Hyderabad, India -- (SBWire) -- 02/05/2018 --Market Data Forecast has announced the latest addition of "Defibrillators Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2017–2022)" to their offering.
A defibrillator is used to treat cardiovascular diseases like ventricular fibrillation and non-perfusing ventricular tachycardia by sending an electric shock wave to heart and thereby stopping dysrhythmias through depolarization. According to the report, the global defibrillators market size is expected to reach USD 14.24 billion by 2022 at a CAGR of 7.3% from an expected value of 10 Billion in 2017. This growth can be attributed to the availability of technologically advanced defibrillators and growing focus of private and public organizations towards public access defibrillation.
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Defibrillators Market: Drivers and Challenges:
Some of the major factors driving the growth of global defibrillators market are increasing geriatric population, rise in incidences of cardiovascular diseases and growing awareness towards the treatments available for cardiovascular diseases. However, high price and lack of awareness towards defibrillators among people are some of the factors that are hindering the market growth.
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Regional Overview
On an geographical perspective, currently the North America holds the lead position in the global market owing to the presence of several key players in the regional boundries. However, the Asia-Pacific with its increase in geriatric population is expected to record highest CAGR in the forecast period.The report also provides insights at country-level within each region.
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Medtronic became the first company to receive the FDA approval for an implantable cardioverter defibrillator (ICD) system for use with magnetic resonance imaging (MRI) scans. Some of the other players in this market include St. Jude Medical, Inc., Boston Scientific Corporation, BIOTRONIK SE & Co. KG, LivaNova PLC, Koninklijke Philips N.V., ZOLL Medical Corporation, Cardiac Science Corporation, Physio-Control Inc., and Nihon Kohden Corporation.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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