According to an article at Globe Newswire, the global defibrillator market is expected to hit $15.75 billion by the year 2020. Experts predict that an increased number of incidences of cardiovascular diseases and a rising geriatric population base will fuel demand for the devices which “resolve cardiac related conditions such as cardiac arrhythmias, ventricular tachycardia, and ventricular fibrillation.”
Other factors that are expected to boost growth include an improved healthcare infrastructure and a growing focus on emerging economies by key players in the market. Additionally, as mortality rates associated with sudden cardiac arrest continue to rise, a need for more defibrillators has become apparent.
Within the industry, implantable cardioverter defibrillators are the “most lucrative product segment” and expected to grow at a rate of over 6% through 2020. Additionally, the product is predicted to remain as the “most revenue generating segment of the market” over the next four years.
While North America accounted for 35% of the defibrillator market in 2013, Asia Pacific has been identified as the most lucrative region of the market thanks to the presence of high unmet needs in China and India and growing patient awareness levels in these emerging markets.
Visit RIT to Rent an AED
You can never be too careful. If you operate a summer camp or pool, a health club, sports league, or an event that draws large or even small crowds, you may want to consider having an automated electronic defibrillator on hand just in case. Prefer to rent rather than buy? AED Consulting can help.
Offering a wide selection of AED units and specialized accessories including trainers, wall brackets and more, AED Consulting is the go-to source for AED units for your event, organization, or business. Each of the company’s rental AED units is up-to-date with current American Heart Association guidelines and inspected before and after each rental. Additionally, AED Consulting offers great customer service, expert analysis and an easy rental process.
For medical equipment rentals near you, visit Rent It Today’s Medical Equipment page.