Defibrillators Business Insights

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Defibrillators Business Insights - Emerging
Markets such as China, India, Brazil, and Mexico
to Offer New Growth Opportunities for Market
Players in Near Future Over the last five
years, the defibrillators market has
witnessed significant geographic expansions by
leading vendors seeking to expand their presence
and achieve economies of scale in emerging
countries. These strategic expansions by leading
vendors have enabled them to maintain their
position in this market as well as offer a wide
portfolio of defibrillator devices. Find Report
_at_ http//www.marketsandmarkets.com/pdfdownload.asp
?id549
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North America (including the U.S. and Canada), a
major part of Europe, and Japan are mature
markets for defibrillator devices. However,
developing regions such as Asia-Pacific
(including China and India), Latin America, and
the Middle East are expected to become new
revenue- generating markets for players operating
in the defibrillators market in the coming years.
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The defibrillators market in these emerging
regions is primarily driven by factors such
as the presence of a large patient pool,
rapidly aging population, and rising focus of key
players on developing countries. Leading players
such as Koninklijke Philips N.V. (Netherlands),
Boston Scientific Corporation (U.S.), BIOTRONIK
SE Co. KG (Germany), Nihon Kohden Corporation
(Japan), and Sorin Group (Italy) are focusing on
expanding their presence in these emerging
markets by adopting a number of strategies such
as launch of low-cost devices, conducting
training services for healthcare professionals,
and opening RD and manufacturing facilities.
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In the Asia-Pacific region, the market in China
is estimated to grow at the highest CAGR in the
next five years. A number of factors such as
government initiatives (in the form of healthcare
reforms and investments), rising aging population
and incidence/prevalence of cardiovascular
diseases (such as coronary heart disease,
heart failure, and stroke), and growing
focus of market players are the major factors
contributing to the growth of the defibrillators
market in China.
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Owing to these factors, market players such as
Sorin Group (Italy) are expanding their research
and development facilities in China to meet the
increasing demand for defibrillator devices in
the country. Moreover, the defibrillators market
in India is also expected to witness significant
growth in the forecast period. The evolving
defibrillators market in India offers
significant growth opportunities for players,
due to factors such as high incidence and
prevalence of cardiovascular diseases,
increasing penetration by global market
players in India, rising medical tourism,
and easy regulatory approvals. Furthermore,
the combined efforts of government agencies
and public-sector organizations to increase
healthcare awareness have made Asia-Pacific an
attractive market for defibrillator device
manufacturers.
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Defibrillators used for public access markets and
homes as well as hospitals are expected to
provide high growth opportunities for market
players. The growth in these segments is driven
by various factors such as the rising incidences
of cardiac diseases at out-of-hospital settings,
technological advancements in terms of
increased longevity, rapid growth in the
geriatric population across the globe,
growing number of implant procedures in
hospitals, and increasing awareness among
healthcare professionals about defibrillator
devices. Several companies such as Koninklijke
Philips N.V. (Netherlands), ZOLL Medical
Corporation (U.S.), Cardiac Science Corporation
(U.S.), and Physio-Control, Inc. (U.S.) are
investing in the development of easy-to-use
AEDs to gain more profits and increase their
share in the global external defibrillators
market. Find Report _at_ http//www.marketsandmarket
s.com/Market-Reports/automated-external-defibrilla
tor-market-549.html