Rising incidence of cardiovascular disease due eating habits and changing lifestyle will greatly impact the global defibrillator market in long run. Defibrillator is life saving apparatus that maintain the rhythm of the heart no matter heart beat fast or slow. Defibrillator is device that has more functionality than pacemaker. It also works as pacemaker and additional it gives shocks when hearth beat is quite slow or failure is detected to restore the heart beat to its original state. In current scenario, companies are pouring the fund in research and development program to design innovative product to ensure safety of life. The Global Defibrillator Market is likely to surpass US$ 15 Billion mark by the end of year 2025.
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The major factors that influences the market growth are; increasing incidence of cardiovascular disease, increasing number of cardiac arrest globally, advancement in technology, increasing research & development towards Defibrillator technology, increasing number of innovative products, increasing geriatric population across the world, greater significance and role of machine in saving life etc. Moreover various types of defibrillator machine getting quick approval will further boost the market in forecast period.
Renub Research report titled “Defibrillator Market Global Forecast, by Product [Implantable Cardioverter Defibrillator {Transvenous Implantable Cardioverter Defibrillators (Single-chamber ICDs & Dual-chamber ICDs & Biventricular ICDs/Cardiac Resynchronization Therapy Defibrillators) & Subcutaneous Implantable Cardioverter Defibrillators}, Automated External Defibrillators, Advanced Life Support Defibrillators & Wearable Cardioverter Defibrillators], End Users (Hospitals, Pre-Hospitals, Public Access Market, Alternate Care Market & Home Healthcare), Regions (North America, Latin America, Europe, Asia-Pacific & Middle East/Africa), Companies (Medtronic plc, Boston Scientific, Philips Healthcare, St. Jude Medical, Nihon Kohden Corporation and Zoll Medical Corporation)” provides a complete analysis of Global Defibrillator Market.
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