At 4.0% CAGR, Europe Automated External Defibrillators Market is Projected to be worth US$ 545.01 million by 2030, says Business Market Insights
According to Business Market Insights' research, the Europe automated external defibrillators market was valued at US$ 398.19 million in 2022 and is expected to reach US$ 545.01 million by 2030, registering a CAGR of 4.0% from 2022 to 2030. Increasing prevalence of cardiovascular diseases and strategies by key market players to expand presence in emerging markets are among the critical factors attributed to the Europe automated external defibrillators market expansion.
With rising cases of cardiovascular diseases globally, the automated external defibrillator market players have started to or are expected to strategize their growth. CVDs have been among the leading causes of death in various. Companies such as Abbott, Medtronic, Asahi Kasei (ZOLL), and Biotronik are expected to continue growing in these emerging markets through mergers, acquisitions, and strategic partnerships in the coming years. In 2023, Nordic Capital acquired majority share in corpuls, MedTech company. corpuls is a cutting-edge provider of medical technology specializing in cardiac resuscitation and emergency medical solutions with a primary emphasis on the external defibrillator market.
In addition, the number of public-access automated external defibrillator setups is expected to rise in the coming years, with increasing awareness and training regarding defibrillators and their usage. Also, the demand for implantable defibrillators is expected to grow owing to the rising number of patients approaching healthcare service providers for the treatment of cardiovascular diseases, along with elevating national healthcare expenditures, increasing access to care, and improving economics. Thus, growing strategies by key market players to expand their presence in emerging markets are likely to create lucrative opportunities for the automated external defibrillator market growth in the coming years.
On the contrary, performance issues related to automated external defibrillators hamper the Europe automated external defibrillators market.
Based on type, the Europe automated external defibrillators market is bifurcated into fully-automated external defibrillators and semi- automated external defibrillators. The fully-automated external defibrillators segment held 64.1% share of Europe automated external defibrillators market in 2022, amassing US$ 255.22 million. It is projected to garner US$ 342.22 million by 2030 to expand at 3.7% CAGR during 2022-2030.
Based on end user, the Europe automated external defibrillators market is segmented into hospitals & clinics, homecare, and others. The hospitals & clinics segment held 53.6% share of Europe automated external defibrillators market in 2022, amassing US$ 213.42 million. It is projected to garner US$ 299.08 million by 2030 to expand at 4.3% CAGR during 2022-2030.
Based on country, the Europe automated external defibrillators market has been categorized into Germany, the UK, France, Spain, Italy, and the Rest of Europe. Our regional analysis states that Germany captured 30.1% share of Europe automated external defibrillators market in 2022. It was assessed at US$ 119.76 million in 2022 and is likely to hit US$ 173.72 million by 2030, exhibiting a CAGR of 4.8% during 2022-2030.
Key players operating in the Europe automated external defibrillators market are Asahi Kasei Corp, CU Medical Systems Inc, Koninklijke Philips NV, Mediana Co Ltd, Nihon Kohden Corp, Progetti SRL, Schiller AG, Shenzhen Mindray Bio-Medical Electronics Co Ltd, and Stryker Corp, among others.
In July 2023, Shenzhen Mindray Bio-Medical Electronics Co Ltd had agreed to acquire 75% equity interest in DiaSys Diagnostic Systems GmbH from Gorka Holding GmbH, through Mindray Medical Netherlands BV, a wholly-owned subsidiary of Mindray's wholly-owned subsidiary MR Global (HK) Ltd, for an all-cash preliminary purchase price of approximately EUR 115 million.
In February 2022, Stryker Corp completed the acquisition of Vocera Communications Inc. This acquisition provided significant opportunities to advance innovations and accelerate Stryker's digital aspirations.
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