Automated External Defibrillator Market was Led by North America

The automated external defibrillator market will reach USD 3,520.5 million by 2030, with a compound annual growth rate of 8.6% by the end of this decade. The progressions in the AED tech, growing count of strategic developments amongst main players, and increasing frequency of cardiac ailments are the key factors powering the growth of the industry.

AEDs used on adult patients had the largest share of 95.6%, in the industry in the past. This is because of the fast increasing patient count as opposed to pediatric patients at a global level. 

For instance, according to the World Bank, there were about 75 million adult patients and 25 million pediatric patients globally. Moreover, as per WHO, about 30% of all deaths worldwide occur as a result of CVDs, accounting for 17.9 million lives on a yearly basis.

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North America led the automated external defibrillator market in the past and had around 60% share. This has a lot to do with the enhanced healthcare infra, existence of established players, and increase in the elderly population. Also, the rising incidence of CVDs and growing count of AED installations have contributed to the regional growth of the industry.

Moreover, the federal government spends a substantial portion of its gross domestic product on healthcare on a yearly basis. As per the NHEA, the nation’s healthcare expenditure augmented by 9.7% in 2020 as opposed to 4.3% in the preceding year. 

Apart from that, national programs, conferences, and other initiatives taken by the government for creating consciousness with regards to  CVDs will have a positive impact on the regional market. For example, the 28th International Congress on Cardiology and Medical Interventions was held on October 30–31, 2020, in the city of Vancouver, in Canada.

The rising elderly population all over the world is directly proportional to the demand for automated external defibrillators, and because of this there will be an increasing demand for AEDs, with the increasing of elderly population.

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