- The key vendors in the Global Defibrillator Market 2014-2018 are BIOTRONIK GmbH & Co. KG, Boston Scientific Corp., Medtronic Inc., Philips Healthcare and St. Jude Medical Inc.
London, 04 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Defibrillator Market 2014-2018. One of the key trends in this market is the increase in the use of multifunction defibrillators. Other parameters that can be monitored with the help of the current multifunctional defibrillators include SPO2, blood pressure, and CO2. The Global Defibrillator market is expected to grow at a CAGR of 6.27 percent during the forecast period of 2013-2018.
Defibrillators are cardiovascular devices that deliver therapeutic doses of electrical energy in the form of electric shocks to the heart muscles to restore the heartbeat to a normal rhythm. They are used for the treatment of life-threatening cardiac dysrhythmias, pulseless ventricular tachycardia, and ventricular fibrillation. They are also used for controlling irregular heart rhythm, preventing heart failure, and treating patients at risk for sudden cardiac arrest.
The high prevalence of cardiovascular diseases such as bradycardia, sick sinus syndrome, atrioventricular blocks, ventricular fibrillation, and cardiac arrest; increasing demand for MI treatments; advances in technology; growing awareness of the risk of sudden cardiac arrest; and increased installation of AEDs for public access in workplaces and malls are factors propelling the growth of the market.
“Automated External Defibrillators have life-saving potential and, hence, legislation requiring the installation of defibrillators in public areas has been passed by the governments of several countries,” says Faisal Ghaus, Vice President of TechNavio Research.
“Special training is being imparted to people in workplaces, schools, and medical facilities in countries such as Japan, the UK, and the US to operate AEDs.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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