According to the recent research report titled ‘Global Defibrillator Market - Analysis By Product Type, Patient Age, End User, By Region, By Country: Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global defibrillator market was valued at USD 10.71 billion in 2019 and is projected to record a y-o-y growth rate of 3.59% during 2020-2025.
 

Growing elderly population and increasing pervasiveness of cardiovascular disease among the young population is majorly contributing to global defibrillator market growth. Technological advancement along with ease of using defibrillator is positively impacting the product demand, as it helps reduce death rate in case of sudden cardiac arrest.
 

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Further, low penetration of automated external defibrillators (AED) in emerging economies such as India and China, coupled with government’s efforts to make it accessible to the general will stimulate global defibrillator market trends.
 

In terms of patient age, the market is classified into pediatrics and adults. While based on product terrain, global defibrillator market is divided into external defibrillator and implantable defibrillator. The report cites that implantable defibrillator segment is poised to attain notable gains in the ensuing years, owing to rising cognizance among the population regarding the vital role of defibrillator in decreasing mortality rate during sudden cardiac arrest.
 

Speaking of end user scope, the industry is bifurcated into pre-health care units, public access market, households, healthcare units, and others. Global defibrillator market share from healthcare units segment is anticipated to grow substantially through 2025, on account of escalating installation of automated external defibrillators (AED) in public places. Further, the government is encouraging non-professionals to use a defibrillator in order to save a person suffering from sudden cardiac arrest, which is also fostering the market expansion.
 

Citing the regional landscape, worldwide defibrillator industry is segmented into Asia Pacific, Europe, and North America. The report states that North America led the overall market forecasts in the year 2019 and is poised to showcase similar growth trends over 2020-2025.
 

Major players in global defibrillator market landscape are St. Jude Medical Inc., Fukuda Colin Co. Ltd., Nanoom Tech Co. Ltd., Philips, LivaNova PLC, Nihon Kohden Corporation, Biotronik, Boston Scientific Corporation, Medtronic plc, and Mindray Medical International Co. Ltd.