Resuscitation Devices Market Is Anticipated To Grow Further To Nearly USD 12.0 Billion By 2032 | Koninklijke Philips N.V., Medtronic , Physio-Control

The global resuscitation devices market was valued at approximately USD 8.0 billion in 2022 and it is anticipated to grow further to nearly USD 12.0 billion by 2032, at a CAGR of 4.5% during the forecast period.

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Resuscitation devices are used to trigger spontaneous breathing by manually ventilating the lungs. When a patient is unconscious or appears to be dead, resuscitation equipment is used to help induce spontaneous breathing or revive the patient's breath. This is done by filling the patient's lungs with positive pressure, which keeps them oxygenated. Resuscitation devices include things like ventilators, resuscitation masks, resuscitation suction and mechanical pumps, resuscitation trolleys, resuscitation paediatric spacers, and other tools. Devices used in resuscitation are typically single-patient, disposable, and latex-free.

Market Trends and Drivers

The resuscitation devices market is being significantly driven by the increasing prevalence of cardiac arrests and respiratory disorders, coupled with a growing awareness of the importance of immediate and effective resuscitation interventions. The rising aging population, along with the escalating incidence of chronic diseases, contributes to the expanding demand for resuscitation devices. Additionally, advancements in technology, such as the development of automated and portable resuscitation devices, are enhancing the accessibility and efficiency of life-saving interventions. As healthcare systems worldwide prioritize emergency preparedness and response, the demand for innovative and user-friendly resuscitation devices is expected to fuel market growth in the foreseeable future.

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Major Players in the Global Resuscitation Devices Market

The key players studied in the report 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 among others.

COVID-19 Impact

The COVID-19 pandemic has significantly impacted the Resuscitation Devices Market, with a dual effect observed in its growth trajectory. On one hand, the increased demand for respiratory support devices and resuscitation equipment surged amidst the global health crisis, driving market growth. Hospitals and healthcare facilities prioritized the procurement of advanced resuscitation devices to bolster their capacity to treat severe respiratory complications associated with the virus. On the other hand, disruptions in the global supply chain, logistic challenges, and economic uncertainties posed hurdles to the market, slowing down production and distribution. The market's resilience and adaptation to the changing healthcare landscape will be crucial in navigating the ongoing challenges and shaping its future growth.

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Global Resuscitation Devices Market Segmentation

By Product

Airway Management Devices
External Defibrillators
Convective Warming Blankets

By Patient Type

Adult Patients
Pediatric Patients

By End User

Hospitals
Diagnostic Centers
Ambulatory Surgical Centers

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