Automated External Defibrillator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Automated External Defibrillator (AED) Market is segmented by analysis type (Semi-automated External Defibrillators and Fully automated External Defibrillators), end user (Hospitals/Clinics, Home Care, and Other End Users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Automated External Defibrillator (AED) Market Size

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Automated External Defibrillator Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 0.96 Billion
Market Size (2029) USD 1.45 Billion
CAGR (2024 - 2029) 8.78 %
Fastest Growing Market North America
Largest Market North America

Major Players

Automated External Defibrillator Market

*Disclaimer: Major Players sorted in no particular order

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Automated External Defibrillator (AED) Market Analysis

The Automated External Defibrillator Market size is estimated at USD 0.96 billion in 2024, and is expected to reach USD 1.45 billion by 2029, growing at a CAGR of 8.78% during the forecast period (2024-2029).

The COVID-19 pandemic had a significant impact on the growth of the market. This was due to the postponement of cardiovascular surgeries and the reduction in the cardiac surgery volume due to the strict regulations imposed by various governments during the pandemic. According to the NCBI article published in July 2021, there was a 52.7% reduction in adult cardiac surgery volume in the United States during the first half of 2020. Such a reduction in cardiac surgeries impacts the demand for an automated external defibrillator used in cardiac procedures. However, the resumption of cardiac surgical procedures during the post-pandemic period is expected to regain the demand for automated external defibrillators, thereby contributing to the market's growth over the next five years.

The major factors driving the automated electronic defibrillator market growth include the increasing prevalence of cardiac diseases, the rising geriatric population, and technological advancements in the field, supported by increasing investments from market players.

According to the data published by the British Heart Foundation in August 2022, in the United Kingdom, over 7.6 million people live with heart or circulatory disease in 2021. Such increasing prevalence of cardiovascular diseases led to an increasing need for automated external defibrillators. Such patient conditions are expected to drive the growth of the market over the forecast period.

Also, the rising number of cardiovascular patients who needed surgical procedures is expected to contribute to the demand for an automated external defibrillator, thereby boosting the growth of the market. According to British Heart Foundation data, published in January 2022, nearly 284,000 people were waiting for time-critical heart operations and other heart procedures at the end of November 2021. Such an increasing number of cardiovascular surgeries generates a need for automated external defibrillators, thus driving the market's growth.

Moreover, the technological advancement in the field and the rising support by various governments boosts the market's growth. For instance, in March 2021, the Government House in Australia launched the St. John-branded public access defibrillator, an automated external defibrillator (AED). The AED was a joint venture between St John Ambulance Australia and Zoll Medical Australia.

Thus, the automated external defibrillators market is expected to show lucrative growth over the forecast period owing to the rising burden of cardiovascular diseases and increasing launch of advanced automated external defibrillators. However, factors such as stringent regulations and lack of awareness and early corrective measures about sudden cardiac arrest may hinder the growth of the studied market over the forecast period.

Automated External Defibrillator (AED) Market Trends

Fully automated External Defibrillators is Expected to Hold a Significant Share in the Market Over the Forecast Period

The rising prevalence of cardiac diseases across different age groups due to stressful work conditions, sedentary lifestyles, growing consumption of tobacco and alcohol, and substance abuse is expected to drive the growth of the fully automated external defibrillator segment over the forecast period.

According to the BMJ article published in August 2021, around 80% of the study participants diagnosed with atrial fibrillation in the United kingdom population were eligible for early rhythm control. Such a growing burden of arrhythmia creates demand for the automated external defibrillator and is expected to drive the growth of the studied segment over the forecast period. Also, the rising geriatric population is expected to contribute to the growth of the studied segment. As per the UN report published in 2022, the share of the global population aged 65 years or above is projected to rise from 10% in 2022 to 16% in 2050. Such an increase in the geriatric population prone to develop cardiovascular diseases is expected to contribute to the growth of the studied segment over the forecast period.

Also, the increasing product launches are expected to contribute to the segment's growth over the forecast period. For instance, in October 2021, CellAED launched the handheld, smart personal Automated external defibrillator, which is available for pre-order in Europe.

Thus, the factors such as the rising geriatric population and increasing prevalence of cardiovascular diseases along with the launch of advanced fully automated external defibrillators contribute to the growth of the studied segment over the forecast period.

Automated External Defibrillator Market - Estimated People Living with Heart and Circulatory Disease, 2021

North America is Expected to Hold a Major Market Share Over the Forecast Period

The North American automated external defibrillators market is expected to grow during the forecast period due to the high burden and increasing prevalence of cardiovascular diseases, new product launches, and the emerging number of key market players in the region.

Additionally, the rising geriatric population is also expected to drive the growth of the market in North American countries. For instance, the data published by Statistics Canada in August 2022 indicated that the population aged 70 to 74 years in Canada was 1,847,585 whereas the population aged 80 to 84 years was 840,545. Such a rise in the geriatric population who are prone to developing cardiovascular diseases is expected to drive the demand for automated external defibrillators, thereby contributing to the growth of the market.

Additionally, the increasing awareness campaigns regarding automated external defibrillators, product approvals, and product launches are expected to reinforce growth prospects over the forecast period in the North American region. For instance, in August 2022, Great Western Air Ambulance Charity launched an event to teach CPR and automated external defibrillator usage. This event coincided with the unveiling of a public-access defibrillator.

Similarly, in August 2021, Kestra Medical Technologies, Inc. received United States FDA premarket approval for the Assure wearable cardioverter defibrillator (WCD) system. This ASSURE WCD system represents the next generation of monitoring and therapy to protect patients at risk of sudden cardiac death.

Thus, the factors such as the increasing prevalence of cardiovascular diseases, the presence of major market players along with frequent product launches are expected to contribute to the growth of the market in this region over the forecast period.

Automated External Defibrillator Market - Growth Rate by Region

Automated External Defibrillator (AED) Industry Overview

The automated external defibrillator market is moderately competitive, with the presence of a few major players like 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, ViVest Medical, and Others.

Automated External Defibrillator (AED) Market Leaders

  1. Asahi Kasei Corporation

  2. Stryker Corporation

  3. Nihon Kohden Corporation

  4. Koninklijke Philips NV

  5. Mediana Co. Ltd.

*Disclaimer: Major Players sorted in no particular order

Automated External Defibrillator Market Concentration
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Automated External Defibrillator (AED) Market News

  • September 2022: Kauvery Hospital launched Restart Heart Foundation. The foundation has installed automated external defibrillators which are portable life-saving devices that are voice-prompted to treat people experiencing sudden cardiac arrest.
  • August 2022: Portage Health Foundation launched a one-time automated external defibrillator (AED) grant program to address the foundation's long-term sustainability goal of building safer communities.

Automated External Defibrillator (AED) Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Prevalence of Cardiovascular Diseases

      2. 4.2.2 Technological Advancements in the Field of Defibrillators

      3. 4.2.3 Increasing Investments by Private Players

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulations

      2. 4.3.2 Lack of Awareness and Early Corrective Measures about Sudden Cardiac Arrest (SAC)

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Analysis Type

      1. 5.1.1 Semi-automated External Defibrillators

      2. 5.1.2 Fully-automated External Defibrillators

    2. 5.2 By End User

      1. 5.2.1 Hospitals/Clinics

      2. 5.2.2 Home Care

      3. 5.2.3 Other End Users

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Asahi Kasei Corporation

      2. 6.1.2 Koninklijke Philips NV

      3. 6.1.3 Nihon Kohden Corporation

      4. 6.1.4 Schiller AG

      5. 6.1.5 Shenzhen Mindray Bio-Medical Electronics Co. Ltd

      6. 6.1.6 Stryker Corporation

      7. 6.1.7 CU Medical System Inc.

      8. 6.1.8 Mediana Co. Ltd

      9. 6.1.9 BPL Medical Technologies Pvt. Ltd

      10. 6.1.10 Progetti Srl

      11. 6.1.11 Bexen Cardio

      12. 6.1.12 Corplus

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments
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Automated External Defibrillator (AED) Industry Segmentation

An automated external defibrillator (AED) is a lightweight, portable device that delivers an electric shock from the chest to the heart. The shock can potentially stop an irregular heartbeat and allow a normal rhythm to resume after a sudden cardiac arrest (SCA).

The global automated external defibrillator market is segmented by analysis type (semi-automated external defibrillators and fully automated external defibrillators), end user (hospitals/clinics, home care, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Analysis Type
Semi-automated External Defibrillators
Fully-automated External Defibrillators
By End User
Hospitals/Clinics
Home Care
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Automated External Defibrillator (AED) Market Research FAQs

The Automated External Defibrillator Market size is expected to reach USD 0.96 billion in 2024 and grow at a CAGR of 8.78% to reach USD 1.45 billion by 2029.

In 2024, the Automated External Defibrillator Market size is expected to reach USD 0.96 billion.

Asahi Kasei Corporation, Stryker Corporation, Nihon Kohden Corporation, Koninklijke Philips NV and Mediana Co. Ltd. are the major companies operating in the Automated External Defibrillator Market.

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Automated External Defibrillator Market.

In 2023, the Automated External Defibrillator Market size was estimated at USD 0.88 billion. The report covers the Automated External Defibrillator Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automated External Defibrillator Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Automated External Defibrillator Industry Report

Statistics for the 2024 Automated External Defibrillator market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Automated External Defibrillator analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Automated External Defibrillator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)