The key driver behind the advancement of the market is the rising occurrence of cardiac diseases, especially among the geriatric population. AED is a lightweight, portable device, which is used to deliver a shock to the heart, to stop an irregular heart beat (arrhythmia) and bring back the sinus rhythm, after a sudden cardiac arrest (SCA).

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The increasing population of the elderly is one of the most significant factors driving the automated external defibrillator (AED) market. Globally, it has been witnessed that the U.S. has the fastest growing geriatric population, after China and Japan, and, the major cause of mortality in the elderly is coronary heart disease (CHD). Thus, the growing number of the elderly has increased the demand for AEDs, and it is projected that the need for various types of such equipment would further boost the growth of the market during the forecast period.

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Of the two categories under the type segment of the market — non-wearable and wearable — the non-wearable category accounted for the higher revenue in 2018. It is predicted to generate a $3,142.2 million revenue by 2030 and advance at a CAGR of 8.9% during the forecast period. It is mainly due to the rising awareness about the better safety features of such AEDs and also because they are easy to maintain and handle.

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Globally, North America is projected to account for the largest revenue share in the automated external defibrillator (AED) market in 2030. This can be attributed to the existence of established players in the market, rising geriatric population, and increasing awareness among people about the usage of AEDs during a cardiac arrest. Other regions, such as Asia-Pacific (APAC), Latin America (LATAM), and Middle East and Africa (MEA), also hold considerable shares in the market.

The market displays considerable growth potential for the forecast period due to the demand for advanced devices and the increasing geriatric population that requires AEDs in cases of SCA.

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