Defibrillator is used to prevent the sudden cardiac attack. Heart muscles require continuous supply of blood for proper functioning. When the supply of blood to the artery is decreased cardiac arrhythmias and heart attack may occur. Specially used for ventricular fibrillation and non-perfusing ventricular tachycardia. These conditions occur due to the disruption of normal electrical impulse that controls the heart rate and pumping action. Defibrillator sends an electrical current to the heart which is used to restart the normal functioning of heart. Defibrillator treatment is given for the patients only when there is a high risk of sudden heart failure or sudden cardiac death. Normally Defibrillator used for outpatient.
Defibrillator market growth is taking pace due to rapidly growing geriatric patients who are very susceptible to cardiac diseases, increased incidents of cardiac diseases, technological advancements in defibrillators, and growing awareness in sudden cardiac arrest. Two of the most important advancements are development of automated external defibrillator (AED) and implantable cardioverter defibrillator (ICD).
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Defibrillator market is divided into-
- Product type
- Implantable Cardioverter Defibrillators
- Single Chamber Implantable Cardioverter Defibrillator
- Dual Chamber Implantable Cardioverter Defibrillator
- External Defibrillator
- Manual
- Automated
- Wearable
- End-users
Hospitals, cardiac clinics and home care.
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And on the basis of geographical regions defibrillator market is segmented into following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is expected to major share in defibrillator market mainly due to the well-established healthcare infrastructure and increase in incidence of cardiac diseases and obesity. Furthermore, factors such as increased awareness about sudden cardiac arrest and other heart diseases in the U.S. contributes defibrillator market growth in North America region. Asia-Pacific region is expected to be fastest growing due to increased obese patients, people with cardiac diseases, rapid development in healthcare infrastructure coupled with increased government and public spending on healthcare especially in emerging markets like India and China. Increase in awareness about utility of defibrillators in the Middle-East, especially in U.A.E and the support from government is contributing to growth of defibrillators market in Middle East and Africa region. On the contrary to above growing factors, situations such as frequent product recalls, increase in pricing pressure on players, and lack of awareness about sudden cardiac arrest (SCA) are hampering the market of defibrillators.
Some of the important players in defibrillator market include Medtronic (U.S.), Abbott Laboratories (U.S.), Asahi Kasei Corporation (ZOLL Medical Corporation) (Japan), LivaNova PLC (U.K), Physio-Control, Inc. (U.S.), Nihon Kohden Corporation (Japan), BIOTRONIK SE & Co. KG (Germany), Koninklijke Philips N.V. (Netherlands), and Boston Scientific Corporation(U.S.) to name a few. In 2016, Life-Assist, Inc. Partnered with Koninklijke Philips N.V. to distribute its automated external defibrillators and patient monitors in the western U.S. Similarly, in 2016 USFDA approved Medtronic’s Visia AF single-chamber implantable cardioverter defibrillators for tachycardia management.
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Defibrillator market is very dynamic in nature. Defibrillator market is dominated by very few players, hence to enhance their sales revenue, companies are adopting strategies such as mergers and acquisitions, collaborations and partnerships. For e.g. in 2012, Asahi Kasei has acquired ZOLL Medical Corporation for approximately $ 2.21billion to expand their healthcare business globally. Similarly, in 2016, Aurora Resurgence, an affiliate of Aurora Capital Group (Los Angeles), a U.S.-based private equity firm acquired the assets of Cardiac Science Corporation. Various defibrillators manufacturers, non-governmental and government organizations installed public access defibrillators (PAD) in private and public places such as airports, malls, and schools in U.S., Australia, Canada, U.K and UAE to increase their adoption.
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