Global Defibrillator Market to Surpass $22.76 Billion by 2031: Trends and Foreca

1. Defibrillator Market Poised to Reach $22.76 Billion by 2031: Key Growth Insights

2. Defibrillator Market – 2024-2031 The defibrillator market is on a growth trajectory, as highlighted by the latest report from Meticulous Research®. The market is expected to reach $22.76 billion by 2031, growing at a CAGR of 6.9% from 2024 to 2031. This growth is driven by the increasing burden of cardiovascular diseases, the rise in obesity, and the adoption of sedentary lifestyles. Technological advancements in defibrillator devices are also playing a crucial role in the market's expansion. The development of advanced devices, such as the CellAED personal defibrillator by Rapid Response Revival Research Ltd, has improved the chances of surviving a sudden cardiac arrest. This handheld device is portable, easy to use, and requires no special medical training. However, the market faces challenges, including the lack of skilled professionals to operate these devices and the increasing number of product recalls due to malfunctions. For instance, Medtronic plc's recall of its ICDs and CRT-Ds in July 2023 due to the risk of low or no energy output during high voltage therapy highlights the need for continuous improvement in device safety and reliability. In conclusion, the defibrillator market is poised for significant growth driven by technological advancements, increasing cardiovascular disease rates, and an aging population. While challenges such as a shortage of skilled professionals and product recalls need to be addressed, the overall outlook remains positive. As technology continues to evolve and healthcare systems adapt, defibrillators will play a crucial role in improving cardiovascular health outcomes globally. Key Players The key players profiled in the defibrillator market report are Medtronic plc (Ireland), Boston Scientific Corporation (U.S.), Abbott Laboratories (U.S.), Biotronik Se & Co., Kg (Germany), LivaNova plc (U.K.), Stryker Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), Nihon Kohden Corporation (Japan), Progetti Srl (Italy), Fukuda Denshi Co., Ltd. (Japan), Schiller AG (Switzerland), and ZOLL Medical Corporation (U.S.). Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=3596 Key questions answered in the report: • Which are the high-growth market segments in terms of defibrillators by product, age group, end user, and geography? • What was the historical market for defibrillators across the globe? • What are the market forecasts and estimates for the period 2024–2031? Page 1 of 2 © Meticulous Research| sales@meticulousresearch.com

3. Defibrillator Market – 2024-2031 • What are the major drivers, restraints, opportunities, and challenges in the defibrillator market? • Who are the major players operating in the defibrillator market? • What is the competitive landscape like, and who are the leaders in the defibrillator market? • What are the recent developments in the defibrillator market? • What are the different strategies adopted by the major players in the defibrillator market? • What are the geographical trends and high-growth regions/countries? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 © Meticulous Research| sales@meticulousresearch.com