Wearable Cardioverter Defibrillator Market by Implant Type (Implantable Cardioverter Defibrillator (ICD), External Cardioverter Defibrillator) By End-User (Hospital, Clinic, Outpatient Centres) and by Region: Industry Analysis, Market Share, Revenue Opportunity, Competition and Forecast 2018 To 2026

Overview

Wearable Cardioverter Defibrillator Market Introduction

Wearable cardioverter defibrillator is used to send an electrical current to the heart to normalize heart rhythm in ventricular fibrillation (abnormal rhythm in the ventricles of the heart). There are 2 types of defibrillators which can be external (automated external) or internal (implantable) defibrillators. An automated external defibrillator is an external system that provides an electrical current to restore normal heart rhythm. The external shock sent to the heart through pads placed on the chest and implantable cardioverter defibrillator, it sends a shock to the heart from inside the body by an implantable cardioverter defibrillator.

Wearable Cardioverter Defibrillator Market Overview

Rising prevalence of heart diseases and heart attacks are expected to fuel the traction of the market. Wearable defibrillator is shown to increase the survival rate of heart patients and improve the health condition. Heart diseases pose a high risk for sudden heart attacks and require continuous monitoring. It led to a huge economic burden on government bodies and increased the dependency of healthcare systems on technologies to minimize the cost burden. This process led to the development of wearable cardioverter defibrillators. Additionally, increasing awareness and changing demographics of the general population boosted the burgeoning growth of the market. Further, the market is expected to witness huge capital investments from public sectors fuelled the R&D investments during the forecast period.

Global market is dominated by North America due to high per capita healthcare expenditure and well-established reimbursement policies. It was followed by Europe due to high awareness among the general population. The Asia Pacific is expected to remain a fast growing region due to increasing adoption and it is majorly dominated by local manufacturers. The Asia Pacific is expected to remain as most opportunistic space for international manufacturers. Latin America and Rest of the world market are expected to account a small fraction of market share with a high growth rate during the forecast period.

Wearable Cardioverter Defibrillator market players include Zoll Medical Corporation, Moda Health, Asahi Kasei Corporation, Element Science, Inc. and others

Wearable Cardioverter Defibrillator Market Segmentation

By Implant Type

+ Implantable Cardioverter Defibrillator (ICD)

+ External Cardioverter Defibrillator

By End User

+ Hospital

+ Clinic

+ Outpatient Centres

By Region

+ North America

+ Latin America

+ Europe

+ Asia Pacific

+ Rest of the World

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:

• To provide with an exhaustive analysis on the global Wearable Cardioverter Defibrillator Market by Implant Type, By End-User, and by Region

• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies