World Defibrillator Devices Market to Cross USD 17.7 Bn by 2023, States IQ4I Research & Consultancy in Its Report Available at MarketPublishers.com
12 Apr 2017 • by Natalie Aster
LONDON – The world’s market for defibrillator devices is anticipated to keep on growing and exceed the value of USD 17.7 billion by the year 2023, registering a mid to high single-digit CAGR in the years to come. This market will likely be fueled by uptake in aging population, considerable increase in cardiovascular diseases incidence, rising usage of defibrillators and favourable reimbursement regulations.
Amid various defibrillator devices, implantable cardioverter defibrillators account for the biggest chunk of the overall market. Meantime, the external defibrillators sector is predicted to see the highest growth rates in the coming years.
In terms of applications, ventricular tachycardia captures the largest share of the overall market, whilst ventricular fibrillation is likely to exhibit a strong CAGR during 2017-2023.
In terms of end-use sectors, hospitals dominate the defibrillator devices market, and home healthcare is expected to increase at the highest CAGR up till 2023.
Regionally, North America takes lead in the world’s defibrillator devices market; Europe and APAC ranks the second and the third in the global market. APAC is recognized as the most rapidly expanding market for defibrillator devices, during 2017-2023 this regional market is predicted to offer a range of growth opportunities and is expected to attract attention of novel investors.
The insightful report “Defibrillator Devices Global Market - Forecast to 2023” elaborated by IQ4I Research & Consultancy presents a comprehensive analysis of the defibrillator devices market at various geographical scales. It provides access to trustworthy industry performance estimates and updates statistics, touches upon the major influencing factors, points out the emerging opportunities and covers the major trends. The research study includes details on the competitive landscape and regulative framework, discusses the prevailing trends and also gives forecasts for the defibrillator devices market through 2023.
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