Thailand Defibrillator Market Size & Outlook, 2024-2030
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Thailand defibrillator market highlights
- The Thailand defibrillator market generated a revenue of USD 70.8 million in 2023 and is expected to reach USD 133.5 million by 2030.
- The Thailand market is expected to grow at a CAGR of 9.5% 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 70.8 million |
| Market revenue in 2030 | USD 133.5 million |
| Growth rate | 9.5% (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, Thailand accounted for 1.0% 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 52.82% in 2024. Horizon Databook has segmented the Thailand 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 Bangkok Hospital Statistics, cardiac arrest is considered a public health concern in Thailand, with more than 50,000 deaths yearly. This accounts for 40 deaths in 100 cases of cardiac arrest. This high mortality is a major concern in Thailand and has boosted the adoption of defibrillators in private and public settings.
Hence, the Thai Government is constantly launching various initiatives and campaigns to increase public access to defibrillators. This is expected to contribute to the growing demand for defibrillators in the country and drive the market's growth over the forecast period.
For instance, in August 2021, the Ministry of Public Health signed a memorandum to install 1,100 AEDs in 76 provinces of Thailand, and around 262 AEDs were donated to the Royal Thai Police. With the growing demand for defibrillators, many major players are entering the market to cater to the growing demand and gain a competitive edge in the market.
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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 |
Thailand defibrillator market size, by product, 2018-2030 (US$M)
Thailand Defibrillator Market Outlook Share, 2024 & 2030 (US$M)
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