The automated external defibrillator (AED) market is expected to reach a valuation of approximately USD 1,038.3 million in 2024 and is projected to grow to USD 1,551.80 million by 2034, with an anticipated growth rate of 4.30% during this period.
The rising emphasis on employee safety across various industries is expected to drive market growth during the forecast period. AEDs are recognized as vital tools for managing sudden cardiac emergencies, particularly in industrial settings where workers face elevated risks. Increasing regulations and guidelines that mandate the presence of AEDs in workplaces, especially in high-risk sectors like manufacturing, construction, and mining, are further promoting their integration into these environments.
With the rise in instances of cardiac arrest, which can occur in any setting, including workplaces, industries are becoming increasingly aware of the risks to employees from factors such as stress, physical exertion, and underlying health conditions. AEDs play a crucial role in providing immediate assistance during such emergencies, significantly enhancing the chances of survival.
Industries such as manufacturing and construction, which involve high-stress or physically demanding tasks, face an increased risk of cardiac events, driving the demand for AEDs. Ensuring the availability of AEDs within these industries minimizes the response time in emergencies. Quick access to these devices greatly improves the likelihood of successful defibrillation and survival in the critical moments following a sudden cardiac arrest (SCA).
Key Takeaways from the Market Study
- From 2019 to 2023, the automated external defibrillators (AEDs) market was valued at a CAGR of 4.10%
- Based on product type, semi-Automated AEDs segment is expected to account for a share of 45% in 2024.
- Global automated external defibrillators (AEDs) demand in China is predicted to account for a CAGR of 4.80% in 2024.
- In the United States, the automated external defibrillators (AEDs) industry is expected to account for a CAGR of 3.90% in 2024.
- Germany is projected to expand by a value CAGR of 3.70% between 2024 and 2034.
- Automated external defibrillators (AEDs) market in India is anticipated to record a CAGR of 5.0% in 2024.
Competitive Landscape:
Major automated external defibrillators (AEDs) market players are focusing on expanding their customer base through various strategies, such as expanding their product portfolio through new product launches and innovations. AED manufacturers are focusing on developing devices suitable for industrial environments. Devices with durability, resistance to environmental factors, and easy operability are being introduced to cater to the specific needs of various industrial settings.
Key Companies Profiled
- Asahi Kasei Corporation
- Koninklijke Philips NV
- Nihon Kohden Corporation
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd
- Schiller AG
- Stryker Corporation
- CU Medical System Inc.
- Mediana Co. Ltd
- BPL Medical Technologies Pvt. Ltd
- Progetti Srl
- Bexen Cardio
- Corplus
Automated External Defibrillators (AEDs) Market Key Segments:
By Product Type:
- Semi-automated AEDs
- Fully Automated AEDs
By End-Use:
- Hospitals and Clinics
- Home Care
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/automated-external-defibrillator-market
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