Thailand Implantable Cardioverter Defibrillators Market Size & Outlook
Thailand implantable cardioverter defibrillators market, 2018-2030 (US$M)
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Thailand implantable cardioverter defibrillators market highlights
- The Thailand implantable cardioverter defibrillators market generated a revenue of USD 33.4 million in 2023 and is expected to reach USD 57.1 million by 2030.
- The Thailand market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, transvenous implantable cardioverter-defibrillators was the largest revenue generating product in 2023.
- Subcutaneous Implantable Cardioverter Defibrillators is the most lucrative product segment registering the fastest growth during the forecast period.
Implantable cardioverter defibrillators market data book summary
| Market revenue in 2023 | USD 33.4 million |
| Market revenue in 2030 | USD 57.1 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Transvenous implantable cardioverter-defibrillators |
| Fastest growing segment | Subcutaneous Implantable Cardioverter Defibrillators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transvenous Implantable Cardioverter-Defibrillators, Subcutaneous Implantable Cardioverter Defibrillators |
| Key market players worldwide | Abbott Laboratories, Medtronic PLC, BIOTRONIK, Boston Scientific Corp, MicroPort Scientific Corp, LivaNova PLC |
Other key industry trends
- In terms of revenue, Thailand accounted for 0.9% of the global implantable cardioverter defibrillators market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan implantable cardioverter defibrillators 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 210.0 million by 2030.
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Implantable Cardioverter Defibrillators Market Scope
Implantable Cardioverter Defibrillators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand implantable cardioverter defibrillators 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 implantable cardioverter defibrillators market will help companies and investors design strategic landscapes.
Transvenous implantable cardioverter-defibrillators was the largest segment with a revenue share of 90.72% in 2023. Horizon Databook has segmented the Thailand implantable cardioverter defibrillators market based on transvenous implantable cardioverter-defibrillators, subcutaneous implantable cardioverter defibrillators covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Bangkok Hospital Statistics, the prevalence of cardiac arrest in Thailand is a pressing public health issue, leading to over 50,000 deaths annually and a high mortality rate of 40 deaths per 100 cases. This concerning mortality rate has increased awareness about promptly addressing cardiac arrest, resulting in improved adoption of ICDs in private and public healthcare facilities across Thailand.
Furthermore, the Thai Government is actively implementing various campaigns and initiatives to enhance public access to ICDs. These endeavors are expected to stimulate the demand for ICD devices in the country, ensuring better cardiac care and improving patient outcomes.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand implantable cardioverter defibrillators market , including forecasts for subscribers. This country databook contains high-level insights into Thailand implantable cardioverter defibrillators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand implantable cardioverter defibrillators market size, by product, 2018-2030 (US$M)
Thailand Implantable Cardioverter Defibrillators Market Outlook Share, 2023 & 2030 (US$M)
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