LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global automated external defibrillator market to grow at a CAGR of over 8% during the period 2018-2022, according to their latest report.
The technological advances are one of the major trends being witnessed in the market. Over the last three decades, AEDs have been upgraded with several new features such as rechargeable batteries, LCD screens, voice prompts, CPR tutorials, sophisticated self-testing software, fully automatic operation, and new types of shocks. Few vendors have been increasingly concentrating on the development of innovative AEDs.
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In this report, Technavio analysts highlight the rising prevalence of SCAs as a key factor contributing to the growth of the global automated external defibrillator market:
Rising prevalence of SCAs
The increasing prevalence of sudden cardiac arrest (SCA) and its associated risk factors and the growth of the aging population are the factors that are expected to increase the demand for AEDs. SCA is one of the leading causes of death around the world, with 15-20 million deaths around the world every year caused due to this disease. The chance of sudden cardiac death increases significantly with age, regardless of sex and race. The average age of SCA victims is about 65 years.
According to a senior analyst at Technavio for cardiovascular devices, “The risks associated with SCAs such as coronary artery disease, obesity, and diabetes are on the rise. More than 7.2 million people across the globe die because of CADs every year. Four out of five sudden cardiac deaths are linked to CAD. Early defibrillation combined with CPR can significantly increase the survival rates to as high as 74% when defibrillation is provided within the first three minutes of collapse.”
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Global automated external defibrillator market segmentation
This market research report segments the global automated external defibrillator market into the following products (SAEDs and FAEDs), end-users (public access and hospitals), and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major products, the SAEDs segment held the largest market share in 2017, accounting for more than 63% of the market. This product is expected to witness steady growth throughout the forecast period.
The Americas was the leading region for the global automated external defibrillator market in 2017, accounting for a market share of approximately 58%. This region is anticipated to dominate the global market through 2022.
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