The external defibrillator industry will reach USD 8,709.2 million by 2030, powering at a rate of 8.7% by the end of this decade. This is because of the increasing aging population and growing cases of out-of-hospital cardiac arrest.
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As per the Heart & Stroke Statistics report 2020, there are over 356,461 OHCA cases reported every year in the U.S., with around 90% of them resulting in the death of the patient.
Also, in adults, the utmost common place of OHCA is a residence or home, a public environment, or a nursing home.
External defibrillators used for adults had more than 90% share. With the growing adult patients as opposed to pediatric patients globally, the risk of CVDs is growing. Adults are increasingly susceptible to cardiac diseases as a result of unwholesome lifestyles.
North America dominated the external defibrillator market, with a share of about 60%. This has a lot to do with the increasing healthcare expenditure, growing incidence of CVDs, increasing elderly population, and budding consciousness of the reimbursements of external defibrillators in VF and pulseless ventricular tachycardia.
The public access category had the largest share of revenue of more than 30% in the recent past. The increase in the occurrence of SCAs and the mandate obtainability of automated external defibrator in public access settings are the important factors for the growth of the industry.
For instance, the U.S. and numerous APAC and European nations has established legislation needing the fitting of these devices in public spaces. These devices have been applied in locations as schools, stadiums, community centers, recreation centers, health clubs, transportion centers, shopping centers, airlines, government buildings, and offices because of this.
It is because of the increasing elderly population all over the world. The demand for external defibrillator will be on the rise, in the years to come.
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