Stairlifts Market: Foresees Skyrocketing Growth in the Coming Years Defibrillators Market

Defibrillators Market Analysis based on
Healthcare Applications 2018
Defibrillator is an essential tool in cardiopulmonary resuscitation indicated in cardiac arrhythmia.
Various advancements have been observed in defibrillator technology – from manual to automated
ones, and implantable defibrillators to ensure constant care for patients suffering from ischemic heart
disease or those at high risk of cardiac arrest. A Global Resuscitation Alliance (GRA) was formed in
2016, comprising international health organizations, global resuscitation leaders, and the American
Heart Association (AHA), with an objective to increase the survival rate of patients with sudden
cardiac arrest, by 50%. This alliance actively works towards increasing public awareness about
defibrillators and has facilitated the installation of automated defibrillators in public places for use in
case of related medical emergencies. Training initiatives such as by-stander PCR training by
manufacturers would considerably contribute towards improvement in survival rates, while enhancing
brand visibility.
Onboard emergency medical cases lead to major losses to airlines. Emirates handled more than 60
flight diversions in 2016 due to medical emergency and it is estimated that a single diversion could
lead to losses ranging from US$ 50,000 to US$ 600,000. The airline therefore decided to set
standards for emergency medical care in 2016 and have invested US$ 7 million for installing medical
equipment on board which also include defibrillators.
The global defibrillators market was valued at US$ 11,820 million in 2015.
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Increasing demand for portable devices due to low survival rates among cardiac arrest
patients is expected to drive growth of the global defibrillators market
According to a report by the Institute of Medicine in 2015, around 600 thousand people in the U.S.
suffer from cardiac arrest annually, with over 65% of the cases in out-of-hospital settings. The survival
rate of out-of-hospital setting is less than 6%, while it is 24% in hospital settings. The survival rate in
out-of-hospital setting is less due to consumer’s lack of operational knowledge about defibrillators and
about carrying out CPR. Therefore, various training initiatives associated with the use of defibrillators