Defibrillators
Pads Market: By Product (Manual External, Manual Internal), by Age Group
(Pediatric, Adult Defibrillator Pads), by Distribution Channel (Online, Retail,
Hospital Pharmacy), and by End-Users (Hospitals & Clinics) – Global
Forecast Till 2023
Market
Synopsis of Global Defibrillators Pads Market:
Key
Players
Medtronic,
Cardiac Science Corporation, Koninklijke Philips N.V., Boston Scientific
Corporation, Stryker Corporation, Cardinal Health, Biotronik SE & Co. KG,
Defibtech, LLC., and Mindray Medical are
Some of the key players in the Defibrillators pads market.
Market
Scenario:
Defibrillation
is a procedure that involves the delivery of an electric shock to the heart
which causes depolarization of the heart muscles and re-establishes normal
conduction of the heart’s electrical impulse. To increase the efficacy of
automated defibrillator, pads are attached to them which directly touches
victim’s chest and delivers a shock to them. The gel present in the pads acts
as a bonding agent and helps the AED pads to adhere firmly to the victim’s skin
thus, increasing its efficacy.
The global defibrillators pads
market is majorly driven by the increasing number technical advanced devices,
increasing number of regulatory approvals, rising geriatric population, abuse
of alcohol, the high prevalence of cardiac diseases such as ventricular
fibrillation, ventricular tachycardia, and cardiac arrhythmias, and growing
penetration of key market players. Furthermore, the increasing awareness of
healthcare, favorable reimbursement policies, increasing innovations in
research and development of medical devices, as well as rising average income
of individuals are fueling the market growth. However, factors such as high
cost of defibrillators pads and complicated and costly surgical procedures
involved in implantation defibrillators are likely to hamper the growth of the
market. Lack of proper healthcare infrastructure, as well as awareness
regarding diseases such as cardiac arrhythmia and tachycardia in middle-income
countries, are major challenges to the market growth.
Market
Segmentation:
The global defibrillators pads
market is segmented on the basis of product, age group, distribution channel,
and end-user. According to products, the market is segmented into manual
external, manual internal, automatic external, and others
Considering the age group, the
market is segmented into pediatric defibrillator pads and adult defibrillator
pads.
According to the distribution
channel, the market is segmented into online pharmacy, retail pharmacy,
hospital pharmacy, and others.
On account of end-user, the market
is segmented into pre-hospital services, hospitals & clinics, alternate
care facilities, public access market, and home healthcare services market.
Based on region the market is
segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa.
Americas region is segmented into North America and South America. Similarly,
Europe is segmented into Western Europe and Eastern Europe.
Regional
Analysis:
Americas is the global leader for
defibrillators pads market owing to increasing prevalence of cardiovascular
diseases among adults and older population and rising more elderly population
which increases the vulnerability to hypertension and obesity issues which are
indirect causes of heart disease. Additionally, factors such as
increasing government initiatives and funding for research, development in
advanced medical treatment options, and rising demand for technologically
advanced treatment are likely to enhance the growth of defibrillators pads
market in the American region. For instance, according to American Heart
Association, in 2014, around 31% of the deaths in the U.S. were due to
cardiovascular disorders. Similarly, according to stats presented in reports
published by the Centers for Disease Control and Prevention, heart
disease is the most common cause of death and accounted for the death of about
366,000 people in 2015. This growing rate of cardiovascular disorders is
expected to have a direct effect on the growth of the defibrillators pads
market as it finds whole and sole application in cardiovascular
disorders.
Europe is the second largest market and holds
a healthy share in the global defibrillators pads market. The European market
is expected to grow at a sturdy growth rate during the forecast period due to
major driving factors like availability of advanced treatment facilities,
increasing healthcare expenditure along with growing need for better healthcare
infrastructure and government initiatives of healthcare reform. For instance,
according to 2017 statistics presented by the European Society of Cardiology,
there were more than 6 million reported new cases of cardiovascular diseases in
the European Union and more than 11 million in Europe as a whole. Additionally,
every year 15% of deaths in Europe occur due to cardiovascular diseases. Hence
cardiovascular disease being one of the major concern in Europe contributes
significantly to the market growth of this region. Additionally, Europe spent
around 210 Euros in 2015 for treatment of cardiovascular disorders. This rising
healthcare expenditure due to cardiovascular disorders is expected to have a positive
impact on the defibrillators pads market. Developed countries such as the U.S.
and the U.K. are making it compulsory for certain sports arenas, schools,
government facilities, and institutes to store and maintain Automated External
Defibrillators (AEDs), as unavailability of defibrillators is the most common
cause of sudden cardiac arrest.
The Middle East & Africa is expected
to show the least growth in the market due to some major factors such as lack
of awareness, limited access and availability of treatment facilities. In the
Middle East, United Arab Emirates is the largest market share owing to the
development of healthcare industry and rising availability of specialty care
centers.
Asia Pacific is expected to be the
fastest growing market. According to report published by the United Nations in
2015; between 2015 and 2030, the number of older persons aged 60 years or over
in the world is predicted to grow by 56 %, out of which 66% of the older
population would reside in Asia-Pacific regions. This makes the region prone to
metabolic disorders that would further aid the chances of cardiovascular
diseases. Owing to the huge patient pool, a faster adaptation of healthcare
technology, government initiatives to increase the healthcare quality,
favorable insurance and reimbursement policies, and key players such as Boston
Scientific Corporation and Medtronic have been setting up their regional
headquarters and manufacturing plants in Singapore, China, Japan, Korea, and
Australia. This is accelerating the growth of the defibrillators pads market.
Moreover, raising adaption of western culture has led to increasing sedentary
lifestyle due to work culture, addiction to alcohol and smoking, consumption of
fast foods which are the indirect causes of cardiovascular diseases and rise in
the standard of living in the region also contributes to defibrillators pads
market growth. However, on the other hand, factor such as lack of skilled
healthcare professionals may slow down the market growth during the forecast
period. For instance, according to the Global Burden of Disease Report in 2016,
heart diseases is expected to lead to 1.7 million deaths in India. This rising
prevalence of heart diseases is expected to propel the growth of the market.
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