Global Automated External Defibrillator (AED)
Market is expected to grow rapidly over the forecast period. These are
transportable electronic devices which automatically detects and identifies
cardiovascular diseases in patients and cure them through defibrillation. In
sudden cardiac arrest, heartbeat stops suddenly and might result in death. Yet,
it is different from a heart attack. The heart stops beating as its electrical
system gets affected in a sudden cardiac arrest. While, a heart attack occurs
due to blockage in the blood vessels which results in the disturbance in blood
flow. Hence, an automated external defibrillator gives an electric shock to
bring back the regular cardiac rhythm of the patient.
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Major factor driving the global automated external
defibrillator market include rising occurrences of cardiovascular diseases and
increased geriatric population. Other factors which boost the market demand are
changing demographics, increased levels of stress, pollution, inadequate eating
habits and work station exposure to dangerous compounds such as extreme cold,
smoke and lead. Few healthcare regulatory agencies such as Medicare and
Medicaid Services, the CDC, Agency for Healthcare Research and Quality and
European Heart Agency have taken initiatives which is expected to benefit the
overall demand for automated external defibrillator over the next seven years.
Furthermore, extensive availability of medical amenities for patients suffering
from sudden cardiac arrest and development in medical technology also drive the
overall market. Rising installations of publically accessible AED, increasing
awareness about the lifesaving prospective of AED and growth in the number of
patients suffering from sudden cardiac arrests have also supported in the
increase in market size of AEDs.
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| Automated External Defibrillator (AED) Market |
Global automated external defibrillator market is segmented
based on technology and end user. On the basis of technology, it is classified
as semi-automated and fully automated external defibrillators. On the basis of
end user, the market is segmented into five categories namely, hospitals, pre
hospitals, public access, alternate care and home. Automated external
defibrillators play a vital role in saving the lives of patients suffering from
sudden cardiac arrest. Bearing this potential in mind, legislations have been
passed which require installations of public access defibrillators (PAD) in
Japan, the U.S. and some European countries. The external cardiac
defibrillators is one of the fastest emerging segment while
internal/implantable cardiac defibrillators segment is one of the largest
segment. Rising awareness in the health care segment of The U.S. also accounts
for the growth in external cardiac defibrillators.
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North America automated external defibrillators demand
accounted for the majority of the overall market in 2014. North America has
been benefitted mainly due to the increasing prevalence of cardiovascular
disorders and the rapidly developing technology in Canada and The U.S.
Recently, Japan and North America markets are anticipated to grow at a
relatively slower pace on account of a certain amount of saturation in the
market. North America was followed by Europe and China. Asia Pacific market is
also expected to witness a fast growth over the forecast period. Association
with Chinese, Korean and Indian companies for economical but high in quality
production of devices coupled with outsourcing marketing is projected to be the
major factors accounting for the growth in this region. Other factors such as
growing medical tourism, installation of manufacturing units, huge untapped
market, rising volumes of procedure and high scope for improving infrastructure
are expected to play a significant role in driving the demand for automated
external defibrillators market over the next seven years.
Major industry participants are investing in research &
development to come up with innovative production techniques to cater to the
existing hindrances in the market. Major industry participants include Boston
Scientific Corporation, Defibtech, General Electric Company, Heart Sine Technologies
Inc., Koninklijke Philips N.V., Cardiac Science Inc., Biotronik GmbH & Co.
KG, Nihon Kohden Corporation, St. Jude Medical Inc., Welch Allyn, GE Healthcare
Ltd., Sorin Spa, Medtronic Inc., Philips Healthcare and ZOLL Medical
Corporation. Boston Scientific Corporation is ground breaking in innovating and
quick introduction of highly advanced FDA accepted products. In 2014, it
launched Inogen X4 CRT-D and Dynagen X4 device that was intended for higher PNS
threshold, prolonged battery life and easier placement. ZOLL Medical
Corporation provides an exclusive light weight wearable external defibrillator
(Life Vest) on provisional basis by patients suffering from long-term
arrhythmic condition, to let physicians precisely evaluate the condition and
make well informed decisions without conceding on the safety of the patient.
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