Market Size of Resuscitation Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Resuscitation Devices Market Analysis
The Resuscitation Devices Market is expected to register a CAGR of 5.5% during the forecast period. This is attributing to a high incidence of preterm births, high demand for emergency care, rising incidences of target diseases. In addition, the rising incidence rate of cardiac arrest, awareness programs associated with defibrillators, and growing focus on providing public access defibrillators are also fueling the resuscitation devices market. As per the World Health Organization, cardiovascular diseases are the prime cause of death globally taking around 17.9 million lives every year. This will surge the demand for resuscitation devices as heart diseases are the leading cause of death and drive the overall market. Moreover, clinical advantages associated with cardiopulmonary resuscitation (CPR) and increasing need for medical services around the globe will propel the resuscitation device market in the forecasted period. However, the risk associated with the automated external defibrillators and harmful effects of certain devices on neonates may hamper the market to a certain extent.
Resuscitation Devices Industry Segmentation
As per the scope, Resuscitation devices aim to initiate spontaneous breathing by mechanically ventilating the lungs. These devices maneuvers optimize tissue uptake of oxygen, improve oxygen delivery, and preserve the metabolic rate of oxygen. Resuscitation Devices Market is segmented By Product Type, End-User and Geography.
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Resuscitation Devices Market Size Summary
The Resuscitation Devices Market is poised for steady growth, driven by factors such as the high incidence of preterm births, increased demand for emergency care, and the rising prevalence of target diseases. The market is further bolstered by the growing incidence of cardiac arrests and heightened awareness programs related to defibrillators, alongside a focus on enhancing public access to these devices. Cardiovascular diseases, being the leading cause of global mortality, significantly contribute to the demand for resuscitation devices. Additionally, the clinical benefits of cardiopulmonary resuscitation (CPR) and the escalating need for medical services worldwide are expected to propel market expansion. However, challenges such as the risks associated with automated external defibrillators and potential adverse effects on neonates may pose limitations to market growth.
Airway management devices are anticipated to experience robust growth, fueled by the increasing prevalence of chronic obstructive pulmonary disease (COPD), asthma, and bronchitis. This segment includes essential tools like endotracheal tubes, tracheostomy tubes, ventilators, and resuscitators, which are crucial in treating these conditions. North America is projected to maintain a significant share of the global market, supported by the rising prevalence of cardiac and respiratory diseases, an aging population, and a strong presence of medical device companies. The region benefits from substantial research and development investments, technological advancements, and a well-established healthcare infrastructure. The market is moderately competitive, with key players such as Drägerwerk AG & Co. KGaA, Koninklijke Philips N.V, and ZOLL Medical Corporation leading the industry.
Resuscitation Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 High Incidence of Preterm Births
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1.2.2 High Demand for Emergency Care
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1.2.3 Rising Incidences of Target Diseases
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1.3 Market Restraints
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1.3.1 Harmful Effects of Certain Products on Neonates
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Airway Management Devices
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2.1.1.1 Endotracheal Tubes
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2.1.1.2 Tracheostomy Tubes
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2.1.1.3 Ventilators
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2.1.1.4 Resuscitators
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2.1.1.5 Others
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2.1.2 External Defibrillators
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2.1.2.1 Fully Automated External Defibrillators
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2.1.2.2 Semi-Automated External Defibrillators
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2.1.2.3 Wearable Cardioverter Defibrillators
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2.1.3 Others
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2.2 By End User
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2.2.1 Hospitals
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2.2.2 Diagnostic Centers
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2.2.3 Ambulatory Surgical Centers
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2.2.4 Others
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle-East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle-East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Resuscitation Devices Market Size FAQs
What is the current Resuscitation Devices Market size?
The Resuscitation Devices Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Resuscitation Devices Market?
Drägerwerk AG & Co. KGaA, Koninklijke Philips N.V, ZOLL Medical Corporation (Asahi Kasei Group Company), Mindray and Medtronic are the major companies operating in the Resuscitation Devices Market.
