Automated External Defibrillator Market Growing due to Rising Geriatric Population and Cardiac DiseaA Story by Pramod AryaThe global automated external defibrillator (AED) market was valued at $1,476.0 million in 2018 and is expected to reach $3,991.5 million by 2030, advancing at a CAGR of 8.8% during 2020–2030.The key driver behind the advancement of the market is the rising occurrence of cardiac diseases, especially among the geriatric population. AED is a lightweight, portable device, which is used to deliver a shock to the heart, to stop an irregular heart beat (arrhythmia) and bring back the sinus rhythm, after a sudden cardiac arrest (SCA). The increasing population of the elderly is one of
the most significant factors driving the automated external defibrillator
(AED) market. Globally, it has been witnessed that the U.S. has the fastest
growing geriatric population, after China and Japan, and, the major cause of
mortality in the elderly is coronary heart disease (CHD). Thus, the growing
number of the elderly has increased the demand for AEDs, and it is projected
that the need for various types of such equipment would further boost the
growth of the market during the forecast period. The automated external defibrillator (AED) market is competitive in nature, and the existing players are adopting various strategic measures, such as product launches, and mergers and acquisitions, to maintain their position in the market. The strategies are helping companies develop innovative and advanced the AEDs to assist the public, which automatically increases the focus of healthcare professionals and patients on using them. Thus, the demand for upgrading the technology and introducing advanced products is boosting the market growth prospects. Globally, North America is projected to account for the largest revenue share in the automated external defibrillator (AED) market in 2030. This can be attributed to the existence of established players in the market, rising geriatric population, and increasing awareness among people about the usage of AEDs during a cardiac arrest. Other regions, such as Asia-Pacific (APAC), Latin America (LATAM), and Middle East and Africa (MEA), also hold considerable shares in the market. © 2021 Pramod Arya |
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Added on May 21, 2021 Last Updated on May 21, 2021 Tags: automated external defibrillator, outlook, Size, automated external defibrillator AuthorPramod AryaNoida, UP, IndiaAboutAbout P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plin.. more..Writing
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