Huge Growth Expected in Automated External Defibrillator Market in Future

The global automated external defibrillator market was valued at $1,476.0 million in 2018 and is expected to reach $3,991.5 million by 2030, advancing at a CAGR of 8.8% during 2020–2030 (forecast period).

The key driver behind the advancement of the market is the rising occurrence of cardiac diseases, especially among the geriatric population. AED is a lightweight, portable device, which is used to deliver a shock to the heart, to stop an irregular heart beat (arrhythmia) and bring back the sinus rhythm, after a sudden cardiac arrest (SCA).

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The increasing population of the elderly is one of the most significant factors driving the automated external defibrillator (AED) market. Globally, it has been witnessed that the U.S. has the fastest growing geriatric population, after China and Japan, and, the major cause of mortality in the elderly is coronary heart disease (CHD). Thus, the growing number of the elderly has increased the demand for AEDs, and it is projected that the need for various types of such equipment would further boost the growth of the market during the forecast period.

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The automated external defibrillator (AED) market is competitive in nature, and the existing players are adopting various strategic measures, such as product launches, and mergers and acquisitions, to maintain their position in the market. The strategies are helping companies develop innovative and advanced the AEDs to assist the public, which automatically increases the focus of healthcare professionals and patients on using them. Thus, the demand for upgrading the technology and introducing advanced products is boosting the market growth prospects.

This study covers

• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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