North America Defibrillators Market Demand, Sales and Consumption Status and Growth Opportunities

AVON, Colo. - Aug. 13, 2019 - PRLog -- With technological advancements, surging aging population, growing prevalence of cardiac diseases, and increasing demand for automated external defibrillators (AED), (http://bit.ly/2ZWF1Sl) the North American defibrillators market is expected to grow considerably. The market generated a revenue of $6.1 billion in 2017 and is predicted to advance at a CAGR of 4.9% during the forecast period (2018–2023). Defibrillators are medical devices used for administering an electric shock to bring back the normal cardiac rhythm in people suffering from cardiac arrest or arrythmias.

In 2017, the hospitals, clinics, and cardiac centers classification contributed the largest revenue of $3.2 billion to the market and is projected to continue leading it during the forecast period. This can be attributed to the significant number of cardiac arrest cases, which are boosting the demand for AEDs, ICDs, and wearable defibrillators in such settings. Geographically, the U.S. is anticipated to dominate the defibrillators market in North America during the forecast period. Growing SCA cases, rising usage of AEDs in hospitals and schools, and government initiatives to provide training and create awareness on defibrillation are propelling the U.S. market.

Technological advancements are one of the key factors driving the North American defibrillators market (http://bit.ly/2ZWF1Sl). For instance, S-ICDs are less complicated and reduce the risk associated with conventional ICDs, such as chances of vascular obstruction, cardiac perforation, thrombosis, and infection due to conventional ICD wiring. These benefits of S-ICDs have accelerated their adoption in the region, thereby driving the market growth.

Therefore, with technological advancements in defibrillators, the market is expected to flourish during the 2018–2023 period.

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