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Automated External Defibrillator Market to Generate Revenue Worth $3,991.5 Million by 2030

Published Date:   December 2019

The global automated external defibrillator market was valued at $1,476.0 million in 2018 and is projected to reach $3,991.5 million by 2030, progressing at a CAGR of 8.8% during the forecast period (2020–2030). Based on product type, the non-wearable category is expected to witness faster growth, with a CAGR of 8.9%, during the forecast period, owing to the fact that non-wearable AEMs are portable in nature and easy to use during cardiac arrest situation.

Growing Focus on Installation of Automated External Defibrillator (AEDs) in Public Places is a Key Trend in AED Market

With the growing awareness about 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 public access defibrillators (PADs), as these can be used by anyone during an emergency.

Several organizations in the U.S. are taking initiatives to install PADs in their vicinities in light of the growing number of sudden cardiac arrest (SCA) in their communities. For instance, in February 2016, the Sudden Cardiac Arrest Foundation, a national community-benefit organization in the U.S., granted funds to several schools for the procurement of AEDs through its “You Can Save a Life at School AED Grant” program. Besides, Coles Group, an Australian retailer, partnered with the Heart Foundation in June 2019, to roll out AEDs to all of its supermarkets across Australia, to provide rapid aid to customers and team members suffering from SCA.

Market for AEDs is Likely to Witness Significant Progress Due to Advancement in AED Technology

It has been observed that the rapid advancement in AED technology by key players is helping to increase the product launches and awareness of people about usage of AED devices, which in turn, driving the AED 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. LifeVest continuously monitors the patient’s heart. In case of detection of an abnormal heart rhythm, the device delivers a shock treatment to restore the normal heart rhythm. Unlike conventional counterparts, modern implantable cardioverter-defibrillator (ICDs) have eliminated the need for implanting a separate pacemaker in patients. Such advancements in the technology have positively impacted the growth of the AED market.

Segmentation Analysis of Automated External Defibrillator Market

Automated External Defibrillator Market

  • Based on type, the non-wearable category contributed higher revenue to the automated external defibrillator market in 2018. It is expected to generate around $3,142.2 million revenue by 2030, progressing at a CAGR of 8.9% during 2020–2030, owing to the rising awareness about the better safety profile of AEDs.
  • On the basis of technology, the fully automatic category dominated the automated external defibrillator market throughout the historical period. This is ascribed to the rising product awareness and growing public access to automatic AEDs.
  • Adult patient type held larger share in the automated external defibrillator market in 2018. This is ascribed to the rising geriatric population, as adult patients are more prone to cardiac diseases and are at major risk of SCA.
  • Based on end user, the pre-hospital care and emergency management service (EMS) providers category holds the largest share in the AED market. This is owing to the rising incidence of SCA and mandate availability of AEDs in all pre-hospital care and EMS facilities.

Geographical Analysis of Automated External Defibrillator Market

Globally, North America is expected to account for the largest share in the automated external defibrillator market by 2030, followed by Europe. Together, North America and Europe are expected to account for 77.1% market share in 2030. This can be mainly attributed to the presence of established players and rising geriatric population, along with increasing awareness among people for defibrillator usage during cardiac arrest.

Other regions, such as APAC, LATAM, and MEA, also hold considerable share in the AED market, on account of the rapid adoption of AEDs, due to the increasing awareness among consumers about the usage of defibrillators.

  • In 2018, Japan held 43.2% share in the APAC AED market, and the market in the country is predicted to prosper at a CAGR of 10.5% during the forecast period. Surging aging population, rising incidences of SCA, and increasing technological advancements are some of the key factors propelling the growth of the market in the country.
  • Brazil is projected to be the fastest-growing automated external defibrillator market in the LATAM region during the forecast period. Increase in the healthcare expenditure of the country has resulted in the development of advanced patient care settings, further facilitating the adoption of advanced cardiac arrest devices, such as AEDs.
  • In Saudi Arabia, increasing healthcare expenditure, surging geriatric population, and increasing initiatives by public and private organizations to create awareness on AED are the key factors driving the growth of the automated external defibrillator market in the country.

Competitive Landscape of Automated External Defibrillator Market

The global automated external defibrillator market is fragmented in nature with the presence of giant players, such as Stryker Corporation, ZOLL Medical Corporation, Koniklijke Philips N.V., and Nihon Kohden Corporation.

The players in the automated external defibrillator market are adopting several strategic measures, such as product launches and mergers & acquisitions, to maintain their leading position. For example, in August 2019, Koninklijke Philips N.V. introduced a new HeartStart Intrepid monitor/defibrillator to assess and treat patients in medical emergencies across pre-hospital and hospital settings. The device equipped with QCPR functionality that offers cardiopulmonary resuscitation (CPR) feedback and guidance for compressions and ventilations. It also has traumatic brain injury (TBI) advisory, which leverages vital sign evaluation to deliver the visual guidance required to avoid serious complications in people with suspected TBI.

Browse report overview with detailed TOC on "Automated External Defibrillator (AED) Market Research Report: By Type (Wearable, Non-Wearable), Technology (Semi-Automatic, Fully Automatic), Patient Type (Adult, Pediatric), End User (Hospitals, Clinics and Cardiac Centers, Pre-Hospital Care and Emergency, Public Access Settings, Homecare Settings) - Industry Analysis and Growth Forecast to 2030" at:https://www.psmarketresearch.com/market-analysis/automated-external-defibrillator-market

Some other important players operating in the automated external defibrillator market are SCHILLER AG, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Mediana Co. Ltd., Opto Circuits Limited, and CU Medical System Inc.

External Defibrillator Market Segmentation

Market Segmentation by Type

  • Wearable
  • Non-Wearable

Market Segmentation by Technology

  • Semi-Automatic
  • Fully Automatic

Market Segmentation by Patient Type

  • Adult
  • Pediatric

Market Segmentation by End User

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

Market Segmentation by Region

  • North America AED Market
    • By type
    • By technology
    • By patient type
    • By end user
    • By country – U.S. and Canada
      • U.S.  AED market
        • By type
        • By technology
        • By patient type
        • By end user
      • Canada AED market
        • By type
        • By technology
        • By patient type
        • By end user
  • Europe AED Market
    • By type
    • By technology
    • By patient type
    • By end user
    • By country – Germany, France, Italy, Spain, U.K., Russia, Netherlands, Belgium, Ireland, Sweden, Switzerland, Poland, and Rest of Europe
      • Germany AED market
        • By type
        • By technology
        • By patient type
        • By end user
      • France AED market
        • By type
        • By technology
        • By patient type
        • By end user
      • U.K. AED market
        • By type
        • By technology
        • By patient type
        • By end user
      • Italy AED market
        • By type
        • By technology
        • By patient type
        • By end user
      • Spain AED market
        • By type
        • By technology
        • By patient type
        • By end user
  • Asia-Pacific (APAC) AED market
    • By type
    • By technology
    • By patient type
    • By end user
    • By country – China, Japan, India, Australia, South Korea, Singapore, Thailand, and Rest of APAC
      • Japan AED market
        • By type
        • By technology
        • By patient type
        • By end user
      • China AED market
        • By type
        • By technology
        • By patient type
        • By end user
      • India AED market
        • By type
        • By technology
        • By patient type
        • By end user
      • Australia AED market
        • By type
        • By technology
        • By patient type
        • By end user
  • Latin America (LATAM) AED market
    • By type
    • By technology
    • By patient type
    • By end user
    • By country – Brazil, Mexico, and Rest of LATAM
      • Brazil AED market
        • By type
        • By technology
        • By patient type
        • By end user
      • Mexico AED market
        • By type
        • By technology
        • By patient type
        • By end user
  • Middle East & Africa (MEA) AED market
    • By type
    • By technology
    • By patient type
    • By end user
    • By country – Saudi Arabia, South Africa, Israel, U.A.E., and Rest of MEA
      • Saudi Arabia AED market
        • By type
        • By technology
        • By patient type
        • By end user
      • South Africa AED market
        • By type
        • By technology
        • By patient type
        • By end user