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External Defibrillator Market Size (2024 - 2029)

The external defibrillator market is anticipated to experience significant growth, driven by an increasing demand due to the rising prevalence of cardiovascular diseases and the need for effective interventions. The market's expansion is further supported by government initiatives and the focus on public access defibrillators. Technological advancements and new product launches are also contributing to the market's growth trajectory. However, challenges such as a lack of awareness about sudden cardiac arrest, stringent regulations, and frequent product recalls may hinder the market's potential.

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Market Size of External Defibrillator Industry

External Defibrillator Market Summary
Study Period 2021 - 2029
Market Size (2024) USD 3.73 Billion
Market Size (2029) USD 5.39 Billion
CAGR (2024 - 2029) 7.62 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

External Defibrillator Market Major Players

*Disclaimer: Major Players sorted in no particular order

External Defibrillator Market Analysis

The External Defibrillator Market size is estimated at USD 3.73 billion in 2024, and is expected to reach USD 5.39 billion by 2029, growing at a CAGR of 7.62% during the forecast period (2024-2029).

The external defibrillator market is driven by factors such as the increasing number of cardiac patients, availability of technologically advanced defibrillators, rising focus by the government, and significant players toward public access defibrillators (PADs), and it is expected to contribute to market growth over the forecast period. 

Cardiovascular diseases affecting the cardiovascular system, such as myocardial injury, arrhythmias, intravascular thrombosis, and sudden cardiac death, increase the usage of external defibrillators. This burden of cases has increased the demand for external defibrillators as an effective intervention for cardiovascular diseases (CVDs), significantly impacting the market studied. For instance, according to the study published by the Office for Health Disparities, updated on March 2024, people with coronary heart disease (CHD) in England were around 1.8 million in 2023. Thus, owing to the rise in cardiac complications, the adoption of external defibrillators is expected to rise, fueling the market growth over the study period. 

The demand for external defibrillators is rising due to increasing awareness of the importance of quick response in cardiac emergencies and the proactive efforts of various community initiatives. For instance, in August 2024, Project Heart ReStart, a program established by Christ Hospital in Cincinnati, has been instrumental in enhancing automated external defibrillator (AED) access across communities and announced plans to expand Project Heart ReStart from Hamilton County in Ohio to Northern Kentucky by December 2024. This initiative highlights the increasing recognition of the vital role AEDs play in emergency cardiac care, thus driving the growth of the external defibrillator market. As more communities adopt similar programs, the market is expected to see continued expansion in the forecasted period.

Moreover, the availability of technologically advanced products in the market for patient care is further fueling the market growth. For instance, in January 2024, Element Science achieved a significant milestone in the field of wearable defibrillators. Their Jewel Patch Wearable Cardioverter Defibrillator (P-WCD) got approval from the European Union's CE mark certification and Great Britain's United Kingdom Conformity Assessed (UKCA) marking for marketing. The device continuously monitors heart rhythm and delivers a therapeutic shock to counter life-threatening arrhythmias like ventricular tachycardia and fibrillation. These technological advancements in the external defibrillator field and the new product launches by the key market players are boosting the growth of the studied market. Thus, it is projected to witness lucrative growth during the forecast period.

However, the lack of awareness about sudden cardiac arrest (SAC), stringent regulations, and frequent product recalls may restrain the growth of the external defibrillator market.

External Defibrillator Industry Segmentation

As per the scope of the report, an external defibrillator is a medical device that is designed to analyze the heart rhythm and deliver an electric shock to patients with ventricular fibrillation to restore the heart rhythm to normal.

The external defibrillator market is segmented by product, end user, and geography. By product, the market is segmented into manual external defibrillator, automated external defibrillator (AED), and wearable cardioverter defibrillator (WCD). By end user, the market is segmented into hospitals and clinics, home care, and other end users. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The report offers the value (USD) for the above segments.

By Product
Manual External Defibrillator
Automated External Defibrillator (AED)
Wearable Cardioverter Defibrillator (WCD)
By End User
Hospitals and Clinics
Home Care
Other End Users
By Geography
North America
United States
Canada
Mexico
Europe
United Kingdom
France
Germany
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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External Defibrillator Market Size Summary

The external defibrillator market is poised for significant growth, driven by an increasing prevalence of cardiovascular diseases and a rising focus on public access defibrillators. The market experienced initial setbacks due to the COVID-19 pandemic, which restricted access to automated external defibrillators (AEDs) in public spaces. However, the subsequent rise in COVID-19-related cardiovascular complications has spurred demand for these life-saving devices. The growing geriatric population and sedentary lifestyles have further contributed to the surge in cardiac conditions, necessitating the availability of external defibrillators in hospitals and critical care units. Technological advancements and new product launches, such as wearable electrocardiographic defibrillators, are also propelling market growth, offering innovative solutions for cardiac rhythm management.

North America is expected to be a key region for market expansion, fueled by the high prevalence of cardiovascular diseases and increased awareness of sudden cardiac arrest. The region's robust access to external defibrillators, supported by government and private initiatives, is enhancing market growth. Partnerships and collaborations among major players, such as Stryker Corporation and United States Lacrosse, are further driving the market by improving the availability and affordability of AEDs. Despite challenges like lack of awareness and stringent regulations, the market remains competitive, with companies focusing on product innovation and strategic acquisitions to strengthen their market position.

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External Defibrillator Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase in Incidence of Cardiac Diseases

      2. 1.2.2 Availability of Technologically Advanced Defibrillators

      3. 1.2.3 Increasing Investments by Private Players

      4. 1.2.4 Rising Focus by Government and Major Players toward Public Access Defibrillator (PAD)

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Awareness about Sudden Cardiac Arrest (SAC)

      2. 1.3.2 Stringent Regulations and Frequent Product Recalls

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD)

    1. 2.1 By Product

      1. 2.1.1 Manual External Defibrillator

      2. 2.1.2 Automated External Defibrillator (AED)

      3. 2.1.3 Wearable Cardioverter Defibrillator (WCD)

    2. 2.2 By End User

      1. 2.2.1 Hospitals and Clinics

      2. 2.2.2 Home Care

      3. 2.2.3 Other End Users

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 France

        3. 2.3.2.3 Germany

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 China

        3. 2.3.3.3 Japan

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia-Pacific

      4. 2.3.4 Middle East and Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

External Defibrillator Market Size FAQs

The External Defibrillator Market size is expected to reach USD 3.73 billion in 2024 and grow at a CAGR of 7.62% to reach USD 5.39 billion by 2029.

In 2024, the External Defibrillator Market size is expected to reach USD 3.73 billion.

External Defibrillator Market Report Snapshots

External Defibrillator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)