Dublin, March 26, 2024 (GLOBE NEWSWIRE) -- The "Automated External Defibrillators Market Size and Forecasts 2020 - 2030, Global and Regional Share, Trends, and Growth Opportunity Analysis By Type and End User" report has been added to ResearchAndMarkets.com's offering.
Rising Incidence of Cardiac Arrests and Enhanced Awareness Programs Propel AED Market Growth
The global automated external defibrillators (AED) market is on an upward trajectory, anticipated to expand from its current valuation to a remarkable $2.207 billion by 2030, according to latest market analysis. This growth, representing a CAGR of 4.5% from 2022 to 2030, is primarily driven by the increasing incidence of cardiovascular diseases and the surging number of training and awareness initiatives on the use of AEDs. The rising awareness and strategic implantation of AEDs in public access areas underline the market's robust expansion.
Segmental Insights and End User Demand
The AED market, analyzed by type, includes fully automated and semi-automated external defibrillators. These life-saving devices are crucial for delivering timely defibrillation to individuals undergoing cardiac arrest. The FAED segment is particularly noteworthy for its user-friendly design that does not necessitate operator intervention to administer the shock.
The end user segment sprawls across hospitals & clinics, homecare, and other areas. Hospitals & clinics dominate the current market share due to the professional healthcare services provided by medical staff. The rise in cardiac arrest cases has heightened the need for AEDs in these facilities. Meanwhile, the homecare segment shows the fastest growth potential, spurred by increased public awareness and the convenience of in-home care solutions.
Geographic Market Outlook
Regionally, North America holds the largest share of the AED market, attributable to advanced healthcare infrastructure and stringent health regulations. The Asia Pacific region is identified as the fastest-growing area in the market, due to rising healthcare expenditures and escalating awareness of cardiac arrest dangers.
Corporate Developments and Market Innovations
Key market players, including Nihon Kohden, Asahi KASEI, and Mindray Medical International, are actively innovating and improving their offerings. Recent developments have witnessed advancements that not only favor market growth but also significantly impact patient care standards. For instance, Murcia Health Service's investment in state-of-the-art Holters enhances cardiac monitoring, signifying innovative strides within the market. Philips’ ongoing efforts to adhere to FDA regulations underscore compliance and dedication to quality, evidenced by the resumption of defibrillator manufacturing and shipping in the US.
The automated external defibrillators market analysis reflects a burgeoning field bolstered by technological advancements, increased healthcare focus, and strategic awareness campaigns. As this market continues to evolve, the heightened awareness and accessibility of this life-saving technology represents a leap forward in public health and safety.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 137 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value in 2022 | 1.56 Billion |
| Forecasted Market Value by 2030 | 2.21 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- Shenzhen Mindray Bio-Medical Electronics Co Ltd
- Stryker Corp
- BPL Medical Technologies Pvt Ltd
- Schiller AG
- Mediana Co Ltd
- Nihon Kohden Corp
- Asahi Kasei Corp
- CU Medical Systems Inc
- Progetti SRL
- Koninklijke Philips NV
For more information about this report visit https://www.researchandmarkets.com/r/e2s6hd
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