Thailand Defibrillator Market Size & Outlook, 2024-2030
Thailand Defibrillator Market, 2018-2030 (US$M)
Global Report
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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 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.
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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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/ |
Thailand 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 52.82% in 2023.
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.
- Thailand Defibrillator Market Product Outlook (Revenue, USD Million , 2018-2030)
- Implantable Cardioverter Defibrillator (ICD)
- External Defibrillator
- Thailand 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 Thailand Defibrillator Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Thailand Defibrillator Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Thailand Defibrillator Market, 2018-2030 (US$M)
Thailand defibrillator market statistics, by product, 2018-2030 (US$M)
