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External Defibrillator Market By Top International Players are Asahi Kasei Corporation, Philips Healthcare, Defibtech, LLC, Cardiac Science, Stryker, CU Medical System Inc., Medtronic, Boston Scientific Corporation
Government initiatives aimed at the betterment of the healthcare sector are expected to propel growth in the global “external defibrillator market”. Fortune Business Insights in a report, titled “External Defibrillator: Global Market Analysis, Insights and Forecast, 2019-2026” offers exclusive insights into the market, highlighting opportunities and threats alike. External defibrillator devices are used to deliver shock therapy to patients suffering from sudden cardiac arrests. The growing focus on public access defibrillator or (PAD) by private organizations is expected to drive the market. Also, the rising prevalence of cardiovascular disorders is projected to help expand the global market in the coming years. The global market was worth US$ 3152.5 Mn in 2018 and is projected to reach US$ 6463.0 Mn by 2026. At this pace, the global market will exhibit a CAGR of 9.4% during the forecast period.
Leading Players operating in the External Defibrillator Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
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The report covers:
Asahi Kasei Leads the Market with its Diverse Product Portfolio
As per the report, the leading player in the global external defibrillator market is Asahi Kasei Corporation. The company boasts a diverse product portfolio in wearable as well as automated defibrillator segments. In addition to this, the company has achieved an efficient customer reach over the years and provides an impressive after-sales service. The company, along with Philips Healthcare, covers more than half of the market in terms of their revenue.
Launch of novel external defibrillators are expected to increase the share in the global market by 2026. For instance, Stryker launched an AED called LIFEPAK CR2 in the U.S. in April 2016. This device is Wi-Fi enabled and offers efficient remote patient monitoring. Also, Swansea City Football Club launched a defibrillator program in March 2018. This program was initiated with an aim to offer 24-hour emergency care for football players.
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