Thailand Cardiac Rhythm Management Devices Market Size & Outlook
Thailand cardiac rhythm management devices market, 2018-2030 (US$M)
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Thailand cardiac rhythm management devices market highlights
- The Thailand cardiac rhythm management devices market generated a revenue of USD 160.2 million in 2024 and is expected to reach USD 251.0 million by 2030.
- The Thailand market is expected to grow at a CAGR of 7.8% from 2025 to 2030.
- In terms of segment, defibrillators was the largest revenue generating product in 2024.
- Defibrillators is the most lucrative product segment registering the fastest growth during the forecast period.
Cardiac rhythm management devices market data book summary
| Market revenue in 2024 | USD 160.2 million |
| Market revenue in 2030 | USD 251.0 million |
| Growth rate | 7.8% (CAGR from 2024 to 2030) |
| Largest segment | Defibrillators |
| Fastest growing segment | Defibrillators |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pacemakers, Defibrillators, Cardiac Resynchronization Therapy (CRT) |
| Key market players worldwide | Stryker Corp, BIOTRONIK, SCHILLER, Medtronic PLC, Abbott Laboratories, Koninklijke Philips NV, ZOLL Medical Corporation, Boston Scientific Corp, LivaNova PLC, Progetti Medical |
Other key industry trends
- In terms of revenue, Thailand accounted for 0.9% of the global cardiac rhythm management devices market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan cardiac rhythm management devices 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 921.0 million by 2030.
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Cardiac Rhythm Management Devices Market Scope
Cardiac Rhythm Management Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand cardiac rhythm management devices 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 cardiac rhythm management devices market will help companies and investors design strategic landscapes.
Defibrillators was the largest segment with a revenue share of 48.31% in 2024. Horizon Databook has segmented the Thailand cardiac rhythm management devices market based on pacemakers, defibrillators, cardiac resynchronization therapy (crt) 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 CRM market's growth over the forecast period.
Thailand's aging population has contributed to the growing demand for CRM devices, as more individuals require medical intervention to manage age-related health issues. According to the national statistics report of Thailand, a total of 67 million population and 12 million Thais are elderly.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand cardiac rhythm management devices market, including forecasts for subscribers. This country databook contains high-level insights into Thailand cardiac rhythm management devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand cardiac rhythm management devices industry size, by product, 2018-2030 (US$M)
Thailand Cardiac Rhythm Management Devices Market Share, 2024 & 2030 (US$M)
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