Global Automated External Defibrillator (AED) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automated External Defibrillator (AED) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An Automated External Defibrillator (AED) is a portable electronic device that automatically diagnoses the life-threatening cardiac arrhythmias of ventricular fibrillation and ventricular tachycardia in a patient, and is able to treat them through defibrillation, the application of electrical therapy which stops the arrhythmia, allowing the heart to reestablish an effective rhythm.

Market Overview:

The latest research study on the global Automated External Defibrillator (AED) market finds that the global Automated External Defibrillator (AED) market reached a value of USD 1739.62 million in 2022. It’s expected that the market will achieve USD 2480.02 million by 2028, exhibiting a CAGR of 6.09% during the forecast period.

Drivers

The medical device market is one of the fastest growing market sectors in China with the industry maintaining double-digit growth for over a decade. In 2016, the medical device market reached $53.62 billion, an increase of 20.1 percent compared to 2015. 72.7% of this growth is fueled by hospital procurements.
In 2016, China’s total health expenditure was USD 663 billion, and accounted for 6 percent of China’s GDP, which is a far lower percentage than countries like the U.S. (17 percent), Germany (11 percent), Canada (10 percent), and Japan (10 percent). Health expenditure is expected to increase to between 6.5-7 percent by 2020. Globally, the medical device market is approximately 42 percent the size of the pharmaceuticals market. In China, however, the percentage is much lower at approximately 14 percent. This demonstrates the significant growth potential of the sector. In 2016, the medical device market in China reached 53.62 billion USDs, an increase of 20.1 percent compared to 2015. 72.7% of this growth is fueled by hospital procurement.
Mexico’s medical devices market is set to grow from $4.9 billion in 2015 to $6.5 billion by 2020, creating broader opportunities for medical device OEMs and their key suppliers.
An increasing population that is both adopting more unhealthy lifestyles and getting older is spurring growth in demand for medical technology, notes research and consulting firm GlobalData (London). Non-communicable diseases such as cardiovascular and respiratory ailments, metabolic disorders and cancer are on the rise, and Mexico’s healthcare infrastructure has had to grow to keep pace.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Physio Control is one of the major players operating in the Automated External Defibrillator (AED) market, holding a share of 26.37% in 2018.

Physio-Control, Inc. is engaged in the development, manufacture, sale, and service of external defibrillators/monitors, and emergency medical response products and services.

Royal Philips Electronics BV is based in the Netherlands. The Company's line of business includes providing healthcare, electronics, lighting, and consumer lifestyle products, focused on improving people's lives through innovation.

Segmentation Overview:

Among different product types, Standard Automated External Defibrillators segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Public Access segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Automated External Defibrillator (AED) market covered in Chapter 3:

Defibtech
Zoll
Mindray
Nihon Kohden
Physio Control
Metrax GmbH
Schiller
Cardiac Science
Philips

In Chapter 4 and Chapter 14.2, on the basis of types, the Automated External Defibrillator (AED) market from 2018 to 2029 is primarily split into:

Standard Automated External Defibrillators
Pediatric Automated External Defibrillators
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automated External Defibrillator (AED) market from 2018 to 2029 covers:

Hospitals
Public Access
Emergency Medical Services
Homes
Private Cardiac Clinics
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)