HNY Research projects that the Defibrillators market size will grow from USD 10.75 Billion in 2017 to USD 16.50 Billion by 2023, at an estimated CAGR of 7.4%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The development of technologically advanced defibrillators, rapid growth in the aging population with high risk of target diseases, growing focus of public and private organizations and key market players toward public access defibrillation, and increasing number of training and awareness programs across the globe are the major factors driving the growth of the market.