Global Resuscitation Devices Market was valued US$ 6.27 Bn in 2019 and is expected to grow US$ 8.98 Bn by 2027, at a CAGR of 4.6% during the forecast period.
Global Resuscitation Devices Market
The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Resuscitation is the process of reviving the breaths of a patient in the unconscious stage. Resuscitation devices are used in any emergency, targeting to initiate spontaneous breathing. According to the Centers for Disease Control and Prevention (CDC), resuscitation devices can increase the chances of the existence of the patient by two to three times. Resuscitation devices contain ventilators, resuscitation masks, resuscitation suction and mechanical pumps, resuscitation trolley, resuscitation pediatric spacer, and others. Resuscitation devices are usually one-use type, latex-free, and for single patient use. Also, personal protective equipment like apron, eye protection, and gloves should be used with resuscitation devices.
The increased insistence for emergency care, rates of target diseases, occurrence of preterm births, the growing prominence on offering public access to defibrillators, and awareness and training programs on understanding the functionality of defibrillators are some of the factors driving the resuscitation devices market growth. According to WHO, cardiac disorders are the main reason for death worldwide taking about 17.9 million lives every year. This will increase the demand for resuscitation devices as cardiovascular disorders are the foremost reason for death and that drives the resuscitation devices market. Also, clinical benefits linked with cardiopulmonary resuscitation (CPR) and the growing need for medical services around the globe will boost the resuscitation device market in the future.
With the current COVID-19 pandemic, the demand for resuscitation devices like ventilators has increased on account of the increasing number of patients getting detected with severe symptoms who require urgent oxygenation, and this resuscitation device market trend has been usually witnessed in elderly patients and patients with asthmatic problems.
On the other hand, the high cost of devices, strict regulations for the approval of resuscitation devices, the absence of awareness in developing economies about their different applications, improper alignment of these devices may result in many difficulties, chances of injuries such as rib fractures, and other harmful effects of certain products on neonates may restrain the growth of the market.
The hospitals, ASCs, and cardiac centers segment accounted for the largest market share of the global resuscitation devices market in 2019. This is mainly because of the growing trend of bulk purchasing, an increasing number of donations about the implementation of defibrillators, a growing number of trauma cases and road accidents across the globe, and the launch of training programs to efficiently undertake and operate lifesaving defibrillation procedures.
Region-wise, North America accounted for the largest market share in the resuscitation devices market in 2019. Continuous launch of new resuscitation devices by key players in the North American region led to increase adoption of resuscitation. Also, the occurrence of innovative healthcare infrastructure and increasing incidents of cardiac & respiratory disorders are the factors answerable for the growth of the North American region.
Europe is the second-largest market for resuscitation devices. Increasing use of resuscitation devices by pharmaceutical and medical specialists in Europe will augment market growth. Asia-Pacific region is considered as a developing market for resuscitation devices attributable to increasing awareness and knowledge about resuscitation devices in the Asia-Pacific region.
The objective of the report is to present a comprehensive analysis of the Global Resuscitation Devices Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Resuscitation Devices Market dynamics, structure by analyzing the market segments and project the Global Resuscitation Devices Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Resuscitation Devices Market make the report investor’s guide.
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Scope of the Global Resuscitation Devices Market
Global Resuscitation Devices Market, By Product
• Airway Management Devices
o Endotracheal Tubes
o Tracheostomy Tubes
o Laryngeal Mask Airways
o Nasopharyngeal Airways
o Oropharyngeal Airways
• External Defibrillators
o Semi-automated External Defibrillators
o Fully Automated External Defibrillators
o Wearable Cardioverter Defibrillators
• Convective Warming Blankets
• Other Resuscitation Devices
Global Resuscitation Devices Market, By Patient Type
• Adult Patients
• Pediatric Patients
Global Resuscitation Devices Market, By End User
• Hospitals, Ambulatory Surgical Centers, and Cardiac Centers
• Pre-hospital Care Settings
• Other End Users
Global Resuscitation Devices Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Resuscitation Devices Market
• Koninklijke Philips N.V.
• Medtronic plc
• ZOLL Medical Corporation
• ResMed Inc.
• Physio-Control (acquired by Stryker Corporation)
• Drägerwerk AG & Co. KGaA
• Smiths Medical
• Cardinal Health
• Mindray Medical
• Nihon Kohden
• Salter Labs
• GE Healthcare
• Roper Technologies
• Vyaire Medical
• KARL STORZ
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