The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Resuscitation Devices Global Market Report 2023, the resuscitation devices market is expected to show significant growth in the forecast period.

Key insights from the resuscitation devices market forecast include:

1. Market Size

The global resuscitation devices market is expected to grow from $8.24 billion in 2022 to $8.76 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The resuscitation devices market size is expected to grow to $11.1 billion in 2027 at a CAGR of 6.1%.

2. Major Driver

The rise in cardiac and respiratory illness rates is likely to drive the growth of the resuscitation devices market in the approaching years. According to the American College of Cardiology, a non-profit medical organisation based in the United States, all four CV risk factors are expected to increase in prevalence among the general U.S. population between 2025 and 2060, with diabetes showing the greatest percentage increase of 39.3%, followed by dyslipidemia, hypertension, and obesity. The most substantial expected rate increases were 33.4% for heart failure and 33.8% for stroke. As a result, the increased prevalence of cardiac and respiratory illnesses propels the resuscitation devices market forward.

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3. Key Trend

The development of novel resuscitation equipment is a prominent trend that is gaining traction in the market for resuscitation devices. To meet client demand and expand their position, major players in the resuscitation devices market are developing novel resuscitation devices. For example, ZOLL Medical Corporation, a US-based firm that makes medical equipment and related software solutions, will release the ZOLL AED 3 defibrillator in June 2020. With Real CPR Help technology and integrated, real-time feedback, ZOLL AED 3 simplifies the delivery of guidelines-compliant CPR. A full-color display with realistic rescue images, a CPR cycle timer, and a large colour bar gauge that measures CPR compression depth are all part of the upgraded Real CPR Help. When the cardiac analysis is complete, a calming voice advises rescuers to come to a halt. It also alerts them whether a shock is required or if CPR should be resumed.

4. Largest Region

North America was the largest region in the resuscitation devices market in 2022.

5. Major Players

Major players in the food diagnostics market 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, Mindray Medical International Limited, Teleflex, Intersurgical, Salter Labs Inc., Smiths Medical, Vyaire Medical, RAPP Australia, and Neotech Medical Systems Pvt. Ltd.

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Key Resuscitation Devices Market Segments
The global resuscitation devices market is segmented –
1) By Product: Airway Management Devices, External Defibrillators, Convective Warming Blankets, Other Products
2) By Patient Type: Adult Patients, Pediatric Patients
3) By End User: Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Other End-users

The Resuscitation Devices Global Market Report 2023  provides an in-depth analysis on the resuscitation devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the resuscitation devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Ventricular Assist Device Global Market Report 2023
Veterinary Equipment And Supplies Global Market Report 2023
Orthopedic Devices Global Market Report 2023

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