Why Is Installation Of Automated External Defibrillators Increasing In Public Places?

By Author: Pramod Kumar
Total Articles: 97
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The increasing geriatric population, rising number of strategic developments among major players, growing incidence of cardiac diseases, and advancements in AED technology are the key factors leading to the growth of the market. The market is categorized into fully automatic and semi-automatic, when technology is taken into consideration.

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Between these, the fully automatic category dominated the market in the past, accounting for a share of 79.5% in 2018. These medical devices are more suitable for patients suffering from spinocerebellar ataxia. Fully automatic AED devices decrease the time for shock reliving, need less or no technical information, and demand no mechanical force while the procedure is being conducted. Owing to such advantages, the category is further predicted to hold the major share of the market during the forecast period.

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North ...
... America dominated the AED market in the past and is further projected to account for 60.8% share of the market during the forecast period. The enhanced healthcare infrastructure, increasing geriatric population, and presence of major players are driving the regional market. The Asia-Pacific region is expected to witness the highest CAGR during the forecast period, owing to the increasing improvements in the healthcare infrastructure and growing focus of market players on expanding business in emerging economies, including India and China.

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A major trend being witnessed in the AED market is the rising focus on installing AEDs in public spaces. The awareness regarding the life-saving potential of AEDs in emergency situations is increasing, owing to which, they are widely being deployed in public places, such as schools and colleges, railway stations, shopping centers, malls, airports, and leisure centers. Since these devices can be utilized by anyone in case of emergencies, they are also called public access defibrillators.

In conclusion, the market is growing due to the increasing geriatric population and surging focus on installation of AEDs in public places.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.