Defibrillators Market Size, Share & Trends Report

Defibrillators Market Size, Share & Trends Analysis Report By Product (EDs, ICDs), By End-use (Hospital, Public Access Market, Alternate Care Market), By Region (North America, Asia Pacific), And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-368-3
  • Number of Pages: 150
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2022
  • Industry: Healthcare

Research Methodology

A three-pronged approach was followed for deducing the defibrillators market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for defibrillators market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of defibrillators market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Defibrillators Market Categorization:

The defibrillators market was categorized into four segments, namely product (Implantable Cardioverter Defibrillators, External Defibrillators), end-use (Hospital, Pre-hospital, Public Access Market ,Alternate Care Market, Home Healthcare), and regions (North America, Europe, Asia Pacific, Latin America, MEA).

Segment Market Methodology:

The defibrillators market was segmented into product, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The defibrillators market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and MEA, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-three countries, namely, the U.S.; Canada; Germany; the UK.; France; Italy; Spain; Denmark; Sweden; Norway; China; India; Japan; South Korea; Australia; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; and Kuwait

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Defibrillators market companies & financials:

The defibrillators market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Abbott - Abbott is a U.S.-based healthcare and pharmaceutical company, dealing in four core business segments: pharmaceuticals, medical devices, nutrition, and diagnostics. The company has a presence in more than 150 countries through its research, manufacturing, sales, and distribution facilities.

  • Medtronic -Medtronic is a global healthcare products company that manufactures medical devices. This company has operations in various healthcare verticals, such as patient monitoring, renal care, and pulse oximetry. It also manufactures advanced energy-based surgical devices, gastrointestinal devices, brain monitoring equipment, and mechanical ventilation. It acquired six companies from 2019 to 2020.

  • Stryker - Stryker is a publicly owned multinational organization. It is one of the global leaders in medical technology and among the Fortune 500 companies. The company offers a wide portfolio of products and services in healthcare segments, including orthopedics, spine & neurotechnology, and medical & surgical devices. It is operational in over 100 countries in the form of branches, subsidiaries, distributors, and third-party dealers. The company focuses on improving patient lives and hospital outcomes through innovations & quality products.

  • Zoll Medical Corporation - Zoll Medical Corporation has been a wholly owned subsidiary of Asahi Kasei Corporation since April 2012. The company offers products, such as defibrillators/monitors, AEDs, devices for temperature management, automated CPR, data, ventilators, wearable defibrillators, IPR therapy, fluid resuscitation, and accessories. The company majorly operates in the U.S. market; however, it is expanding its reach throughout Europe and Asia by collaborating with the healthcare businesses of Asahi Kasei. The company operates in the Netherlands, France, Italy, the UK, and Germany across Europe. It is also present in Australia.

  • Biotronik SE & Co.KG - Biotronik SE & Co.KG is a privately held medical device company. The company offers a range of products, services, and solutions for cardiac rhythm management and vascular intervention. These include pacemakers, cardioverter defibrillators, MR conditional devices, balloon catheters, and guide wires. The company has branches in a dozen countries and offers its portfolio of products in more than 100 countries.

  • Boston Scientific Corporation - Boston Scientific Corporation, currently doing business as Boston Scientific, deals with medical specialty products such as interventional radiology, cardiology, neuromodulators, vascular surgery products, and diagnostic monitoring products. The company is present in more than 130 countries. In June 2012, the company acquired Cameron Health, which is known for its minimally invasive implantable cardioverter defibrillators.

  • Nihon Kohden Corporation - Nihon Kohden Corporation is a publicly operated multinational medical devices company. The company classifies its products into four categories: Physiological Measuring Equipment, Patient Monitors, Treatment Equipment, and Other Medical Equipment. The different products offered by Nihon Kohden include EEGs, ECGs, remote access software, clinical information systems, AEDs, ventilators, hematology analyzers, and clinical chemistry analyzers.

  • SCHILLER-Reomed AG - SCHILLER-Reomed AG is a privately held medical device company. The company offers a range of devices for defibrillation, cardiopulmonary diagnostics, and patient monitoring. These include diagnostic analysis programs, pulmonary function testing, diagnostic stations, emergency care & resuscitation devices, and resting ECG devices. In addition, the company also offers software solutions for the medical industry. The company’s 30 subsidiaries are spread across the globe and have a strong sales network in the respective regions.

  • MS Westfalia GmbH - MS Westfalia GmbH is a privately held company involved in medical equipment manufacturing and distribution. The company offers a diverse portfolio of products and services. These include X-ray equipment, ophthalmology equipment, surgical lights, emergency & critical care equipment, production facilities, and more. It focuses on creating novel medical solutions according to the latest technical standards. The company primarily operates in the European and Asian markets.

  • AMI Italia S.r.l. - AMI Italia S.r.l. is a privately held medical device company. It manufactures and imports medical devices, such as electromedical equipment and specialized medical materials. AMI Italia develops, manufactures, and markets a range of external automatic defibrillators. The company sells its products in over 50 countries. In addition, the company also offers technical support services for its AED devices and accessories.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Defibrillators Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Defibrillators Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

What questions do you have? Get quick response from our industry experts. Request a Free Consultation



This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.



We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

esomar icon

ESOMAR certified & member


ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.

great place to work icon