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The global defibrillator market size is expected to reach USD 22.2 billion by 2028. The market is expected to expand at a CAGR of 7.4% from 2021 to 2028.
Factors contributing to the growth of this market include supportive legislative reforms, rising incidences of sudden cardiac arrests in the region, presence of integrated technology, and the rising awareness for cardiac conditions. Moreover, the COVID 19 pandemic further accentuated the need for defibrillators as many elderly patients suffering from COVID-19, suffered from sudden cardiac arrests, and the device was useful for the resuscitation of such patients.
The rising demand for handling sudden cardiac arrests is leading to innovation in implantable as well as external defibrillators. Innovation with regards to implantable devices includes subcutaneous and transvenous devices, that aim to increase the comfort level of patients.
Global $22.8 Billion Defibrillator (ICD, External Defibrillator) Market to 2028: COVID-19 Pandemic Further Accentuates the Need for Defibrillators prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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SAN FRANCISCO, Feb. 11, 2021 /PRNewswire/ The global defibrillator market size is expected
to reach USD 22.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected
to expand at a CAGR of 7.4% from 2021 to 2028. Factors contributing to the growth of this market include supportive legislative reforms, rising incidences of sudden cardiac arrests in the region, presence of integrated technology, and rising awareness for cardiac conditions. Moreover, the COVID 19 pandemic further accentuated the need for defibrillators as many elderly patients suffering from COVID-19, suffered from sudden cardiac arrests, and the device was useful for the resuscitation of such patients.
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