[FURL=https://www.industryarc.com/Research/Hospital-And-Pre-Hospital-External-Defibrillator-Market-Research-506924?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease] Hospital and Pre-Hospital External Defibrillator Market[/FURL] size was valued at $2.95Billion by 2019 and is anticipated to grow at a CAGR of 5.65% during the forecast period 2020-2025. The Hospital and Pre-Hospital External Defibrillator Market growth rate is attributed to the increasing geriatric population across the globe. Geriatric people have elevated risk of cardiovascular diseases (CVD) which thus account for increase demand. External defibrillators are lightweight and compact instruments used in life-threatening conditions such as ventricular fibrillation, cardiac arrhythmia, sudden cardiac arrest, and pulseless ventricular tachycardia to administer therapeutic shock to a patient's core.The hospital and pre-hospital external defibrillators market is expected to grow at a significant rate during the forecast period, owing to increase in demand for automated defibrillators, surge in prevalence of chronic cardiac diseases, growth in awareness about technological advancements about automated external defibrillators in developing countries. In addition, rise in the geriatric population, and development in healthcare infrastructure further drive the market growth.
Key Takeaways
North America dominated the Hospital and Pre-Hospital External Defibrillator Market with a share of 39.5% in the year 2019.
The factors such as rise in demand for sophisticated defibrillators, large number of healthcare reforms are amongst the major factor projected to impel growth of Hospital and Pre-Hospital External Defibrillator Market.
Rapid rise in geriatric population with elevated risk of cardiovascular diseases, increase in incidence of cardiovascular diseases, and high presence of unmet medical needs especially in untapped economies are the key factors owing to the growth in the segment during forecast period 2020-2025.
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Hospital and Pre-Hospital External Defibrillator Market Drivers
Increasing CVD incidences in geriatric population
Presently, there is an increasing geriatric population across the globe. Geriatric people have elevated risk of CVD which thus account for increase demand. Moreover, lucrative opportunities in emerging economies and rise in adoption of external defibrillators in hospital & pre-hospital treatment offers immense growth opportunities to the global hospital and pre-hospital external defibrillator market during the forecast period 2020-2025.
Hospital And Pre-Hospital External Defibrillator Market top 10 companies are Medtronic PLC, St. Jude Medical, Inc., Boston Scientific Corporation, BIOTRONIK SE & Co. KG, LivaNova PLC, Koninklijke Philips N.V., ZOLL Medical Corporation , Cardiac Science Corporation , Physio-Control, Inc., Nihon Kohden Corporation
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