|
(Health-NewsWire.Net, May 16, 2020 ) Factors such as the rising prevalence of target diseases, increasing demand for emergency care, growing focus on providing public-access defibrillators, high incidence of preterm births, and training and awareness programs on defibrillators are driving the growth of the market.
On the other hand, issues associated with the use of automated external defibrillators and the harmful effects of certain products on neonates are expected to restrain the growth of this market during the forecast period.
The global resuscitation devices market is projected to reach USD 8.7 billion by 2025 from USD 6.9 billion in 2020, at a CAGR of 4.7%.
The airway management devices segment accounted for the largest share of the resuscitation devices market in 2019
On the basis of products, the resuscitation devices market is segmented into external defibrillators, airway management devices, convective warming blankets, and other resuscitation devices. In 2019, the airway management devices segment dominated this market owing to factors such as the high incidence of COPD and a large number of asthma and bronchitis cases.
Hospitals, ASCs, and cardiac centers are the largest end users of resuscitation devices
Based on end users, the market is segmented into hospitals, ambulatory surgical centers (ASCs), and cardiac centers; pre-hospital care settings; and other end users. The hospitals, ASCs, and cardiac centers segment accounted for the largest share of the global resuscitation devices market in 2019. The large share of this end-user segment can be attributed to the growing trend of bulk purchasing, increasing number of donations with regard to the purchase/implementation of defibrillators, growing number of trauma cases and road accidents across the globe, and the launch of training programs to efficiently undertake and operate lifesaving defibrillation procedures.
North America accounted for the largest share of the resuscitation devices market in 2019.
In 2019, North America accounted for the largest share of the market. The rising geriatric population, increasing incidence of cardiac and respiratory diseases, and continuous technological advancements and product innovations are the major factors driving the growth of the market in North America.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36161641
Key Market Players
Prominent players in the resuscitation devices market include Koninklijke Philips N.V. (Netherlands), Medtronic plc (Ireland), ZOLL Medical Corporation (US), ResMed Inc. (US), Physio-Control (acquired by Stryker Corporation) (US), Drägerwerk AG & Co. KGaA (Germany), Smiths Medical (US), Ambu (Denmark), Cardinal Health (US), Mindray Medical (China), Nihon Kohden (Japan), Teleflex (US), Salter Labs (US), GE Healthcare (US), Roper Technologies (US), Vyaire Medical (US), Intersurgical (UK), 3M (US), Flexicare (UK), and KARL STORZ (Germany).
Recent Developments:
+ In 2019, Koninklijke Philips N.V. (Netherlands) launched its HeartStart Intrepid Monitor/Defibrillator with IntelliSpace Connect.
+ In 2019, ZOLL Medical Corporation (US) acquired Cardiac Science (US) to strengthen its product portfolio.
+ In 2017, Medtronic plc (Ireland) invested over USD 2.25 billion on R&D, up from USD 2.19 billion in 2016. Its strong focus on R&D helps it to launch new and advanced airway management devices.
Key Questions Addressed by the Report:
+ What are the growth opportunities related to the adoption of resuscitation devices across major regions in the future?
+ Emerging countries have immense opportunities for the growth and adoption of resuscitation devices. Will this scenario continue in the next five years?
+ Where will all the advancements in products offered by various companies take the industry in the mid- to long-term?
+ What are the new trends and advancements in the resuscitation devices market? Are there any new products being developed for resuscitation devices in the medical industry?
Inquiry about Resuscitation Devices Market before buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=36161641
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
|
