Stratview Research has published a new research report on the ‘Automated External Defibrillators Market’. This report covers the top regions & countries of the world and shows a region-wise development status, including market size, shares, revenue, opportunities, and strategies to enhance growth across the globe. This report provides a 5-year pre-historic and future forecast for the segment and a comprehensive overview of the global market size.

Automated External Defibrillators Market: Report Highlights

The automated external defibrillators market was estimated at USD 1.71 billion in 2021 and is likely to grow at a CAGR of 7.05% during 2022-2028 to reach USD 2.77 billion in 2028.

Automated External Defibrillators is the process of altering a protein sequence to attain the desired result such as increased stability to the temperature, organic solvents, and/or extremes of pH or a change in the substrate capacity. 

Market Dynamics

The rapidly expanding aging population has also resulted in increased demands for automated external defibrillators.

  • The market growth is primarily driven by an increase in the number of people suffering from cardiovascular diseases as a result of a busy lifestyle and unhealthy eating habits.
  • The rise in the number of people dying due to cardiac arrest is likely to fuel the demand for automated defibrillators at a significant rate.
  • Growing emphasis on technological advancement in these devices is expected to create lucrative opportunities for the players operating in the global automated external defibrillators market during the review period

Impact of COVID-19 on the Automated External Defibrillators Market

The Covid-19 outbreak impacted the growth of automated external defibrillators positively. With the rapid surge in covid-19 cases, healthcare facilities across geographies were focusing on treating patients infected with the coronavirus. This resulted in an increased need for automated defibrillators to ensure patients suffering from cardiac arrest could be provided with the best chances of survival.

Market Segments’ Analysis

Based on end users, the market has been divided into hospitals, public access, emergency medical services, homes, and private cardiac clinics.

In 2021, the hospital's segment garnered the largest market share. The public access segment is likely to grow at a significant rate during the review period on account of the rise in the number of sudden cardiac arrest cases worldwide.

The market in North America accounted for the largest share of approximately 30% in 2021.

This was due to the increasing geriatric population, the rise in the number of people dying due to cardiac arrest, and the growing emphasis on technological advancement in defibrillators.

The market in the Asia-Pacific region is projected to register a healthy growth rate on account of rising product awareness among consumers and expanding the healthcare industry in developing countries.

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