Defibrillators Market to Reach US$14.2 Billion by 2019 : Transparency Market Research

Albany, NY, Dec. 11, 2014 (GLOBE NEWSWIRE) -- The Global Defibrillator Market Reached a total worth of US$9.3 billion in 2012. After an estimated CAGR of 6.2% from 2013 to 2019, the market will reach a value of US$14.2 billion in 2019.

A research document titled "Defibrillators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", published by Transparency Market Research, covers all key foundations and structures of growth in the defibrillators market.

The report provides statistical information that displays the increasing number of cardiovascular disorders and its direct relation with the aging population from the baby boomer era in the United States.

The Market is shown to be driven by a growing demand from emerging nations in the Asia Pacific and Middle East regions, where more workplaces and business environments are installing automated external defibrillators. This is expected to benefit the defibrillators market in the near future.

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The report also holds a segmented view of the global defibrillators market according to product types and end users. By product, the report identifies Advanced Life Support (ALS) defibrillators, Implantable Cardioverter Defibrillators (ICDs), Automated External Defibrillators (AEDs), and wearable defibrillators.

The report shows that the largest market share in 2012 was held by implantable defibrillator devices, which showed the highest revenue gain. The ALS defibrillators held second place.

Foreseen factors for growth in the ALS defibrillators segment are a global increase in healthcare infrastructure, along with improving technologies to build state of the art hospitals and ambulances.

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The report provides critical market estimators for the end user segment of the defibrillators market for the forecast period. The end users such as hospitals, public access, home, business workplace, and emergency medical services. Almost 90% of the end users segment was held by hospitals in 2012.

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The end user sectors of business workplace and public access are expected to show a rapid growth rate in the forecast period.

Government initiatives, especially in North America, are expected to increase awareness about the feasibility and the overall advantages of possessing AEDs in the event of sudden cardiac arrest will also prove to be a significant driver for the defibrillators market.

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The Report identifies North America as the geographically dominant player in the Defibrillators Market. It is expected to maintain a leading rank throughout the forecast period.

The report also explores the top companies in the global defibrillators market including St. Jude Medical Inc., Medtronic Inc., Philips Healthcare, Boston Medical Corporation, and Zoll Medical Corporation.

Legislative work that would make AED installation mandatory and the incorporation of Samaritan Laws that grant immunity to the prime respondent are expect to promote the defibrillators market in Europe.

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Source:Transparency Market Research