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Automated External Defibrillator Market Size

Report ID: GMI8509
Published Date: Mar 2024
Report Format: PDF

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Automated External Defibrillator Market Size

Automated External Defibrillator Market size was valued at around USD 1.3 billion in 2023 and is expected to reach around USD 2.4 billion by 2032 at a CAGR of 7.1% during the forecast period. The market is expected to experience growth driven by the surging expenditure on the R&D by private sector coupled with the increasing advancements in product technology.

Automated External Defibrillator Market

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Continuous technological innovation results in AEDs featuring intuitive interfaces, incorporating visual and audio prompts for simplified operation. For instance, the Philips HeartStart FR3 AED boasts a responsive touchscreen and clear voice instructions, facilitating swift and accurate usage even in high-stress situations. Modern AEDs leverage smart monitoring and connectivity, enabling real-time tracking of device status, battery life, and operational readiness. The ZOLL AED 3, equipped with WiFi and cellular capabilities, allows remote monitoring and sends alerts for necessary maintenance, ensuring optimal performance.

Automated External Defibrillator Market Report Attributes
Report Attribute	Details
Base Year:	2023
Automated External Defibrillator Market Size in 2023:	USD 1.3 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	7.1%
2032 Value Projection:	USD 2.4 Billion
Historical Data for:	2018 - 2023
No. of Pages:	165
Tables, Charts & Figures:	251
Segments covered:	Product Type, Patient, End-use, and Region
Growth Drivers:	Rising prevalence of cardiovascular diseases Technological advancements Surging expenditure on the R&D by private sector Increasing public awareness
Pitfalls & Challenges:	Stringent regulations Product recalls

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Furthermore, increased private sector investment in research and development further accelerates technological breakthroughs in AEDs. Robust R&D initiatives foster innovation, driving the creation of more advanced and reliable AED models that can contribute to improved survival rates in sudden cardiac arrest incidents, driving the market's growth.

An Automated External Defibrillator (AED) is a portable, electronic device designed to analyze the heart's rhythm and deliver an electric shock to restore a normal heartbeat in the event of sudden cardiac arrest. These devices play a crucial role in providing timely intervention, as they can quickly assess the heart's rhythm, determine the need for defibrillation, and deliver a controlled electric shock to the heart to correct irregular rhythms.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global automated external defibrillator market was valued at around USD 1.3 billion in 2023 and is expected to reach around USD 2.4 billion by 2032 at a CAGR of 7.1%, driven by the surging expenditure on the R&D by private sector coupled with the increasing advancements in product technology.

The prehospital care segment held a significant market share in 2023 and is expected to register a CAGR of 7.5% through 2032, owing to the demand for immediate attention required during cardiac emergencies, particularly instances of sudden cardiac arrest (SCA).

North America automated external defibrillator market accounted for USD 474.3 million in 2023 and will continue to grow through 2032, attributed to the presence of major industry players in the region, surging prevalence of chronic heart diseases, and supportive government initiatives.

Amiitalia, Asahi Kasei Group, BPL Medical Technologies Pvt Ltd., CU Medical Germany GmbH, Meditech Group, Mindray Medical International Limited, Nihon Kohden Corporation, Koninklijke Philips N.V., Schiller AG, and Stryker Corporation.