A recent study conducted 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 demand 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.

Rising Investments Towards Emergency-Care Infrastructure

The ongoing COVID-19 pandemic has demonstrated the critical importance of having access to health care facilities and hospitals in a nation's infrastructure. The utilization of emergency-care units has risen significantly, especially since the COVID-19 scenario. As a result, private hospitals and clinics are witnessing unprecedented demand for resuscitation and oxygen beds. Thus, governments of various countries are vehemently pushing to strengthen their healthcare infrastructure. This is expected to increase the global demand for resuscitation devices.

Increasing Prevalence of Cardiovascular and Respiratory Diseases

In recent years, cardiovascular diseases and respiratory diseases have become increasingly prevalent, especially following the outbreak of a number of infectious diseases that directly affect the lungs. According to the Institute for Health Metrics and Evaluation (IHME), the cases of cardiovascular diseases have doubled since the last decade and jumped to 523 million cases in 2019. Worldwide, there are approximately 334 million asthmatic and 65 million COPD sufferers. Patients suffering from cardiovascular and respiratory diseases are more likely to be affected by cardiac arrests in the coming years. As a result, the global resuscitation devices market is estimated to flourish during the forecast period.

Global Resuscitation Devices Market - By End-User

Based on end-users, the global resuscitation devices market is categorized into hospitals, ambulatory surgical centers, cardiac centers, pre-hospital care settings, and other end-users. Among these, the hospital segment accounts for the largest market share. Heart failure is the third most common cause of inpatient stays in hospitals. Due to this, the demand for resuscitation devices is very prominent in hospitals. Furthermore, the growing geriatric population and preterm births are also contributing to the growth in demand.Another factor influencing the growth of the market is the high investment needed to implement defibrillators.

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Global Resuscitation Devices Market - Regional Insights

Geographically, the global resuscitation devices market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among all the regions, North America dominates this market.Due to an aging population and a high number of preterm deliveries caused by a large population, the Asia-Pacific region is also expected to witness the highest CAGR during the forecast period. Furthermore, healthcare services are becoming more accessible in the APAC countries due to favorable government initiatives, which is expected to drive the demand for resuscitation devices in the Asia Pacific during the forecast period.

Impact of COVID-19 on the Global Resuscitation Devices Market

In the wake of the COVID-19 pandemic, the global resuscitation devices market has been affected dramatically. In the midst of managing the surge in COVID-19 cases, experts had to coordinate care from healthcare professionals, pre-hospital professionals, and laypersons in order to perform resuscitations on out-of-hospital cardiac arrest patients.Furthermore, the hospital facilities were avoiding Cardiopulmonary Resuscitation (CPR) as much as possible due to the high transmission risk. This resulted in a slump in the demand for resuscitation devices and an overall slowdown in the global resuscitation devices market.

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 Corporation, 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 regional market players. The industry players adopt and offer comprehensive technologies through innovations.Furthermore, they constantly approve and launch products in different geographies in an effort to expand their market reach. Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, etc., are also very prominent in this market.

Don’t miss the business opportunity of the global resuscitation devices market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global resuscitation devices market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global resuscitation devices market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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