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Resuscitation Devices Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Koninklijke Philips N.V., Medtronic plc, Physio-Control International Corp., Drägerwerk AG
Resuscitation Devices Market Size
The Business Research Company offers in-depth market insights through Resuscitation Devices Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The resuscitation devices market size has grown strongly in recent years. It will grow from $8.93 billion in 2023 to $9.62 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to aging population and chronic diseases, emergency medical services, hospital and clinical demand, training and education programs, regulatory standards and guidelines, increasing awareness of cpr..
The resuscitation devices market size is expected to see strong growth in the next few years. It will grow to $13.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to integration of automated external defibrillators (aeds) in public places, telemedicine and remote guidance for resuscitation, portable and compact resuscitation devices, automated and data-driven feedback systems, adoption in non-hospital settings, global access to resuscitation training.. Major trends in the forecast period include hands-free cpr devices, ai-driven real-time resuscitation guidance, telemedicine-integrated aeds, wearable resuscitation technologies, miniaturization of resuscitation equipment, mobile app-based cpr training and certification.
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Market Segmentation:
The main types of resuscitation devices are airway management devices, external defibrillators, convective warming blankets, and other resuscitation devices. Airway management devices include a set of equipment and medical procedures performed to prevent and relieve airway obstruction. The devices assure the gas exchange between a patient's lungs and the atmosphere is unhindered. They are used by adult patients and paediatric patients and implemented in various sectors such as hospitals, diagnostic centers, ambulatory surgical centers, and others.
Major Driver - Increase In Incidences Of Cardiac And Respiratory Diseases Drives Resuscitation Devices Market
The increase in incidences of cardiac and respiratory diseases is 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, 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 most significant anticipated rate increases were heart failure at 33.4% and stroke at 33.8%. Therefore, the rising prevalence of cardiac and respiratory diseases drives the growth of the resuscitation devices market.
Competitive Landscape:
Major companies operating in the resuscitation devices market include Koninklijke Philips N.V., Medtronic plc, Physio-Control International Corp., Drägerwerk AG, Ambu A/S, 3M Company, GE Healthcare Technologies Ltd., ZOLL Medical Corporation, Nihon Kohden Corporation, Cardinal Health, Mindray Medical International Limited, Teleflex Inc., Intersurgical Ltd., Salter Labs Inc., Smiths Medical International Ltd., Vyaire Medical Inc., RAPP Australia Pty Ltd., Neotech Medical Systems Pvt. Ltd., Drägerwerk AG & Co. KGaA, CPR Medical Devices Inc., HMP Group Ltd., Zeal Medical Private Limited, Premier Ltd., Stryker Corporation, Roper Technologies Inc., FlexiCare Ltd., KARL STORZ SE & Co. KG, ResMed Inc., ICU Medical Inc., Laerdal Medical India Pvt. Ltd., Allied Healthcare Products Inc., SunMed LLC, Bound Tree Medical LLC, Emergency Medical Products Inc.
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Top Trend - Novel Resuscitation Devices Revolutionize The Market
The development of novel resuscitation devices is a key trend gaining popularity in the resuscitation devices market. 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. ZOLL AED 3 makes delivery of CPR that adheres to guidelines easier with the Real CPR Help technology and integrated, real-time feedback. The enhanced Real CPR Help includes a full-colour display with realistic rescue visuals, a CPR cycle timer, and a sizable colour bar gauge that displays CPR compression depth. A soothing voice instructs rescuers to halt when the cardiac analysis is finished. It also warns them if a shock is necessary or if CPR should be restarted.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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