Resuscitation Devices Market is anticipated to grow at a CAGR of ~4.5% from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “Resuscitation DevicesMarket - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global resuscitation devicesmarket is estimated to account forover US$ 6.5 billion in 2019. It is anticipated to grow at a CAGR of ~4.5% from 2019 to 2030.
The significantgrowth of themarket can be attributed togrowing geriatric population,and currently the overwhelming demand for resuscitation devices for treatment of COVID-19 among others. Moreover,the increasing prevalence of various target diseases and rising demand for emergency care, and training &awareness programs regardingdefibrillators are anticipated to boost the market during the forecast period.
Moreover, key players operating in the market provides a comprehensive set of resuscitation technologies &devices to facilitate patients and healthcare professionals better. These devices provide healthcare professionals withextensive support for resuscitation. Additionally, these devices are also available for neonatal use.These are some of the primary factors which have propelled the growth of the resuscitation devicesmarket in recent times. For instance, Medical Equipment & Gases Australia Pty Ltd, offers Oxy-Viva 3 Resuscitator Kits; this deviceenables suction, resuscitation, and oxygen therapy in one compact kit. Such offeringsare expected to attract new customers and eventually boost the market in the coming years.
Cardiac arrest can happen to anyone suddenly. Severalforms of resuscitation devices aim to initiate spontaneous breathing, by mechanically ventilating the lungs of an unconscious person whosebreathing is compromised. The machine performs its function to keep the lungsoxygenated artificially. Defibrillators,if used correctly, can alsobe used to restore bloodcirculation.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, Resuscitation Devices Market by Product (External Defibrillators, Airway Management Devices, and Convective Warming Blankets), Patient Type (Adult Patients and Pediatric Patients), End Users (Hospitals, Ambulatory Surgical &Cardiac Centers, and Pre-Hospital Care Settings)- Global Analysis & Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/resuscitation-devices-market/284
Incorrect alignment of these devices may result in several complications, chances of injuries such as rib fractures and other harmful effects of certain products on neonates may restrain the growthof the market. Moreover, lack of trained professionals and high cost of devices, are expected to hamper the growth of themarket to a certain extent during the forecast period.
North America accounted for the largest share in theresuscitation devicesmarket in 2019. The presence of advanced healthcare infrastructure,rising geriatric population, and increasing incidents of cardiac &respiratory ailments are a few of the factors responsible for the large market share of this region.
The prominent players in the globalresuscitation devices market are Medtronic Plc, Koninklijke Philips N.V., Cardinal Health, ZOLL MEDICAL CORPORATION, Mindray Medical, Nihon Kohden, Teleflex, Resmed, Inc., 3M Company, GE Healthcare, and others.
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