Defibrillators Market Size to Hit USD 15.80 Billion by 2033

The global defibrillators market size was estimated at USD 7.40 billion in 2023, growing at a CAGR of 7.88% from 2024 to 2033.

The defibrillators market focuses on the devices used to deliver an electric shock to the heart, helping to restore normal heart rhythms in cases of cardiac arrest or other serious cardiac events. Defibrillators play a critical role in emergency medical care and are widely used in hospitals, clinics, and public places such as airports and shopping centers.

Defibrillators Market Size 2024 to 2033

Key Points

The North America defibrillators market size reached USD 3.11 billion in 2023 and is projected to surpass around USD 6.64 billion by 2033.
North America held the largest share of 42% in the defibrillators market in 2023.
Asia Pacific has accounted for 21% market share in 2023 and it is expected to witness the fastest growth during the forecast period.
By product, the Implantable cardioverter defibrillators (ICDs) segment holds the largest share of 52% in 2023.
By product, the External Defibrillators (ED) segment has accounted market share of 48% in 2023.
By end use, the hospital segment held the dominant share of around 79.30% in 2023.
By end use, the public access market segment is expected the fastest growth during the forecast period.

Growth Factors:

The growth of the defibrillators market is primarily driven by the increasing prevalence of cardiovascular diseases and the rising awareness of the importance of early defibrillation in saving lives. Advancements in defibrillator technology, such as the development of automated external defibrillators (AEDs), have also contributed to market growth. Additionally, government initiatives to equip public spaces with AEDs are further propelling market expansion.

Region Insights:

Region-wise, the defibrillators market varies in terms of adoption and regulatory landscape. In North America, for instance, the market is well-established due to a high awareness of cardiac health and extensive healthcare infrastructure. Europe also shows strong market growth, driven by similar factors. In emerging markets like Asia-Pacific and Latin America, increased healthcare investments and rising awareness of cardiac health are leading to higher defibrillator adoption.

Defibrillators Market Scope

Report Coverage	Details
Growth Rate from 2024 to 2033	CAGR of 7.88%
Global Market Size in 2023	USD 7.40 Billion
Global Market Size in 2024	USD 7.98 Billion
Global Market Size by 2033	USD 15.80 Billion
Largest Market	North America
Base Year	2023
Forecast Period	2024 to 2033
Segments Covered	By Product, By End-use, and By Patient Type
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Defibrillators Market Dynamics

Drivers:

Key drivers of the defibrillators market include the increasing incidence of cardiac arrests globally and the growing demand for defibrillators in both hospital and non-hospital settings. Technological innovations such as portable and easy-to-use AEDs have expanded the market, while regulatory support and public health campaigns have increased accessibility to defibrillators.

Opportunities:

Opportunities in the defibrillators market include the potential for further technological advancements, such as integration with mobile apps and cloud-based data storage for better patient monitoring. Additionally, expanding defibrillator availability in public spaces and underserved regions presents growth opportunities for market players.

Challenges:

The defibrillators market faces challenges such as high costs of devices and maintenance, which may limit adoption, especially in low-income regions. Regulatory hurdles and stringent approval processes can also impede market entry for new players. Addressing these challenges will be important for the continued growth and accessibility of defibrillators worldwide.

Defibrillators Market Recent Developments

In April 2024, the Welsh Ambulance Service tested the use of drones to deliver defibrillators. This project called the Drone-Delivered Defibrillators study (or 3D project), is a partnership between the Welsh Ambulance Service, the University of Warwick, and SkyBound.
In November 2023, the Indian government announced the installation of 50 automated defibrillators in public places. These initiatives involve 85 hospitals at district and taluk centers as spoke centers and create 10 hubs across 16 major hospitals in cities.

Defibrillators Market Companies

Medtronic
Abbott
Boston Scientific Corporation
BIOTRONIK SE & Co. KG
MicroPort Scientific Corporation
Koninklijke Philips N.V.
Stryker.
ZOLL Medical Corporation

Segment Covered in the Report

By Product

Implantable Cardioverter Defibrillators (ICD)
- S-ICD
- T-ICD
  - Single Chamber
  - Dual Chamber
  - CRT-D
External Defibrillators (ED)
- Manual ED
- Automated ED
- Wearable Cardioverter Defibrillators