The global Cardioverter Defibrillator Market was valued at US$ 8.2 billion in the year 2018 and is expected to reach US$ 10.67 billion by the year 2023, growing at a CAGR of 5.4%. A cardioverter defibrillator is a device which can be implanted or externally used for the purpose of cardioversion, defibrillation, and pacing of the heart. The device can prevent sudden deaths due to cardiac arrest or lethal arrhythmia. It is used to check the rhythm of the heart and then respond with an electrical shock to restore the normal heart rhythm.
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The major players in the Cardioverter Defibrillator market are Medtronic (Ireland), Boston Scientific (US), Abbott (US), Biotronik (Germany), Physio-Control (a part of Stryker) (US), Philips (Netherlands), Cardiac Science (US), Mindray Medical (China), Nihon Kohden Corporation (Japan), and Zoll Medical (US) amongst others.
Company share analysis is used to derive the size of the global market. As well as a study of the revenues of companies for the last three to five years also provides the base of growth rate. Analysis is also mentioned to understand the factors impacting consumer and supplier behaviour.
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Global Cardioverter Defibrillator Market, Segmentation Scope
By Product Type
Implantable Cardioverter Defibrillator (ICD)
Transvenous Implantable Cardioverter Defibrillator (T-ICD)
Cardiac Resynchronization Therapy (CRT-D)
Subcutaneous Implantable Cardioverter defibrillator (S-ICD)
External Cardioverter Defibrillator
Automated External Defibrillator (AED)
Manual External Defibrillator
Wearable Cardioverter Defibrillator (WCDs)
By End User:
Public Access Market
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Date : Nov 2019
Report ID : 55
Category : Healthcare
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Global Cardioverter Defibrillator Market was valued at US$ 8.2 billion in the year 2018 and is expected to reach US$ 10.67
billion by the year 2023, growing at a CAGR of 5.4%. A cardioverter defibrillator is either an implantable or external
device that is used for the purpose of defibrillation, pacing of the heart or cardioversion. The device is used by patients
who are at a high risk of death due to sudden cardiac arrest. The device checks the rhythm of the heart and when it
senses abnormal beating, it sends electrical shock to restore the normal beating of the heart.
According to the World Health Organization, cardiac diseases are the number one cause of death globally.
Approximately, 17.9 million people die due to cardiovascular diseases every year across the globe, which accounts for
approximately 31% of deaths globally.
The major factors to drive the growth of the cardioverter defibrillator market are the increasing prevalence of
cardiovascular diseases and the rising geriatric population. Changing lifestyles have led to increased smoking and
alcohol consumption, and increasing obesity, which are some of the major risk factors associated with cardiac
diseases. Additionally, technological advancements in cardioverter defibrillators will further drive the market.
The global Cardioverter Defibrillators Market is driven by increasing demand due to supportive legislation policies
given by the government in developed countries. The innovation in implantable devices, as well as external
defibrillators, is rising the demand for the Cardioverter Defibrillators Market. There is a rise in the innovation of