Defibrillators Market Growth Trends 2023-2033: Forecast and Opportunities

According to the latest market analysis by Persistence Market Research, the global defibrillator market was valued at a staggering US$ 11.4 billion in 2021. Projections indicate that this market is poised for remarkable growth, with an anticipated compound annual growth rate (CAGR) of 7.4% during the period of 2022 to 2032. By the end of this forecast period, the market is expected to reach an impressive US$ 24.9 billion.
The Rise of Wearable Cardioverter Defibrillators: Bridging the Gap
As the market evolves, wearable cardioverter defibrillators (WCDs) have emerged as a game-changer, offering patients a temporary solution or a bridge to long-term implanted cardioverter defibrillator (ICD) implantation. Companies like ZOLL, a prominent US-based manufacturer, have pioneered wearable defibrillators like the LifeVest, designed to continuously monitor the heart and deliver therapy shocks to restore normal rhythm in case of life-threatening arrhythmias.