North America Is Dominating Automated External Defibrillator Industry

The total value of the global automated external defibrillator market was USD 1,677.3 million in 2021, and it will rise at a growth rate of above 8.6% shortly, reaching USD 3,520.5 million by 2030, according to P&S Intelligence. This growth can be ascribed to the improvements in the AED technology, growing count of strategic growths among main players, and increasing occurrence of cardiac illnesses.

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LifeVest uninterruptedly screens the patient’s heart, and in case of the finding of an irregular heart rhythm, generates a shock to bring back the usual heart rhythm. Unlike orthodox counterparts, contemporary implantable cardioverter defibrillators (ICDs) have removed the requirement for inserting a separate pacemaker in patients. Such improvements in technology have impacted the development of the industry.

AEDs used on adult patients held a gigantic revenue share, of approximately 95.6%, in the automated external defibrillator industry, in 2021. This can be credited to the more quickly growing count of adult patients than pediatric patients thought-out the globe.

For example, according to the World Bank, there were approximately 75 million grown-up patients (in the generation of 15 years and above) and 25 million pediatric patients (in the age range of 0–15 years) throughout the globe.

In the coming few years, Pre-hospital care and EMS providers are projected to continue with the dominant in terms of holding the largest share in the automated external defibrillator market. 

The increasing occurrence of SCA and directed the availability of such devices at all pre-hospital-care and emergency sceneries are the main reasons for growing the need for such systems.

In recent years, North America was the largest industry for the automated external defibrillator and held approximately 60% share in the worldwide industry. This can be credited to the better-quality healthcare infrastructure, the existence of well-known players, and the rise in the elderly populace in the continent.

Also, the increasing occurrence of CVDs and the growing count of AED installations have boosted the industry development in North America.

Hence, the improvements in the AED technology, growing count of strategic growths among main players, and increasing occurrence of cardiac illnesses are the major factors driving the automated external defibrillator market.