An automated external defibrillator (AED) is a device that automatically analyzes the heart rhythm in victims of cardiac arrest, and delivers an electrical shock to the heart to restore its normal rhythm, according to the U.S. Food and Drug Administration (FDA).
“AEDs are important tools in providing a rapid response to victims of cardiac arrest. An AED system consists of an AED device, battery, pad electrode, and if applicable, an adapter,” according to the FDA website.
Heart disease and public awareness are among reasons given for AED market growth in the past and at least one of these factors continues to propel the market.
“Over the recent years, the global automated external defibrillator (AED) market has witnessed double digit growth, due to the rising frequencies of several cardio-vascular diseases and aging population,” according to P&S Market Research. “Rapid growth in the aging population with higher risk of target diseases is a major driver influencing the growth of automated external defibrillator market. Moreover, extensive availability of medical facilities for patients suffering from sudden cardiac arrest (SCA) and advancement in medical technology are some drivers of the global automated external defibrillator market. The automated external cardiac defibrillator market is one of the fastest growing segments whereas; the implantable/internal cardiac defibrillators segment is one of the largest segments in the global defibrillator market.”
The AED market is also growing because of use within and outside of hospital and health care facilities. “The end-user market for automated external defibrillator is categorized into hospitals, pre-hospitals, public access and other alternate care market,” according to P&S Market Research.
“A home use defibrillator has hit the market of automated external defibrillators and is anticipated to provide vast opportunities in the near future,” according to a P&S Market Research report.
“The only automated external defibrillator approved for home use is, Philips HeartStart Home Defibrillator which works by delivering a jolt of electricity to the patient in case of irregular heartbeat. The growth of automated external defibrillators is due to increased awareness in the U.S. health care system. Various opportunities arising from emerging markets of developing countries are expected to provide a major boost to the global automated external defibrillator market.”
“However, lack of awareness about sudden cardiac arrest is a major factor restraining the growth of the global automated external defibrillator market,” the report added.