"North American Automated External Defibrillator (AED) Market - Forecast to 2019" Published

North American Automated External Defibrillator (AED) Market by Product (Semi-Automated External Defibrillators and Fully-Automated External Defibrillators), by End-User (Public Facilities, Hospitals, Homecare & Nursing Homes) -Forecast to 2019

The North American automated external defibrillator (AED) market is estimated to grow at a CAGR of 6.8% from 2014 to 2019. The U.S. held a larger share of the automated external defibrillator (AED) market with about 89.9% in 2013, followed by Canada. The North American automated external defibrillator (AED) market holds high potential for growth in future, due to a number of forces that favor this market. These include the rising incidences of cardiovascular diseases and sudden cardiac arrest (SCA), increasing awareness of SCA and the life-saving potential of AEDs, and an implementation of public access defibrillation programs in various countries. However, product recalls have cost companies millions of dollars, affecting their revenues and in turn having an adverse effect on the AED market. Moreover, the U.S. economy has not fully recovered from the economic crisis with experts predicting that it will take at least a year to return to the growth path. Since an AED is capital equipment, customers are not willing to invest in it until the economic condition improves; this significantly affects the market.

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In this report, the North American automated external defibrillator (AED) market is broadly classified on the basis of product types, pricing of the equipment, and end-users. The products segment is classified into semi-automated external defibrillators and fully-automated external defibrillators. Based on end-users, the automated external defibrillator (AED) market is categorized into public facilities, hospitals, pre-hospitals, homecare & nursing homes, and others.

Geographically, the market is divided into two countries, namely the U.S. and Canada. The U.S. is estimated to command the largest share of 89.9% of the North American automated external defibrillator (AED) market in 2013, followed by Canada. Canada is estimated to grow at a CAGR of 6.8% from 2014 to 2019. The U.S. forms the largest market for AEDs with about 200,000 units sold annually for public use. Strong competition in the U.S. market has brought about a significant decrease in AED costs. Following the enforcement of federal law that necessitates the installation of public access defibrillators (PAD), a large number of AEDs have been installed at public places in the U.S., resulting in growth in this region.

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