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iCrowdNewswire Jan 25, 2021 7:00 AM ET

Defibrillators Pads Market Trends and Size, Forecast Analysis by 2023


iCrowd Newswire - Jan 25, 2021

The global defibrillators pads market is majorly driven by the high prevalence of cardiovascular diseases, increasing advancement in surgeries, and growing penetration by market players. Additionally, factors such as initiatives taken by the government to increase the quality of healthcare, innovations in medical devices, and availability of skilled personnel are likely to spur the growth of the market.

The defibrillators pads market is projected to register a CAGR of 5% during the forecast period. The defibrillation process is used as a treatment in ventricular fibrillation, pulseless ventricular tachycardia, and cardiac arrhythmia. A defibrillator is used for delivery of an electric shock to the heart that causes depolarization of the heart muscles and re-establishes normal conduction of the heart’s electrical impulse.

Segmentation

The global defibrillators pads market is segmented on the basis of product, age group, distribution channel, and end-user. According to the product, the market is segmented into manual external, manual internal, automatic external, and others.

Considering the age group, the market is segmented into pediatric defibrillator pads and adult defibrillator pads.

According to the distribution channel, the market is segmented into online pharmacy, retail pharmacy, hospital pharmacy, and others.

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On account of end-user, the market is segmented into pre-hospital services, hospitals and clinics, alternate care facilities, the public access market, and the home healthcare services market. Based on region the market is segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa. 

Regional Analysis

The Americas dominates the global defibrillators pads market owing to the increasing geriatric population, which leads to hypertension and metabolic disorders that trigger the occurrence of cardiovascular disorders. Additionally, increasing fast-food chains, the rate of obesity issues, addiction to alcohol, and tobacco and drugs along with rising government initiatives for the research and development of innovative and advanced products are likely to enhance the growth of defibrillators pads in the North American region.  For instance, the American Heart Association estimated that 31% of the deaths in the U.S. were due to cardiovascular disorders in 2014. The presence of some of the key players such as Boston Scientific, ASAHI INTECC Limited, and Cardinal health in this area adds up to the market growth.

Europe accounts for the second-largest market due to the increasing rate of cardiovascular disorders and established medical device market. Additionally, the increasing government support and increasing healthcare infrastructure along with the increasing per capita income of individuals are driving the growth of the defibrillators pads market in Europe. For instance, Eurostat estimated that over 19.2% of the population in Europe was aged 65 and above.

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Key Players

Some of the key players in the Defibrillators pads market are Medtronic, Cardiac Science Corporation, Koninklijke Philips N.V., Boston Scientific Corporation, Stryker Corporation, Cardinal Health, Biotronik SE & Co. KG, Defibtech, LLC., and  Mindray Medical.

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