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 the largest share of 89.9% in the AED market in 2013, followed by Canada. The North American AED market holds high growth potential in the future due to a number of forces favoring this market. These include rising incidences of cardiovascular diseases and sudden cardiac arrest (SCA), increasing awareness about SCA and the life-saving potential of AEDs, and 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 one more 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 is significantly affecting the market.
In this report, the North American Automated External Defibrillators market is broadly classified on the basis of product type, equipment price, and end users. The product segment is classified into semi-automated external defibrillators and fully-automated external defibrillators. Based on end users, the AED market is categorized into public facilities, hospitals, pre-hospitals, homecare and nursing homes, and others.
Geographically, the market is divided into two countries, namely the U.S. and Canada. The U.S. commanded the largest share of 89.9% of the North American AED market in 2013, followed by Canada. Canada is estimated to grow at a CAGR of 6.8% during the forecast period from 2014 to 2019. The U.S. forms the largest market for AEDs with about 200,000 units sold annually for public use. The strong competition in the U.S. market has brought about a significant decrease in AED costs. Following the enforcement of a federal law in the U.S. that necessitates the installation of public access defibrillators (PAD) in public places, a large number of AEDs have been installed, resulting in the growth of this market in this region.
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