Automated External Defibrillator (AED) Market Size, Share, Price, Trends, Growth, Industry Report and Forecast 2023-2028
The ‘Global Automated External Defibrillator (AED) Market Size, Share, Trends, Growth, Industry, Report and Forecast 2023-2031′ by Expert Market Research gives an extensive outlook of the global automated external defibrillator (AED) market, assessing the market based on its segments like product type, by type, end-use, and major regions. The report also provides a detailed insight into the market on the basis of patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnership and collaborations analysis.
The report studies the latest updates in the market, along with their impact across the market. It also analyzes the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Automated External Defibrillator (AED) Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2016-2031)
• Historical Market Size (2022): USD 1567.4 Million
• Forecast CAGR (2023-2031): 8.8%
• Forecast Market Size (2031): USD 3329.9 Million
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The global automated external defibrillator (AED) market is expected to witness significant growth due to the increasing prevalence of cardiovascular diseases, growing awareness about the importance of early defibrillation, and advancements in AED technology. However, the high cost of AED devices and stringent government regulations may pose challenges to the market growth. Technological advancements, such as improved battery life, dual-language support, and lightweight designs, are contributing to the increased adoption of AEDs. These innovations make AEDs more user-friendly and accessible, thereby driving market growth.
The continuous development in AED technology, such as dual-language support, lightweight devices, and improved battery life, is expected to boost the market growth. Moreover, government initiatives and public awareness campaigns to promote the use of AEDs in public places, workplaces, and educational institutions are likely to contribute to the market expansion. Public awareness campaigns and educational programs are increasingly emphasizing the significance of early defibrillation in improving survival rates in cases of sudden cardiac arrest. This growing awareness is expected to boost the adoption of AEDs across various settings, including public spaces, workplaces, and educational institutions.
Automated External Defibrillator (AED) Industry Definition and Major Segments
An automated external defibrillator (AED) is a portable electronic device used to detect life-threatening cardiac arrhythmias and deliver a therapeutic electric shock to restore normal heart rhythm. AEDs are designed for use by non-medical personnel in emergency situations.
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Based on product type, the market is segmented into:
• Fully Automated
Based on type, the market is segmented into:
Based on end-use, the market is classified into:
• Public Access
• Emergency Medical Services
Based on region, the market is segregated into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Automated External Defibrillator (AED) Market Trends
The key trends in the global automated external defibrillator (AED) market include the increasing adoption of AEDs in public places, educational institutions, and workplaces. Government initiatives, such as mandatory installation of AEDs in public spaces, are expected to drive the market growth.
Technological advancements, such as smartphone applications to locate nearby AEDs and training programs to educate the public on the proper use of AEDs, are expected to further fuel the market growth. Moreover, the development of lightweight and user-friendly AED devices with improved battery life and dual-language support is anticipated to boost the demand for AEDs.
Key Market Players
The major players in the global automated external defibrillator (AED) market report are
• Koninklijke Philips N.V.
• Cardiac Science Corporation
• Nihon Kohden Corporation
• ZOLL Medical Corporation
• Stryker Corporation
• Physio-Control, Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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