India Defibrillator Market Size & Outlook, 2024-2030
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India defibrillator market highlights
- The India defibrillator market generated a revenue of USD 268.6 million in 2023 and is expected to reach USD 516.9 million by 2030.
- The India market is expected to grow at a CAGR of 9.8% 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 268.6 million |
| Market revenue in 2030 | USD 516.9 million |
| Growth rate | 9.8% (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, India accounted for 3.7% of the global 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.
External defibrillator was the largest segment with a revenue share of 57.89% in 2024. Horizon Databook has segmented the India defibrillator market based on implantable cardioverter defibrillator (icd), external defibrillator covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Indian College of Cardiology – National Heart Failure Registry, heart failure is one of the most causes of hospitalization in India, affecting around 1% of the total population, which is around 8 to 10 million people annually.
The first-time heart attack mortality in the country was around 15% to 20%, much higher than in developed economies (4% to 5%). The major factors contributing to the growth of the high prevalence are smoking tobacco and alcohol consumption.
According to a study by India Today in 2018, 600 million people are suffering from obesity, and this number is expected to rise in the near future. Hence, the demand for defibrillators in public places is growing. For instance, in December 2019, Indian Medical Association (IMA) mandated the installation of AEDs across public places in India.
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Defibrillator Market Scope
Defibrillator Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ZOLL Medical Corporation | View profile | 1001-5000 | Chelmsford, Massachusetts, United States, North America | http://www.zoll.com/ |
| SCHILLER | View profile | 501-1000 | Feldkirchen, Bayern, Germany, Europe | https://www.schillermed.de/ |
| MicroPort Scientific Corp | View profile | 8230 | 1601 Zhangdong Road, Zhangjiang Hi-Tech Park, Shanghai, China, People's Republic of, 201203 | https://www.microport.com |
| BIOTRONIK | View profile | 5001-10000 | Berlin, Berlin, Germany, Europe | https://www.biotronik.com/de-de |
| Nihon Kohden Corp | View profile | 6325 | 31-4 Nishiochiai 1-chome, Shinjuku-ku, Tokyo, Japan, 1618560 | http://www.nihonkohden.co.jp |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
India defibrillator market size, by product, 2018-2030 (US$M)
India Defibrillator Market Outlook Share, 2024 & 2030 (US$M)
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