U.S. Defibrillator Market Size & Outlook, 2024-2030
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U.S. defibrillator market highlights
- The U.S. defibrillator market generated a revenue of USD 2,636.7 million in 2023 and is expected to reach USD 4,320.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, implantable cardioverter defibrillator (icd) 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 2,636.7 million |
| Market revenue in 2030 | USD 4,320.1 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Implantable cardioverter defibrillator (icd) |
| 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, U.S. accounted for 36.0% 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 North America, U.S. defibrillator market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 768.6 million by 2030.
Implantable cardioverter defibrillator (icd) was the largest segment with a revenue share of 51.65% in 2024. Horizon Databook has segmented the U.S. defibrillator market based on implantable cardioverter defibrillator (icd), external defibrillator covering the revenue growth of each sub-segment from 2018 to 2030.
With the rise in the prevalence of sudden cardiac arrests in the U.S. and the high mortality associated with these diseases, the demand for defibrillators is expected to rise. According to the Heart and Stroke Statistics 2022 by American Heart Association, over 356,000 out-of-hospital cardiac arrests are reported in the U.S. annually, and around 90% of them are fatal.
One of the major drivers in the U.S. for defibrillators is the availability of reimbursement policies. Defibrillators are also eligible for Flexible Spending Account (FSA), Health Saving Account (HSA), and Health Reimbursement Arrangement (HRA).
An FSA enables the employee to invest a part of his salary for medical expenses, and money deducted from this account is tax-free. In addition, FSAs are not eligible for payroll taxes. HSA is a savings account for medical expenses, accessible to citizens of the U.S. who have enrolled in the High-Deductible Health Plan (HDHP).
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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 |
U.S. defibrillator market size, by implantable cardioverter defibrillator (icd), 2018-2030 (US$M)
U.S. Defibrillator Market Outlook Share, 2024 & 2030 (US$M)
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