Defibrillators Market Size & Share, by Product Type {Implantable Cardioverter, Automated External, Implantable Cardioverter, Advanced Life Support, Wearable Cardiac}, End-user (Hospitals, Medical Centers, Homecare) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

Growth Drivers

• Growing Prevalence of Lifestyle Diseases Such as Hypertension and Diabetes - It was observed that, diabetes prevalence was estimated at 9.2% (460 million people) in 2019, and it is expected to increase to 10% (570 million) by 2030. Life style diseases such as hypertension, obesity, dyslipidemia, and diabetes, which are leading causes for cardiovascular disease, are also on the rise in the population. Developing CVDs is strongly correlated with high blood pressure levels. Thus the rising cases of lifestyle diseases are expected to fuel global defibrillator market during the forecast period.
• Increase in the Geriatric Population Around the Globe - A recent report from the World Bank states that there were be 747,238,580 people over 60 years of age living in the world at the end of 2021. The number is expected to increase in the future.
• Rise in Medical Expenditures Worldwide - Healthcare expenditures in the United States increased by 9.7% to USD 4.1 trillion in 2020, representing 19.7% of GDP, according to the Centers for Medicare & Medicaid Services. Moreover, U.S. healthcare spending is expected to rise to USD 6.2 trillion by 2028, an increase of 5.4% annually.
• Affective Training Programs and Awareness Campaigns About Defibrillators - For instance, an automated external defibrillator (AED) training program offered by the American Red Cross allows professionals to learn how and when to use AEDs.
• Incidence of Spinocerebellar Ataxia (SCA) Around the Globe - It was observed that approximately 3 cases of SCA are reported to occur for every 10 thousand people throughout the world.

Challenges

• Unawareness of Sudden Cardiac Arrest Among People – The unhealthy lifestyle has prompted the increase of cases of sudden cardiac arrest and heart attacks. However, people are not aware of the sudden cases and tend to avoid the signals. This trend is expected to slow down the utilization of defibrillators in the upcoming years.
• Issues Associated with the Use of an Automated External Defibrillator
• Availability of Non-Branded Local Defibrillators