Defibrillators are devices which are used to restore normal heartbeat. It does this by sending an electric pulse or shock to the heart. These devices are used to prevent or correct an arrhythmia, which is an uneven heartbeat, (too fast or too slow). There are various types of defibrillators, like external and implantable, defibrillators. Defibrillators work on the principle of sending an electric current to the chest or wall heart. The device helps in stabilizing cardiac rhythm. In medical services it is considered as an effective resuscitation.
As of 2022 the Global Defibrillators Market is estimated to be valued at US$ 16,843.5 million and is expected to exhibit a CAGR of 5.7% during the year (2022-2030).
Market Leaders in the Defibrillators Industry:
1. Koninklijke Philips N.V.
Koninklijke Philips N.V. shortened to Philips is a multinational Conglomerate industry. It was founded in the year 15 May 1891 and the headquarters are located Amsterdam, Netherlands. Philips has a primary listing on the Euronext Amsterdam stock exchange. It was founded by Gerard and Anton Philips. Philip’s core products are consumer electronics and electrical products, like beauty and childcare appliances, computer accessories, MRI scanners and radiography equipment.
2. Medtronic
Medtronic plc. Is a medical device industry based in America. The company was founded in the year 1949 in Minneapolis by Earl Bakken. The headquarters are located Dublin, Ireland. Medtronic operates in more than 150 countries. Medtronic develops and manufactures healthcare technologies and therapies.
In January 2022 the company acquired Affera, Inc. In April 2022, the company announced its collaboration with GE Healthcare to support the need and care demands at Ambulatory Surgery Centers.
3. Boston Scientific Corporation
Boston Scientific Corporation is a biotechnology engineering firm founded in June 29, 1979 in Watertown, Massachusetts. It manufactures medical devices that are usually used in interventional medical specialties. The corporation is immensely known for developing the Taxus Stent, which is a type of drug used to open clogged arteries.
John Abele and Peter Nicholas found the Boston Scientific Corporation. Its headquarters are located Marlborough, Massachusetts. In June 2022, the company acquired M.I. Tech Co., Ltd, for around U.S$ 230 million. In August 2022, the company acquired Obsidio, Inc.
4. Abbott Laboratories
Abbott Laboratories is a medical device and health care company based in America. It was founded in the year 1888 by Wallace Calvin Abbott. The headquarters are located in Abbott Park, Illinois, U.S. The company sells medical devices, branded generic medicines and nutritional products. Abbott’s products include MitraClip, FreeStyle Libre, Pedialyte, Ensure.
In January 2022, the company introduced Lingo, which is a line of consumer bio wearable sensors known to collect a range of biological reading to optimize exercise and nutrition regimens.
5. Stryker
Stryker Corporation is a medical technology industry locate in the United States of America. It was founded in the year 1941. Some of the products manufactured by the corporation are joint replacement implants, surgical navigation systems, surgical equipment, emergency medical equipment and communication systems. Stryker sells its product in various parts of the world covering over a 100 countries.
The company was founded by Homer Stryker. In January 2022, Stryker acquired digital care business Vocera Communications for approximately $3 billion.
6. GE healthcare
GE Healthcare Technologies Inc. is a global medical technology company. It was founded on September 28, 1994 and the headquarters are located in Chicago, Illinois, U.S. The company manufactures medical diagnostic equipment that include CT image machines, Nuclear Medicine Cameras.
GE Healthcare was spun-off on January 4, 2023, with the company being listed on the Nasdaq Stock Market. In February 2023, GE Healthcare acquired the San Mateo headquartered AI medical technology manufacturer.
