Mexico Defibrillator Market Size & Outlook, 2024-2030
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Mexico defibrillator market highlights
- The Mexico defibrillator market generated a revenue of USD 105.5 million in 2023 and is expected to reach USD 179.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.9% 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 105.5 million |
| Market revenue in 2030 | USD 179.2 million |
| Growth rate | 7.9% (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, Mexico accounted for 1.4% 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 55.73% in 2024. Horizon Databook has segmented the Mexico defibrillator market based on implantable cardioverter defibrillator (icd), external defibrillator covering the revenue growth of each sub-segment from 2018 to 2030.
Penetration of medical devices in Mexico is low due to the language barrier and low investment in healthcare. Mexico’s healthcare system is dominated by private players, and healthcare delivery through private entities in Mexico operates entirely as a free market.
According to the International Trade Administration, in 2021, around USD 5.9 billion worth of medical devices were imported into the country. For new entrants in the Mexican market, the Ministry of Health provides limited information about medical devices and IVDs in English; all the documentation must also be prepared in Spanish.
According to a study by the National Institute of Statistics and Geography, SCA in Mexico is the leading cause of death in people above 65 years is SCA in Mexico. The availability of PAD in Mexico is low. Thus it may be a potential market for companies planning to increase their geographical footprint.
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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 |
Mexico defibrillator market size, by product, 2018-2030 (US$M)
Mexico Defibrillator Market Outlook Share, 2024 & 2030 (US$M)
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