Defibrillator Market worth $18.2 billion by 2026 - Exclusive Report by MarketsandMarkets - Seite 2

The ICDs segment accounted for a share of 71.5% of the global defibrillators market in 2020. The large share of this market segment can be attributed to the increasing prevalence of cardiovascular diseases and the development of technologically advanced defibrillators.

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Subcutaneous implantable cardioverter defibrillator is expected to register the highest CAGR during the forecasted period

Based on product type, the defibrillator market is segmented into Implantable cardioverter defibrillators (ICDs) and External defibrillators. ICDs is further divided into transvenous implantable defibrillators and subcutaneous implantable defibrillators, whereas external defibrillators is divided into manual aed, fully automated aed and wearable defibrillator.

Subcutaneous implantable cardioverter defibrillators (S-ICDs) are used to treat ventricular tachyarrhythmia. S-ICD is the fastest-growing ICD segment mainly because it is a less-invasive approach and is proven to be highly effective. The growing number of research activities to support the adoption of S-ICD systems is also expected to drive market growth. For instance, in November 2017, AHA, the American College of Cardiology, and the Heart Rhythm Society published guidelines that recommend the use of S-ICDs for the treatment of patients with ventricular arrhythmias and prevention of sudden cardiac death (Source: Circulation, Heart Rhythm Journal and the Journal of the American College of Cardiology, 2017). The high cost of S-ICDs is expected to hamper the growth of this market. For instance, in Italy, S-ICDs cost around USD 24,787 (EUR 18,000) compared to single-chamber ICDs, which are priced between USD 5,508 and USD 9,639 (~EUR 4,000–7,000).

The adult patients segment dominated the defibrillator market based on patient type in 2020

Based on patient type, the defibrillators market is segmented into adult and pediatric patients. The adult patients segment dominated the global defibrillators market with a share of 59.5% in 2020.

In 2020, there were roughly 75 million adult patients (in the age group of 15 years and over) globally and 25 million pediatric patients (in the age group of 0–14 years) (Source: World Bank). According to data by the World Health Organization (WHO), around 30% of all global deaths occur due to cardiovascular disease, accounting for 17.9 million lives lost each year. About 2 in 10 deaths due to CVD (cardiovascular disease) occur in patients aged less than 65 (Source: Center for Disease Control and Prevention). The major reasons for heart disease are high blood pressure, high cholesterol, diabetes, obesity, unhealthy diets, physical inactivity, and excessive alcohol use.