Defibrillators Market worth $11.7 billion by 2025

[Healthcare News]

Market growth influenced due to following factors-

• Emerging markets and the development of S-ICDs and MRI-compatible ICDs and CRT-Ds.
• Growing focus on providing public-access defibrillators, and training and awareness programs on defibrillators.

Global market size-

 According to the new market research report Defibrillators Market is projected to reach USD 11.7 billion by 2025, growing at a CAGR of 3.4%.

Leading Players-

Prominent players in the defibrillators market include Medtronic (Ireland), St. Jude Medical (US), Boston Scientific (US), Koninklijke Philips N.V. (Netherlands), ZOLL Medical (US), BIOTRONIK (Germany), Physio-Control (US), Nihon Kohden (Japan), SCHILLER AG (Switzerland), Mindray Medical (China), Mediana (South Korea), and METsis Medikal (Turkey).

Top Segments-

On the basis of type, the defibrillators market is segmented into implantable cardioverter defibrillators (ICDs) and external defibrillators. The ICDs market is further segmented into transvenous implantable cardioverter defibrillators (T-ICDs) and subcutaneous implantable cardioverter defibrillators (S-ICDs).

On the basis of end users, the defibrillators market is segmented into hospitals, clinics, and cardiac centers; prehospital care settings; public access markets; alternate care facilities; and home care settings.

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Geographic Overview -

The large share of the North American external defibrillator market can mainly be attributed to the continuous technological advancements and product innovations, increasing number of public defibrillation programs, and rising focus of key players to expand their business in the North American region.