Defibrillator Market to peak demand by 2022 at a CAGR of 7.12% due to Growing demand for Medical Devices Services

January 24 14:55 2018
Global Defibrillator Market 2018-2022

HTF Market Report released a new research document of 102 pages on industry titled as ‘Global Defibrillator Market 2018-2022’ with detailed analysis, Competitive landscape, forecast and strategies.

 The study covers geographic analysis that includes regions like Americas, APAC, EMEA and important players/vendors such as Crown Holdings, Owens Illinois, Tetra Pak International etc. The report will help you gain market insights, future trends and growth prospects for forecast period of 2022 

 About Defibrillator

 Defibrillators are used to deliver therapeutic shock to an individual’s heart during life-threatening conditions such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia. The electric shock depolarizes muscles and restores normal rhythm of the heart.

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The analysts forecast the global defibrillator market to grow at a CAGR of 7.12% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global defibrillator market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Commenting on the report, an analyst from HTF’s team said: “One trend in the market is technological advances. The rising demand for defibrillators with reduced inappropriate shocks, longer battery life, less invasive installation, and quadripolar leads led to innovation in implantable as well as external defibrillators. Innovative implantable defibrillators include products, such as subcutaneous and transvenous patches, which aim to increase the comfort level of individuals.”

 

According to the report, one driver in the market is rising prevalence of CVDs. According to the CDC, heart disease is one of the leading causes of death in the US. The CDC recorded that between 2011 and 2014, heart-related cases increased by 3% in the US. Major factors contributing to the rise in CVDs globally are high blood pressure, lack of physical exercise, obesity, heredity, and diabetes. In 2014, the CDC estimated that more than 29 million Americans were living with diabetes and 86 million are living with pre-diabetes (person at high risk to develop type 2 diabetes aged 20 years and older).

 

Further, the report states that one challenge in the market is increasing pricing pressure on vendors. The global defibrillator market is experiencing intense competition among key global and local/regional manufacturers. The market is mainly dominated by some prominent players; however, a few regional players also operate in the market. Local players manufacture and sell their products at significantly lower cost than the global vendors. This lower pricing strategy creates pressure on leading players to reconsider their pricing strategy in the present market scenario.

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The market is divided into the following segments based on geography:

• Americas

• APAC

• EMEA

 

Global Defibrillator Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

 

Key vendors

• BIOTRONIK

• Boston Scientific

• Medtronic

 

Market driver

• Rising prevalence of CVDs

• For a full, detailed list, view our report

 

Market challenge

• Increasing pricing pressure on vendors

• For a full, detailed list, view our report

 

Market trend

• Technological advances

• For a full, detailed list, view our report

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Key questions answered in this report

• What will the market size be in 2022 and what will the growth rate be?

• What are the key market trends?

• What is driving this market?

• What are the challenges to market growth?

• Who are the key vendors in this market space?

 

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

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It’s vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.

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