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Global Automated External Defibrillator (AED) Market Size to Grow at a CAGR of 8.8% During the Forecast Period of 2023-2031

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The ‘Global Automated External Defibrillator (AED) Market Size, Share, Trends, Growth, Industry, Report and Forecast 2023-2031′ by Expert Market Research gives an extensive outlook of the global automated external defibrillator (AED) market, assessing the market based on its segments like product type, by type, end-use, and major regions. The report also provides a detailed insight into the market on the basis of patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnership and collaborations analysis.

The report studies the latest updates in the market, along with their impact across the market. It also analyzes the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.

Automated External Defibrillator (AED) Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2016-2031)

• Historical Market Size (2022): USD 1567.4 Million
• Forecast CAGR (2023-2031): 8.8%
• Forecast Market Size (2031): USD 3329.9 Million

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The global automated external defibrillator (AED) market is expected to witness significant growth due to the increasing prevalence of cardiovascular diseases, growing awareness about the importance of early defibrillation, and advancements in AED technology. However, the high cost of AED devices and stringent government regulations may pose challenges to the market growth. Technological advancements, such as improved battery life, dual-language support, and lightweight designs, are contributing to the increased adoption of AEDs. These innovations make AEDs more user-friendly and accessible, thereby driving market growth.

The continuous development in AED technology, such as dual-language support, lightweight devices, and improved battery life, is expected to boost the market growth. Moreover, government initiatives and public awareness campaigns to promote the use of AEDs in public places, workplaces, and educational institutions are likely to contribute to the market expansion. Public awareness campaigns and educational programs are increasingly emphasizing the significance of early defibrillation in improving survival rates in cases of sudden cardiac arrest. This growing awareness is expected to boost the adoption of AEDs across various settings, including public spaces, workplaces, and educational institutions.

Automated External Defibrillator (AED) Industry Definition and Major Segments

An automated external defibrillator (AED) is a portable electronic device used to detect life-threatening cardiac arrhythmias and deliver a therapeutic electric shock to restore normal heart rhythm. AEDs are designed for use by non-medical personnel in emergency situations.

Read Full Report with Table of Contents –https://www.expertmarketresearch.com/reports/automated-external-defibrillator-market

Based on product type, the market is segmented into:

• Semi-Automated
• Fully Automated

Based on type, the market is segmented into:

• Wearable
• Non-Wearable

Based on end-use, the market is classified into:

• Hospitals
• Public Access
• Emergency Medical Services
• Homecare
• Others

Based on region, the market is segregated into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Automated External Defibrillator (AED) Market Trends

The key trends in the global automated external defibrillator (AED) market include the increasing adoption of AEDs in public places, educational institutions, and workplaces. Government initiatives, such as mandatory installation of AEDs in public spaces, are expected to drive the market growth.

Technological advancements, such as smartphone applications to locate nearby AEDs and training programs to educate the public on the proper use of AEDs, are expected to further fuel the market growth. Moreover, the development of lightweight and user-friendly AED devices with improved battery life and dual-language support is anticipated to boost the demand for AEDs.

Key Market Players

The major players in the global automated external defibrillator (AED) market report are

Koninklijke Philips N.V.
Cardiac Science Corporation
Nihon Kohden Corporation
ZOLL Medical Corporation
Stryker Corporation
Physio-Control, Inc.
others

The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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