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Global Semi-Automatic External Defibrillator Market Size By Product (Non-synchronous Defibrillator, Synchronous Defibrillator), By Application (Hospitals, Public Access, Home), By Geographic Scope And Forecast
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Semi-Automatic External Defibrillator Market Size and Forecast
Semi-Automatic External Defibrillator Market size was valued at USD 2.9 Billion in 2022 and is projected to reach USD 5.2 Billion by 2030, growing at a CAGR of 7.7% from 2023 to 2030.
The growth of new technologies and the increased use of semi-automated external defibrillators (AEDs) throughout the world are the main factors driving the market for these devices. The Global Semi-Automatic External Defibrillator Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Semi-Automatic External Defibrillator Market Definition
Semi-automated defibrillators monitor the heartbeat and, if an abnormal cardiac rhythm is found that necessitates a shock, they help the operator shock the heart by pushing a button. If a shock is needed, a semi-automatic AED contains a switch that the rescuer can press. The rescuer(s) have control over how and when the shock is managed with semi-automatic AEDs. This can help rescuers make sure that no one is in close proximity to the patient’s body while they are shocked. An AED won’t shock a patient unless a shockable rhythm is found, but it has no way of knowing whether another person is touching the patient.
The patient will benefit from receiving an appropriate shock, but it might potentially harm the person operating the patient at the moment. Emergency medical personnel are now doing semi-automatic external defibrillation (AED) using a variety of emergency medical service (EMS) technologies. Several pacemaker functions can be damaged by external defibrillation. On the other side, the AED may be unable to tolerate ventricular fibrillation if a pacemaker spike is present due to cardiac arrest.
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Global Semi-Automatic External Defibrillator Market Overview
The growth of new technologies and the increased use of semi-automated external defibrillators (AEDs) throughout the world are the main factors driving the market for these devices. Semi-automated external defibrillators and implantable devices are both starting to advance in response to the rising need for treating cardiovascular problems. The absence of defibrillators is a common cause of mortality from Sudden Cardiac Arrest (SCA). Such differences in a nation’s legal system provide accessibility and opportunity, expanding the market for this profession.
Additionally, the expansion of the market under study is aided by an increase in private player spending and a rise in defibrillator technology. The sale of semi-automated external defibrillators is also predicted to increase due to the growing appeal of healthcare. Nevertheless, the management of the devices is considerably stricter than that of other categories, requiring more time and labor for the whole endorsement process, which is one of the key market restraints.
Additionally, especially in emerging economies, there is a lack of knowledge among the general public regarding the best course of action to take in the event of sudden cardiac arrest, which also restrains the market’s expansion. However, the market will continue to rise over the course of the projected period due to the massive expenditures being made in the healthcare sector by the governments of various nations and the rising use of modern instruments in healthcare applications.
Global Semi-Automatic External Defibrillator Market: Segmentation Analysis
The Global Global Semi-Automatic External Defibrillator Market is segmented on the basis of Product, Application, And Geography.
Semi-Automatic External Defibrillator Market, By Product
- Non-synchronous Defibrillator
- Synchronous Defibrillator
Based on Product, the market is bifurcated into Non-synchronous Defibrillator and Synchronous Defibrillator. For the projection period, the Non-synchronous Defibrillator sector is anticipated to experience the highest CAGR. Non-synchronized defibrillation, also known as ventricular fibrillation or pulseless ventricular tachycardia, is the process of administering an asynchronous electrical shock to the heart when there is no coordinated intrinsic electrical activity. The electrical activity of the heart becomes disorganized in these life-threatening circumstances, making it difficult for the heart to adequately pump blood. The goal of defibrillation is to stop the aberrant electrical activity and restore the heart’s normal rhythm.
Semi-Automatic External Defibrillator Market, By Application
- Hospitals
- Public Access
- Home
- Training
- Others
Based on Application, the market is bifurcated into Hospitals, Public Access, Home, Training, and Others. The hospital sector has the largest market share and is anticipated to grow at the fastest rate during the projected period. The market is divided into Hospitals, Public Access, Homes, Training, and Others based on Application. The hospital sector has the largest market share and is anticipated to grow at the fastest rate during the projected period. SAEDs also provide a prompt reaction in emergency circumstances. Since defibrillation must begin quickly during cardiac arrest, having SAEDs accessible in hospital settings guarantees that this will happen. Early defibrillation greatly improves a patient’s chances of survival and effective resuscitation.
Semi-Automatic External Defibrillator Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on regional analysis, the Global Semi-Automatic External Defibrillator Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Due to the rising prevalence of cardiovascular disorders, helpful government initiatives, advantageous payment plans, growing awareness, and an increase in training programs, North America had the largest market share. However, over the projection period, the Asia Pacific region is anticipated to increase at the greatest CAGR. As people become more aware of and have access to these gadgets, there are tremendous development prospects in this area.
Key Players
The “Global Global Semi-Automatic External Defibrillator Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Philips, Zoll, Physio-Control, Laerdal Medical, Cardiac Science, Nihon Kohden, Schiller, HeartSine Technologies, A.M.I. Italia, Defibtech, and Metrax GmbH.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Semi-Automatic External Defibrillator Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behaviour of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Semi-Automatic External Defibrillator Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period |
2019-2030 |
| Base Year |
2022 |
| Forecast Period |
2023-2030 |
| Historical Period |
2019-2021 |
| UNIT |
Value (USD Billion) |
| Key Companies Profiled |
Philips, Zoll, Physio-Control, Laerdal Medical, Cardiac Science, Nihon Kohden, Schiller, HeartSine Technologies. |
| Segments Covered |
|
| Customization Scope |
Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• E
