Resuscitation Bags Market: Future market projections for forthcoming years
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Rising incidences of respiratory diseases coupled with the increase in the geriatric population base is fuelling the demand of the global resuscitation bags market. An increasing older population base also leads to an increasing need for proper special care treatments. This along with increasing healthcare initiatives by the government and improvement in the medical standards & facilities is fuelling the growth of the global resuscitation bags market. Another factor which is expected to fuel the demand of the global resuscitation bags market but has a less impact overall is the growth of the medical facilities in emerging economies. The growth of the global resuscitation bags market is expected to be hampered by the availability of a large number of alternatives for providing artificial breathing. High taxation on the healthcare devices is also expected to restrain the growth of the global resuscitation bags market. Use of raw materials that are rendered safe for the environment is expected to open up new avenues of market growth for the global resuscitation bags market. Lack of technical expertise is also restraining the growth of the global resuscitation bags market.
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The global resuscitation bags market is segmented on the basis of the region into North America, Europe, Asia Pacific, Middle East & Africa (mea), and Latin America. Asia Pacific is expected to lead the global resuscitation bags market due to a high prevalence of respiration related disorders. Also, the APAC region is not so technologically advanced due to which resuscitation bags are still preferred in the region. North America is expected to follow the APAC region. The slow growth of the North America resuscitation bags market can be attributed to the availability of more advanced technological devices for the treatment of breathing problems in patients. Europe resuscitation bags market is expected to witness moderate growth over the forecast period due to technological and healthcare investments being carried out by the government in the region. Middle East & Africa is expected to witness sluggish growth due to comparatively low GDP and a low percentage of healthcare expenditure.
Some of the key players operating in the global resuscitation bags market areTecno-Gaz S.p.A,VBM Medizintechnik GmbH, Medical Dynamics, Inc., Hyupsung Medical Co., Ltd., C. R. Bard, Inc., Medline Industries, Inc., Baxter International Inc., and Fresenius Medical Care AG & Co.
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