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The global defibrillator market size was estimated at USD 9.8 billion in 2016, which is anticipated to grow at a CAGR of more than 7.8% during the forecast period. Increasing demand due to supportive legislation policies by the government of developed countries is a major driver responsible for growth of the defibrillator market.
Developed countries such as the U.S. and the UK are making it mandatory for certain public places which includes sports arenas, schools, government facilities, and institutes to store and maintain Automated External Defibrillators (AEDs), making them more cardio-friendly. The most common cause of death due to Sudden Cardiac Arrest (SCA) is the unavailability of defibrillators. Such changes in the legislation of a country help upsurge availability and access, thereby increasing the market size of this industry.
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8 months ago