Dublin, March 05, 2024 (GLOBE NEWSWIRE) -- The "Defibrillators Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
This comprehensive research on the Defibrillator Market projects a promising future, with the industry expected to expand significantly, reaching a valuation of approximately US$ 20.84 billion by 2030. The study offers a detailed exploration of key factors driving market growth, ranging from technological innovations in medical devices to the growing prevalence of cardiovascular diseases globally.
In line with this, the report predicts a robust Compound Annual Growth Rate (CAGR) of 7.20% from 2024 to 2030. This uptrend is attributed to escalating demand for immediate and effective cardiac intervention technologies - critical in life-threatening situations such as cardiac arrests and arrhythmias.
Significantly, the report delves into various segments of the market, emphasizing the domination of Implantable Defibrillators owing to their proven efficacy in averting sudden cardiac demise. These devices are in constant evolution, becoming more sophisticated, patient-compatible, and capable of longer operation, significantly influencing the global market trajectory.
Furthermore, Hospital end-users are identified as primary stakeholders leading the deployment of these pivotal health apparatuses. As the epicenter of emergency medical interventions and critical care, hospitals represent the largest market segment for defibrillators, underscoring their indispensable role in cardiac emergency preparedness.
Geographically, the report covers extensive ground, highlighting that North America, with the United States at the forefront, commandeers the market share. A combination of higher healthcare expenditures, increased public health awareness, and a robust medical infrastructure continues to fuel market expansion in this region.
The research also sheds light on the dynamic landscape of the defibrillator market, surveying significant regions such as Europe, Asia Pacific, Latin America, and the Middle East & Africa. Each region's market contribution is meticulously analyzed, uncovering the interplay of regional health policies, technological advances, and market penetration by leading companies.
The field boasts a lineup of notable companies, whose advancements and strategic implementations further catalyze the market growth. These organizations are at the helm of innovative developments, with the Medtronic plc recently making headlines with its breakthrough EV ICD system - a testament to ongoing strides in this sector.
Companies Mentioned
- Medtronic PLC
- Boston Scientific Corporation
- Philips Healthcare
- Nihon Kohden Corporation
- Asahi Kasei Corporation
- Stryker Corporation
- Abbott
- LivaNova PLC
For more information about this report visit https://www.researchandmarkets.com/r/ubk31u
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