Defibrillators Market : Global Opportunity Analysis and Industry Forecast 2021––2030

The global defibrillator market is expected to grow at a CAGR of 6.6 percent, from $13,168 million in 2020 to $24,608.3 million in 2030. In life-threatening diseases such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia. Defibrillation is a process that involves administering an electric shock to the heart, which depolarizes the cardiac muscles and restores the heart's normal electric impulse. External defibrillators are life-saving medical devices that employ paddles or electrode pads to provide defibrillating shock to identify and restore life-threatening irregular heart rhythms in the event of sudden cardiac arrest.

The global defibrillators market is expected to be negatively impacted by the COVID-19 epidemic. The global epidemic of COVID-19 has thrown healthcare workflows into disarray. The pandemic damaged hospital purchasing capacities, particularly in small-scale hospitals, leading in cancelled or postponed supply transactions and procedures, affecting overall income for all major defibrillator players.

The market is growing due to a growing focus on public access defibrillators (PAD) by both public and private organisations. Furthermore, the market is being driven by an increase in the number of key companies developing sophisticated defibrillator devices, a fast rising geriatric population with an increased risk of cardiac arrest, and an increase in the frequency of cardiac disorders. Cardioversion, defibrillation, and cardiac pacing are all possible with defibrillators.

Manual external defibrillators, automated external defibrillators (AEDs), and wearable cardioverter defibrillators are the three main types of external defibrillators (WCDs). Because of their high efficiency and ease of use, AEDs are commonly employed to treat sudden cardiac arrest (SCA), resulting in a considerable market share in the global defibrillator industry. The market for defibrillators, however, is being held back by increased pricing pressure on companies.