Defibrillator is a device used to deliver therapeutic high energy electric shock to the heart which causes depolarization of the heart muscles. It is used to treat various conditions such as cardiac arrhythmia, pulseless ventricular tachycardia and ventricular fibrillation. The global defibrillators market is growing at a significant rate, due to technological improvement, and mounting occurrence of target diseases. The market has witnessed high demand for implantable cardioverter defibrillators over the last few years due to technologically innovative devices, escalating adoption of cardiac resynchronization therapy defibrillators (CRT-Ds) and escalating occurrence of cardiovascular diseases.

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Frequent product recall, absence of alertness about sudden cardiac arrest and problems related to the usage of implantable and mechanical external defibrillators are the major challenges for the growth of defibrillators market.

Novel product introductions and approvals were major stratagems implemented by key industry players to upsurge their market share and provide unmet requirements. In addition, globally, the manufacturing companies trying to enter the cardiac monitoring and cardiac rhythm management market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players.

Asia-Pacific is observed to witness fastest growth in the market, as the region comprises of large population base and mounting geriatric population. In addition, escalating occurrence of cardiovascular diseases, mounting healthcare expenditure, refining healthcare infrastructure and upsurge in medical tourism are also creating a positive impact on the defibrillators industry growth in the region.

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In addition, in May 2018, Medtronic announced study results of exclusive AdaptivCRT algorithm associated with improved patient survival. Medtronic Plc., Cardiac Science, St. Jude Medical, Nihon Kohden, Boston Scientific, Philips, Biotronik, Zoll Medical, Physio-Control, Livanova, and Schiller are the key players offering defibrillators.

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