DUBLIN, April 06, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Defibrillator Devices Global Market - Forecast to 2023" report to their offering.
The defibrillator devices market is expected to grow at a mid to high single digit CAGR to reach $17,710.8 million by 2023.
Geographically, North America is the largest market followed by Europe and Asia Pacific. The APAC region is the fastest growing region from 2016 to 2023 presenting an array of opportunities for growth and is likely to get attention of new investors in the defibrillator devices market. Growth in the Asian market is attributed to rising prevalence of lifestyle diseases and government initiatives in establishing innovative technologies and demand for sophisticated medical services.
The defibrillator devices market is expected to grow at a single high digit CAGR during 2016 to 2023. Increase in aging population and subsequent rise in incidence of cardiovascular diseases, increasing use of defibrillators in public access areas and favorable reimbursement policies are the factors driving the market growth. Increasing trend of MRI compatible defibrillators, emergence of next generation integrated ICD's and market expansion opportunities in emerging nations are expected to offer potential opportunities.
However, various factors like patient safety risks due to chances of infection and other complications while using defibrillators, lack of awareness on sudden cardiac arrests limit the growth of defibrillator devices global market. The threats for the defibrillator devices market include lack of cybersecurity in ICD's and increasing number of defibrillator device recalls due to FDA mandates.
- 3B Scientific GmbH
- A.M.I. Italia S.R.L
- Abbott Laboratories
- Allied Medical Limited
- Asahi Kasei Corporation
- Bexen Cardio
- Biotronik SE & Co. KG
- Boston Scientific Corporation
- BPL Medical Technologies
Key Topics Covered:
1 Executive Summary
3 Market Analysis
4 Defibrillator Devices Global Market, by Products
5 Defibrillator Devices Global Market, by Applications
6 Defibrillator Devices Global Market, by End-Users
7 Defibrillator Devices Global Market, by Geography
8 Company Developments
9 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/frsjdz/defibrillator
Laura Wood, Senior Manager
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SOURCE Research and Markets