LONDON, April 29, 2015 /PRNewswire/ -- The European automated external defibrillator (AED) market is estimated to grow at a CAGR of 10.9% from 2014 to 2019. France held a larger share of the automated external defibrillator (AED) market with about 25.3% in 2014, followed by Germany. The European automated external defibrillator (AED) market holds high potential for growth in future, due to a number of forces that favor this market.
These include the rising incidences of cardiovascular diseases & sudden cardiac arrest (SCA), increasing awareness of SCA & the life-saving potential of AEDs, and an implementation of public access defibrillation programs in various countries. However, product recalls have cost companies millions of dollars, affecting their revenues and in turn, having an adverse effect on the AED market.
In this report, the European automated external defibrillator (AED) market is broadly classified on the basis of product types and end-users. The products segment is classified into semi-automated external defibrillators and fully-automated external defibrillators. Based on end-users, the automated external defibrillator (AED) market is categorized
into pre-hospitals, public access market, hospitals, alternate care market, and home.
Geographically, the market is divided into six countries, namely France, Germany, the U.K., Italy, Spain, and RoE. France is estimated to command the largest share of 25.3% of the European automated external defibrillator (AED) market in 2014, followed by Germany. Germany is estimated to grow at a CAGR of 9.2% from 2014 to 2019.
European countries such as Italy and France passed various legislations that require installation of public access defibrillators in 2001 and 2007, respectively, authorizing the use of AED by a layperson. As a result of these laws and nationwide defibrillation programs undertaken by various local and national governments, a large number of AEDs have been installed at public places such as shopping centers, airports, offices, government buildings, schools, health and sports clubs, transportation centers, daycare centers, and casinos. Thus, the increasing installation of public access AEDs boosts the growth of this market.
The report has profiled the leading players of this market along with their developments (new product launches and partnerships, agreements, collaborations, and joint ventures) over the past few years and strategies adopted by them to sustain and strengthen their position in the European automated external defibrillator (AED) market. Philips Healthcare (the Netherlands), Cardiac Science Corporation (U.S.), ZOLL Medical Corporation (U.S.), Physio-Control, Inc. (U.S.), NIHON KOHDEN CORPORATION (Japan), and HeartSine Technologies, Inc. (U.S.) are some of the key players that are engaged in this market.
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