“Global Automated External Defibrillator Market to reach a market value of USD 3.1 Billion by 2030 growing at a CAGR of 9.6%”
The Global Automated External Defibrillator Market size is expected to reach $3.1 billion by 2030, rising at a market growth of 9.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 8,765.9 hundred units, experiencing a growth of 9.0% (2019-2022).
AEDs in the public access segment are often integrated into broader emergency response systems. Consequently, the public access segment captured $248.3 million revenue in the market in 2022. Also, the Germany market consumed 99.8 hundred units by public access in the market in 2022. Public access defibrillation programs aim to deploy AEDs across entire communities. These initiatives increase the density of AEDs in neighbourhoods, enhancing the chances of immediate intervention in the event of sudden cardiac arrest. Some devices have features that automatically notify emergency services when the AED is in use, facilitating a coordinated response.
Telemedicine integration enables healthcare professionals to assess the situation remotely and provide expert consultation on AED usage. AEDs connected to telemedicine services provide immediate access to medical expertise, regardless of the geographical location of the incident. This ensures that individuals in remote or underserved areas can access timely and high-quality medical guidance during critical moments.
Additionally, the senior population is more susceptible to cardiovascular diseases, such as coronary artery disease, heart failure, and arrhythmias. As per the World Health Organization, one in six people will be 60 or older by 2030. The number of people 60 and older in the world will increase from 1 billion in 2020 to 1.4 billion in 2050. By 2050, there will be 2.1 billion people in the world who are 60 or older. It is anticipated that there will be 426 million persons 80 or older by 2050.
However, small businesses with limited budgets can find the costs associated with AED maintenance and training prohibitive. Organizations may depend on external training providers, and the associated costs may vary. Relying on external entities for training can lead to unpredictable expenses, making it challenging for businesses and institutions to budget effectively. Thus, maintenance and training expenses can slow down the growth of the market.
Moreover, the global disruption in manufacturing and supply chains affected the production and distribution of medical devices, including AEDs. Restrictions on movement, lockdowns, and workforce shortages led to delays and disruptions in the supply of AEDs. The pandemic strained healthcare resources, with a significant focus on managing and treating COVID-19 cases. This diversion of resources potentially impacted the attention given to other areas of healthcare, including the promotion and deployment of AEDs.
Based on end-use, the market is classified into hospital, pre hospital, public access, homecare and others. In 2022, the hospital segment witnessed the 38.14% revenue share in the market. In terms of volume, hospital segment would consume 7,005.3 hundred units by 2030. Hospitals deploy AEDs in critical care units, such as intensive care units (ICUs) and coronary care units (CCUs). These devices respond rapidly to sudden cardiac arrest (SCA) within the hospital setting, complementing the comprehensive care offered to critically ill patients.
By product, the market is categorized into fully-automated and semi-automated. The semi-automated segment covered a 29.15% revenue share in the market in 2022. In terms of volume, semi-automated segment would register 5,823.1 hundred units by 2030. Semi-automated AEDs provide a balanced approach by allowing the user to initiate the shock delivery after the device analyzes the heart rhythm. This balance between automated analysis and user-controlled shock delivery enables user involvement while ensuring prompt emergency response.
Free Valuable Insights: Global Automated External Defibrillator Market size to reach USD 3.1 Billion by 2030
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region acquired a significant revenue share in the market. In terms of volume, Asia Pacific segment consumed 2,384.0 hundred units in 2022. The increasing incidence of cardiovascular diseases in the Asia Pacific region has heightened awareness of the need for effective emergency response measures. Integrating AEDs into emergency medical services (EMS) systems enhances the overall emergency response infrastructure in Asia Pacific.
The market is marked by robust competition among leading players such as Koninklijke Philips N.V., Stryker Corporation, Corpuls, and Nihon Kohden Corporation. This competition is fueled by ongoing technological advancements, a focus on product quality and reliability, expansive distribution networks, adherence to regulatory standards, and strategic pricing tactics. Companies continually strive to differentiate their offerings through innovation while expanding into emerging markets and raising awareness about the critical role of AEDs in public safety, thus intensifying the competitive landscape within the industry.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 1.5 Billion |
| Market size forecast in 2030 | USD 3.1 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 9.6% from 2023 to 2030 |
| Number of Pages | 265 |
| Number of Table | 530 |
| Quantitative Data | Volume in Hundred Units, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, Application, Region |
| Country scope |
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| Companies Included | Nihon Kohden Corporation (Defibtech LLC), Koninklijke Philips N.V., Bpl Medical Technologies Private Limited, Corpuls (Nordic Capital), Progetti SRL, Stryker Corporation (HeartSine Technologies, Ltd.), CU Medical Systems, Inc., Silverline Meditech Pvt. Ltd., AMI Italia S.r.l., Medtronic PLC |
By Product (Volume, Hundred Units, USD Billion, 2019-2030)
By End-use (Volume, Hundred Units, USD Billion, 2019-2030)
By Geography (Volume, Hundred Units, USD Billion, 2019-2030)
The Market size is projected to reach USD $3.1 billion by 2030.
Integration with telemedicine services are driving the Market in coming years, however, Adverse impact of sustainability concerns restraints the growth of the Market.
Nihon Kohden Corporation (Defibtech LLC), Koninklijke Philips N.V., Bpl Medical Technologies Private Limited, Corpuls (Nordic Capital), Progetti SRL, Stryker Corporation (HeartSine Technologies, Ltd.), CU Medical Systems, Inc., Silverline Meditech Pvt. Ltd., AMI Italia S.r.l., Medtronic PLC
In the year 2022, the market attained a volume of 8,765.9 hundred units, experiencing a growth of 9.0% (2019-2022).
The Fully-automated segment is leading the Market by Product in 2022; thereby, achieving a market value of $2.2 billion by 2030.
The North America region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.2 billion by 2030.
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