Key Players are Medtronic, Inc. (U.S.), St. Jude Medical, Inc. (U.S.), Boston Scientific Corporation (U.S.), ZOLL Medical Corporation (U.S.), Cardiac Science Corporation (U.S.), Physio-Control, Inc. (U.S.), Nihon Kohden Corporation (Japan)
(PRWEB) February 12, 2015
This report studies the global defibrillators market over the forecast period of 2014 to 2019. The market is expected to reach $12.9 billion by 2019 at CAGR of 6.9% from 2014 to 2019.
Based on products the defibrillators market is classified into two major segments namely implantable cardioverter defibrillators (ICDs) and external defibrillators. The ICD segment is further segmented into transvenous implantable cardioverter defibrillators (T-ICDs) and subcutaneous implantable cardioverter defibrillators (S-ICDs). T-ICDs are further segmented into single-chamber ICDs, dual-chamber ICDs and cardiac resynchronization therapy defibrillators (CRT-D). External defibrillators are segmented into manual external defibrillators, automated external defibrillators (AEDs) and wearable cardioverter defibrillators (WCDs).
Based on end users the defibrillators market is categorized into five major segments, namely hospitals, prehospitals, public access markets, alternate care markets and homes.
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A number of factors such as the development of technologically advanced defibrillators; rapid growth in aging population with high risk of target diseases; rising incidences of cardiovascular diseases; growing focus of public and private organizations and key market players towards public access defibrillators; and increasing number of training and awareness programs across the globe are driving the growth of the global defibrillators market. However factors such as the lack of awareness about sudden cardiac arrest, issues related to the use of defibrillator devices (external and implantable) and unfavorable healthcare reforms in the U.S. are restricting the growth of the market.
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In 2014 North America accounted for the largest share of the market followed by Europe. However the Asia-Pacific market is expected to grow at the highest CAGR of ~7.1% from 2014 to 2019. The high growth in this region can be attributed to the rapid growth in the aging population, growing focus of multinational companies on emerging markets, improving healthcare infrastructure and huge burden of cardiovascular diseases in this region.
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