North American Defibrillators Market to Witness 4.9% CAGR during 2018–2023
Aging is among those few aspects of life upon which human being have no control at all, despite of all the technological advancements. In scientific terms, aging is the impact of the accumulation of an extensive range of molecular and cellular damage over time, which results in gradual decrease in mental and physical capacity, a rising risk of disease, and ultimately, death. Some of the common conditions by which aged people suffer include beck & neck pain and osteoarthritis, hearing loss, chronic obstructive pulmonary diseases, dementia, diabetes, and cataracts and refractive errors. More often than not, aged people are likely to suffer from multiple conditions at once.
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The geriatric population is increasing across the globe, including North America. In 2017, the number of people aged 60 years or above in North America was 79 million, and this number is further predicted to increase to 123 million in 2050. It has already been established the aged population is susceptible to suffering from heart conditions, the treatment process often creates need for defibrillators, which restore the normal heartbeat by sending an electric shock to the heart. These devices are utilized for preventing or correcting an arrhythmia and also for restoring the heart’s beating if it stops suddenly.
Within the region, the demand for defibrillators is expected to increase inconsiderably in Canada, which is ascribed to the prising government support in the form of initiatives and funding in order to increase the awareness among people and provide efficient training on defibrillation. Apart from this, a large number of local suppliers for defibrillators are present in the country and the surging number of spinocerebellar ataxia cases are also contributing significantly to the growth of the North American defibrillators market.
Hence, the demand for defibrillators in North America is growing because of the surging geriatric population and technological advancements.