Global Defibrillators Market Worth $14.21 Billion by 2021 - Increasing Number of Training & Awareness Programs Across the Globe - Research and Markets

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Sep 12, 2016, 12:10 ET

DUBLIN, September 12, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Defibrillators Market - Global Forecasts to 2021" report to their offering.

The defibrillators market is expected to reach USD 14.21 Billion by 2021 from USD 10.01 Billion in 2016, at a CAGR of 7.3% between 2016 and 2021.

The development of technologically advanced defibrillators, rapid growth in the aging population with high risk of target diseases, growing focus of public and private organizations and key market players toward public access defibrillation, and increasing number of training and awareness programs across the globe are the major factors driving the growth of the market.

In 2016, North America is expected to command the largest share of the global market. However, Asia-Pacific is expected to register the highest growth rate during the forecast period from 2016 to 2021, due to improving healthcare infrastructure and favorable government initiatives in this region.

However, lack of awareness about sudden cardiac arrest, issues related to the use of defibrillator devices (external and implantable), and unfavorable healthcare reforms in the U.S. are some of the key factors restraining the growth of this market. In addition to this, increasing pricing pressure on market players and frequent product recalls pose major challenges to defibrillator manufacturers.

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