Defibrillators Market Size, Share, and Trends 2024 to 2034

Defibrillators Market Size and Companies

The global defibrillators market size accounted for USD 7.99 billion in 2024 and is expected to reach around USD 17.25 billion by 2034, expanding at a CAGR of 8% from 2024 to 2034. The North America defibrillators market size reached USD 3.11 billion in 2023. Due to the increased incidence of cardiovascular diseases among the aging population, there is a greater need for defibrillators as these individuals are more prone to cardiac events.

Defibrillators Market Key Takeaways

• North America held the largest share of 42% in the defibrillators market in 2023.
• Asia Pacific has accounted for 21% market share in 2023 and it is expected to witness the fastest growth during the forecast period.
• By product, the Implantable cardioverter defibrillators (ICDs) segment holds the largest share of 52% in 2023.
• By product, the External Defibrillators (ED) segment has accounted market share of 48% in 2023.
• By end use, the hospital segment held the dominant share of around 79.30% in 2023.
• By end use, the public access market segment is expected the fastest growth during the forecast period.

U.S. Defibrillators Market Size and Growth 2024 to 2034

The U.S. defibrillators market size was estimated at USD 2.18 billion in 2023 and is predicted to be worth around USD 5.19 billion by 2034, at a CAGR of 8.2% from 2024 to 2034.

North America holds the largest share of the defibrillators market. Significant technological advances in defibrillator devices have been made available to the market, such as the creation of automated external defibrillators (AEDs) with improved features, including integrated CPR feedback, real-time monitoring, and Wi-Fi connectivity for data transfer. Regulatory agencies like the food and drug administration (FDA) in the US have strict policies and rules in place to guarantee the security and effectiveness of defibrillator devices.

For the participants of the defibrillators market to sell their goods in the area, adherence to these rules is necessary. Organizations operating in the market consistently allocate resources toward research and development in order to launch novel items that exhibit enhanced functionality, dependability, and user-friendliness. Innovation is concentrated in a few areas, including software algorithms, electrode design, and battery technological advancements.

Asia Pacific is also expected to witness the fastest growth during the forecast period in the global defibrillators market. Due to the rising incidence of cardiovascular illnesses and the increased use of defibrillator devices in a variety of healthcare settings, the market has been developing. The governments of a number of Asia Pacific nations have been making investments in the construction of healthcare infrastructure and putting plans into place to increase access to healthcare services, especially emergency medical attention.

Significant technological improvements in the defibrillators market have been made, including the creation of portable and automated external defibrillators (AEDs), which are being used more frequently in public locations, including sports arenas, airports, train stations, and retail centers.

Market Overview

Globally, cardiovascular diseases (CVDs) continue to be one of the main causes of death. One important symptom of CVDs is sudden cardiac arrest (SCA), which raises the need for defibrillators. Technological developments such as wearable defibrillators, implanted cardioverter defibrillators (ICDs), and automated external defibrillators (AEDs) have significantly advanced the defibrillators market.

Defibrillator devices are now more effective, portable, and user-friendly because of these advancements. Increased emphasis has been placed on defibrillator use and cardiopulmonary resuscitation (CPR) through awareness campaigns and training programs. Defibrillators are now more widely available to the public thanks to their installation in public areas, companies, and schools.

The defibrillators market has been stimulated by government initiatives to improve cardiac emergency response systems and by rules requiring the placement of defibrillators in public areas. For instance, several nations have put laws into place mandating that AEDs be available at specific public locations. Increasing healthcare spending, especially in industrialized nations, has made modern medical devices like defibrillators more widely used.

The defibrillators market is marked by fierce competition between major competitors, which encourages ongoing product innovation and tactical alliances. In addition, there has been some market consolidation as a result of acquisitions and mergers by industry leaders. Defibrillator makers should expect substantial development prospects as a result of the increased urbanization, changing lifestyles, and improved healthcare infrastructure observed in emerging economies.

Defibrillators Market Growth Factors

• The defibrillators market is primarily driven by the rising incidence of heart disorders and abrupt cardiac arrests. Defibrillators are in greater demand as the population ages and lifestyle issues like obesity and unhealthy eating habits grow more common. These variables increase the likelihood of cardiac attacks.
• A growing body of knowledge about the critical role that early defibrillation plays in saving lives has prompted the establishment of initiatives and training programs designed to teach the general people and medical professionals how to use defibrillators. Defibrillators are being used more frequently in workplaces and public areas as a result of this raised awareness.
• Defibrillators are becoming more and more necessary as the world's aging population becomes more vulnerable to cardiovascular ailments. Defibrillators and other cardiac monitoring and intervention tools are more important as the older population rises in order to properly handle cardiac-related situations.
• Increasing spending on healthcare, especially in developing nations, has made modern medical devices like defibrillators more widely used. The expansion of healthcare facilities and investments in infrastructure have further fueled the growth of the defibrillators market.
• Defibrillator technology has been continuously innovated due to intense competition among market competitors, resulting in the creation of increasingly effective and user-friendly devices. By meeting a variety of end-user needs, product diversification through features like wireless connectivity, real-time monitoring, and integrated data management systems has grown the defibrillators market.

Market Scope

Defibrillators Market Dynamics

Driver

Rising awareness about sudden cardiac arrests

Rising awareness about sudden cardiac arrests is a significant driver for the defibrillators market. PAD programs are increasingly being implemented by governments, healthcare institutions, and communities globally. The goal of these programs is to increase the accessibility of defibrillators in public areas, including schools, workplaces, sports complexes, and airports. Defibrillators are widely placed in various areas, making them more accessible during crises and possibly saving more lives. Automatic external defibrillators, or AEDs, are made to be simple to operate, even for non-medical personnel.

The addition of intelligent elements like real-time feedback and connectivity to emergency services improves defibrillator efficacy in saving lives. Understanding initiatives by advocacy groups and healthcare organizations, combined with media coverage of high-profile events involving sudden cardiac arrest, have helped raise public understanding of the use of defibrillators. Thus benefiting the defibrillators market.

Restraint

Maintenance and replacement costs

High maintenance and replacement expenditure can inhibit the growth of the defibrillators market. The kind and features of the device determine the defibrillator's initial purchasing price. Compared to advanced cardiac life support (ACLS) defibrillators used in hospitals and other medical facilities, automated external defibrillators (AEDs), which are frequently utilized in public places, are typically less expensive. Effective defibrillator operation requires training for medical staff.

Moreover, upgrades in the defibrillators market require the operators to undergo frequent training. Training expenditures include initial staff training and continuing education to maintain competency. Healthcare facilities also consider the total cost of ownership (TCO), which includes defibrillator replacement and maintenance during the device's lifetime, in addition to the initial purchase price.

Opportunity

Telemedicine and remote patient monitoring

Within the defibrillator market, the telemedicine and remote patient monitoring segment has been expanding quickly. This expansion has been driven by factors including the aging population, increased prevalence of cardiovascular disorders, and improvements in telecommunication technologies. By integrating with telemedicine systems, medical practitioners can evaluate patients' heart problems from a distance, offer consultations, and modify treatment programs as needed.

Regulators such as the European Medicines Agency (EMA) in Europe and the Food and Drug Administration (FDA) in the United States have created guidelines for the development and approval of telemedicine and remote monitoring systems in medical devices, including defibrillators.

Product Insights

The ICDs segment holds the largest share of 52% in 2023. Sophisticated medical devices called implantable cardioverter defibrillators, or ICDs, are made to monitor cardiac rhythm and provide treatment when potentially fatal arrhythmias are identified. They are frequently administered to individuals who have ventricular fibrillation or tachycardia, which puts them in danger of abrupt cardiac arrest. ICD technology is constantly evolving, resulting in devices with longer battery lives, more compact designs, better sensor capacities, and sophisticated algorithms for arrhythmia identification and treatment administration.

The demand for ICDs is driven by the rising prevalence of cardiovascular disorders, including those that put a person at risk for sudden cardiac arrest. The market for ICDs is boosted by factors including aging populations, sedentary lifestyles, and bad dietary habits, which all contribute to the increased occurrence of cardiac problems.

Heart conditions, including heart failure and coronary artery disease, are becoming more common as the world's population ages. Defibrillators are becoming more and more popular since an aging population is more likely to have arrhythmias that require ICD installation. The demand for ICDs is driven by raising knowledge of the value of early diagnosis and management of cardiac arrhythmias through educational campaigns and initiatives by governmental and healthcare organizations. 

The defibrillator industry is fiercely competitive, with a number of well-known companies vying for market dominance through innovative product development, business alliances, and international expansion. Businesses spend money on R&D to release ICDs with cutting-edge technology, which increases competition and propels market expansion.

End-use Insights

The hospital segment held the dominant share of the defibrillator market and is expected to maintain this dominance during the forecast period. One of the main places defibrillators are utilized is in hospitals. They are commonly located in critical care settings such as operating rooms, intensive care units, and emergency departments. Hospitals purchase high-quality defibrillators because they can save lives, and this ensures that they have the tools they need to react fast to cardiac emergencies.

The defibrillators market is made up of a variety of devices, including external defibrillators used in ambulances and hospitals, implanted cardioverter-defibrillators (ICDs), and automated external defibrillators (AEDs). They frequently compete on the basis of features including new product development, dependability, user-friendliness, and post-purchase assistance and service.

The public access market segment is expected the fastest growth during the forecast period. The term "public access market" for defibrillators describes the accessibility and availability of these devices in public areas, including shopping centers, schools, sports arenas, airports, and other community sites. Defibrillators are vital medical equipment that shock the heart with electricity in the event of sudden cardiac arrest (SCA), which can happen outside of hospitals and frequently in public areas.

Defibrillators are positioned in high-traffic locations or areas where a lot of people congregate in order to increase the likelihood that one will be available when needed. Efforts are made to tell people about defibrillators' availability in their local areas and to increase public awareness of their significance.

Defibrillators Market Companies

• Medtronic
• Abbott
• Boston Scientific Corporation
• BIOTRONIK SE & Co. KG
• MicroPort Scientific Corporation
• Koninklijke Philips N.V.
• Stryker.
• ZOLL Medical Corporation

Recent Developments

• In April 2024, the Welsh Ambulance Service tested the use of drones to deliver defibrillators. This project called the Drone-Delivered Defibrillators study (or 3D project), is a partnership between the Welsh Ambulance Service, the University of Warwick, and SkyBound.
• In November 2023, the Indian government announced the installation of 50 automated defibrillators in public places. These initiatives involve 85 hospitals at district and taluk centers as spoke centers and create 10 hubs across 16 major hospitals in cities.

Segment Covered in the Report

By Product

• Implantable Cardioverter Defibrillators (ICD)
  • S-ICD
  • T-ICD
    • Single Chamber
    • Dual Chamber
    • CRT-D
• External Defibrillators (ED)
  • Manual ED
  • Automated ED
  • Wearable Cardioverter Defibrillators

By End-use

• Hospital
• Pre-hospital
• Public Access Market
• Alternate Care Market
• Home Healthcare

By Patient Type

• Adult
• Pediatrics

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa