According to FutureWise analysis the market for Cardioverter Defibrillator Devices in 2023 is US$ 13.17 billion, and is expected to reach US$ 19.79 billion by 2031 at a CAGR of 5.20%.
Defibrillators help restore heartbeat after cardiac arrest by sending electrical shock waves to the heart. A variety of external defibrillator devices are available in the market. High-risk patients who do not have pacemaker implantation operations and are at risk of ventricular arrhythmia can benefit greatly from these devices.
An increased risk of cardiovascular disease is associated with high blood pressure, diabetes, obesity, and other factors. Arrhythmia is a condition in which the heartbeat is fast, slow or uneven. Cardiology defibrillators can also be used as pacemakers for patients whose heartbeats are not uniform. However, only newer defibrillators come with this feature. People experiencing sudden cardiac arrest are increasingly using Automated External Defibrillators (AEDs) in public places as the government installs more and more AEDs. Healthcare practitioners are increasingly recommending implantable defibrillators, which is fueling the demand for these devices. Patients who have not yet received surgical implantation and are at high risk of experiencing a cardiac arrest may benefit greatly from such devices.
Additionally, defibrillators coming on the market nowadays are technologically more advanced. Not only are they lighter and smaller, but their batteries last longer as well. Wearing this device is more convenient for patients, and it increases the accuracy of shock detection.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Cardioverter Defibrillator Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Cardioverter Defibrillator Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.