Increasing prevalence of cardiovascular diseases across the globe to drive the growth of global automated external defibrillator market
According to TechSci Research report, “Global Automated External Defibrillator Market By Product Type, By Technology, By Patient Type, By End User, By Region, Competition, Forecast & Opportunities, 2025”, the global automated external defibrillator market is expected to grow at a steady rate during the forecast period on account of the rapid growth in the aging population and increasing product awareness among the population. However, stringent FDA regulations and issues regarding the wearability of defibrillators can hamper the growth of market during forecast period.
India smartwatch market is expected to grow at a significant rate during the forecast period. The growth of India smartwatch market is attributable to availability of high-speed internet connection and current smartphone revolution in the country. Some other factors that are anticipated to drive the growth of smartwatch market in the country over the coming years are growth concerns pertaining to health and presence of large number of key market players such as such as Xiaomi, Samsung, Apple, Google, and others. Moreover, due to wide range of body and health monitoring capabilities, swimmers, cyclists, gym-goers and athletes are rapidly adopting the use of smartwatches, thereby boosting the growth of smartwatch market in the country. However, high initial cost can act as a major impediment to the growth of India smartwatch market in the next 5 years.
Based on product, India smartwatch market can be segmented into extension, standalone, classical and others. Among these, the standalone segment dominated the market until 2019, in terms of largest market share and is further anticipated to witness high growth in the coming years as well attributable to the features such as wireless operations, sim card acceptance & can be used as mobile phone, and to access the internet.
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Industry Players :
Major players in the India smartwatch market include Apple, Inc., Fitbit Inc., Samsung Electronics Co., Ltd, Sony Corporation, Fossil Group, Inc., Huawei Technologies Co., Ltd., Titan Co. Ltd., Casio India Co Pvt Ltd, Xiaomi Corporation, Nokia Corporation (Withings) and others. The key players in the market are focusing on collaborations in order to expand their market share.
The global automated external defibrillator market is segmented based on product type, technology, patient type, end user, region and company. Based on technology, the market can be divided into semi-automatic and fully automatic. The fully automatic segment is expected to dominate the market during forecast period since fully automatic automated external defibrillators are best suited for patients suffering from sudden cardiac arrest that require less or no technical information, reduce the time for shock reliving, and require no mechanical force while conducting the procedure. Based on patient type, the market can be categorized into adult and pediatric. The adult patient type is expected to dominate the market on account of the growing trend of increasing geriatric population who are more susceptible to cardiac diseases.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
- To analyze and forecast the market size of global automated external defibrillator market.
- To classify and forecast global automated external defibrillator market based on product type, technology, patient type, end user, company and regional distribution.
- To identify drivers and challenges for global automated external defibrillator market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automated external defibrillator market.
- To identify and analyze the profile of leading players operating in global automated external defibrillator market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global automated external defibrillator market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
“North America is expected to dominate the automated external defibrillator market during the forecast period, owing to the improved healthcare infrastructure, presence of established players, surging geriatric population, among others in the region. Additionally, instances of cases related to cardiovascular diseases and associated health problems are on a surge in the region which is further expected to propel the automated external defibrillator market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Key Target Audience:
- Automated external defibrillator manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to automated external defibrillator
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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