Resuscitation Devices Market Analysis and Forecast to 2032: By Product (Airway Management Devices, External Defibrillators, Convective Warming Blankets), Patient Type (Pediatric, Adult), End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers

Resuscitation Devices Market Analysis and Forecast to 2032: By Product (Airway Management Devices, External Defibrillators, Convective Warming Blankets), Patient Type (Pediatric, Adult), End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers), and Region

The global resuscitation devices market was valued at USD 7.7 billion in 2022 and it is anticipated to grow further till USD 14.5 billion by 2032, at a CAGR of 6.5% during the forecast period.

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.

Global Resuscitation Devices Market Scope and Report Structure

Market Trends and Drivers

The market for resuscitation devices is anticipated to develop in the next years due to the rising prevalence of cardiac and respiratory illnesses. The main contributors to the rise in heart and respiratory illnesses are ageing, smoking, pollution, bad eating habits, lack of physical activity, use of cigarettes and alcohol, and smoking. A significant risk of cardiovascular illnesses can also result from behavioural risk factors such elevated blood pressure, elevated blood glucose, elevated blood lipids, and overweight and obesity. In an emergency, resuscitation equipment assists those with cardiac and respiratory disorders in regaining blood circulation and breathing.

Market Restraints and Challenges

The stringent regulations for the approval of resuscitation devices and the lack of awareness in developing economies about their different applications are creating an enormous downfall in market growth.

Global Resuscitation Devices Market Segmental Overview

The global resuscitation devices market is segmented into product, type, end user, and region.

Global Resuscitation Devices Market by Product

Based on the product, it is segmented into airway management devices, external defibrillators, and connective warming blankets. The airway management devices segment is anticipated to dominate the market during the forecast period. Similarly, the external defibrillators segment is expected to witness the fastest growth during the forecast period.

Global Resuscitation Devices Market by Type

Based on the type, it is segmented into adult patients, and pediatric patients. The adult patients segment is anticipated to dominate the market during the forecast period. Similarly, the pediatric patients segment is expected to witness the fastest growth during the forecast period.

Global Resuscitation Devices Market by End User

Based on the end user, it is segmented into hospitals, diagnostic centers, and ambulatory surgical centers. The hospital segment is anticipated to dominate the market during the forecast period. Similarly, diagnostic centers segment is expected to witness the fastest growth during the forecast period.

Geographical Analysis of the Global Resuscitation Devices Market

Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Europe region is anticipated to witness the fastest growth during the forecast period.

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

Like many other medical equipment sectors, the resuscitation devices industry had unfavourable effects from the COVID-19 epidemic. The COVID-19 outbreak had a significant negative impact on the medical devices business as a whole, with varied industry areas suffering extensive consequences. It had an impact on the medical device segment's volume reduction and supply chain difficulties with atypical PPE supply and demand patterns. The need for precautions to ensure that staff can perform safely both on-site and remotely resulted in varied budgetary implications on the industrial operations.

Recent Developments

• August 2019, ZOLL Medical Corporation, a US based company producing medical devices comprising resuscitation devices acquired Cardiac Science Corporation for an undisclosed amount. Through this deal, Cardiac Science will become part of ZOLL’s Resuscitation division and will help ZOLL to integrate, and innovate acute and resuscitation care. Cardiac Science Corporation is a US based company that manufacturers resuscitation devices.
• September 2018, Philips develops new resuscitation devices for infants.
• May 2017, Schiller announced its latest generation of automatic CPR device.

Frequently Asked Questions

Q1.

How big is the Resuscitation Devices market?

Ans.

The global Resuscitation Devices market size was USD 7.7 billion in 2022 and it is anticipated to grow further till USD 14.5 billion by 2032, at a CAGR of 6.5% from 2023 to 2032.

Q2.

What is the Resuscitation Devices market growth rate?

Ans.

The growth rate of the Resuscitation Devices market is 6.5%.

Q3.

Which region holds a major market share for the Resuscitation Devices market?

Ans.

North America holds a major market share of the Resuscitation Devices market in 2022.

Q4.

Which segment accounted for the largest Resuscitation Devices market share?

Ans.

By end user, hospitals segment accounted for the largest Resuscitation Devices market share.

Q5.

Who are the key players in the Resuscitation Devices market?
Ans. The global Resuscitation Devices market report includes players such as 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.

Q6.

What are the factors driving the Resuscitation Devices market growth?

Ans.

The major factors driving the growth of the market are the growing market in emerging countries.

Q7.

What are the key growth strategies of Resuscitation Devices market players?

Ans.

The key growth strategies of Resuscitation Devices market players are product launch and product approval.

Q8.

Which region will provide more business opportunities for the Resuscitation Devices market during the forecast period?

Ans.

The Asia-Pacific region will provide more business opportunities for the Resuscitation Devices market during the forecast period.

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