China Defibrillator Market Size & Outlook, 2024-2030
China Defibrillator Market, 2018-2030 (US$M)
Global Report
Related Markets
China defibrillator market highlights
- The China defibrillator market generated a revenue of USD 292.5 million in 2023 and is expected to reach USD 549.4 million by 2030.
- The China market is expected to grow at a CAGR of 9.4% from 2024 to 2030.
- In terms of segment, external defibrillator was the largest revenue generating product in 2023.
- External Defibrillator is the most lucrative product segment registering the fastest growth during the forecast period.
Defibrillator market data book summary
| Market revenue in 2023 | USD 292.5 million |
| Market revenue in 2030 | USD 549.4 million |
| Growth rate | 9.4% (CAGR from 2023 to 2030) |
| Largest segment | External defibrillator |
| Fastest growing segment | External Defibrillator |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Implantable Cardioverter Defibrillator (ICD), External Defibrillator |
Other key industry trends
- In terms of revenue, China accounted for 4.0% of the defibrillator market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan defibrillator market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 516.9 million by 2030.
In China, defibrillators can be classified as class III medical devices. This class of medical devices must be approved by the Food and Drug Administration (FDA) of the State Council. To produce such devices, the company must apply for approval from the FDA of the province, municipality under the central government, or autonomous region where it is located.
The validity of such permits is normally for 5 years, although it can be extended with the necessary documentation. The patients using a class III medical device should have proper documentation. China’s ICDs and CRT-D market segment is also expected to grow.
Moreover, government reforms to improve economic conditions and healthcare access will likely boost the medical devices trade and in-house manufacturing. This is anticipated to influence the defibrillators market in China, making it a potential regional market.
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Publish Date: Oct 09, 2024
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Defibrillator Market Scope
Defibrillator Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Stryker Corp | View profile | 52,000 | 1941 Stryker Way, Portage, MI, United States, 49002 | www.stryker.com |
| Boston Scientific Corp | View profile | 48,000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | www.bostonscientific.com |
| Nihon Kohden Corp | View profile | 6,325 | 31-4 Nishiochiai 1-chome, Shinjuku-ku, Tokyo, Japan, 1618560 | www.nihonkohden.co.jp |
| BIOTRONIK | View profile | 5001-10000 | Berlin, Berlin, Germany, Europe | www.biotronik.com/de-de |
| MicroPort Scientific Corp | View profile | 8,230 | 1601 Zhangdong Road, Zhangjiang Hi-Tech Park, Shanghai, China, People's Republic of, 201203 | www.microport.com |
| SCHILLER | View profile | 501-1000 | Feldkirchen, Bayern, Germany, Europe | www.schillermed.de/ |
| ZOLL Medical Corporation | View profile | 1001-5000 | Chelmsford, Massachusetts, United States, North America | www.zoll.com/ |
China Defibrillator Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Defibrillator Market Outlook will help companies and investors design strategic landscapes.
External Defibrillator was the largest segment with a revenue share of 54.05% in 2023.
Horizon Databook has segmented the China defibrillator market based on implantable cardioverter defibrillator (icd), external defibrillator covering the revenue growth of each sub-segment from 2018 to 2030.
In China, defibrillators can be classified as class III medical devices. This class of medical devices must be approved by the Food and Drug Administration (FDA) of the State Council. To produce such devices, the company must apply for approval from the FDA of the province, municipality under the central government, or autonomous region where it is located.
The validity of such permits is normally for 5 years, although it can be extended with the necessary documentation. The patients using a class III medical device should have proper documentation. China’s ICDs and CRT-D market segment is also expected to grow.
Moreover, government reforms to improve economic conditions and healthcare access will likely boost the medical devices trade and in-house manufacturing. This is anticipated to influence the defibrillators market in China, making it a potential regional market.
- China Defibrillator Market Product Outlook (Revenue, USD Million , 2018-2030)
- Implantable Cardioverter Defibrillator (ICD)
- External Defibrillator
- China Defibrillator Market end Use Outlook (Revenue, USD Million , 2018-2030)
- Hospital
- Pre hospital
- Public Access market
- Alternate care market
- Home healthcare
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Horizon Databook provides a detailed overview of country-level data and insights on the China Defibrillator Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Defibrillator Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Defibrillator Market, 2018-2030 (US$M)
China defibrillator market statistics, by product, 2018-2030 (US$M)
