The lifestyle of people has changed drastically over the past few years, and the surging consumption of high-calorie food, sedentary lifestyle, increased obesity levels, and growing consumption of tobacco has resulted in the rising incidence of heart-related ailments. While before heart-related diseases used to affect aged people, these days, youngsters and adults are also being affected by these diseases. As per the World Health Organization, about 17.9 million people died because of cardiovascular diseases in 2016, which represented 31% of the total number of deaths across the globe.
Attributed to this, the demand for defibrillators is increasing around the world. Defibrillators are medical devices which are needed for restoring normal heartbeat by sending an electric shock or pulse to the heart. They are majorly utilized for preventing or correcting arrhythmia, a heartbeat which is uneven, too fast or too slow. These devices can also be of help if the heart stops suddenly. According to a report by P&S Intelligence, the global defibrillator market size is predicted to $20,281.6 million by 2030, rising from $9,621.2 million in 2019, and is projected to advance at a 7.2% CAGR during the forecast period (2020–2030).
This is due to the fact that sudden cardiac arrest affects adults more than pediatric patients. As per the American Heart Association’s statistics, the number of out-of-hospital cardiac arrests among adults was 347,322 in 2018, whereas, it was 7,037 among pediatric patients. The major end users of defibrillators are home care settings, hospitals, clinics, and cardiac centers, public access settings, and pre-hospital care settings. Out of these, hospitals, clinics, and cardiac centers made the most use of defibrillators during 2014–2019, owing to the rising adoption of innovative defibrillation technologies that provide higher efficiency.
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