Hospital & Pre-Hospital External Defibrillator Market - Forecast(2024 - 2030)
Hospital & Pre-Hospital External Defibrillator Market Overview
Hospital & Pre-Hospital External Defibrillator Market size is
estimated to reach $4.3 billion by 2027, growing at a CAGR of 6.2% during the
forecast period 2022-2027. Hospital & Pre-Hospital External Defibrillator
includes a device that brings back a normal heartbeat by transmitting an
electric pulse or shock to the heart. It is utilized to avert or correct an
arrhythmia, a heartbeat that is irregular or that is too sluggish or too quick.
Defibrillators can also bring back the heart’s beating if the heart unexpectedly
halts. Pre-shock
cardiopulmonary resuscitation may be advantageous for the survival of
out-of-hospital cardiac patients with ventricular fibrillation / ventricular tachycardia
in a post-hoc investigation of a prehospital trial conducted in Europe
(L.Wik,2002). However, its efficiency in the Asian countries, where the most
firstly reported rhythm in out-of-hospital cardiac arrests patients was
asystole/pulseless electric activity rather than ventricular fibrillation /
ventricular tachycardia, was not investigated so far. Wearable cardioverter defibrillators
are automatic external defibrillators that supervise and treat a patient for
ventricular defibrillation. The devices are aimed to be worn at home or in hospital settings as prescribed and directed by a doctor. Heart rhythms that
may need defibrillation are ventricular tachycardia without a pulse,
ventricular fibrillation, and cardiac arrest. Defibrillation can be performed by
utilizing an automated external defibrillator (AED), a semi-automated
defibrillator, or an internal cardiac defibrillator.
The surging application of external defibrillators including wearable
cardioverter defibrillators in life-alarming conditions like ventricular
fibrillation and cardiac arrhythmia is set to drive the Hospital & Pre-Hospital External Defibrillator Market. The surging technological progress
in the field of external defibrillators and training and awareness programs
targeted toward defibrillators is set to propel the growth of the Hospital & Pre-Hospital External Defibrillator Market during the forecast period 2022-2027.
This represents the Hospital & Pre-Hospital External Defibrillator Industry
Outlook.
Report Coverage
The report: “Hospital & Pre-Hospital External
Defibrillator Market Forecast (2022-2027)”, by Industry ARC, covers
an in-depth analysis of the following segments of the Hospital & Pre-Hospital External Defibrillator
Market.
By Product Type: Manual External Defibrillator,
Automated External Defibrillator.
By End-User: Hospital (General Wards, ICU (Intensive Care Unit), Emergency Room,
Others), Pre-Hospital (EMS (Emergency Medical Services), Fire Department,
Police, Private Transport Companies, Others).
By Geography: North
America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain,
Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India,
Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil,
Argentina, Chile, Colombia, Rest of South America), and Rest Of The World
(Middle East, Africa).
Key Takeaways
- Geographically, North America Hospital & Pre-Hospital External Defibrillator Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the expanding population of senior citizens and the soaring government expenditure on healthcare facilities involving wearable cardioverter defibrillators in the North American region.
- Hospital & Pre-Hospital External Defibrillator Market growth is being driven by the increased hazard of cardiovascular diseases (CVDs) encountered by the elderly resulting in increased demand for hospital & pre-hospital external defibrillators including wearable cardioverter defibrillators. However, the restricted insurance coverage and the soaring cost of defibrillators are some of the major factors hampering the growth of the Hospital & Pre-Hospital External Defibrillator Market.
- Hospital & Pre-Hospital External Defibrillator Market Detailed Analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Hospital & Pre-Hospital External Defibrillator Market report.
The Hospital & Pre-Hospital
External Defibrillator Market based on product type can be further segmented
into Manual External
Defibrillator and Automated External Defibrillator. The Manual External Defibrillator Segment held the largest market
share in 2021. This growth is owing to the surging application of a manual
external defibrillator for restarting a heart that has halted owing to
conditions like ventricular fibrillation and ventricular tachycardia. The
treatment for ventricular fibrillation and other life-alarming arrhythmias
(abnormal heart rhythms) is defibrillation. The proliferating count of
specialized and skilled healthcare professionals is further propelling the
growth of the Manual External Defibrillator segment.
Furthermore, the Automated External Defibrillator segment is estimated
to grow with the fastest CAGR of 7.6% during the forecast period 2022-2027
owing to the surging acceptance of automated external defibrillators for
treating irregular heart rhythms, the expanding initiatives by principal firms
and the deployment of numerous public access defibrillation programs.
Hospital & Pre-Hospital External Defibrillator Market Segment Analysis – By End-User:
The Hospital & Pre-Hospital External Defibrillator Market based on end-user can be further
segmented into Hospital and Pre-Hospital. The Hospital segment held the largest market
share in 2021. This growth is owing to the
surging application of automated external defibrillators in in-hospital
emergency management. Wearable cardioverter defibrillators are automatic
external defibrillators that supervise and treat a patient for ventricular
defibrillation to be worn at home or in hospital settings as prescribed and
directed by a doctor. The proliferating count of hospitals is further
propelling the growth of this segment.
Furthermore, the Pre-Hospital segment is
estimated to grow with the fastest CAGR of 7.9% during the forecast period 2022-2027 owing to the extensive
application of defibrillation involving utilization of defibrillation pads for
pre-hospital defibrillation apart from the application of wearable cardioverter
defibrillators at home and in hospital
settings.
Hospital & Pre-Hospital External Defibrillator Market Segment Analysis – By Geography:
The Hospital & Pre-Hospital External Defibrillator Market based on geography can be further
segmented into North America, Europe, Asia-Pacific, South America and Rest of
the World. North America (Hospital & Pre-Hospital External Defibrillator
Market) held the largest share with 33% of the overall market in 2021. The
growth of this region is owing to the increasing
predominance of cardiovascular diseases in the North American region. LifeVest® is FDA-approved and
is categorized under wearable cardioverter defibrillators (WCDs) indicated to decrease
the hazard of sudden cardiac death (SCD) in patients with decreased left
ventricular ejection fraction (LVEF) who have endured an acute myocardial
infarction (AMI). The novel product launches and the rising count of key
players in the region are further propelling the growth of the Hospital & Pre-Hospital External Defibrillator Market in the North American region.
Furthermore, the Asia-Pacific
region is estimated to be the region with the fastest CAGR rate over the
forecast period 2022-2027. This growth is owing to factors like the
proliferating lucrative opportunities offered in the Asia-Pacific region. The heightening application of defibrillators to treat irregular heart
rhythms and the increasing predominance of heart failures are further fuelling the progress of
the Hospital & Pre-Hospital External Defibrillator Market in the Asia-Pacific
region.
Hospital & Pre-Hospital External Defibrillator Market Drivers
Surging Approvals Of Wearable Cardioverter Defibrillators Are Projected To Drive The Growth Of Hospital & Pre-Hospital External Defibrillator Market:
In the U.S., around 800,000 people have implantable cardioverter defibrillators (ICDs). 10,000 ICDs are implanted every month. The WEARABLE CARDIOVERTER DEFIBRILLATOR (WCD) 2000 LIFEVEST developed by ZOLL MANUFACTURING CORPORATION received premarket approval from the U.S. Food And Drug Administration (FDA) in 2001 to be utilized for adult patients who encountered the hazard of sudden cardiac arrest and either are not candidates for or decline an implantable defibrillator. Furthermore, in December 2015, the U.S. Food And Drug Administration (FDA) authorized the LifeVest wearable cardiovascular defibrillator (Zoll Manufacturing Corporation) for pediatric application. As per the FDA statement, “The LifeVest is approved for certain children who are at risk for sudden cardiac arrest, but are not candidates for an implantable defibrillator due to certain medical conditions or lack of parental consent". The LifeVest® wearable cardioverter defibrillator (WCD) is planned to safeguard patients from the hazard of sudden cardiac death (SCD), when a patient’s condition is altering and permanent SCD hazard has not been confirmed. The surging approvals of Wearable Cardioverter Defibrillators are therefore fuelling the growth of the Hospital & Pre-Hospital External Defibrillator Market during the forecast period 2022-2027.
Extensive Applications Of Defibrillators In Measuring Heart Rhythms Are Expected To Boost The Demand For Hospital & Pre-Hospital External Defibrillators:
There are three kinds of defibrillators namely Automated External Defibrillators (AEDs), Implantable Cardioverter Defibrillators (ICDs), and Wearable Cardioverter Defibrillators (WCDs). If a defibrillator is utilized within 3-5 minutes of cardiac arrest, survival rates jump from 6 percent to 74 percent. Every kind performs by inspecting for arrhythmias or uneven heart rhythms. Defibrillators are devices that re-establish a normal heartbeat by transmitting an electric pulse or shock to the heart. They are utilized to avert or correct an arrhythmia, a heartbeat that is uneven or that is too slow or too fast. Defibrillators can also bring back the heart’s beating if the heart unexpectedly halts. Distinct kinds of defibrillators perform in different ways. Automated external defibrillators (AEDs), which are in numerous public spaces, were developed to rescue the lives of people experiencing sudden cardiac arrest. Even untrained bystanders can use these devices in an emergency. Additional defibrillators can avert abrupt demise amidst people who have a soaring hazard of a life-alarming arrhythmia. They involve implantable cardioverter defibrillators (ICDs), which are surgically established within the body, and wearable cardioverter defibrillators (WCDs), which rest on the body. It can consume time and effort to get accustomed to living with a defibrillator, and it is vital to be aware of probable hazards and complexities. The extensive applications of defibrillators in measuring heart rhythms are therefore driving the growth of the Hospital & Pre-Hospital External Defibrillator Market during the forecast period 2022-2027.
Hospital & Pre-Hospital External Defibrillator Market Challenges
Disadvantages Of Defibrillators Are Hampering The Growth Of The Hospital & Pre-Hospital External Defibrillator Market:
Defibrillators are high-priced machines, with even the most modestly-priced home models surpassing the £650 mark. A LifeVest comes under the category of wearable cardioverter defibrillators developed by ZOLL Medical Corporation, which costs around $2,000. There may be added costs related to the fitting of the device and follow-up visits with a healthcare professional. The wearable cardioverter defibrillator is a lightweight and inconspicuous garment that can rescue lives. Additionally, most health insurance will not pay for a home automated external defibrillator (AED), putting the complete stress of the cost on the individual. Defibrillators in hospitals are even more costly but are more repeatedly utilized. AEDs need training to be utilized correctly. The owner’s manual comes with just the basics. Therefore, anyone who is required to utilize an AED needs to attend a training seminar. For hospital employees, defibrillator training takes time away from additional areas of learning. Improper application of a defibrillator can result in severe injury to the victim or onlookers in the immediate area. The extensive application of home and public defibrillators raises legal problems also. These issues are thus hampering the growth of the Hospital & Pre-Hospital External Defibrillator Market.
Hospital & Pre-Hospital External Defibrillator Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Hospital & Pre-Hospital External Defibrillator Market. Key companies in this market are:
- Medtronic PLC
- Abbott (St. Jude Medical, Inc.)
- Boston Scientific Corporation
- BIOTRONIK SE & Co. KG
- LivaNova PLC
- Koninklijke Philips N.V.
- ZOLL Medical Corporation
- Stryker Corporation
- Physio-Control, Inc.
- Nihon Kohden Corporation
Recent Developments
- In July 2020, Royal Philips declared the introduction of its remote monitoring and defibrillator solution (Tempus ALS) for pre-hospital settings in the U.S. The solution is an entire end-to-end system that integrates creative hardware and progressive software to extend the pre-hospital scope of care for the earliest responders. The professional defibrillator (Tempus LS-Manual) is the ultimate element of the complete solution to accept 510(k) clearance from the U.S. Food and Drug Administration (FDA) and is presently accessible for sale in the U.S. market.
- In June 2020, Asahi Kasei Corporation upgraded its Zoll AED 3 defibrillator with real CPR help and integrated child rescue and wireless connectivity features.
- In September 2019, the BeneHeart C Series AED was launched by Shenzhen Mindray Bio-Medical Electronics Co. Ltd. for improving resuscitation during SCA cases. The device makes use of the ResQNavi technology for directing users through the rescue process and provides step-by-step voice prompts and animation coaching.
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LIST OF TABLES
1.Global HOSPITAL AND PRE-HOSPITAL EXTERNAL DEFIBRILLATORS MARKET, BY TYPE Market 2023-2030 ($M)1.1 Manual External Defibrillator Market 2023-2030 ($M) - Global Industry Research
1.2 Automated External Defibrillator Market 2023-2030 ($M) - Global Industry Research
2.Global HOSPITAL AND PRE-HOSPITAL EXTERNAL DEFIBRILLATORS MARKET, BY END USER Market 2023-2030 ($M)
2.1 Hospitals Market 2023-2030 ($M) - Global Industry Research
2.1.1 General wards Market 2023-2030 ($M)
2.1.2 ICU Market 2023-2030 ($M)
2.1.3 Emergency Room Market 2023-2030 ($M)
2.2 Pre-Hospital Market 2023-2030 ($M) - Global Industry Research
2.2.1 Emergency Medical Service Market 2023-2030 ($M)
2.2.2 Fire Departments Market 2023-2030 ($M)
2.2.3 Police Market 2023-2030 ($M)
2.2.4 Private Transport Companies Market 2023-2030 ($M)
3.Global HOSPITAL AND PRE-HOSPITAL EXTERNAL DEFIBRILLATORS MARKET, BY TYPE Market 2023-2030 (Volume/Units)
3.1 Manual External Defibrillator Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Automated External Defibrillator Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global HOSPITAL AND PRE-HOSPITAL EXTERNAL DEFIBRILLATORS MARKET, BY END USER Market 2023-2030 (Volume/Units)
4.1 Hospitals Market 2023-2030 (Volume/Units) - Global Industry Research
4.1.1 General wards Market 2023-2030 (Volume/Units)
4.1.2 ICU Market 2023-2030 (Volume/Units)
4.1.3 Emergency Room Market 2023-2030 (Volume/Units)
4.2 Pre-Hospital Market 2023-2030 (Volume/Units) - Global Industry Research
4.2.1 Emergency Medical Service Market 2023-2030 (Volume/Units)
4.2.2 Fire Departments Market 2023-2030 (Volume/Units)
4.2.3 Police Market 2023-2030 (Volume/Units)
4.2.4 Private Transport Companies Market 2023-2030 (Volume/Units)
5.North America HOSPITAL AND PRE-HOSPITAL EXTERNAL DEFIBRILLATORS MARKET, BY TYPE Market 2023-2030 ($M)
5.1 Manual External Defibrillator Market 2023-2030 ($M) - Regional Industry Research
5.2 Automated External Defibrillator Market 2023-2030 ($M) - Regional Industry Research
6.North America HOSPITAL AND PRE-HOSPITAL EXTERNAL DEFIBRILLATORS MARKET, BY END USER Market 2023-2030 ($M)
6.1 Hospitals Market 2023-2030 ($M) - Regional Industry Research
6.1.1 General wards Market 2023-2030 ($M)
6.1.2 ICU Market 2023-2030 ($M)
6.1.3 Emergency Room Market 2023-2030 ($M)
6.2 Pre-Hospital Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Emergency Medical Service Market 2023-2030 ($M)
6.2.2 Fire Departments Market 2023-2030 ($M)
6.2.3 Police Market 2023-2030 ($M)
6.2.4 Private Transport Companies Market 2023-2030 ($M)
7.South America HOSPITAL AND PRE-HOSPITAL EXTERNAL DEFIBRILLATORS MARKET, BY TYPE Market 2023-2030 ($M)
7.1 Manual External Defibrillator Market 2023-2030 ($M) - Regional Industry Research
7.2 Automated External Defibrillator Market 2023-2030 ($M) - Regional Industry Research
8.South America HOSPITAL AND PRE-HOSPITAL EXTERNAL DEFIBRILLATORS MARKET, BY END USER Market 2023-2030 ($M)
8.1 Hospitals Market 2023-2030 ($M) - Regional Industry Research
8.1.1 General wards Market 2023-2030 ($M)
8.1.2 ICU Market 2023-2030 ($M)
8.1.3 Emergency Room Market 2023-2030 ($M)
8.2 Pre-Hospital Market 2023-2030 ($M) - Regional Industry Research
8.2.1 Emergency Medical Service Market 2023-2030 ($M)
8.2.2 Fire Departments Market 2023-2030 ($M)
8.2.3 Police Market 2023-2030 ($M)
8.2.4 Private Transport Companies Market 2023-2030 ($M)
9.Europe HOSPITAL AND PRE-HOSPITAL EXTERNAL DEFIBRILLATORS MARKET, BY TYPE Market 2023-2030 ($M)
9.1 Manual External Defibrillator Market 2023-2030 ($M) - Regional Industry Research
9.2 Automated External Defibrillator Market 2023-2030 ($M) - Regional Industry Research
10.Europe HOSPITAL AND PRE-HOSPITAL EXTERNAL DEFIBRILLATORS MARKET, BY END USER Market 2023-2030 ($M)
10.1 Hospitals Market 2023-2030 ($M) - Regional Industry Research
10.1.1 General wards Market 2023-2030 ($M)
10.1.2 ICU Market 2023-2030 ($M)
10.1.3 Emergency Room Market 2023-2030 ($M)
10.2 Pre-Hospital Market 2023-2030 ($M) - Regional Industry Research
10.2.1 Emergency Medical Service Market 2023-2030 ($M)
10.2.2 Fire Departments Market 2023-2030 ($M)
10.2.3 Police Market 2023-2030 ($M)
10.2.4 Private Transport Companies Market 2023-2030 ($M)
11.APAC HOSPITAL AND PRE-HOSPITAL EXTERNAL DEFIBRILLATORS MARKET, BY TYPE Market 2023-2030 ($M)
11.1 Manual External Defibrillator Market 2023-2030 ($M) - Regional Industry Research
11.2 Automated External Defibrillator Market 2023-2030 ($M) - Regional Industry Research
12.APAC HOSPITAL AND PRE-HOSPITAL EXTERNAL DEFIBRILLATORS MARKET, BY END USER Market 2023-2030 ($M)
12.1 Hospitals Market 2023-2030 ($M) - Regional Industry Research
12.1.1 General wards Market 2023-2030 ($M)
12.1.2 ICU Market 2023-2030 ($M)
12.1.3 Emergency Room Market 2023-2030 ($M)
12.2 Pre-Hospital Market 2023-2030 ($M) - Regional Industry Research
12.2.1 Emergency Medical Service Market 2023-2030 ($M)
12.2.2 Fire Departments Market 2023-2030 ($M)
12.2.3 Police Market 2023-2030 ($M)
12.2.4 Private Transport Companies Market 2023-2030 ($M)
13.MENA HOSPITAL AND PRE-HOSPITAL EXTERNAL DEFIBRILLATORS MARKET, BY TYPE Market 2023-2030 ($M)
13.1 Manual External Defibrillator Market 2023-2030 ($M) - Regional Industry Research
13.2 Automated External Defibrillator Market 2023-2030 ($M) - Regional Industry Research
14.MENA HOSPITAL AND PRE-HOSPITAL EXTERNAL DEFIBRILLATORS MARKET, BY END USER Market 2023-2030 ($M)
14.1 Hospitals Market 2023-2030 ($M) - Regional Industry Research
14.1.1 General wards Market 2023-2030 ($M)
14.1.2 ICU Market 2023-2030 ($M)
14.1.3 Emergency Room Market 2023-2030 ($M)
14.2 Pre-Hospital Market 2023-2030 ($M) - Regional Industry Research
14.2.1 Emergency Medical Service Market 2023-2030 ($M)
14.2.2 Fire Departments Market 2023-2030 ($M)
14.2.3 Police Market 2023-2030 ($M)
14.2.4 Private Transport Companies Market 2023-2030 ($M)
LIST OF FIGURES
1.US Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)2.Canada Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
3.Mexico Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
4.Brazil Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
5.Argentina Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
6.Peru Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
7.Colombia Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
8.Chile Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
9.Rest of South America Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
10.UK Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
11.Germany Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
12.France Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
13.Italy Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
14.Spain Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
15.Rest of Europe Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
16.China Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
17.India Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
18.Japan Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
19.South Korea Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
20.South Africa Hospital And Pre-Hospital External Defibrillator Market Revenue, 2023-2030 ($M)
21.North America Hospital And Pre-Hospital External Defibrillator By Application
22.South America Hospital And Pre-Hospital External Defibrillator By Application
23.Europe Hospital And Pre-Hospital External Defibrillator By Application
24.APAC Hospital And Pre-Hospital External Defibrillator By Application
25.MENA Hospital And Pre-Hospital External Defibrillator By Application
26.ASAHI KASEI CORPORATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.AURORA CAPITAL GROUP, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.GENERAL ELECTRIC COMPANY, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.KONINKLIJKE PHILIPS N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.MEDIANA CO., LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.NIHON KOHDEN CORPORATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.PROGETTI SRL, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.SCHILLER AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.STRYKER CORPORATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)