Home > Healthcare > Medical Devices > Therapeutic Devices > Defibrillators Market

Defibrillators Market Size

Report ID: GMI5495
Published Date: Mar 2023
Report Format: PDF

Download Free Sample

Defibrillators Market Size

Defibrillators Market size exceeded USD 11 billion in 2022. The industry is estimated to expand at over 6.5% CAGR from 2023 to 2032, driven by surging incidences of sudden cardiac arrests and heart failures

To get key market trends

Download Free Sample

The industry demand is primarily fueled by the mounting prevalence of cardiac diseases. One of the main risk factors for illness progression and high mortality rates is tachycardia. The rising occurrence and prevalence of these disorders and their subsets, including atrial fibrillation, ventricular tachycardia, supraventricular tachycardia (SVT), and ventricular fibrillation, are anticipated to drive business growth.

Defibrillators Market Report Attributes
Report Attribute	Details
Base Year:	2022
Defibrillators Market Size in 2022:	USD 11billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.9%
2032 Value Projection:	USD 22.5 billion
Historical Data for:	2018 to 2022
No. of Pages:	320
Tables, Charts & Figures:	874
Segments covered:	Product, End-use, and Region.
Growth Drivers:	Rising prevalence of cardiac diseases Technological advancements and introduction of innovative devices Increasing public awareness Increasing demand for wearable cardioverter defibrillators
Pitfalls & Challenges:	High cost of the devices Product recalls

Learn more about the key segments shaping this market

Download Free Sample

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global Market size for defibrillators was valued at more than USD 11 billion in 2022 and is primed to progress at over 6.5% CAGR between 2023 and 2032 propelled by surging incidences of sudden cardiac arrests and heart failures.

The implantable cardioverter defibrillator (ICD) segment held over 71% revenue share in 2022 as a result of the broad variety of product diversity, expanded application possibilities, and technical breakthroughs.

The hospitals end-use segment is anticipated to witness growth at more than 7% CAGR over 2023-2032 owing to increasing cases of cardiac arrest, the surge in need for ICD implantation procedures, and the accessibility of highly skilled healthcare personnel.

Europe market for defibrillators is slated to reach a value of over USD 6 billion by the end of 2032 accredited to rising occurrences of tachycardia due to hypertension, obesity, and dyslipidemia, among the elderly population in the region.