Albany, NY, April 07, 2016 (GLOBE NEWSWIRE) -- The Middle East and Africa defibrillators market is progressing at a CAGR of 7.60% between 2014 and 2020. The market is expected to reach US$547.8 mn by the end of 2020 after being recorded at US$209.6 mn in 2013, according to a research report released by Transparency Market Research. The report, titled “Defibrillators Market - Middle East and Africa Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast 2014 - 2020”, manifests the dynamic and rapidly growing structure of the MEA defibrillators market and provides a statistically guided market forecast.
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According to the report, the MEA defibrillators market is primarily driven by the growing population of patients with heart issues, particularly the elderly. The MEA defibrillators market pertains to the occurrence of a sudden cardiac arrest, in which scenario a defibrillator is used. A defibrillator functions by transmitting an electric shock across its surfaces. The shock of anywhere between 40 Joules and 400 Joules is given to the heart, which interrupts cardiac arrhythmia and reinitiates the heartbeat.Therefore, the report suggests that the growing number of instances of sudden cardiac arrest in MEA are boosting the MEA defibrillators market.
The MEA defibrillators market is still hampered by the lack of a substantial consumer base that speaks English. With the majority of the MEA region housing a non-English-speaking population, the international players in the global defibrillators market have a tough time entering the Middle East and Africa defibrillators market. This language barrier is currently being mitigated through the use of voice assistance in local languages, CPR guidance, and other inbuilt features. Due to the use of these modern instruments, the MEA defibrillators market is expected to maintain its growth trajectory for the time being.
According to the report, the 2013 MEA defibrillators market was led by advanced life support in the categorization by product type. However, the segment of automated external defibrillators is expected to show the fastest growth rate within the report’s forecast period. The intention of using AEDs by the first responder and the increasing incidence of cases where life support and defibrillators are needed is boosting the AED segment.
The segment of AEDs is expected to grow even faster due to the adoption of AEDs by the UAE Public Safety Department in first aid installations in government offices, zoos, malls, and other public places.The key players in the MEA defibrillators market are Welch Allyn, Inc., Schiller AG, Nihon Kohden Corporation, HeartSine Technologies, Inc., Zoll Medical Corporation, Physio-Control, Inc., and Philips Healthcare.
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One of the key issues for the MEA defibrillators market is the overall lack of awareness about CPR procedures and proper use of defibrillators. Due to this, manufacturers in the MEA defibrillators market tend to avoid using a personal distribution network, and instead appoint authorized representatives that eventually become the company’s face to stakeholders and involved personnel, including regulatory bodies and physicians.
Major companies in the Middle East and Africa defibrillators market include Philips Healthcare, Physio-Control, Inc., Zoll Medical Corporation, HeartSine Technologies, Inc., Nihon Kohden Corporation, Schiller AG, and Welch Allyn, Inc.
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Source:Transparency Market Research