NEWARK, Del, Dec. 20, 2023 (GLOBE NEWSWIRE) -- The automated external defibrillator market is estimated to be worth US$ 1038.3 million in 2024 and is projected to be valued at US$ 1,551.80 million in 2034. Between 2024 and 2034, the industry is expected to register a growth rate of 4.30%.
The increased focus on employee safety in various industry are expected to drive the market growth during the forecast period. AEDs are recognized as essential tools for addressing sudden cardiac emergencies in industrial environments where workers may face higher risks. Increasing regulations or guidelines mandating the presence of AEDs in workplaces, especially in high-risk industries such as manufacturing, construction, and mining drives the integration of AED into industrial settings.
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Increasing cases of cardiac arrest as sudden cardiac arrest (SCA) can happen anywhere, including workplaces. Industries recognize the potential risk to employees due to stress, physical exertion, or underlying health conditions. AEDs are crucial for immediate response and increasing the chances of survival in such emergencies.
Some industries, like manufacturing or construction, involve high-stress or physically demanding tasks, increasing the risk of cardiac events, driving the demand for automated external defibrillators (AEDs). Having AEDs readily available within industries minimizes the time taken for emergency response. Quick access to AEDs significantly improves the chances of successful defibrillation and survival in the critical minutes following an SCA.
Key Takeaways from the Market Study
- From 2019 to 2023, the automated external defibrillators (AEDs) market was valued at a CAGR of 4.10%
- Based on product type, semi Automated AEDs segment is expected to account for a share of 45% in 2024.
- Global automated external defibrillators (AEDs) demand in China is predicted to account for a CAGR of 4.80% in 2024.
- In the United States, the automated external defibrillators (AEDs) industry is expected to account for a CAGR of 3.90% in 2024.
- Germany is projected to expand by a value CAGR of 3.70% between 2024 and 2034.
- Automated external defibrillators (AEDs) market in India is anticipated to record a CAGR of 5.0% in 2024.
“Increased employee safety regulations and potential risks of sudden cardiac emergencies in high-stress environments in various industries anticipated to drive the market growth during the forecast period" - says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.
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Competitive Landscape:
Major automated external defibrillators (AEDs) market players are focusing on expanding their customer base through various strategies, such as expanding their product portfolio through new product launches and innovations. AED manufacturers are focusing on developing devices suitable for industrial environments. Devices with durability, resistance to environmental factors, and easy operability are being introduced to cater to the specific needs of various industrial settings.
Some of the developments in the market are listed below.
- Schiller AG has developed AEDs with ergonomic designs and user-friendly interfaces. They have integrated advanced algorithms for accurate analysis of heart rhythms and effective shock delivery.
- ZOLL has focused on introducing AEDs with intelligent features, such as Real CPR Help technology, providing real-time feedback during CPR. Their devices also feature enhanced electrode technology for better patient analysis.
Scope of the Report:
| Attributes | Details | ||
| Estimated Market Size in 2024 | US$ 1,038.3 million | ||
| Projected Market Valuation in 2034 | US$ 1,551.80 million | ||
| Value-based CAGR 2024 to 2034 | 4.30% | ||
| Forecast Period | 2024 to 2034 | ||
| Historical Data Available for | 2019 to 2023 | ||
| Market Analysis | Value in US$ million | ||
| Key Regions Covered |
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| Key Market Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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Automated External Defibrillators (AEDs) Market Key Segments:
By Product Type:
- Semi-automated AEDs
- Fully Automated AEDs
By End-Use:
- Hospitals and Clinics
- Home Care
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
Authored By:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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