Developments, Product Benchmarking, Company Profiling
Market Size by Segments Type, Technology, Patient Type, End User, Geography
Market Size of Geographies U.S., Canada, Germany, France, Italy, U.K., Spain, Russia, Netherlands, Switzerland, Belgium, Sweden, Poland, Ireland, Japan, China, India, Australia, South Korea, Thailand, Brazil, Mexico, Saudi Arabia, South Africa
Secondary Sources and References (Partial List) Centers for Disease Control and Prevention (CDC), Organisation for Economic Co-operation and Development (OECD), World Health Organization (WHO), American Heart Association (AHA), United States Food and Drug Administration (USFDA), Centers for Medicare & Medicaid Services (CMS)


Market Players Focusing on Product Approvals to Expand Consumer Base

The external defibrillator market is fragmented in nature, with the presence of market players such as Koninklijke Philips N.V., SCHILLER AG, Nihon Kohden Corporation, Defibtech LLC, Progetti S.r.l., ZOLL Medical Corporation, CU Medical System Inc., Stryker Corporation, and Cardiac Science Corporation.

In recent years, the players in the industry have engaged in strategic developments, such as product launches, in order to stay ahead of their competitors. For instance:

  • In September 2019, Shenzhen Mindray Bio-Medical Electronics Co. Ltd. launched the BeneHeart C Series AED, to improve resuscitation outcomes in cases of SCA. The device is equipped with the ResQNavi technology, which directs users through the rescue process, with step-by-step animation coaching and voice prompts.
  • In August 2019, Koninklijke Philips N.V. introduced a new HeartStart Intrepid monitor/defibrillator, to assess and treat patients in medical emergencies in pre-hospital and hospital settings. The device is equipped with the QCPR functionality that offers cardiopulmonary resuscitation (CPR) feedback and guidance for compressions and ventilations. It also offers traumatic brain injury (TBI) advisory, by leveraging vital sign evaluation, to deliver the visual guidance required to avoid serious complications in people with suspected TBI.
  • In April 2019, Stryker Corporation launched the LIFEPAK CR2 defibrillator in the U.S. The device is integrated with the LIFELINKcentral AED program manager that allows chest compressions to continue during electrocardiogram (ECG) analysis and increases the hands-on time, to reduce the longest pauses in CPR, which can improve the survival outcome. The device received the pre-market approval (PMA) by the U.S. Food and Drug Administration (FDA) in December 2018 and has been marketed in Europe and Canada since 2017 and in Japan since 2018.

Some of the Key Market Players in the External Defibrillator Market include:

  • Koninklijke Philips N.V.
  • Nihon Kohden Corporation
  • Stryker Corporation
  • Progetti S.r.l.
  • Defibtech LLC
  • Cardiac Science Corporation
  • Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
  • ZOLL Medical Corporation
  • Mediana Co. Ltd.
  • BPL Medical Technologies Pvt. Ltd.
  • Opto Circuits India Ltd.
  • CU Medical System Inc.

External Defibrillator Market Size Breakdown by Segment

The external defibrillator market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on Type

  • Wearable
  • Non-wearable

Based on Technology

  • Automatic
    • Fully automatic
    • Semi-automatic
  • Manual

Based on Patient Type

  • Adult
  • Pediatric

Based on End User

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

Geographical Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • Russia
    • Netherlands
    • Belgium
    • Ireland
    • Sweden
    • Switzerland
    • Poland
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Thailand
  • Latin America (LATAM)
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • South
Frequently Asked Questions About This Report
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