Defibrillator Market Projected for Substantial Growth in Coming Years

Market Size and Growth

The defibrillator market has experienced significant growth in recent years, with the market size estimated at USD 707 billion in 2023. This figure is expected to climb to USD 1398 billion by 2031, reflecting a steady upward trajectory.

Factors Driving Growth

Several factors are fueling this market growth, including: * Increasing prevalence of cardiovascular diseases * Expanding patient pool for defibrillators due to advancements in technology * Rising demand for portable defibrillators for out-of-hospital applications