External Defibrillator Industry WAS Dominated by North America

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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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.

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