Defibrillators are being increasingly used to save patients suffering from sudden cardiac arrest. A defibrillator depolarizes critical parts of a heart muscle, thereby restoring the normal heart rhythm. The chances of survival of patients affected by sudden cardiac arrest rise if cardiopulmonary resuscitation (CPR) and defibrillation are administered within 5 to 12 minutes of cardiac arrest. The global defibrillators market is anticipated to expand positively at a CAGR of 6.2% during the period between 2013 and 2019 due to the growing prevalence of cardiovascular diseases. The overall market stood at a valuation of US$9.3 bn in 2012 and is projected to be worth US$14.2 bn by 2019.
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Rising Smoking Habit to Drive Demand for Defibrillators in Middle East
The regional segments of the global defibrillators market include Europe, Asia Pacific, North America, Latin America, Africa, and the Middle East. North America was the largest market for defibrillators in 2012. However, in the coming years, the Middle East and Asia Pacific are projected to register rapid growth owing to the growing prevalence of cardiovascular diseases.
According to a research paper published in the Dove Medical Press, countries in the Middle East and Africa are witnessing a rising prevalence of cardiovascular diseases owing to the rising prevalence of hypertension, diabetes, smoking, dyslipidemia, and a sedentary lifestyle. Smoking across most of the countries in these regions has shot up and hence, tobacco consumption has been marked as a major factor contributing to the rise in the number of patients suffering from sudden cardiac arrests. Patients in these regions are suffering from myocardial infarction at a younger age, on an average, compared to patients residing elsewhere. All these factors have contributed significantly towards the growth of the defibrillator market in these regions. In the U.A.E, the growing awareness about the utility of defibrillators and various government initiatives have boosted the demand for defibrillators.
Hospitals Emerge as Key End-use Segment of Global Defibrillators Market
Defibrillators can accurately analyze cardiac rhythm and response quickly for delivering shock. Automated external defibrillators (AEDs), advanced life support (ALS) defibrillators, wearable defibrillators, and implantable cardioverter defibrillators (ICDs) are the major types of defibrillators available in the global defibrillators market. In 2012, the demand for implantable defibrillator devices was the highest, followed by advanced life support defibrillators. In the near future, the rising demand for implantable cardiovascular defibrillators will significantly fuel the growth of the overall market. The increase in the installation of automated external defibrillators (AEDs) at workplaces will also propel the market’s growth.
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The key end-use segments of the global defibrillators market are emergency medical services, hospitals, homes, business workplaces, and public or community access areas. Hospitals hold more than 90% of the market. The huge demand for defibrillators across hospitals can be attributed to the increasing number of ICD implantations and growing demand for ALS defibrillators. In the years to come, the number of AED installations across big hospitals is anticipated to increase further. AEDs have been widely adopted owing to the ease in operation.