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Digging Deep into Resuscitation Devices Market: Your Ultimate Guide to the Present and Future of the Industry || Koninklijke Philips N.V., Medtronic plc, Physio-Control, Drägerwerk AG
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Resuscitation Devices Global Market Report 2023 the increase in incidences of cardiac and respiratory diseases is the major driver for the resuscitation devices market's growth in the forecast period. The main reasons for the rise in cardiac and respiratory diseases are aging, smoking, pollution, an unhealthy diet, physical inactivity, tobacco use, and harmful use of alcohol. Further, behavioural 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. For instance, according to the American College of Cardiology, a US-based non-profit medical association, all four CV risk factors are anticipated to rise in prevalence among the general U.S. population between 2025 and 2060, with diabetes showing the largest percentage increase of 39.3%, followed by dyslipidemia, hypertension, and obesity.
The global resuscitation devices market size grew from $8.24 billion in 2022 to $8.76 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The resuscitation devices market size is expected to grow to $11.1 billion in 2027 at a CAGR of 6.1%.
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Major competitors in the resuscitation devices market are 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.
A key trend in the resuscitation devices market includes development of novel resuscitation devices. Novel resuscitation devices can help improve patients' survival after prolonged cardiac arrest (heart attack) and reduce neurologic injury. Major players operating in the resuscitation devices market are indulging in the development of novel resuscitation devices to meet customer demand and strengthen their position. For instance, in June 2020, ZOLL Medical Corporation, a US-based company that manufactures medical devices and related software solutions, launched the ZOLL AED 3 defibrillator.
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The resuscitation devices market is segmented -
• By Product: Airway Management Devices, External Defibrillators, Convective Warming Blankets, Other Products
• By Patient Type: Adult Patients, Pediatric Patients
• By End User: Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Other End-users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the resuscitation devices market.
The Business Research Company's "Global Resuscitation Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Resuscitation Devices Market Include:
1. Executive Summary
2. Resuscitation Devices Market Characteristics
3. Resuscitation Devices Market Trends And Strategies
4. Resuscitation Devices Market - Macro Economic Scenario
5. Resuscitation Devices Market Size And Growth
……………
27. Resuscitation Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Resuscitation Devices Market
29. Resuscitation Devices Market Future Outlook And Potential Analysis
30. Appendix
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