Defibrillators Market Trends, Segmentation, Growth Drivers and Forecast Report by 2030

NEW YORK - Nov. 5, 2020 - PRLog -- There has been a sharp rise in the prevalence of cardiac diseases all over the world over the last few years. This is because of the rising consumption of fast foods and high-calorie food times, increasing adoption of sedentary lifestyles, rising incidence of smoking, and soaring obesity levels around the world. Moreover, the increasing stress levels being caused due to the rising peer pressure, growing financial responsibilities, and long working hours, especially in the developing countries, are further augmenting the incidence of various heart-related ailments and cardiovascular diseases (CVDs), which is, in turn, boosting the global demand for defibrillators.

The Nature Reviews Cardiology journal published an article titled 'Causes and Prevention of Sudden Cardiac Death in the Elderly' in 2013, which stated that sudden cardiac arrest (SCA) was one of the major causes of death in geriatric people in the U.S. This was because of the high incidence of CHDs, congestive heart failure (CHF), and systolic dysfunction in the elderly people. Due to these factors, the sales of defibrillators are rising rapidly throughout the world. As a result, the revenue of the global defibrillator market (https://www.psmarketresearch.com/market-analysis/defibril...) is predicted to grow from $9,621.2 million to $20,281.6 million from 2019 to 2030.

Further, according to the estimates of P&S Intelligence, a market research firm based in India, the market will advance at a CAGR of 7.2% between 2020 and 2030. External defibrillators and implantable cardioverter defibrillators (ICDs) are the two main types of defibrillators used across the world. Between them, the usage of the ICDs will be higher in the future years. This is ascribed to the rapid technological advancements and innovations being made in defibrillators. Furthermore, these devices are built for treating fast heart rates and restoring them to the normal levels and constantly monitoring the heart of a patient.

Hence, it can be said without any hesitation that the sales of defibrillators will surge all over the world in the upcoming years, because of the growing prevalence of chronic and cardiovascular diseases (CVDs) and the presence of a soaring geriatric population in many countries around the world.