Global External Defibrillators Market Insights Forecasts to 2033

• The Global External Defibrillators Market Size was Valued at USD 3.30 Billion in 2023
• The Market Size is Growing at a CAGR of 8.48% from 2023 to 2033
• The Worldwide External Defibrillators Market Size is Expected to Reach USD 7.45 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global External Defibrillators Market Size is Anticipated to Exceed USD 7.45 Billion by 2033, Growing at a CAGR of 8.48% from 2023 to 2033.

Market Overview

An external defibrillator is a medical device designed to deliver an electric shock to restore the heart's normal rhythm. They are used in cases of life-threatening cardiac arrhythmias in which they function to detect and treat two types of abnormal heart rhythms: ventricular fibrillation (VF) and pulseless ventricular tachycardia (PVT). The increasing cases of heart conditions owing to changing lifestyles including unhealthy diets, sedentary lifestyles, smoking, and drinking addiction present numerous opportunities for external defibrillators to mitigate the risk of cardiac arrest among diverse populations. Further, the development of and use of at-home external defibrillators is one such market opportunity for external defibrillators. The increasing utilization of external defibrillators in treating patients suffering from sudden cardiac arrest is anticipated to create revenue-generating opportunities in the global automated external defibrillators market in the near future. The chronic consumption of alcohol is associated with alcoholic cardiomyopathy which is known to be associated with cardiac failure and cardiac arrhythmias. Arrhythmias are also caused by components of cigarette smoking, including oxidative damage and carbon monoxide. Thus, the growing cases of alcohol addiction and smoking ultimately create lucrative market opportunities for external defibrillators.

Report Coverage

This research report categorizes the market for the global external defibrillators market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global external defibrillators market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global external defibrillators market.

Driving Factors

The increasing prevalence of hypertension among the global population, as well as cardiovascular illnesses such as arrhythmias and bradycardias, are driving the market demand for external defibrillators. According to a study released in NCBI 2021, atrial fibrillation is perhaps the most common cardiac arrhythmia, with a global prevalence of 37.5 billion people diagnosed in 2017. In addition, the aging population is also responsible for driving the market owing to the high health risk of cardiac arrhythmias in aging individuals. Technological advancements like compact designs of automated defibrillators enhancing portability, and wearable AEDs (automated external defibrillators) providing continuous monitoring and interventions are propelling the market growth. Further, the increasing healthcare expenditures, improved healthcare infrastructure, technical improvements, and an increase in disposable income in developing nations are all factors responsible for propelling market growth. Furthermore, the initiatives taken by the government to install external fibrillators in public places to prevent sudden cardiac death are significantly contributing to market growth.

Restraining Factors

The growing pricing pressure on market participants is restraining the global external defibrillators market. Further, the resistance to adopting digital transformation and lack of awareness regarding the early corrective measures for sudden cardiac arrest (SAC) particularly in developing nations impede the market for external defibrillators.

Market Segmentation

The external defibrillators market share is classified into product and end-users.

• The automated external defibrillator segment dominated the market with the largest revenue share in 2023.

Based on the product, the external defibrillators market is categorized into manual external defibrillator, automated external defibrillator, and wearable external defibrillator. Among these, the automated external defibrillator segment dominated the market with the largest revenue share in 2023. An automated external defibrillator (AED) automatically analyzes a patient’s heart rhythm and is necessary to deliver defibrillation (electric shock) for an effective rhythm of the heart. The rising adoption of defibrillators at healthcare facilities, and the deployment of a number of public access defibrillation programs are driving the market growth.

• The hospitals segment is expected to hold the largest share of the external defibrillators market during the forecast period.   

Based on the end-users, the external defibrillators market is categorized into public access market, alternate care market, home, hospitals, and pre-hospitals. Among these, the hospitals segment is expected to hold the largest share of the global external defibrillators market during the forecast period. The cardiology units in the hospitals require defibrillators for managing cardiac-related problems in patients. The increasing adoption of external defibrillators among the patients in the hospitals is propelling the market demand in the hospitals segment.

Regional Segment Analysis of the External Defibrillators Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the external defibrillators market over the predicted timeframe.

North America is projected to hold the largest share of the external defibrillators market over the forecast period. The existence of several key market players and an increasing use of external defibrillators at medical facilities are driving the market for external defibrillators. Healthcare regulations in developed nations like the US, are linked to the availability of automated external defibrillators in public areas such as government buildings, educational institutes, sports arenas, and schools are significantly driving the market for external defibrillators. The growing prevalence of cardiac disorders and the increasing awareness are driving the market in the region.  

Asia-Pacific is expected to grow at the fastest CAGR growth of the external defibrillators market during the forecast period. In countries like Brazil, China, and India, cardiovascular diseases (CVDs) have been among the leading causes of death. The rising cases of chronic illnesses, increasing number of new product launches, and increasing cost of product research and development in the region are responsible for driving the market. The number of public access to automated external defibrillator setups is expected to rise in the coming years along with increasing awareness and training regarding defibrillators and their usage are anticipated to drive the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the external defibrillators market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Medtronic
• Abbott
• Stryker Corporation
• Koninklijke Philips N.V.
• Asahi Kasei Corporation
• Boston Scientific Corporation
• MicroPort Scientific Corporation
• Mediana Co. Ltd.
• Nihon Kohden Corporation
• Shenzhen Mindray Bio-Medical Electronics Co.
• Schiller AG
• BPL Medical Technologies
• Progetti Srl
• CU Medical System Inc.
• Biotronik
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2024, Schiller AG installed its FRED PA-1 automated external defibrillators in railroad stations in Mumbai. The installations have been strategically placed in the station master’s room to ensure round-the-clock accessibility and quick response in case of emergencies

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• In January 2024, ZOLL, an Asahi Kasei company that manufactures medical devices and related software solutions, announced that the ZOLL AED 3 defibrillator is approved under the European Union (EU) Medical Device Regulation 2017/745, commonly referred to as EU MDR.

• In February 2023, Medtronic Plc received the CE (Conformité Européenne) Mark for the Aurora EV-ICD MRI SureScan (Extravascular Implantable Cardioverter-Defibrillator) and Epsila EV MRI SureScan defibrillation lead to treat dangerously fast heart rhythms that can lead to sudden cardiac arrest.

• In January 2022, Koninklijke Philips N.V. completed the acquisition of Cardiologs Technologies SAS to boost its cardiac diagnostic and monitoring product offerings.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the external defibrillators market based on the below-mentioned segments: 

Global External Defibrillators Market, By Product

• Manual External Defibrillator
• Automated External Defibrillator
• Wearable External Defibrillator

Global External Defibrillators Market, By End-Users

• Public Access Market
• Alternate Care Market
• Home
• Hospitals
• Pre-Hospitals

Global External Defibrillators Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa