What is Biggest Trend Currently Witnessed in Automated External Defibrillator Market?
Every year, 800,000 people in the U.S. die of cardiovascular diseases (CVD), according to the American Heart Foundation. The annual global mortality associated with these conditions has been estimated by the World Health Organization (WHO) at 17.9 million. The most common CVDs include coronary artery disease, congestive heart failure, stress cardiomyopathy, and arrhythmias. Coronary artery disease ultimately results in a myocardial infarction (heart attack), while prolonged, untreated arrhythmias (most commonly ventricular fibrillation) can lead to cardiac arrest. During such events, the normal sinus rhythm is compromised, which is why it is essential to restore it, to manage these conditions.
Access Report Summary -Automated External Defibrillator Market Global Industry Analysis and Demand Forecast
Thus, with the increasing number of people suffering from heart diseases, the automated external defibrillator (AED) market is expected to grow to $3,991.5 million in 2030, from $1,589.7 million in 2019, at a CAGR of 8.8% between 2020 and 2030 (forecast period). AEDs restore the normal rhythm of the heart by depolarizing the excess electric current flowing through the sinoatrial or atrioventricular node or providing the optimum current needed to maintain the normal heart rate. As conventional defibrillators are often bulky, doctors as well as patients are preferring small, portable ones.
The demand for all types of AEDs is growing on account of the increasing population of the elderly, which, according to the United Nations, would rise to 1.5 billion by 2050. Due to their normal biological functions worsening, they are more susceptible to CVDs, which is why they are at the greatest risk of SCA, which always leads to death, if not managed on time. This is why the elderly, in large numbers, are hospitalized, during which many of them receive electric shocks to the heart. Thus, with the increasing population of the elderly, the usage of AEDs is also rising across the world.
Presently, the largest usage of AEDs is being seen in North America, where the incidence of CVDs is high, a number of established industry players exist, healthcare infrastructure is advanced, and the population of the elderly is increasing. The fastest automated external defibrillator market growth is expected to be experienced by Asia-Pacific (APAC), owing to the enhancing healthcare infrastructure and the focus of globally operating device manufacturers on expanding their footprint in countries such as India and China.
Therefore, the requirement for AEDs will continue to surge, as an increasing number of people fall prey to heart problems.