Automated External Defibrillators Market Drivers and Forecasts by 2030

The automated external defibrillator market size is projected to grow from US$ 1,556.21 million in 2022 to US$ 2,207.94 million by 2030; the market is estimated to record a CAGR of 4.5% from 2022 to 2030. Technological advancements are likely to remain key trends in the market.

Automated External Defibrillators Market Analysis

Product innovations will provide lucrative opportunity for the market growth in the coming years. Further, the rising incidence of cardiac arrest accelerates demand for automatic external defibrillators, driving market growth. For example, companies launching innovative products by the company is an influential factor responsible for accounting for considerable market growth during 2020-2030. Technological advancements are likely to remain key trends in the market.

Automated External Defibrillator Market Overview

Homecare automated external defibrillator has gained significant attention worldwide. HomeCare HK AED Game is an example of a homecare AED. The HomeCare HK AED Game is a lightweight portable device that sends electric shock through the chest and such device can be efficiently and safely utilize for sudden cardiac arrest to respond quickly. Therefore, homecare AED will gain a considerable share in the coming years.

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Automated External Defibrillators Market: Strategic Insights

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Automated External Defibrillator Market Drivers and Opportunities

Rising Incidence of Cardiac Arrest Accelerate Demand for Automated External Defibrillators to Favor Market

According to the Sudden Cardiac Arrest Foundation report, there are more than 356,000 out-of-hospital cardiac arrest (OHCA) annually in the US. Additionally, in Singapore, more than 3,000 people suffer from sudden cardiac arrest annually with more than 80% in residential and public settings as per the statistics revealed by the Singapore Heart Foundation report. Therefore, with rising cases of sudden cardiac arrest, Automated External Defibrillator (AED) helps to restore heart rhythm by sending an electric shock. AEDs are capable to automatically detect two forms of cardiac arrhythmias. These involve ventricular fibrillation and pulseless ventricular tachycardia. Further, AED machines are becoming highly available in public settings due to their affordability. The cost of AED has decreased a lot in the past few years accelerating adoption worldwide. Therefore, the rising incidence of cardiac arrest accelerates demand for automated external defibrillators acting as the major drivers accounting for considerable market share.

Innovative Product Launches Provide Lucrative Market Opportunity

• In March 2024, Stryker, announced the launching of "LIFEPAK CR2 AED" a defibrillator designed to empower rescuers to provide high-quality CPR and deliver instant shock during sudden cardiac arrest (SCA) emergencies.
• In January 2023, Avive Solutions, Inc. announced US Food and Drug Administration (USFDA) pre-market approval for "Avive AED" a unique Automated External Defibrillator (AED). To improve the survival rates, the Avive Connect AED was designed for easy placement across several locations, optimize maximum connectivity, and extensively tested for ease-of-use.
• In April 2024, WEL Medical announced launching of "DefibSafe 3 (DS3)", a new generation of AED with IP66 weather protecting rating. The DS3 features a temparature management system that maintains the optimum performance of AEDs and managing battery & pads effectively. Such advanced device ensures that the device remains at peak readiness, even if it is located within extreme outdoor environment.

Therefore, innovative product launches is seen to leave a positive impact on the market, as it has an opportunity for the manufacturers.

Automated External Defibrillators Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automated external defibrillators market analysis are type and end user.

• Based on type, the automated external defibrillators market is segmented as fully-automated external defibrillators and semi-automated external defibrillators. The fully automated external defibrillators segment held a larger market share in 2022.
• By end user, the market is segmented into hospitals & clinics, homecare, and others. The hospital & clinics segment held the largest share of the market in 2022.

Automated External Defibrillators Market Share Analysis by Geography

The geographic scope of the Automated External Defibrillator market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the market. In North America region, the US accounts largest share for automated external defibrillators market. Presence of top manufacturers in the region and their innovative technologically advanced automated external defibrillators are the factors contributing to the dominance of the market. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.

Automated External Defibrillators Market Regional Insights

The regional trends and factors influencing the Automated External Defibrillators Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Automated External Defibrillators Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Automated External Defibrillators Market Report Scope

Automated External Defibrillators Market Players Density: Understanding Its Impact on Business Dynamics

The Automated External Defibrillators Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Automated External Defibrillators Market are:

1. Shenzhen Mindray Bio-Medical Electronics Co.
2. Ltd
3. Stryker
4. BPL Medical Technologies Pvt Ltd
5. Schiller AG
6. Mediana Co.

Disclaimer: The companies listed above are not ranked in any particular order.

Automated External Defibrillators Market News and Recent Developments

The Automated External Defibrillators market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Automated External Defibrillator market are listed below:

• Defibtech a US manufacturer of life-saving medical equipment announced the launching of the next evolution automated CPR device "ARM XR". The ARM XR is intended for use by emergency medical professionals to treat patients having sudden cardiac arrest.  (Source: Defibtech (Nihon Koden Corporation), Company Website, April 2023)

Automated External Defibrillators Market Report Coverage and Deliverables

The “Automated External Defibrillators Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

• Automated External Defibrillator market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Automated External Defibrillator market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Automated External Defibrillator market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Automated External Defibrillator market
• Detailed company profiles