The global resuscitation devices market size is expected to grow from $7.72 billion in 2021 to $8.22 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The resuscitation device market is expected to reach $10.24 billion in 2026 at a CAGR of 5.7%.
What is the Global Resuscitation Devices Market?
The resuscitation devices market consists of sales of resuscitation devices by entities (organizations, sole traders, and partnerships) that are used to initiate spontaneous breathing by mechanically ventilating the lungs. Resuscitation devices are used in crises to assist in the process of reviving the patient's breath or inducing spontaneous breathing in patients who are unconscious or appear to be dead by inflating the lungs with positive pressure, which maintains the patient oxygenated. Ventilators, resuscitation masks, resuscitation suction and mechanical pumps, resuscitation trolleys, resuscitation pediatric spacers, and other equipment are examples of resuscitation devices. Resuscitation devices are typically disposable, latex-free, and intended for single patient use.
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What drives the Global Resuscitation Devices Market?
Increasing incidences of cardiac and respiratory diseases are expected to propel the growth of the resuscitation devices market in the coming years. The main reasons for the rise in cardiac and respiratory diseases are aging, smoking, pollution, unhealthy diet, physical inactivity, tobacco use, and harmful use of alcohol. Further, behavioral risk factors such as raised blood pressure raised blood glucose, raised blood lipids, and overweight and obesity can also cause a high risk of cardiovascular diseases. Resuscitation devices help to restore blood circulation and breathing of a person suffering from cardiac and respiratory diseases in an emergency. Therefore, the rising prevalence of cardiac and respiratory diseases drives the growth of the resuscitation devices market.
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Global Resuscitation Devices Market Segments
The global resuscitation device market is segmented:
By Product: Airway Management Devices, External Defibrillators, Convective Warming Blankets, Others
By Patient Type: Adult Patients, Pediatric Patients
By End-User: Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Others
By Geography: The regions covered in the resuscitation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Resuscitation Devices Global Market Report 2022provides market size and growth forecasts for the global resuscitation devices market, global resuscitation devices market share, resuscitation devices market segments and geographies, resuscitation devices market competitive landscape including leading competitors’ revenues, profiles and market shares. The resuscitation devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Resuscitation Devices Industry Playersinclude Koninklijke Philips N.V., Medtronic plc, Physio-Control, Drägerwerk AG, Ambu A/S, 3M, GE Healthcare, ZOLL Medical Corporation, Nihon Kohden Corporation, Cardinal Health, Mindray Medical International Limited, Teleflex, Intersurgical, Salter Labs Inc., Smiths Medical, Vyaire Medical, RAPP Australia, and Neotech Medical Systems Pvt. Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
