global resuscitation devices market was worth USD 7.0 billion in 2020 and is further projected - PDF document

Global Resuscitation Devices Market is Thriving - Projected to reach USD 9.6 billion by 2027 G lobal resuscitation devices Market - Industry Trends & Forecast Report 2027 Summary Global R esuscitation Devices Market, By Product (Airway Management Devices, External Defibrillators, Convective Warming Blankets, Other Resuscitation Devices), By Patient Type (Adult Patients, Pediatric Patients), By End - User (Hospitals, Ambulatory Surgical Center s, and Cardiac Centers, Pre - Hospital Care Settings, Other End Users), By Region (North America, Europe, Asia - Pacific (APAC), Latin America (LATAM), Middle - East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017 - 2027 . A recent study co nducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global resuscitation devices market was worth USD 7.0 billion in the year 2020. The data yielded by the study further reveals that the market is estimated to grow at a CAGR of 4.8%, earning revenue of around USD 9.6 billion by the end of 2027. With the growing incidence of target diseases and premature births, the d emand for resuscitation devices is expected to rise during the forecast period. Likewise, the rapid occurrence of accidents and severe trauma injuries that may result in cardiac arrest also boosts the global resuscitation devices market . Report Overview View report Press releas e Sample report Global Resuscitation Devices Market is Thriving - Projected to reach USD 9.6 billion by 2027 Resuscitation devices are typically used in almost any emergency situation for the purpose of stimulating spontaneous breathing. The growing occurrences of cardiovascular diseases, in creasing demand for emergency care, and high levels of premature births are some factors spurring the global resuscitation devices market growth. The global resuscitation devices market was worth USD 7.0 billion in 2020 and is further projected to reach US D 9.6 billion by the year 2027, growing at a CAGR of 4.8% during the forecast period. Rising cases of cardiac arrests, increased awareness of defibrillators, increased premature births, and rising incidences of target diseases, which have encouraged the us e of resuscitation devices in hospitals and other healthcare facilities, are driving the globa l resuscitation devices market. Glob al Resuscitation Devices Market Global Resuscitation Devices Market - Overview CPR (cardiopul monary resuscitation) is an emergency medical procedure used when patients are unable to breathe. It is a combination of chest compressions and artificial ventilation (AV) that helps maintain oxygenation and circulatory flow in cases of cardiac arrest. CPR uses chest compression to imitate the function of heart pumping. In emergency situations, cardiopulmonary resuscitation is usually carried out using a defibrillator. Cardiac defibrillators are devices that provide an electric shock to the heart via two el ectrodes placed on the patient’s torso. The purpose of this procedure is to restore the normal heart rhythm. Global Resuscitation Devices Market Forecast and Trends Growth Drivers Application of Resuscitation Devices in The Emergency Care There are sev eral emergencies that can lead to cardiac arrests and if CPR is not performed properly and promptly, fatalities can occur. Resuscitation devices are used in various emergencies like accidents, heart attacks, drug overdoses, electrocution injuries, smoke in halation, etc. If a patient becomes unresponsive or is experiencing deterioration in the heart function due to collapse or other reasons, the doctors perform CPR immediately to restore the function of the heart. Additionally, cardiovascular arrests are als o possible during surgery due to oxygen deprivation and may require CPR. Because of the factors cited above, the global resuscitation devices market is flourishing. S urging Number of Preterm Births The number of preterm births around the world is increasing at a very high rate. According to WHO, an estimated 15 million babies are born every year (before 37 Global Resuscitation Devices Market is Thriving - Projected to reach USD 9.6 billion by 2027 weeks of gestation). Due to their underdeveloped lungs, preterm babies often have breathing dif ficulties. Neonatal resuscitation is performed on newborns to provide oxygen to neonates, stimulate their breathing, and get their hearts going again. Additionally, some neonates need extensive resuscitation, especially those with congenital conditions. Th is factor is projected to propel the demand for resuscitation devices during the forecast period. Restraints High Risk Of Long - term Complications in Patients Chronically ill patients who undergo emergency CPR have a less than 5% chance of surviving. And even if the patient survives the physical trauma, the risk of long - term consequences is very high post the CPR, such as possible brain damage from oxygen deprivation. Because of such complications, the surgeons put the use of resuscitation devices as a la st resort. Such consequences also act as a limiting factor for the growth of the global resuscitation devices market. Impact of COVID - 19 on Global Resuscitation Devices Market The COVID - 19 and the pandemic situation may have dramatically affected the glo bal resuscitation devices market. This is because of the high safety and social - distancing protocols laid down by authorities for ensuring clinical safety while performing cardiopulmonary resuscitation. CPR is generally performed in the negative - pressure r ooms. However, due to the high number of critical COVID - 19 patients, the in tubated patients are kept in a non - negative pressure room where CPR is avoided. Furthermore, with a huge shortage of PPE kits, the doctors were unable to provide the CPR technique because of the high risk of the transmission of the virus. Global Resuscitation Devices Market - By Type Based on types, the global resuscitation devices market is grouped into airway management devices, external defibrillators, convective warming blanke ts, and other resuscitation devices. Among these, the airway management devices segment accounts for the largest market share. The purpose of these devices is to establish an airway for oxygenation and ventilation without entering the trachea. Thus, it is becoming increasingly common in pre - hospital environments, emergency rooms, and operating rooms. The market is gaining significant traction because of this reason. Global Resuscitation Devices Market - By Patient Type Based on patient types, the global r esuscitation devices market is grouped into adult patients, and pediatric patients. Among these, the adult patient segment captures the largest market share. This is because of the high patient population suffering from various cardiovascular and respirato ry diseases. Moreover, the Global Resuscitation Devices Market is Thriving - Projected to reach USD 9.6 billion by 2027 growing geriatric population is contributing to the increasing demand for resuscitation devices because of an increase in life expectancy. Defibrillators are also used for patients suffering from cardiac arrests due to accidents or other traumatic events. However, the pediatric patient segment is also growing at a substantial rate because of the increasing prevalence of preterm births. Global Resuscitation Devices Market - Regional Insights Geographically, the global resuscitati on devices market is segmented into North America, Europe, Asia - Pacific, Latin America, Middle - East & Africa. Among all the regions North America dominates this market. As a result of the high prevalence of cardiac and respiratory diseases and the aging po pulation in this region, resuscitation devices are in high demand. About one in seven adults in the US has a lung disorder such as COPD. Furthermore, high healthcare expenditure further drives the adoption of technologically advanced medical devices. Also, constant research and development activities by industry players, helping to fuel the demand for resuscitation devices. Additionally, industry players are constantly researching and developing resuscitation devices, thereby contributing to the growth of t he resuscitation devices market in North America. Regional Insights Competitive Landscape The leading market players in the global resuscitation devices market are GE Healthcare, Drägerwerk AG & Co. KGaA, Physio - Control Corporation (Stryker), Koninklijke Philips N.V., Smiths Medical, ZOLL Medical Corporation, Resmed, Inc., Nihon Kohden Corporat ion, Mindray, Ambu, Cardinal Health, Medtronic, 3M Company, KARL STORZ, Vyaire Medical, Teleflex, Intersurgical, Flexicare, Salter Labs, and other prominent players. The market is highly concentrated and dense with the presence of several global and regio nal market players. The industry players utilize innovative products and technologies and are constantly involved in approving and launched products in different geographic locations to increase their market presence and penetration. Furthermore, the adopt ion of competitive strategies like partnerships, mergers, acquisitions, etc., is also very prominent in this market. Recent Developments In February 2021, Inovytec Medical Solutions Ltd., an Israeli critical medical devices company, announced to have rec eived the FDA 510(k) clearance for its Ventway Sparrow Line of Ventilators. Now, the company can officially market its ventilators in the United States. In January 2021, ZOLL Medical Corporation, an Asahi Kasei company, announced that its automated externa l defibrillators ‘ZOLL AED 3 and ZOLL AED 3 BLS has Global Resuscitation Devices Market is Thriving - Projected to reach USD 9.6 billion by 2027 been recognized by the World of Safety and Health Asia (WSHAsia) as an unrivaled smart technology. Scope of the Report Attributes Details Years Considered Historical data – 2017 - 2020 Base Year – 2 020 Forecast – 2021 – 2027 Facts Covered Revenue in USD Billion Market Coverage North America, Europe, the Asia - Pacific, Latin America, and the Middle East and Africa Product Service/Segmentation By Product, By Patient Type, By End User, By Region Key Players GE Healthcare, Drägerwerk AG & Co. KGaA, Physio - Control Corporation (Stryker), Koninklijke Philips N.V., Smiths Medical, ZOLL Medical Corporation, Resmed, Inc., Nihon Kohden Corporation, Mindray, Ambu, Cardinal Health, Medtronic, 3M Company, K ARL STORZ, Vyaire Medical, Teleflex, Intersurgical, Flexicare, Salter Labs, and other prominent players. By Product Airway Management Devices Ventilators Endotracheal Tubes Resuscitators Global Resuscitation Devices Market is Thriving - Projected to reach USD 9.6 billion by 2027 Tracheostomy Tubes Laryngeal Mask Airways Laryngoscopes Nasopha ryngeal Airways Oropharyngeal Airways External Defibrillators Semi - Automated External Defibrillators Fully Automated External Defibrillators Wearable Cardioverter Defibrillators Convective Warming Blankets Other Resuscitation Devices By Patient Type Adult Patients Pediatric Patients By End User Hospitals, Ambulatory Surgical Centers, and Cardiac Centers Pre - Hospital Care Settings Other End Users By Region North America Europe Asia - Pacific (APAC) Latin America (LATAM) Middle - East & Africa (MEA) Global Resuscitation Devices Market is Thriving - Projected to reach USD 9.6 billion by 2027 About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and tim ely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com Global Resuscitation Devices Market is Thriving - Projected to reach USD 9.6 billion by 2027 Global Resuscitation Devices Market is Thriving - Projected to reach USD 9.6 billion by 2027