AUTOMATED EXTERNAL DEFIBRILLATOR MARKET ANALYSIS

Automated External Defibrillator MarketSize and Trends

Market Statistics:

The global automated external defibrillator market was valued at US$ 717.5 Mn in 2021 and is forecast to reach a value of US$ 1,217.0 Mn by 2028 at a CAGR of 7.8% between 2022 and 2028.

North America held dominant position in the global automated external defibrillator market in 2020, accounting for 55.0% share in terms of volume, followed by Europe and Asia Pacific, respectively.

Market Trends/Key Takeaways:

1. Increasing demand or adoption of AEDs is expected to drive growth of the global automated external defibrillator market. For instance, in September 2021, ZOLL MEDICAL announced the launch of three automated external defibrillator (AED) models to penetrate the Thai market. This estimated that demand for AEDs in Thailand would rise to 10,000 units.
2. Frequent approvals and launches of novel products is expected to propel growth of the global automated external defibrillator market. For instance, in June 2020, Royal Philips announced that the FDA has granted premarket approval for the company’s HeartStart FR3 and HeartStart FRx automated external defibrillators (AEDs).