HOME Top Market Reports Defibrillators Market by Product (Implantable Cardioverter Defibrillator (Single & Dual Chamber, CRT-D, & S-ICD) and External (Monitor/Defibrillator, AED, & Wearable)), by End User (Hospital, Pre-hospital, Public Access, & Home) - Global Forecast to 2019

Defibrillators Market by Product (Implantable Cardioverter Defibrillator (Single & Dual Chamber, CRT-D, & S-ICD) and External (Monitor/Defibrillator, AED, & Wearable)), by End User (Hospital, Pre-hospital, Public Access, & Home) - Global Forecast to 2019

By: marketsandmarkets.com
Publishing Date: January 2015
Report Code: MD 3124

 

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The global defibrillator market is estimated to grow at a CAGR of 6.9% in the forecast period. Factors such as development of technologically advanced defibrillator, rapid growth in aging population with high risk of target diseases, rising incidences of cardiovascular disease, growing focus of public and private organizations and key market players toward public access defibrillators, and increasing number of training and awareness programs across the globe are fuelling the growth of the market. However, lack of awareness about sudden cardiac arrest, issues related to the use of defibrillator devices (external and implantable), and unfavorable healthcare reforms in the U.S. are hampering growth of the growth. Furthermore, increasing pricing pressure on market players and frequent product recalls are the key challenges faced by defibrillators market players.

Emerging markets such as China, India, Brazil, and Mexico are the new revenue pockets for companies engaged in the development and marketing of defibrillator. Rapidly increasing aging population, growing focus of multinational companies on emerging markets, improving and modernizing healthcare infrastructure, and huge burden of cardiovascular disease in this region are the key factors propelling the demand for defibrillator in the emerging markets.

As of 2014, Medtronic, Inc. (U.S.) held the leadership position in defibrillator market. The other key players include St. Jude Medical, Inc. (U.S.), Boston Scientific Corporation (U.S.), BIOTRONIK SE & Co. KG (Germany), Sorin Group (Italy), Koninklijke Philips N.V. (Netherlands), ZOLL Medical Corporation (U.S.), Cardiac Science Corporation (U.S.), Physio-Control, Inc. (U.S.), Nihon Kohden Corporation (Japan), and HeartSine Technologies, Inc. (U.S.). These players focus on geographic expansions; new product launches; and acquisitions, partnerships, and contracts as their key business strategies to strengthen their presence in the market.

Scope of the report

This report categorizes the global defibrillator market into the following segments and subsegments:

By Product

  • Implantable Cardioverter Defibrillator (ICDs)
    • Transvenous Implantable Cardioverter Defibrillator (T-ICDs)
      • Single-chamber ICDs
      • Dual-chamber ICDs
    • Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs)
  • External Defibrillator
    • Manual External Defibrillator
    • Automated External Defibrillator (AEDs)
      • Semi-automated External Defibrillator
      • Fully-automated External Defibrillator
    • Wearable Cardioverter Defibrillator (WCDs)

By End User

  • Hospitals
  • Prehospitals
  • Public Access Markets
  • Alternate Care Markets
  • Homes

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Latin America
    • Middle East
    • Africa

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Defibrillator Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency and Pricing
    1.5 Limitations
    1.6 Defibrillator Market Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Rapid Growth of Aging Population
                    2.2.2.2 Burden of Cardiovascular Disease (CVD)
                    2.2.2.3 Healthcare Expenditure Patterns
                    2.2.2.4 Number of Hospitals
                    2.2.2.5 Increasing Number of Implant Procedures
           2.2.3 Supply-Side Analysis
                    2.2.3.1 Parent Market Analysis: Cardiac Rhythm Management (CRM) Devices Market
                    2.2.3.2 Key Strategy Adopted By Defibrillator Market Players
    2.3 Defibrillator Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Defibrillator Market Breakdown and Data Triangulation
    2.5 Research Assumptions and Limitations
           2.5.1 Assumptions
           2.5.2 Limitations

3 Executive Summary (Page No. - 39)
    3.1 Introduction
    3.2 Current Scenario
    3.3 Future Outlook

4 Premium Insights (Page No. - 46)
    4.1 Attractive Opportunities in the Defibrillator Market
    4.2 Defibrillator Market : By Product Segments
    4.3 Defibrillator Market : By Country, 2014
    4.4 Defibrillator Market : T-ICDS Market (2019)
    4.5 Defibrillator Market : Developed vs. Developing Nations
    4.6 Defibrillator Market in the Asia-Pacific Region

5 Market Overview (Page No. - 52)
    5.1 Introduction
    5.2 Defibrillator Market Segmentation
           5.2.1 Defibrillator Market, By Product
           5.2.2 Defibrillator Market, By End User
    5.3 Defibrillator Market Evolution
    5.4 Defibrillator Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Technological Advancements
                    5.4.1.2 Rapid Growth in Aging Population With Higher Risk of Target Diseases
                    5.4.1.3 Increasing Burden of Cardiovascular Diseases Across the Globe
                    5.4.1.4 Growing Focus of Public and Private Organizations and Key Market Players Towards Public Access Defibrillator
                    5.4.1.5 Increasing Number of Defibrillator Training Programs and Campaigns Across Geographies
           5.4.2 Restraints
                    5.4.2.1 Lack of Awareness About Sudden Cardiac Arrest (SCA) Across the Globe
                    5.4.2.2 Issues Related to the Use of Implantable and Automated External Defibrillator
                    5.4.2.3 Unfavorable Healthcare Reforms in the U.S.
           5.4.3 Opportunities
                    5.4.3.1 Emerging Markets Offer Numerous Opportunities
                    5.4.3.2 Home Use Defibrillator
                    5.4.3.3 Development of Subcutaneous Implantable Cardioverter Defibrillator (S-ICD)
           5.4.4 Challenges
                    5.4.4.1 Increasing Pricing Pressure on Market Players
                    5.4.4.2 Frequent Product Recalls
    5.5 Winning Imperatives
           5.5.1 Geographic Expansion in Emerging Markets

6 Industry Trends (Page No. - 66)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
           6.3.1 Key Stakeholders
           6.3.2 Key Influencers
    6.4 Industry Trends
           6.4.1 Development of Innovative, Easy-To-Use Products With Increased Longevity
           6.4.2 Mergers and Acquisitions to Strengthen Companies’ Market Positions
           6.4.3 Rising Demand for Automated External Defibrillator in the Public Access and Pre-Hospital Market
    6.5 Porter’s Five Forces Analysis
           6.5.1 Threat of New Entrants
           6.5.2 Threat of Substitutes
           6.5.3 Bargaining Power of Suppliers
           6.5.4 Bargaining Power of Buyers
           6.5.5 Intensity of Competitive Rivalry
    6.6 Strategic Benchmarking
           6.6.1 New Product Launch
           6.6.2 Increasing Focus of Key Defibrillator Market Players on Contracts and Tenders

7 Global Defibrillators Market, By Product (Page No. - 78)
    7.1 Introduction
    7.2 Implantable Cardioverter Defibrillator Market
           7.2.1 Transvenous Implantable Cardioverter Defibrillator (T-ICD)
                    7.2.1.1 Single-Chamber ICDS
                    7.2.1.2 Dual-Chamber ICDS
                    7.2.1.3 Biventricular ICDS/Cardiac Resynchronization Therapy Defibrillator (CRT-DS)
           7.2.2 Subcutaneous Implantable Cardioverter Defibrillator (S-ICDS)
    7.3 External Defibrillator
           7.3.1 Manual External Defibrillator
           7.3.2 Automated External Defibrillator (AEDS)
                    7.3.2.1 Semi-Automated External Defibrillator
                    7.3.2.2 Fully Automated External Defibrillator
           7.3.3 Wearable Cardioverter Defibrillator (WCDS)

8 Global Defibrillators Market, By End User (Page No. - 101)
    8.1 Introduction
    8.2 Hospitals
    8.3 Prehospital
    8.4 Public Access Market
    8.5 Alternate Care Market
    8.6 Home

9 Defibrillator Market, By Region (Page No. - 114)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
    9.3 Europe
           9.3.1 Germany
           9.3.2 U.K.
           9.3.3 France
           9.3.4 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 Japan
           9.4.2 China
           9.4.3 India
           9.4.4 Rest of Asia-Pacific
    9.5 Rest of the World (RoW)
           9.5.1 Latin America
           9.5.2 Middle East
           9.5.3 Africa

10 Competitive Landscape (Page No. - 158)
     10.1 Overview
     10.2 Defibrillator Market Share Analysis, By Key Player, 2013
             10.2.1 Key Players in the Implantable Cardioverter Defibrillator Market
             10.2.2 Key Players in the External Defibrillator Market
     10.3 Competitive Situation and Trends
             10.3.1 New Product Launches and Product Enhancements
             10.3.2 Agreements, Partnerships, Contracts, and Collaborations
             10.3.3 Mergers and Acquisitions
             10.3.4 Geographical Expansions
             10.3.5 Other Developments

11 Company Profiles (Page No. - 171)
     11.1 Introduction
     11.2 Medtronic, Inc.
             11.2.1 Business Overview
             11.2.2 Product Portfolio
             11.2.3 Key Strategy
             11.2.4 Recent Developments
             11.2.5 SWOT Analysis
     11.3 ST. Jude Medical, Inc.
             11.3.1 Business Overview
             11.3.2 Product Portfolio
             11.3.3 Key Strategy
             11.3.4 Recent Developments
             11.3.5 SWOT Analysis
     11.4 Boston Scientific Corporation
             11.4.1 Business Overview
             11.4.2 Product Portfolio
             11.4.3 Key Strategy
             11.4.4 Recent Developments
             11.4.5 SWOT Analysis
     11.5 Biotronik Se & Co.KG
             11.5.1 Business Overview
             11.5.2 Product Portfolio
             11.5.3 Key Strategy
             11.5.4 Recent Developments
     11.6 Sorin Group
             11.6.1 Business Overview
             11.6.2 Product Portfolio
             11.6.3 Key Strategy
             11.6.4 Recent Developments
     11.7 Philips Healthcare (A Division of Koninklijke Philips N.V.)
             11.7.1 Business Overview
             11.7.2 Product Portfolio
             11.7.3 Key Strategy
             11.7.4 Recent Developments
             11.7.5 SWOT Analysis
     11.8 Zoll Medical Corporation (A Subsidiary of Asahi Kasei Corporation)
             11.8.1 Business Overview
             11.8.2 Product Portfolio
             11.8.3 Key Strategy
             11.8.4 Recent Developments
             11.8.5 SWOT Analysis
     11.9 Cardiac Science Corporation (A Subsidiary of Opto Circuits India Limited)
             11.9.1 Business Overview
             11.9.2 Product Portfolio
             11.9.3 Key Strategy
             11.9.4 Recent Developments
     11.1 Physio-Control, Inc.
             11.10.1 Business Overview
             11.10.2 Product Portfolio
             11.10.3 Key Strategy
             11.10.4 Recent Developments
     11.11 Nihon Kohden Corporation
             11.11.1 Business Overview
             11.11.2 Product Portfolio
             11.11.3 Key Strategy
             11.11.4 Recent Developments
     11.12 Heartsine Technologies, Inc.
             11.12.1 Business Overview
             11.12.2 Product Portfolio
             11.12.3 Key Strategy
             11.12.4 Recent Developments

12 Appendix (Page No. - 202)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Company Developments
             12.3.1 Medtronic, Inc.
             12.3.2 ST. Jude Medical, Inc.
             12.3.3 Boston Scientific Corporation
             12.3.4 Biotronik Se & Co. KG
             12.3.5 Sorin Group
             12.3.6 Koninklijke Philips N.V.
             12.3.7 Zoll Medical Corporation
             12.3.8 Cardiac Science Corporation
             12.3.9 Physio-Control, Inc.
             12.3.10 Nihon Kohden Corporation
             12.3.11 Heartsine Technologies, Inc.
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports

List of Tables (77 Tables)

Table 1 Defibrillator Market Size, By Region, 2012–2019 ($Million)
Table 2 Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 3 Implantable Cardioverter Defibrillator Market Size, By Region, 2012–2019 ($Million)
Table 4 Implantable Cardioverter Defibrillators Market Size, By Product, 2012–2019 ($Million)
Table 5 Transvenous Implantable Cardioverter Defibrillator Market Size, By Region, 2012–2019 ($Million)
Table 6 Transvenous Implantable Cardioverter Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 7 Single-Chamber Implantable Cardioverter Defibrillators Market Size, By Region, 2012–2019 ($Million)
Table 8 Dual-Chamber Implantable Cardioverter Defibrillator Market Size, By Region, 2012–2019 ($Million)
Table 9 Cardiac Resynchronization Therapy Defibrillator Market Size, By Region, 2012–2019 ($Million)
Table 10 Subcutaneous Implantable Cardioverter Defibrillator Market Size, By Region, 2012–2019 ($Million)
Table 11 External Defibrillator Market Size, By Region, 2012–2019 ($Million)
Table 12 External Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 13 Manual External Defibrillators Market Size, By Region, 2012–2019 ($Million)
Table 14 Automated External Defibrillators Market Size, By Region, 2012–2019 ($Million)
Table 15 Automated External Defibrillators Market Size, By Product, 2012-2019 ($Million)
Table 16 Semi-Automated External Defibrillators Market Size, By Region, 2012–2019 ($Million)
Table 17 Fully Automated External Defibrillators Market Size, By Region, 2012–2019 ($Million)
Table 18 Wearable Cardioverter Defibrillators Market Size, By Region, 2012–2019 ($Million)
Table 19 Defibrillator Market Size, By End Users, 2012-2019 ($Million)
Table 20 Defibrillator Market Size for Hospitals, By Region, 2012-2019 ($Million)
Table 21 Defibrillator Market Size for Prehospital Care, By Region, 2012-2019 ($Million)
Table 22 Defibrillator Market Size for Public Access Markets, By Region, 2012-2019 ($Million)
Table 23 Defibrillator Market Size for Alternate Care Markets, By Region, 2012-2019 ($Million)
Table 24 Defibrillator Market Size for Homes, By Region, 2012-2019 ($Million)
Table 25 Defibrillator Market Size, By Region, 2012–2019 ($Million)
Table 26 North America: Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 27 North America: Implantable Cardioverter Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 28 North America: T-ICDS Market Size, By Product, 2012–2019 ($Million)
Table 29 North America: External Defibrillators Market Size, By Product, 2012–2019 ($Million)
Table 30 North America: Automated External Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 31 North America: Defibrillator Market Size, By Country, 2012–2019 ($Million)
Table 32 North America: Market Size, By End User, 2012–2019 ($Million)
Table 33 U.S.: Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 34 U.S.: Defibrillator Market Size, By End User, 2012–2019 ($Million)
Table 35 Canada: Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 36 Canada: Defibrillator Market Size, By End User, 2012–2019 ($Million)
Table 37 Europe: Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 38 Europe: Implantable Cardioverter Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 39 Europe: T-ICDS Market Size, By Product, 2012–2019 ($Million)
Table 40 Europe: External Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 41 Europe: Automated External Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 42 Europe: Defibrillator Market Size, By End User, 2012–2019 ($Million)
Table 43 Europe: Defibrillator Market Size, By Country, 2012–2019 ($Million)
Table 44 Germany: Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 45 Germany: Defibrillator Market Size, By End User, 2012–2019 ($Million)
Table 46 U.K.: Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 47 U.K.: Defibrillator Market Size, By End User, 2012–2019 ($Million)
Table 48 France: Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 49 France: Defibrillator Market Size, By End User, 2012–2019 ($Million)
Table 50 Rest of Europe: Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 51 Rest of Europe: Defibrillator Market Size, By End User, 2012–2019 ($Million)
Table 52 Asia-Pacific: Defibrillator MarketSize, By Product, 2012–2019 ($Million)
Table 53 Asia-Pacific: Implantable Cardioverter Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 54 Asia-Pacific: T-ICDS Market Size, By Product, 2012–2019 ($Million)
Table 55 Asia-Pacific: External Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 56 Asia-Pacific: Automated External Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 57 Asia-Pacific: Defibrillator Market Size, By End User, 2012–2019 ($Million)
Table 58 Asia-Pacific: Defibrillator Market Size, By Country, 2012–2019 ($Million)
Table 59 Japan: Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 60 Japan: Defibrillator Market Size, By End User, 2012–2019 ($Million)
Table 61 China: Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 62 China: Defibrillator Market Size, By End User, 2012–2019 ($Million)
Table 63 India: Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 64 India: Defibrillator Market Size, By End User, 2012–2019 ($Million)
Table 65 Rest of Asia-Pacific: Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 66 Rest of Asia-Pacific: Defibrillator Market Size, By End User, 2012–2019 ($Million)
Table 67 RoW: Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 68 RoW: Implantable Cardioverter Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 69 RoW: T-ICDS Market Size, By Product, 2012–2019 ($Million)
Table 70 RoW: External Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 71 RoW: Automated External Defibrillator Market Size, By Product, 2012–2019 ($Million)
Table 72 RoW: Defibrillator Market Size, By Region, 2012–2019 ($Million)
Table 73 Top 5 New Product Launches and Product Enhancements, 2012–2014
Table 74 Top 5 Agreements, Partnerships, and Collaborations, 2012–2014
Table 75 Top 5 Mergers and Acquisitions, 2012–2014
Table 76 Top 5 Geographical Expansions, 2012–2014
Table 77 Top 5 Other Developments, 2012–2014
 
List of Figures (73 Figures)
 
Figure 1 Research Design
Figure 2 Increase in Aging Population, By Country (2005 vs. 2010)
Figure 3 Percentage Increase in Aging Population, By Region (1980-2010 vs. 2010-2040)
Figure 4 Burden of CVD, By Region: From 2005 to 2030
Figure 5 Healthcare Expenditure Across Developed and Developing Nations: 2000 vs. 2012
Figure 6 Healthcare Spending Matrix, By Country (2012)
Figure 7 Healthcare Infrastructure: Number of Hospitals, By Country, 2010
Figure 8 Number of Implantable Defibrillator Units in Various Countries: 2011 vs. 2013
Figure 9 Defibrillator vs. Pacemakers
Figure 10 Key Strategy Adopted By Defibrillator Market Players
Figure 11 Bottom-Up Approach
Figure 12 Top-Down Approach
Figure 13 Assumptions of the Research Study
Figure 14 Limitations of Research Study
Figure 15 Defibrillators Product Market Snapshot (2014 vs. 2019): Automated External Defibrillator (AEDS) to Grow at the Highest CAGR From 2014 to 2019
Figure 16 CRT-D Devices Are Expected to Grow at the Highest Rate in the ICDS Market During the Forecast Period
Figure 17 Defibrillators Market, By End User, 2014
Figure 18 Defibrillators Market, By Region, 2014
Figure 19 Asia-Pacific to Grow at the Fastest Rate During the Forecast Period
Figure 20 Emerging Countries Offer Growth Opportunities for the Defibrillators Market
Figure 21 External Defibrillator to Grow at the Fastest Rate During the Forecast Period
Figure 22 U.S. Commands Over 35% of the Defibrillators Market in 2014
Figure 23 CRT-DS Will Continue to Dominate the North American T-ICDS Market in the Forecast Period
Figure 24 Developing Markets to Grow at A Faster Rate in the Coming Years
Figure 25 CRT-DS Command the Major Share of the Asia-Pacific Region
Figure 26 Defibrillators Market, By Product
Figure 27 Defibrillators Market, By End User
Figure 28 Evolution of Defibrillator
Figure 29 Defibrillators Market Drivers, Restraints, Opportunities, and Challenges
Figure 30 Value Chain Analysis (2013): Major Value is Added During Manufacturing Phase
Figure 31 Defibrillators Market: Supply Chain
Figure 32 Defibrillators Market Focusing on Technological Advancements to Offer Increased Longevity
Figure 33 Acquisitions in the Defibrillators Market in the Last Three Years
Figure 34 Porter’s Five Forces Analysis (2013): Presence of Large Number of Manufacturing Firms Increases Competition
Figure 35 Strategic Benchmarking: Major Companies Largely Adopted Product Development as A Key Growth Strategy
Figure 36 Contracts and Tenders Awarded to Defibrillators Market Players
Figure 37 External Defibrillator to Show High Growth in Forecast Period
Figure 38 CRT-DS and S-ICD Systems Have Numerous Opportunities for Growth in the Forecast Period
Figure 39 Benefits Offered By Single-Chamber ICDS Trigger Its Market Growth
Figure 40 Technological Advancements in Dual-Chamber ICDS to Drive the Market Growth in Future
Figure 41 Increasing Acceptance of CRT-DS is Fuelling the Growth of This Market
Figure 42 Limited Supply of S-ICD Systems is Restricting the Growth of This Market
Figure 43 Automated External Defibrillator to Grow at A Higher Rate Among External Defibrillators Market
Figure 44 Development of Technologically Advanced AED Devices is Negatively Affecting the Growth of the Defibrillators Market
Figure 45 Benefits Offered By Fully Automated External Defibrillator Restrict the Adoption of Semi-Automated External Defibrillator
Figure 46 Deployment and Installation of Fully Automated External Defibrillator is Fuelling the Market Growth
Figure 47 Growing Adoption Rate is Expected to Increase the Market of Wearable Cardioverter Defibrillator in Future
Figure 48 Defibrillators Market, By End Users
Figure 49 Hospitals Segment Commands the Lion’s Share of the Defibrillators Market
Figure 50 Increasing Number of Implantation Procedures Across the Globe Driving Market Growth
Figure 51 Increasing Funding, Launch of Training Programs to Provide Efficient Services is Propelling the Growth of the Prehospital Segment
Figure 52 Growing Awareness, Government Support Fuelling the Growth of the Public Access Segment
Figure 53 Lack of Well-Developed Healthcare Infrastructure in Emerging Countries Hinders the Growth of Alternate Care Market
Figure 54 Growing Importance of Home-Use Defibrillator Will Drive Its Growth in Future
Figure 55 Geographic Snapshot (2014): Asia-Pacific Region to Grow at the Highest CAGR
Figure 56 North America Market Snapshot (2014): High Burden of Cardiovascular Diseases is Driving the Market Growth
Figure 57 Growth in Aging Population and Rising Incidence of Cardiovascular Diseases Are Driving the Defibrillator Market in the U.S.
Figure 58 Europe Market Snapshot (2014): Increasing Prevalence of Cardiovascular Diseases Propelling Defibrillators Market Demand
Figure 59 Growing Cases of Cardiovascular Diseases is Propelling the Growth of the Defibrillators Market in the U.K.
Figure 60 Asia-Pacific Market Snapshot: Rapidly Growing Aging Population is Fostering Defibrillators Market Growth
Figure 61 Rapid Growth in Aging Population is Driving the Chinese Defibrillators Market
Figure 62 Leading Defibrillator Market Players Adopted New Product Launches and Product Enhancements as Growth Strategies Between 2012 and 2014
Figure 63 ICDS and External Defibrillator Market Share, By Key Player, 2013
Figure 64 Increasing Innovation in Defibrillator Technology is Stimulating Market Growth
Figure 65 ICD Market: Comparison of R&D Expenditures of Key Players in 2013
Figure 66 Medtronic, Inc.: Company Snapshot
Figure 67 ST. Jude Medical, Inc.: Company Snapshot
Figure 68 Boston Scientific Corporation: Company Snapshot
Figure 69 Sorin Group: Company Snapshot
Figure 70 Koninklijke Philips N.V.: Company Snapshot
Figure 71 Asahi Kasei Corporation: Company Snapshot
Figure 72 Opto Circuits India Ltd.: Company Snapshot
Figure 73 Nihon Kohden Corporation: Company Snapshot

On the basis of products, the defibrillator market is categorized into implantable cardioverter defibrillators (ICDs) and external defibrillator. The ICDs segment is further divided into transvenous implantable cardioverter defibrillators (T-ICDs) and subcutaneous implantable cardioverter defibrillators (S-ICDs). The T-ICDs segment is further classified into single-chamber ICDs, dual-chamber ICDs, and cardiac resynchronization therapy defibrillator (CRT-Ds). The external defibrillators segment is categorized into manual external, automated external (AEDs), and wearable cardioverter defibrillator (WCDs). The AEDs segment is further divided into semi-automated external and fully-automated external defibrillator. The ICDs segment is expected to account for the largest share of the global market in 2014. Factors such as technological advancements and new product launches, growing number of implant procedures, and increasing burden of cardiovascular disease are driving the growth of the global ICDs market.

On the basis of end users, the defibrillator market is divided into five major segments, namely, hospitals, prehospitals, public access markets, alternate care markets, and homes. The hospitals segment is expected to account for the largest share of the market in 2014. However, the homes end-user segment is expected to grow at the highest CAGR in the next five years, owing to the rising incidences of sudden cardiac arrest at home, development of home defibrillator, and growing awareness among patients regarding the benefits offered by these devices.

The global defibrillator market is estimated to grow $12.9 billion by 2019, at a CAGR of 6.9% from 2014 to 2019. Factors such as development of technologically advanced defibrillator, rapid growth in aging population with high risk of target diseases, rising incidences of cardiovascular disease, growing focus of public and private organizations and key market players toward public access defibrillator, and increasing number of training and awareness programs across the globe are propelling the growth of the market. However, lack of awareness about sudden cardiac arrest, issues related to the use of defibrillator devices (external and implantable), and unfavorable healthcare reforms in the U.S. are restraining the growth of this market. In addition to this, the increasing pricing pressure on market players and frequent product recalls are the key challenges faced by market players in the market.

On the basis of regions, this market is classified into North America, Europe, Asia-Pacific, and Rest of the World. In 2014, North America is expected to dominate the global defibrillators market. Growth of this region can be attributed to the technological advancements and product innovations, increasing number of public defibrillation programs, rising prevalence of obesity, and rising focus of key players to expand their business in the North American region. However, the Asia-Pacific market is expected to grow at the highest CAGR from 2014 to 2019, due to factors such as rapidly increasing aging population, growing focus of multinational companies on emerging markets, improving and modernizing healthcare infrastructure, and huge burden of cardiovascular disease in this region.

Agreements, contracts, and new product launches are the key strategies adopted by the major players to strengthen their position in the global defibrillators market. Moreover, strategies such as expansions, partnerships/joint ventures, collaborations, and strategic acquisitions were also adopted by a significant number of market players to strengthen their product portfolios and to expand their geographic presence in the market.

Medtronic, Inc. (U.S.), St. Jude Medical, Inc. (U.S.), Boston Scientific Corporation (U.S.), BIOTRONIK SE & Co. KG (Germany), Sorin Group (Italy), Koninklijke Philips N.V. (Netherlands), ZOLL Medical Corporation (U.S.), Cardiac Science Corporation (U.S.), Physio-Control, Inc. (U.S.), Nihon Kohden Corporation (Japan), and HeartSine Technologies, Inc. (U.S.) are the key players operating in the global defibrillators market.

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