Colombia Defibrillator Market Size & Outlook, 2024-2030
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Colombia defibrillator market highlights
- The Colombia defibrillator market generated a revenue of USD 91.8 million in 2023 and is expected to reach USD 151.8 million by 2030.
- The Colombia market is expected to grow at a CAGR of 7.4% 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 91.8 million |
| Market revenue in 2030 | USD 151.8 million |
| Growth rate | 7.4% (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, Colombia accounted for 1.3% 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 Latin America, Brazil defibrillator market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 179.2 million by 2030.
Implantable cardioverter defibrillator (icd) was the largest segment with a revenue share of 57.41% in 2024. Horizon Databook has segmented the Colombia defibrillator market based on implantable cardioverter defibrillator (icd), external defibrillator covering the revenue growth of each sub-segment from 2018 to 2030.
In Colombia, IHD is one of the leading causes of death, followed by stroke. For instance, as per IHME, there has been an increase in the percentage of people who have died due to IHD from 2007 to 2017 by 27.8% and 16.5% due to stroke.
As per the article published in the Colombia Journal of Anesthesiology in June 2020, the incidence of cardiac arrest in ICU settings in Colombia was 17.1%. In addition, Colombia ranked 22 out of 191 countries when WHO assessed the healthcare systems.
Furthermore, according to the América Economía latest annual list of Latin America’s top hospitals, 23 out of 58 hospitals were based in the country. This means that the top hospitals are located in Colombia. Many hospitals and clinics around the country offer complex procedures, contributing to overall market growth.
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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 |
Colombia defibrillator market size, by product, 2018-2030 (US$M)
Colombia Defibrillator Market Outlook Share, 2024 & 2030 (US$M)
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