Latin America is expected to contribute in the defibrillator market, especially in the key regions including Brazil, Mexico and others. Brazil has considerable contribution in the market due to rise in heart diseases across the country. Obesity and overweight are the key factors responsible for heart diseases such as CVD, CDH, HF, and stroke. The government of Brazil is promoting AED and creating awareness about life-threatening diseases such as CVD, CHD and HF.Brazil is an emerging economy and has improved healthcare system with quality care and economic cost of surgeries. The healthcare spending of Brazil has improved over the years and the per capita income of Brazilians has risen above 25%. The defibrillator market is increasing in Brazil due to huge CVD, CHD and other heart patients.
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CVD and diabetes are responsible for around 38% deaths in Brazil. However, fatality has decreased and life expectancy has improved to 73 from 52 years. Urbanization, adoption of innovative defibrillation devices, and improved healthcare system are expected to drive the Brazilian defibrillator market. Whereas, Mexico has made considerable advancement in healthcare systems in the Latin American region and enables to provide quality healthcare to the citizens at marginally higher prices. CVD, CHD, stroke, heart failure, atrial fibrillation and other heart diseases are the leading causes of fatalities in Mexico.
According to WHO, high blood pressure, hypertension, obesity, CVD, CHD, and stroke are more prevalent in Mexico; and harmful stress, depression, excessive consumption of alcohol, excessive smoking, hypertension, diabetes, obesity and poor diet are the major factors for heart diseases, which are also prevalent in Mexico. However, improvement in healthcare system and government programs to make citizen aware about heart diseases such as cardiac arrest is expected to curb fatalities. The Mexican government has implemented various healthcare schemes for its citizens. Development in healthcare system and adoption of defibrillation technology enabled to save many lives in Mexico as a result, life expectancy has increased in Mexico.
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Latin American Defibrillators Market Segmentation
By Type
- Implantable Cardioverter Defibrillators
- External Cardioverter Defibrillators
By End-Users
- Hospitals
- Ambulatory Services and Others
Regional Analysis
- Brazil
- Mexico
Rest of Latin America
Company Profiles
- Abbott Laboratories Inc.
- Biotronik SE & Co. KG
- Fukuda Denshi Co. Ltd.
- General Electric Co.
- HeartSine Technologies
- Koninklijke Philips N.V.
- LivaNova PLC
- Medtronic PLC
- Nihon Kohden Corp.
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