Wilmington, Delaware, United States, Transparency Market Research Inc.: The global automated external defibrillators market is estimated to register growth at a CAGR of 15.8% and gain a valuation of USD 4473.40 Mn during the forecast period, 2017-2025.
Wilmington, Delaware, United States, Transparency Market Research Inc.: The global automated external defibrillators market is estimated to register growth at a CAGR of 15.8% and gain a valuation of USD 4473.40 Mn during the forecast period, 2017-2025. The market is being driven by many factors such as increase in prevalence of cardiac disorders across major parts of the globe.
A report by Transparency Market Research (TMR) delivers 360-degree analysis of major factors shaping growth curve of the automated external defibrillators market. Hence, readers get access to comprehensive assessment to important facets such as growth drivers, investment opportunities, restraints, challenges, and ongoing R&D projects in the market for automated external defibrillators.
The research analysts at TMR have performed segmentation of the automated external defibrillators market based on many important parameters including technology, size, end user, and region. In terms of technology, the market for automated external defibrillators is classified into semi-automatic and fully-automatic. On the basis of size, the market is divided into standard automated external defibrillators and pediatric automated external defibrillators.
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Rise in Prevalence of Cardiac Arrest Fuels Demand for Automated External Defibrillators
Automated external defibrillator is gaining impetus owing to its ability to assist in restoring irregularities in heart rhythm using technique of giving electric shock to the heart. These devices are intended for the identification and treatment of two types of nonstandard heart rhythms such as ventricular fibrillation (VF) and pulseless ventricular tachycardia (pulseless VT). Rise in the utilization of this device in the treatment of patients with abrupt cardiac arrest is estimated to create revenue-generation opportunities in the global automated external defibrillators market in the years ahead. Furthermore, surge in number of people addicted to alcohol and smoking may bring lucrative prospects in the market.
Offering Training Programs Intended for Device Use at Workplaces to Support Sales in Market
Automated external defibrillator is being used in varied end users such as emergency medical services, hospitals, public access, work spaces, homes, and private cardiac clinics. The demand for this device is estimated to increase at work spaces owing to surge in stress levels at workplaces globally. Providing training for proper use of automated external defibrillator device may assist in prevention of unfortunate events including deaths due to cardiac arrest. Thus, different training programs are being carried out for precise use of these devices at offices.
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North America: Dominating Region for Market Enterprises
Some of the important regions in the global automated external defibrillators market are Middle East and Africa, North America, Latin America, Asia Pacific, and Europe. Among all regions, North America is dominating region in the automated external defibrillators market. The North America market is prognosticated to maintain its dominant position in the forecast period owing to rise in number of cardia patients and supportive government policies in the region.
Players in the automated external defibrillators market are prognosticated to gain profitable prospects in Asia pacific owing to increase in investments and surge in prevalence of cardiac disorders in the region.
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Companies Focus on Product Innovations and Product Approvals
Major players operating in the automated external defibrillators market are growing focus on the development of next-gen products. Thus, they are increasing investments in research activities. Moreover, several manufacturers of automated external defibrillators are engaged in the approval of their latest products. Companies are seen involving in strategic partnership and agreements in order to stay ahead of the competition. Such efforts are estimated to augment the growth of the automated external defibrillators market in the years ahead.
Some prominent companies operating in the automated external defibrillators market include Asahi Kasei Medical Co. Ltd., Nihon Kohden Corporation, PRIMEDIC (Metrax GmbH-Member of Yuwell Group), Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Koninklijke Philips N.V., Schiller AG, Physio-Control Inc. (Stryker), and Cardiac Science Corporation.
Manufacturers of automated external defibrillators are developing policies in order to sustain their business during critical situations arrived due to the COVID-19 pandemic. They are focused on strengthening their supply channels and continuing regular production activities while adhering to all safety standards suggested by the regional government authorities.
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