Global External Defibrillators Market: Witnessing an Impressive 11% CAGR from 2021 to 2026

 

Growing Cases of sudden cardiac arrest cases, heightened efforts by market participants to create more advanced products, initiatives by both government and private organizations to deploy AEDs in public locations, and a growing trend towards sedentary lifestyles among the general population are an amalgamation of reasons propelling the External Defibrillators Market.

An external defibrillator is used to help people who have had a sudden cardiac arrest regain normal heart rhythm. It is a sophisticated yet simple-to-use medical device that can check the heart's rhythm and, if necessary, provide an electrical shock or defibrillation to help the heart reestablish a healthy rhythm.

External Defibrillators Market Growth is being Fueled by technological improvements in external defibrillators

Continuous improvements in both manual and automatic external defibrillators have enabled for the creation of more efficient devices with improved operations, such as speedy shock delivery, voice prompts, and small size. As such advancements tend to give manufacturers with a competitive edge, prominent businesses are always focusing on new product development to strengthen their position in this industry. Some of the new product developments are as follows::

  • In March 2022, Avive secured $22 million in Series A investment for the development of an intelligent automated external defibrillator technology and linked platform to reduce out-of-hospital cardiac arrest deaths.
  • In November 2020, HeartHero got CE mark approval for its 'Elliot' automated external defibrillator (AED), which is one of the low-cost portable devices with simple operations that weighs little over a pound.
  • In June 2020, Philips received pre-market approval for its HeartStart FR3 and HeartStart FRx AEDs from the US Food and Drug Administration (FDA). The HeartStart FR3 is a professional-grade AED designed for medical personnel and first-responders while the HeartStart FRx is a public-access AED for emergency use at public places
  • In September 2019, Mindray announced the launch of its BeneHeart C Series automated external defibrillator (AED) featuring smarter operations and faster shock delivery providing better resuscitation outcomes in an event of sudden cardiac arrest (SCA)

Get Detailed Research Insights on External Defibrillators Market with free sample report @ https://www.openpr.com/news/2700552/global-external-defibrillators-market-is-poised-to-witness

Public-access defibrillation programs are increasing usage and propelling the External Defibrillators Market.

Sudden cardiac arrest (SCA) is one of the leading causes of death globally. Furthermore, the growing senior population, which is predisposed to cardiac abnormalities due to deterioration in the structure and function of the heart, as well as the general population's sedentary lifestyle, all contribute significantly to the prevalence of SCA in public places. To address this issue, government and private organizations have established a number of initiatives to increase access to external defibrillators or provide financing to support such programs –

  • In December 2021, the city of Vancouver has approved a motion put forward by St. John Ambulance B.C. & Yukon to place 1,000 AEDs and first aid supplies throughout the city
  • In September 2021, the governing body of men’s and women’s lacrosse in the US - USA Lacrosse, entered in a three-year partnership with Stryker to be an official AED provider to US National Teams and USA Lacrosse at discounted pricing
  • In May 2021, the Leona M. and Harry B. Helmsley Charitable Trust has awarded a $6.4 million grant to the Nebraska Department of Health and Human Service (DHHS) for the distribution of 2,500 AEDs throughout the state
  • In March 2021, the government in Canada announced an investment of $700,000 to purchase up to 350 AEDs and place them at all the public schools in Nova Scotia 

Competitive Landscape Analysis : External Defibrillators Market

The External Defibrillators Market is marked by the presence of Important players such as Stryker Corporation (US); Koninklijke Philips N.V. (Netherlands); Asahi Kasei Corporation (Japan); Nihon Kohden Corporation (Japan); Mindray Medical International Ltd. (China); and others.

For more Accurate Research Reports on the External Defibrillators Market, visit us at @ https://meditechinsights.com/external-defibrillators-market/

 

About Medi-Tech Insights

 

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

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